Nerds on Wall Street: Math, Machines and Wired Markets

Front Cover
John Wiley and Sons, May 27, 2009 - Business & Economics - 400 pages
4 Reviews
An intriguing look at how technology is changing financial markets, from an innovator on the frontlines of this revolution

Nerds on Wall Street tells the tale of the ongoing technological transformation of the world's financial markets. The impact of technology on investing is profound, and author David Leinweber provides readers with an overview of where we were just a few short years ago, and where we are going. Being a successful investor today and tomorrow--individual or institutional--involves more than stock picking, asset allocation, or market timing: it involves technology. And Leinweber helps readers go beyond the numbers to see exactly how this technology has become more responsible for managing modern markets. In essence, the financial game has changed and will continue to change due entirely to technology. The new "players," human or otherwise, offer investors opportunities and dangers. With this intriguing and entertaining book, Leinweber shows where technology on Wall Street has been, what it has meant, and how it will impact the markets of tomorrow.
 

What people are saying - Write a review

LibraryThing Review

User Review  - dandv - LibraryThing

Good overview to using AI and IA for trading (use holdback samples, don't data mine). Nothing more specific. Much history of how the market came to be. Some explanation of the 2008 financial crisis ... Read full review

User Review - Flag as inappropriate

This was informative, well illustrated, and very funny. Editing could be better, it does say at the beginning that much of he material has appeared elsewhere and there is some repetition so chapters can stand alone. All in all, a good read from a Wall Street nerd who was a pioneer in using AI, visualization and machine learning. 

Contents

An Illustrated History of Wired Markets
5
Greatest Hits of Computation in Finance
31
Algorithm Wars
65
Where Does Alpha Come From?
95
Part Three
149
Perils and Promise of Evolutionary Computation
181
The Text FrontierAI IA and
203
Collective Intelligence Social Media and
227
Investing with Crowds Never Met a Data Vendor I Didnt Like
249
PartFour
273
Structural Ideas for the Economic Rescue Fractional
305
Nerds Gone Green Nerds on Wall Street
327
Index
343
About the Web Site
353
Copyright

Other editions - View all

Common terms and phrases

About the author (2009)

David Leinweber is a Haas Fellow in Finance at the Haas School of Business at UC Berkeley, and founding Director of the Center for Innovative Financial Technology at Berkeley. He is the founder of two pioneering financial technology firms and successfully managed multibillion-dollar institutional portfolios for many years. Dr. Leinweber has consulted, published, and lectured widely on the use of advanced technology, artificial intelligence, and intelligence amplification in finance-always in an easy and accessible way-and has earned the reputation as "class clown of the quantitative investing industry." He received BS degrees in physics and electrical engineering from the Massachusetts Institute of Technology and a PhD in applied mathematics from Harvard University.

Bibliographic information