Munich Personal RePEc Archive

Artificial Stupidity: A Reply

Jackwerth, Jens Carsten (1997): Artificial Stupidity: A Reply. Published in: Journal of Portfolio Management , Vol. 27, No. 1 : pp. 120-121.

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Abstract

Murphy, Koehler, and Fogler [1997] gave in the last issue of the Journal of Portfolio Management an account of how to raise a neural net’s IQ. The purpose of this reply is to point out some of the general difficulties with neural nets. Also, I would like to mention an alternative method, namely Pade approximants, which does not suffer from these difficulties.

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