Recent Trends in Empirical Finance

8 Pages Posted: 3 Aug 2015 Last revised: 4 Aug 2015

Marcos Lopez de Prado

Guggenheim Partners, LLC; Lawrence Berkeley National Laboratory; Harvard University - RCC

Date Written: August 1, 2015

Abstract

Financial economics is a surprisingly prolific, topic redundant, asocial field, where most papers go largely ignored. Author collaboration improves scientific output, and yet financial economics seems to be one of the least cooperative empirical fields. If these trends continue, financial economics may be in the path to become a pathological science, a collection of “cold fusion” claims.

Keywords: Econometrics, reproducibility, false positive, selection bias, multiple testing, empirical analysis

JEL Classification: G0, G1, G2, G15, G24, E44

Suggested Citation

Lopez de Prado, Marcos, Recent Trends in Empirical Finance (August 1, 2015). Journal of Portfolio Management, Vol. 41, No. 4, 2015 Forthcoming. Available at SSRN: https://ssrn.com/abstract=2638760

Marcos Lopez de Prado (Contact Author)

Guggenheim Partners, LLC ( email )

330 Madison Avenue
New York, NY 10017
United States

HOME PAGE: http://www.QuantResearch.org

Lawrence Berkeley National Laboratory ( email )

1 Cyclotron Road
Berkeley, CA 94720
United States

HOME PAGE: http://www.lbl.gov

Harvard University - RCC ( email )

26 Trowbridge Street
Cambridge, MA 02138
United States

HOME PAGE: http://www.rcc.harvard.edu

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