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{ "item_title" : "Trading Beyond Understanding", "item_author" : [" Christian Borch "], "item_description" : "Machine learning is fundamentally transforming financial markets. Where trading strategies were once crafted by human experts--executed manually or through pre-coded rules--firms now build models that generate the strategies themselves. These are not just tools but trading automatons: semi-independent systems designed to learn from markets and act on their own. Drawing on over a decade of fieldwork in financial markets, Christian Borch offers a rare inside look at how these systems are built, the risks they pose, and how they challenge our understanding of markets and decision-making. As trading automatons grow more complex and opaque--even to their designers--new sociological questions emerge: What happens when machines become the primary agents in markets? And how should we understand economic action when human judgment is no longer at the center? Trading Beyond Understanding is a powerful investigation of machine agency, market transformation, and the shifting boundaries between technological systems and social life.", "item_img_path" : "https://covers1.booksamillion.com/covers/bam/1/50/363/680/1503636801_b.jpg", "price_data" : { "retail_price" : "120.00", "online_price" : "120.00", "our_price" : "120.00", "club_price" : "120.00", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }
Trading Beyond Understanding|Christian Borch

Trading Beyond Understanding : Machine Learning, Risk, and Markets

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Overview

Machine learning is fundamentally transforming financial markets. Where trading strategies were once crafted by human experts--executed manually or through pre-coded rules--firms now build models that generate the strategies themselves. These are not just tools but trading automatons: semi-independent systems designed to learn from markets and act on their own. Drawing on over a decade of fieldwork in financial markets, Christian Borch offers a rare inside look at how these systems are built, the risks they pose, and how they challenge our understanding of markets and decision-making. As trading automatons grow more complex and opaque--even to their designers--new sociological questions emerge: What happens when machines become the primary agents in markets? And how should we understand economic action when human judgment is no longer at the center? Trading Beyond Understanding is a powerful investigation of machine agency, market transformation, and the shifting boundaries between technological systems and social life.

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Details

  • ISBN-13: 9781503636804
  • ISBN-10: 1503636801
  • Publisher: Stanford University Press
  • Publish Date: March 2026
  • Dimensions: 9 x 6 x 0.8 inches
  • Shipping Weight: 1.04 pounds
  • Page Count: 232

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