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You're reading from  Mastering Reinforcement Learning with Python

Product typeBook
Published inDec 2020
Reading LevelBeginner
PublisherPackt
ISBN-139781838644147
Edition1st Edition
Languages
Python
Tools
PyTorch
Concepts
Reinforcement Learning
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Author (1)
Enes Bilgin
Enes Bilgin
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Enes Bilgin

Enes Bilgin works as a senior AI engineer and a tech lead in Microsoft's Autonomous Systems division. He is a machine learning and operations research practitioner and researcher with experience in building production systems and models for top tech companies using Python, TensorFlow, and Ray/RLlib. He holds an M.S. and a Ph.D. in systems engineering from Boston University and a B.S. in industrial engineering from Bilkent University. In the past, he has worked as a research scientist at Amazon and as an operations research scientist at AMD. He also held adjunct faculty positions at the McCombs School of Business at the University of Texas at Austin and at the Ingram School of Engineering at Texas State University.
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Applying reinforcement learning in finance

If we need to reiterate RL's promise, it is to obtain policies for sequential decision making to maximize rewards under uncertainty. What is a better match than finance for such a tool? In finance:

  • The goal is very much to maximize some monetary reward,
  • Decisions made now will definitely have consequences down the road,
  • Uncertainty is a defining factor.

As a result, RL is getting increasingly popular in the finance community.

To be clear, this section will not include any examples of a winning trading strategy, well, for obvious reasons: First, the author does not know any; second, even if he did, he would not tell that in a book (and no one would). In addition, there are challenges when it comes to using RL in finance. So, we start this section with a discussion on these challenges. Once we ground ourselves in reality, then we will proceed to defining some application areas and introducing some tools you can...

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Mastering Reinforcement Learning with Python
Published in: Dec 2020Publisher: PacktISBN-13: 9781838644147
© 2020 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Enes Bilgin

Enes Bilgin works as a senior AI engineer and a tech lead in Microsoft's Autonomous Systems division. He is a machine learning and operations research practitioner and researcher with experience in building production systems and models for top tech companies using Python, TensorFlow, and Ray/RLlib. He holds an M.S. and a Ph.D. in systems engineering from Boston University and a B.S. in industrial engineering from Bilkent University. In the past, he has worked as a research scientist at Amazon and as an operations research scientist at AMD. He also held adjunct faculty positions at the McCombs School of Business at the University of Texas at Austin and at the Ingram School of Engineering at Texas State University.
Read more about Enes Bilgin

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