Sandy rattray is chief investment officer of man group and a member of the man group executive committee he is also a member of the man group responsible investment committee he was previously ceo of man ahl from 2013 to 2017, and cio of man systematic strategies from 2010 to 2013. Man v machine ‘gut feelings’ as the key to financial trading success john murray brown discusses new research from cambridge university with clive cookson, science editor, and roger blitz.
Man vs machine image credit credit john gall davenport and kirby make a strong case that as machine intelligence makes progress, humans will need to distinguish their skills: “stepping. Each individual is unique and requires customized financial guidance robots, on the other hand, remain just that -- robots without a human touch, it seems impossible for a machine to best predict which investments are really the best match for each unique portfolio. Sensitivity to “gut feelings” is a strong predictor of success in financial trading, according to research led by cambridge university the study of 18 hedge fund traders found those with greater “interoception”, which is the ability to sense the state of their body, made more money and survived for longer in hectic financial markets.
This was a true challenge of man versus machine in the article, smith reported: in may, london's guardian newspaper pitted a cabbie against a sat-nav-equipped driver from uber, the new 'taxi' company that allows passengers to book cars via their smartphones. Norwegian public opinion has sided with the human side of the man-versus-machine drama, but the oslo district court has come down hard it found them guilty of market manipulation and ordered suspended jail terms and confiscation of profits. The authors do appeal to businesses to augment human labor with technology, but such a strategy is likely to be applicable only to a very highly skilled work force.
In the man-versus-machine competition, machine is winning and it’s not just watson beating humans on “jeopardy” since the recession ended, businesses had increased their real spending on. Machine: the new kings of wall street 1:32 pm et tue, 14 sept 2010 high-frequency trading has spawned a new breed of market mavens far different than the traditional wall street titans.