Book Image

Machine Learning for Finance

By : Jannes Klaas
Book Image

Machine Learning for Finance

By: Jannes Klaas

Overview of this book

Machine Learning for Finance explores new advances in machine learning and shows how they can be applied across the financial sector, including insurance, transactions, and lending. This book explains the concepts and algorithms behind the main machine learning techniques and provides example Python code for implementing the models yourself. The book is based on Jannes Klaas’ experience of running machine learning training courses for financial professionals. Rather than providing ready-made financial algorithms, the book focuses on advanced machine learning concepts and ideas that can be applied in a wide variety of ways. The book systematically explains how machine learning works on structured data, text, images, and time series. You'll cover generative adversarial learning, reinforcement learning, debugging, and launching machine learning products. Later chapters will discuss how to fight bias in machine learning. The book ends with an exploration of Bayesian inference and probabilistic programming.
Table of Contents (15 chapters)
Machine Learning for Finance
Contributors
Preface
Other Books You May Enjoy
Index

Exercises


In this chapter, you have learned a lot about both the technical and non-technical considerations of fairness in machine learning. These exercises will help you think much more deeply about the topic:

  • Think about the organization you work for. How is fairness incorporated in your organization? What works well and what could be improved?

  • Revisit any of the models developed in this book. Are they fair? How would you test them for fairness?

  • Fairness is only one of the many complex issues large models can have. Can you think of an issue in your area of work that could be tackled with the tools discussed in this chapter?