Imagine you're exploring the world of finance, but this time, you're not dealing with probabilities. We're talking about a new approach called causal functional calculus. This method focuses on the paths taken by financial assets, not just their possible outcomes. One key idea here is something cal
Artificial Intelligence (AI) has been transforming the finance world for years, using both classic and modern techniques. Let's dive into the challenges, methods, and opportunities that AI brings to finance. First, let's look at the landscape of finance and the data it deals with. Finance businesse
Behavioral finance, which studies how human psychology affects financial markets, has long pointed out three puzzles that seem to defy the theory of rational finance. These puzzles are the predictability of asset prices, the equity premium puzzle, and the volatility puzzle. In simple terms, these pu
As the first batch of votes rolled in, five candidates took an early lead in Oakland's City Council races. Rowena Brown, Zac Unger, Carroll Fife, Noel Gallo, and Ken Houston were ahead, with Ryan Richardson leading the race for city attorney. The contests centered on crucial issues like crime, polic
Last week, a crypto-focused political action committee (PAC) rolled out a bus tour across five key states, starting in Phoenix and Las Vegas. This PAC, known as Stand With Crypto, has been spending big bucks in the political arena, but not all their spending is as transparent as it seems. In Nevada
Hey, let's talk about family reunions. A guy from Iowa is upset because his older brothers are inviting his ex-wife to their family reunion, but not his current wife of 20 years. He thinks that when you divorce, you're out of the family. But his brothers disagree and say his ex is still part of the
These days, young people are turning to artificial intelligence (AI) for help with their personal finances. A recent survey by Experian found that a large majority of Gen Zers and millennials are using AI tools to manage their money. About 67% of Gen Zers and 62% of millennials are relying on AI for
Did you know China Southern Airlines is one of the biggest in China? They fly to nearly 200 places in 35 countries with over 650 planes. Let's chat about their nonstop flights to the US in November. First, there's Guangzhou (CAN) to New York (JFK). That's a whopping 8, 000 miles one way. In Novembe
As Americans voted in the 2024 presidential election, China sent a message through its embassy in the U. S. The Chinese spokesperson, Liu Pengyu, said that China won't interfere in the election, calling it an internal U. S. matter. Instead, China hopes to work with the U. S. , no matter who wins. Th
In Asia, stock markets were all over the place on Wednesday. This happened right after Wall Street had a great day, excited about the upcoming U. S. presidential election results. Japan's Nikkei 225 led the pack with a 2% increase, while the Topix was close behind with a 1. 5% boost. The Bank of Ja
