Professor Doyne Farmer is the Director of the Complexity Economics Program at the Institute for New Economic Thinking at the Oxford Martin School, Oxford University. He shares his thoughts about the Impact AI will have on Financial Services & The Economy.
Professor Farmer is a physicist by training who has spent the last 20 years ‘doing economics’. But he has been doing it from a very different perspective than most economists. Through a life of prediction he wanted to fuse the understanding of complex systems with the domain knowledge in finance to address the ‘clearly gaping holes’.
He created a ‘cerebellum for markets’ – effectively a ‘box’ that took all the inputs they could gather – all the numerical inputs they could find about equities and made about a thousand trades a day.