Simons Institute Theoretically Speaking Series — Artificial Stupidity: The New AI and the Future of Fintech

Lecture | December 3 | 6-7:30 p.m. |  David Brower Center

 2150 Allston Way, Berkeley, CA 94704

 Andrew W. Lo, Massachusetts Institute of Technology

 Simons Institute for the Theory of Computing

Financial AI seems so close, yet so far. We have automated trading algorithms, machine-learning models of credit risk, electronic exchanges, robo advisors, and cryptocurrencies, but machines still haven’t replaced portfolio managers, financial advisors, and bankers. So what’s missing? Not artificial intelligence. What's missing is that we have yet to develop an algorithmic understanding of human behavior as it is, rather than as it should be. In other words, we need a theory of artificial stupidity, and in this talk, Andrew Lo will motivate the need for this theory with several examples, and propose some first steps in constructing it.

Theoretically Speaking is a lecture series highlighting exciting advances in theoretical computer science for a broad general audience. Events are held at the David Brower Center in Downtown Berkeley, and are free and open to the public. No special background is assumed.

Seating is first come, first served. Light refreshments will be served before the lecture, at 5:30 p.m.

 chris24@berkeley.edu, 510-664-5459