Mathematics and Economics: A Reality Check

6 Pages Posted: 13 Aug 2016 Last revised: 21 Aug 2016

Marcos Lopez de Prado

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

Date Written: August 19, 2016

Abstract

Economics (and by extension finance) is arguably one of the most mathematical fields of research. However, economists’ choice of math may be inadequate to model the complexity of social institutions.

In a constructive spirit, this note offers some advice on how students could increase their chances of having a successful career in 21st century finance. Practitioners seeking to enhance their skillset may also draw some ideas.

Keywords: Graph theory, topology, discrete math, information theory, signal processing, machine learning, parallel processing, quantum supercomputing, experimental techniques

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

Suggested Citation

Lopez de Prado, Marcos, Mathematics and Economics: A Reality Check (August 19, 2016). Journal of Portfolio Management, Vol. 43, No. 1, 2016. Available at SSRN: https://ssrn.com/abstract=2819847

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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