{"title":"强化学习在量化金融领域的演变","authors":"Nikolaos Pippas, Cagatay Turkay, Elliot A. Ludvig","doi":"arxiv-2408.10932","DOIUrl":null,"url":null,"abstract":"Reinforcement Learning (RL) has experienced significant advancement over the\npast decade, prompting a growing interest in applications within finance. This\nsurvey critically evaluates 167 publications, exploring diverse RL applications\nand frameworks in finance. Financial markets, marked by their complexity,\nmulti-agent nature, information asymmetry, and inherent randomness, serve as an\nintriguing test-bed for RL. Traditional finance offers certain solutions, and\nRL advances these with a more dynamic approach, incorporating machine learning\nmethods, including transfer learning, meta-learning, and multi-agent solutions.\nThis survey dissects key RL components through the lens of Quantitative\nFinance. We uncover emerging themes, propose areas for future research, and\ncritique the strengths and weaknesses of existing methods.","PeriodicalId":501309,"journal":{"name":"arXiv - CS - Computational Engineering, Finance, and Science","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2024-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The Evolution of Reinforcement Learning in Quantitative Finance\",\"authors\":\"Nikolaos Pippas, Cagatay Turkay, Elliot A. Ludvig\",\"doi\":\"arxiv-2408.10932\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Reinforcement Learning (RL) has experienced significant advancement over the\\npast decade, prompting a growing interest in applications within finance. This\\nsurvey critically evaluates 167 publications, exploring diverse RL applications\\nand frameworks in finance. Financial markets, marked by their complexity,\\nmulti-agent nature, information asymmetry, and inherent randomness, serve as an\\nintriguing test-bed for RL. Traditional finance offers certain solutions, and\\nRL advances these with a more dynamic approach, incorporating machine learning\\nmethods, including transfer learning, meta-learning, and multi-agent solutions.\\nThis survey dissects key RL components through the lens of Quantitative\\nFinance. We uncover emerging themes, propose areas for future research, and\\ncritique the strengths and weaknesses of existing methods.\",\"PeriodicalId\":501309,\"journal\":{\"name\":\"arXiv - CS - Computational Engineering, Finance, and Science\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2024-08-20\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"arXiv - CS - Computational Engineering, Finance, and Science\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/arxiv-2408.10932\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"arXiv - CS - Computational Engineering, Finance, and Science","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/arxiv-2408.10932","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The Evolution of Reinforcement Learning in Quantitative Finance
Reinforcement Learning (RL) has experienced significant advancement over the
past decade, prompting a growing interest in applications within finance. This
survey critically evaluates 167 publications, exploring diverse RL applications
and frameworks in finance. Financial markets, marked by their complexity,
multi-agent nature, information asymmetry, and inherent randomness, serve as an
intriguing test-bed for RL. Traditional finance offers certain solutions, and
RL advances these with a more dynamic approach, incorporating machine learning
methods, including transfer learning, meta-learning, and multi-agent solutions.
This survey dissects key RL components through the lens of Quantitative
Finance. We uncover emerging themes, propose areas for future research, and
critique the strengths and weaknesses of existing methods.