Episode 453

Machine Learning Applications: What We Can Learn from Healthcare Finance

March 10, 202119m 39s

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Show Notes

Andrew Lo discusses his various fields of expertise and research with Anastasia Diakaki. Professor Lo's most recent work in healthcare finance, more timely than ever, serves as the starting point for a conversation covering the COVID-19 pandemic, machine learning applications in biopharma, artificial intelligence and the interpretability of machine learning results in the finance industry. When it comes to preparing for the future, we ask Andrew Lo: "Do we all need to become computer scientists?"

Topics discussed:

1:30 - Professor Lo's philosophy and approach in health care finance sector

2:43 - Applications: what are the implications of these tools?

4:51 - Lo's view on the pandemic and the acceleration of some processes

6:41 - Machine learning applications and health care

8:58 - Successes and improvements to algorithms in practice

10:57 - Computer science – the new life skill to have

13:24 - Machine learning algorithm used in the investment process

15:25 - Are your current students more comfortable with science skills?

16:55 - AI and human intelligence