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Machine Learning for Finance
book

Machine Learning for Finance

by James Le, Jannes Klaas
May 2019
Intermediate to advanced content levelIntermediate to advanced
456 pages
11h 38m
English
Packt Publishing
Content preview from Machine Learning for Finance

Chapter 7. Reinforcement Learning for Financial Markets

Humans don't learn from millions of labeled examples. Instead, we often learn from positive or negative experiences that we associate with our actions. Children that touch a hot stove once will never touch it again. Learning from experiences and the associated rewards or punishments is the core idea behind reinforcement learning (RL). RL allows us to learn sophisticated decision-making rules while having no data at all. Through this approach, several high-profile breakthroughs occurred in AI, such as AlphaGo, which beat the world Go champion in 2016.

In finance, reinforcement learning, also known as RL, is making inroads as well. In its 2017 report, Machine learning in investment management ...

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Publisher Resources

ISBN: 9781789136364Supplemental Content