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AQR’s Bryan Kelly On The Virtue Of Complexity: Why Bigger Models Are Better [Future Alpha 2026]

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Future Alpha 2026 Bryan Kelly
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Bryan Kelly opened the Future Alpha 2026 conference with a quote from George Box’s econometrics textbook, the one that trained a generation of statisticians and finance researchers. Rule number one, chapter one: “It is important in practice that we employ the smallest possible parameterizations for adequate representations of our models.”

Kelly, who is Head of Machine...

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