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Building Computer Decision Making Systems to Predict the Two Thousand and Eight Financial Crisis
In his book, principles for navigating big debt crises, ray dallio argues that gathering historical data and building computer decision making systems enabled bridge water associates to anticipate the two thousand eight financial crisis. The truth is that we're talking about processes that are not remotely stationary over hundreds of years. If you ask what the economy of 400 years before, a hundred hundred years before two thousand and eight was like in 19 o 8 a, the things you could learnr from that experience are pretty limited. Once again, it's not nothing, but they're not things that you can develop quantitative models for.