Finance as an Industrial Science
2 Pages Posted: 5 Aug 2017 Last revised: 19 Jan 2018
Date Written: January 18, 2018
Abstract
Finance cannot become a rigorous science (in the Popperian or Lakatosian sense), however it can still operate as an “industrial science”. This article describes the scientific method by which industrial finance discovers through experimentation, and avoids false discoveries.
Keywords: Big data, machine learning, high performance computing
JEL Classification: G0, G1, G2, G15, G24, E44
Suggested Citation: Suggested Citation
López de Prado, Marcos, Finance as an Industrial Science (January 18, 2018). Journal of Portfolio Management, Vol. 43, No. 4, 2017. Available at SSRN: https://ssrn.com/abstract=3010799
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