A couple years ago, Darlin and I watched a science interview - forgive me, I do not recall who was being interviewed - but it was a mathematician who had been doing very well with the stock market and he openly explained the concept of the ability to predict the future by having mass data of million/billions of individual decisions.
This concept has been out there in the public realm for some time as a practical reality.
A couple years ago, Darlin and I watched a science interview - forgive me, I do not recall who was being interviewed - but it was a mathematician who had been doing very well with the stock market and he openly explained the concept of the ability to predict the future by having mass data of million/billions of individual decisions.
This concept has been out there in the public realm for some time as a practical reality.
When I worked as an engineer in the aerospace industry, some co-workers analyzed the effectiveness of aircraft designs by playing "war games" using a field of study called Operations Research. They used parameters of aircraft and enemy missiles, ground-based radar ... etc, then played scenarios based upon US and Soviet training techniques. Very complicated stuff that is impossible to calculate with equations, rather empirical evidence using enhanced modeling and randomness as an instigator.
This is a snippet of Wikipedia's comment on Operations Research - a field of study I suspect can be applied to today's financial markets by projecting responses to stimuli in fractions of a second.
Employing techniques from other mathematical sciences, such as mathematical modeling, statistical analysis, and mathematical optimization, operations research arrives at optimal or near-optimal solutions to complex decision-making problems. Because of its emphasis on human-technology interaction and because of its focus on practical applications, operations research has overlap with other disciplines, notably industrial engineering and operations management, and draws on psychology and organization science. Operations research is often concerned with determining the maximum (of profit, performance, or yield) or minimum (of loss, risk, or cost) of some real-world objective. Originating in military efforts before World War II, its techniques have grown to concern problems in a variety of industries.
This the entire wikipedia article on
Operations Research.