Hacker News AI· quarkhole·· 3 days agoAI score18
Is AI going to arb away all market inefficiencies?
Is AI going to arb away all market inefficiencies?
AI summary
The author describes reading books to challenge his belief that AI trading bots will eventually eliminate all market edge, noting he has long disagreed with the Efficient Market Hypothesis, like Edward Thorp. He quotes a passage from "The Migration of Scarcity" arguing that a market forecast is part of the market rather than a description of an independent state, so forecasting becomes coordination.
Source: Hacker News AI · news.ycombinator.com