Well, I sat on the plane reading "Wall Street Nerds," by David J . Leinweber. A pretty good collection of articles on history of AI applied to markets, written for the layman. A few good discussions on perils of curve fitting and mining for new traders as well. About the only technology he didn't seem to knock was GAs. Has anyone ever used QuantEx or MarketMind; some of the tools he co-developed and argued worked well in his book? What was your firsthand experience? Also, anyone using more modern AI based commercial tools at an institution or hedge fund?
One simple question needs to be answered about AI, math, and computers . Why does simple still work? Another question that needs to be answered is why is AI called artificial? That in itself tells you it is a myth. KISS PS: FROM GOOGLE: AI research is highly technical and specialized, so much so that some critics decry the "fragmentation" of the field.[10] Subfields of AI are organized around particular problems, the application of particular tools and around longstanding theoretical differences of opinion. The central problems of AI include such traits as reasoning, knowledge, planning, learning, communication, perception and the ability to move and manipulate objects.[11] General intelligence (or "strong AI") is still a long-term goal of (some) research[12], while many researchers no longer believe that this is possible.