Laboratory for Financial Engineering

From ELIZA to ChatGPT: The Evolution of NLP and Financial Applications

Lo, Andrew W; Singh, Manish; ChatGPT (2023-04-20)

Natural language processing (NLP) has revolutionized the financial industry, providing advanced techniques for the processing, analyzing, and understanding of unstructured financial text. We provide a comprehensive overview ...
The Effects of Spending Rules and Asset Allocation on Non-Profit Endowments

Halem, Zachery M.; Lo, Andrew W; Matveyev, Egor; Quraishi, Sarah (2022-06-27)

The long-run impact and implications of an endowment’s spending policy and asset allocation decisions are examined. Using a dynamic model, the authors explore how different endowment spending rules influence the dynamics ...
An Artificial Intelligence-Based Industry Peer Grouping System

Bonne, George; Lo, Andrew W; Prabhakaran, Abilash; Siah, Kien Wei; Singh, Manish; e.a. (Journal of Financial Data Science, 2022)

In this work, the authors develop a data-driven peer grouping system using artificial intelligence (AI) tools to capture market perception and, in turn, group companies into clusters at various levels of granularity. In ...