Algorithms are very powerful search tools: they have the ability to almost instantaneously sift through massive numbers of data points and order that information into a form that can help answer questions and decide courses of action. Despite their many positive uses, algorithms can generate self-supporting conclusions which, over time, can progressively narrow search outcomes […]
A central problem in business is financial risk allocation. When a person or a company assumes an excessive amount of risk for a potential gain it often has a negative impact on shareholder value. While calculating and pricing risk is difficult under any circumstances, it is particularly challenging in times of heightened financial volatility when […]
A continuing challenge in business is trying to figure out what will happen in the future. While forecasting is challenging under any circumstances, it is particularly difficult in times of heightened degrees of uncertainty when markets may act in ways that differ significantly from what has been seen in the past. In this Part 2 […]