Featuring Machine Learning experts from Cornell, Citi, and more…
You and your colleagues are invited to attend the Cornell Financial Data Science Webinars. Through online talks in Spring 2022, we are excited to collaborate with various guest speakers in highlighting machine learning applications in finance.
All webinars are from 5:00 pm to 6:00 pm ET.
This webinar is free and open to all guests. Registration is required (please RSVP here). You will receive the webinar link and dial-in info upon registration (the confirmation email will come from no-reply@zoom.us).
| Date | Tuesday, March 22nd, 2022 |
| Time | 5:00pm – 6:00pm ET |
| Speaker | Maarten Scholl (Oxford Martin School at the University of Oxford) |
| Title | Studying Market Ecology Using Agent-Based Models |
Abstract:
This talk presents a mathematical analogy between financial trading strategies and biological species and shows how to apply standard concepts from ecology to financial markets. We analyze the interactions of stereotypical trading strategies in ecological terms, showing that they can be competitive, predator-prey, or mutualistic, depending on the wealth invested in each strategy. The deterministic dynamics suggest that the system should evolve toward an efficient state where all strategies make the same average returns. However, this happens slowly, and the evolution is so noisy that there are large fluctuations away from the efficient state, causing bursts of volatility and extended periods where prices deviate from fundamental values.
Speaker Bio:
Maarten P. Scholl is a PhD student at the Institute for New Economic Thinking (INET) at the Oxford Martin School and the Department of Computer Science. He works on classifying financial market activities using regulatory reporting data and uses Agent-Based Models (ABMs) to simulate financial market scenarios to uncover all possible interactions between market activities.
We hope to see you online!
**Please excuse any duplication of this announcement
If you are interested in our past seminars, you are welcome to subscribe to our YouTube Channel and watch our videos!
Past Events
February 15, 2022
Speaker: Kevin Webster
Title of Presentation: “How Price Impact Distorts Accounting P&L – Revisiting Caccioli, Bouchaud and Farmer’s Impact-Adjusted Valuation”
Upcoming Events
April 2022
Speaker: Andreea Minca (Cornell)
Title of Presentation: “Clustering Heterogeneous Financial Networks”