3 ms·
Here is a question from a layman's (Stat 101) perspective: Why don't we see many Statistics PhDs, armed only with with a computer, access to free public data an
by dilipd 16y ago
Here is a question from a layman's (Stat 101) perspective: Why don't we see many Statistics PhDs, armed only with with a computer, access to free public data and some programming skills, CONSISTENTLY make a killing on Wall St?
Is it because Statistics fails once the number of variables & complexities increase to reflect the real life?
- 3pt14159 16y agoThey are making a killing, they just don't talk about it. I know several people who are doing this. Currency trading, predicting dog & horse races, options trading - all one man shows with a tiny little grasp that nobody else has. Each making a couple million a year trying to figure out the next little trick (all the straightforward tricks are owned by Goldman's super fast computers). More than once I have seen 1 second of lag cost them big, but overall they are maxing out the opportunities their little (< 20k loc, usually in vb of all things, sometimes in python or ruby) stats programs have found. Furthermore, I work as a business intelligence quant for the online tech space. I've DRASTICALLY increased ROI rates for online ads, as well as conversion metrics, with my formulas and clustering models. There is so much low hanging fruit out there it is crazy. If anyone wants to get into this field I'd be more than happy to point you in the right direction.
- microcentury 16y agoI would be interested in hearing more about how you've done this with online ads.
- mofeeta 16y agoAs would I. Email sent.
- impeachgod 16y agoI would too. I think it's best you make a public post about this, I think a lot of people will be interested in this.
- enjo 16y agoOh.. but we have: http://www.google.com/search?sourceid=chrome&ie=UTF-8&q=high+frequency+trading+site:news.ycombinator.com http://www.google.com/search?sourceid=chrome&ie=UTF-8...