Remove Broadcasting Remove Data mining Remove Finance Remove Risk Management
article thumbnail

The trinity of errors in financial models: An introductory analysis using TensorFlow Probability

O'Reilly on Data

Finance is not physics. Despite all the complicated mathematics of modern finance, its theories are woefully inadequate, especially when compared to those of physics. Perhaps finance is harder than physics. This observation is particularly applicable to finance. Image by Mike Shwe and Deepak Kanungo. Used with permission.

Modeling 134