Cyborg
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Cyborg: How to optimally integrate human and machine investment decision-making

Cyborg: How to optimally integrate human and machine investment decision-making


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About the Book

What can asset managers learn from Deep Blue's triumph at chess, or from Watson's victory at Jeopardy, or AlphaGo's win at Go, or from machine learning's success at language translation, or from the analysis of Google search terms to predict the spread of the flu? What do these examples from the rapidly evolving world of artificial intelligence teach us that is relevant for an analyst forecasting corporate earnings, or for an asset manager's strategy team deciding which new product to launch, or for their HR manager thinking about what skills to recruit for, or for a client engagement team seeking to influence prospective clients? In a world of powerful algorithms and intelligent robots, of passive and factor-based strategies, what is the future role for humans in the investment management industry? This book leverages unique insights into the strengths and weaknesses of professional investment decision-making that have been gained from the author's role as a specialist behavioural finance consultant and trainer. By combining concepts from behavioural finance and artificial intelligence this book identifies ways investment professionals can create "cyborgs" decision-making processes that integrate individual, team and machine thinking. When designed appropriately, cyborgs can perform better than humans or machines alone. With cyborg decision-making, improved risk-adjusted returns, greater client engagement, and more sustainable value propositions are possible.

About the Author :
Simon is the founder of Behavioural Finance Australia, a specialist behavioural finance consulting and training business. He helps professional investors apply insights from behavioural finance research to improve investment decision-making. Prior to establishing Behavioural Finance Australia, Simon worked across Australia and the UK in asset consulting and investment banking roles, as well as directly for a number of Australian financial services companies, including boutique specialists and large vertically integrated providers. Simon majored in psychology at the University of Adelaide, where he completed a Bachelor of Arts. He has also obtained a Bachelor of Commerce (at the University of Adelaide), a Graduate Diploma in Applied Finance & Investments (at the Securities Institute of Australia), a Masters of Applied Finance (Macquarie University), a Diploma of Financial Planning (MLC Advice Education) and a Graduate Certificate in Management (Australian Institute of Management). Simon is a regular presenter on behavioural finance-related topics at industry and academic conferences, as well as publishing articles for the industry and mainstream press. Articles and further information on behavioural finance topics are available at www.behaviouralfinanceaustralia.com.au, where readers can also join a mailing list. Simon lives in Melbourne, Australia with his partner, Leonora, and three children, Benjamin, Clare and Emma. Dr Alistair Rew has extensive experience in leadership and decision-making across investment management, having spent 20 years in the industry, both in Australia and internationally. Alistair started his career in London on the trading floors of Kleinwort Benson and Barclays Capital before joining XL Capital Investment Partners in New York, where he headed up and built a highly successful global hedge fund program and investment team. Alistair currently works at AMP Capital as Head of Alpha Strategies, focussed on the development of absolute return capabilities and strategies. As part of this, Alistair leads Cortex, a people, team, data and technology-centric strategy focussed on partnering with investment teams to deliver superior outcomes to the firm's clients. Key elements of the strategy include leveraging data and technology to enhance portfolio and risk management decision-making. Alistair leads a diverse multi-discipline team, bringing together complementary technical and human skills, including data science, technology, software development, research, visualisation, risk and portfolio management, and behavioural finance professionals. Alistair is also the inaugural chair of the Alternative Investment Management Association (Australia) Investor Advisory Group, which aims to bring the experiences and insights of large institutional investors to domestic and global alternative asset managers. Alistair has a PhD in Econometrics, an MSc in Finance and a BSc in Economics and Finance.


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Product Details
  • ISBN-13: 9780994610225
  • Publisher: Publicious Pty Ltd
  • Publisher Imprint: Publicious Pty Ltd
  • Height: 178 mm
  • No of Pages: 154
  • Spine Width: 8 mm
  • Weight: 122 gr
  • ISBN-10: 099461022X
  • Publisher Date: 24 Oct 2017
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: How to optimally integrate human and machine investment decision-making
  • Width: 111 mm


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