You need to read stuff like this

[DominiConnor]

It's a competitive market, now more than ever and you need to stick out more. That means when you pitch yourself at interview being able to talk about things beyond what is on the curriculum that every other bright yung thing has learned.
Game theory of price formation always plays well when talking to traders.

The Game Theory of How Algorithms Can Drive Up Prices | Quanta Magazine

Recent findings reveal that even simple pricing algorithms can make things more expensive.

www.quantamagazine.org

 

[rajivp]

interesting .. even without being a ml or game theory expert, article’s gist & conclusion felt obvious.
if everyone uses similar data i.e. same sources because there is only enough data in the world to train your model from and similar model; algorithms will just converge .. learn to raise prices together or lower (whatever works) without ever talking.
It makes those tiny arbitrage windows disappear.
Feels like the field is converging - as there are only limited kind of strategy, data, models - same math (which eventually gets replicated) unless someone brings in something totally new, like quantum physics or a new kind of math.

 

[Daniel Duffy]

It's a competitive market, now more than ever and you need to stick out more. That means when you pitch yourself at interview being able to talk about things beyond what is on the curriculum that every other bright yung thing has learned.
Game theory of price formation always plays well when talking to traders.

The Game Theory of How Algorithms Can Drive Up Prices | Quanta Magazine

Recent findings reveal that even simple pricing algorithms can make things more expensive.

www.quantamagazine.org

Nice to see you again on Quantnet, Dominic.