CYBORG - Russell, Simon
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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…mehr

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Produktbeschreibung
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.
Autorenporträt
Simon is at the cutting edge of topics that have the potential to transform the roles of investment professionals. In the future they will need to rethink how they collaborate, and they will need to become adept at integrating their expert professional judgments with mechanic decision-making tools. In the face of an increasingly 'noisy' and demonstrably uncertain world, they will also need to become better at determining what really matters, and at predicting the future.Simon is the founder of Behavioural Finance Australia (BFA). At BFA he provides specialist behavioural finance training and consulting to investment managers, major super funds, financial advisers, and other investment professionals. Simon brings a unique combination of finance and psychology to his clients. He is able to engage teams on the psychological considerations related to sometimes technical financial or investment issues, including making a financial forecast, building a business case, creating a valuation model, negotiating a transaction, or assessing a new project's IRR. Simon is the author of three other books on behavioural finance. His first book, 'Applying Behavioural Finance in Australia', details strategies to identify and overcome various investment decision-making biases. The book broaches some of the topics that are discussed in the current book, but its focus is broader than listed equities teams; it provides strategies that are also relevant for major super funds, asset consultant and family offices.