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cover of episode Predicting Volatility and Risk: Nasdaq’s Doug Hamilton

Predicting Volatility and Risk: Nasdaq’s Doug Hamilton

2021/11/16
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Me, Myself, and AI

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Douglas Hamilton: 我在Nasdaq领导AI研究,我们的团队服务于所有业务部门,致力于利用AI提高效率和改进流程,例如开发AI驱动的最小波动率指数。这个项目面临的挑战是如何在满足各种约束条件的同时,利用非线性方法来最小化投资组合的波动性。我们使用了模拟退火、遗传算法和MCMC等算法,并对算法进行了重新设计,以更好地处理硬约束。目前,我们正在处理数十个AI应用案例,涵盖多个业务领域。我们通过遥测数据和定期维护来监控和更新模型,并关注模型的误差分布,以降低风险。在高风险领域应用AI时,关注模型的误差分布比关注模型的准确性更为重要。我们致力于确保模型误差的均匀分布,并了解模型的适用范围。我们内部保持谨慎,对外保持乐观,以促进AI技术的快速发展和应用。AI技术的发展趋势是朝着更易于使用的方向发展,例如迁移学习和AutoML,这使得更多商业应用成为可能。未来,随着AI技术的成熟,将会出现更多计算机比人类更擅长的应用场景,人机协作将发挥更大的作用。 Sam Ransbotham & Shervin Khodabandeh: 两位主持人主要对Douglas Hamilton的观点进行提问和引导,并就AI在金融领域的应用、风险管理、人机协作等方面进行探讨。

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Douglas Hamilton discusses his role at Nasdaq's Machine Intelligence Lab and how AI is used across various business units to improve global trading processes.

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Douglas Hamilton works across business units at Nasdaq to deploy artificial intelligence anywhere the technology can expedite or improve processes related to global trading. In this episode of Me, Myself, and AI, he joins hosts Sam Ransbotham and Shervin Khodabandeh to explain how the global financial services and technology company uses AI to predict high-volatility indexes specifically and to offer more general advice for those working with high-risk scenarios. Read the episode transcript here).

Me, Myself, and AI is a collaborative podcast from MIT Sloan Management Review and Boston Consulting Group and is hosted by Sam Ransbotham and Shervin Khodabandeh. Our engineer is David Lishansky, and the coordinating producers are Allison Ryder and Sophie Rüdinger.

Stay in touch with us by joining our LinkedIn group, AI for Leaders at mitsmr.com/AIforLeaders).

Read more about our show and follow along with the series at https://sloanreview.mit.edu/ai).

Guest bio:

A data scientist by trade, Douglas Hamilton is the head of AI research at Nasdaq’s Machine Intelligence Lab, which is dedicated to clarifying and improving financial markets with machine learning. He joined Nasdaq in 2017 as a data scientist and developed AI solutions focusing on rapid adaptation, reinforcement learning, and efficient market principles as solutions to predictive control problems. Before joining the financial technology industry and spearheading Nasdaq’s machine intelligence initiatives, Hamilton led an advanced manufacturing analytics group at Boeing Commercial Airplanes and built customer relationship management systems at Fast Enterprises. He is a veteran of the U.S. Air Force and a member of the advisory board of The Data Science Conference. Hamilton holds a master of science degree in systems engineering from MIT and a bachelor’s degree in mathematics from the University of Illinois Springfield.

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