Trading beyond understanding
machine learning, risk, and markets
- ISBN: 9781503645523
- Editorial: Stanford University Press
- Fecha de la edición: 2026
- Lugar de la edición: Stanford (CA). Estados Unidos de Norteamérica
- Encuadernación: Rústica
- Medidas: 24 cm
- Nº Pág.: 222
- Idiomas: Inglés
Machine learning is fundamentally transforming financial markets. Where trading strategies were once crafted by human experts-executed manually or through pre-coded rules-firms now build models that generate the strategies themselves. These are not just tools but trading automatons: semi-independent systems designed to learn from markets and act on their own. Drawing on over a decade of fieldwork in financial markets, Christian Borch offers a rare inside look at how these systems are built, the risks they pose, and how they challenge our understanding of markets and decision-making. As trading automatons grow more complex and opaque-even to their designers-new sociological questions emerge: What happens when machines become the primary agents in markets? And how should we understand economic action when human judgment is no longer at the center? Trading Beyond Understanding is a powerful investigation of machine agency, market transformation, and the shifting boundaries between technological systems and social life.

