Open Source Finance

6 Pages Posted: 1 Mar 2007

Date Written: November 2006

Abstract

Open source finance brings the benefits of open source development to academic research and professional practice in finance. The three main parts of open source finance are: 1) the use of open source software in testing hypotheses and implementing investment strategies, 2) cheap access to financial data, and, 3) replication to confirm published research results. Although neither open source software nor replication are widely employed in finance today, their use is growing and their advantages substantial. Academics and professionals who embrace these changes are more likely to be successful than those who do not.

Keywords: open source

JEL Classification: G1

Suggested Citation

Kane, David, Open Source Finance (November 2006). Available at SSRN: https://ssrn.com/abstract=966354 or http://dx.doi.org/10.2139/ssrn.966354

David Kane (Contact Author)

Harvard University ( email )

1875 Cambridge Street
Cambridge, MA 02138
United States

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