PT - JOURNAL ARTICLE AU - Marcos López de Prado ED - Mack, Barbara J. TI - Practical Applications of Recent Trends in Empirical Finance Author: AID - 10.3905/pa.2016.3.4.154 DP - 2016 Apr 30 TA - Practical Applications PG - 1--3 VI - 3 IP - 4 4099 - https://pm-research.com/content/3/4/1.11.short 4100 - https://pm-research.com/content/3/4/1.11.full AB - Recent Trends in Empirical Finance Marcos López de Prado The exact conditions of even a single day of trading cannot be reproduced by researchers, and thus it is difficult for academics to apply a scientific method in finance. By overlooking or covering up biases and errors in research findings, those who publish research on financial markets make it more difficult to discover, or at least approximate, the truth. In Recent Trends in Empirical Finance , Marcos López de Prado of Guggenheim Partners and Lawrence Berkeley National Laboratory provides a look at data on publications in financial economics and advocates for collaboration and coordination between industry players, regulatory bodies and educational institutions.López de Prado argues that a community-driven research paradigm would make use of modern technologies and toolkits and foster industry—university collaboration.TOPICS: Simulations, portfolio theory, portfolio management/multi-asset allocation