FAQ on risk model books and forex tick data source and Dukascopy

Neural network AI is simple. So Stop pretending you are a genius

This was a wildly popular topic in my Facebook group.

http://quantlabs.net/blog/2018/02/neural-network-ai-simple-stop-pretending-genius/

Here are some quotes that may be relevant for you:

Neural networks are dumb black box systems. If you torture them enough you can get great fit of test data, but you won’t get great results from randomly sourced tests. AI is really good at spurious correlations....

People want to ascribe magic powers to AI, but for the most part AI can’t do anything a human can’t. There are some exceptions, but only for transparent AI. Neural Networks aren’t transparent, and even in the transparent systems a human would be able to replicate the final result...

AI can be built to do great things. Neural networks have limitations.