65th ISI World Statistics Congress

65th ISI World Statistics Congress

Modeling for Finance in the Age of AI

Conference

65th ISI World Statistics Congress

Format: SIPS Abstract - WSC 2025

Keywords: dynamic multivariate time series, stochastic, stochastic volatility models

Abstract

In 2002, I led the creation of the Center for Computational Finance and Economic Systems (cofes.rice.edu), a cross-university research and education center focused on the highly complex and quantitative financial markets and their impact on global economies. I continue to lead CoFES today. I will provide a historical overview of the impactful research over these decades, as well as the important historical role of statistics in finance and economics. With the rapid rise of AI tools, I will explore what's next for statistics in the arena of quantitative finance.