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Deep Learning for Forecasting Stock Returns in the Cross-Section [pdf]
- Jeff_Brown 9y agoEconomist here. No matter how fancy your pattern detection algorithm is, it can't find information that isn't there. If the patterns it's trying to detect are generated by strategic agents (traders) who learn, the algorithm's predictions aren't likely to be reliable for very long.
- mlevental 9y agoyou're an economist and you don't understand that macroscopically phenomena can be much different than in aggregate microscopically?