PT - JOURNAL ARTICLE AU - Marcos López de Prado ED - Mack, Barbara J. TI - Practical Applications of The Future of Empirical Finance AID - 10.3905/pa.2016.3.3.131 DP - 2016 Jan 31 TA - Practical Applications PG - 1--4 VI - 3 IP - 3 4099 - https://pm-research.com/content/3/3/1.1.short 4100 - https://pm-research.com/content/3/3/1.1.full AB - The Future of Empirical Finance Marcos López de Prado Overview Nowhere is the tension between theory and practice more apparent than in the financial markets.The tools of economic, statistical and financial analysis provide masses of data and elaborate frameworks for assessing risk, return, asset allocation and portfolio performance. But beware: Deeply flawed analytical methods can distort empirical results, warns Marcos López de Prado of Guggenheim Partners and the Lawrence Berkeley National Laboratory . He addresses some of the misperceptions surrounding empirical finance and offers suggestions to establish firmer ground for research.