At the ‘Fringes of Realism’: Agent-Based Models Take Hold Among Quants

Agent-based modeling has taken root seemingly everywhere throughout the last decade, from theoretical physics, to military operations, to public health, to ride-sharing apps like Uber, and to a much lesser extent, finance. However, a year such as 2020—and all its ups and downs—could drive firms to the edge of this new frontier.

Many things changed on September 11, 2001, and apart from the profound sense of loss, there was also stunned disbelief—a question of “How?”

In the aftermath, Justin Lyon enrolled in a graduate program at MIT, studying system dynamics, or, to put it very simply, how complex things—systems with many moving parts—act and change over time. There, he focused on simulating the growth of radical Islam—that is, predicting likelihoods of violence, insurgencies, and counterinsurgencies in tandem with

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Waters Wrap: Inside the mind of the CTO

After having one-on-one conversations with eight different senior bank technologists, Anthony explains how these execs look at innovation strategy from a philosophical perspective.

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