Virtually all journal articles in the factor investing literature make associational claims, in
denial of the causal content of factor models. Authors do not identify the causal graph …

In this article, the author advocates for the use of causal graphs to modernize the field of
factor investing and set it on a logically coherent foundation. To do this, first he introduces …

Virtually all journal articles in the factor investing literature make associational claims,
instead of causal claims. Authors do not identify the causal graph consistent with the …

India's renewable energy target of 175GW by 2022—including 100GW of solar and 60GW of
wind—is an ambitious path to meeting increasing energy demands. Meeting this goal is not …

Extant literature on education research focuses on evaluating schools' academic
performance rather than the performance of educational institutions. Moreover, the State of …

The foreign exchange (FX) markets are some of the most liquid in the world, yet this liquidity
is not spread evenly across currencies or market conditions. Factors like the time of day or …

Recent progress in causal inference has opened a path, however difficult, for advancing
financial economics beyond its current phenomenological stage. The goal of this article is to …

Moore's Law (1965) states that the processing power of our computers approximately
doubles every two years. While there is evidence that this law may be finally peaking 1 there …

Alternative data and machine learning present many exciting opportunities for researchers.
In this panel discussion, we provide background information, the current state of research …