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
Lopez 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
Marcos López de Prado (Contact Author)
AQR Capital Management, LLC ( email )
One Greenwich Plaza
Greenwich, CT 06830
United States
HOME PAGE: http://www.aqr.com
Register to save articles to
your library
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 585 442 8170 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.
