Risk Management Practices / Technology Innovations

Reinforcement Learning: Risks and Challenges for Financial Institutions

Alexey Rubtsov, PhD, Senior Research Associate, Global Risk Institute


INTRODUCTION

Machine Learning is generally viewed in four main categories: Supervised, Unsupervised, Semi-Supervised, and Reinforcement Learning. Each type of machine learning will be covered individually in our Financial Innovation series.  This paper addresses Reinforcement Learning (RL) in finance and discusses the implementation issues for financial institutions who want to employ RL in their business.

 

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Reinforcement Learning: Risks and Challenges for Financial Institutions