AI for Finance (AI for Everything Series)

Finance students and practitioners may ask: can machines learn everything? Could AI help me? Computing students or practitioners may ask: which of my skills could contribute to finance? Where in finance should I pay attention? This book aims to answer these questions. No prior knowledge is expected in AI or finance.

Including original research, the book explains the impact of ignoring computation in classical economics; examines the relationship between computing and finance and points out potential misunderstandings between economists and computer scientists; and introduces Directional Change and explains how this can be used.

To finance students and practitioners, this book will explain the promise of AI, as well as its limitations. It will cover knowledge representation, modelling, simulation and machine learning, explaining the principles of how they work. To computing students and practitioners, this book will introduce the financial applications in which AI has made an impact. This includes algorithmic trading, forecasting, risk analysis portfolio optimization and other less well-known areas in finance. Trading depth for readability, AI for Finance will help readers decide whether to invest more time into the subject.

About the Author

Edward P.K. Tsang is a retired professor and a freelance consultant. With a first degree in finance and a PhD in AI, he has broad interests in constraint satisfaction, optimization, AI and finance.

Reviews

“This important book is an unusually topical attempt to introduce readers to the relationship between the technical analysis of financial market prices and the automated implementation of its findings. The book will be of considerable interest to those who wish to know about this relationship in an eminently readable form: both professional financial market analysts and those considering future employment in the field.” —Michael Dempster, ‎Professor Emeritus in the Statistical Laboratory at the University of Cambridge

"AI for Finance is an excellent primer for experts and newcomers seeking to unlock the potential of AI. The book combines deep thinking with a bird’s eye view of the whole field – the ideal text to get inspired and apply AI. A big thank you to Edward Tsang, a pioneer of AI and quantitative finance, for making the concepts and usage of AI easily accessible to academics and practitioners." —Richard Olsen, Founder and CEO of Lykke, co-founder of OANDA, and pioneer in high frequency finance and fintech

“Without a doubt, AI symbolizes the future of finance and, in this important book, Professor Tsang provides an excellent account of its mechanics, concepts and strategies. Books featuring AI in finance are rare so practitioners and students would do well to read it to gain focus and valuable insights into this fast-evolving technology. Congratulations to Professor Tsang for providing a readable and engaging work in a complex technology that will appeal to all levels of readers!” —Dr David Norman, Founder of the TTC Institute

Dimensions: 12.9 x 0.71 x 19.8 cm