{"product_id":"probabilistic-machine-learning-for-finance-and-investing","title":"Probabilistic Machine Learning for Finance and Investing: A Primer to Generative AI with Python by Deepak K. Kanungo","description":"\u003ch2\u003eProbabilistic Machine Learning for Finance and Investing: A Primer to Generative AI with Python by Deepak K. Kanungo\u003c\/h2\u003e\n\u003cp data-path-to-node=\"6\"\u003eThe core thesis of \u003ci data-path-to-node=\"6\" data-index-in-node=\"19\"\u003eProbabilistic Machine Learning for Finance and Investing\u003c\/i\u003e is that \u003cb data-path-to-node=\"6\" data-index-in-node=\"84\"\u003efinance is not physics; market systems are dominated by non-deterministic epistemic and aleatory uncertainty, and our models must quantify that risk directly.\u003c\/b\u003e Kanungo targets the underlying weaknesses of classical tools like Null Hypothesis Significance Testing (NHST) and Maximum Likelihood Estimation (MLE). These traditional methodologies frequently trap traders in \"the confidence game,\" spitting out precise numeric predictions (point estimates) that look highly accurate on paper but collapse during structural market shifts because they treat probability as a long-run limiting frequency rather than an evolving state of knowledge.\u003c\/p\u003e\n\u003cp data-path-to-node=\"7\"\u003eInstead of hiding behind abstract, monolithic black boxes, Kanungo shifts the paradigm toward Bayesian frameworks and generative ensembles. He shows developers how to treat uncertainties as core features of the system by outputting comprehensive probability distributions. The book walks readers through encoding subjective, empirical, and institutional knowledge directly into models, utilizing \u003cb data-path-to-node=\"7\" data-index-in-node=\"396\"\u003eMarkov Chain Monte Carlo (MCMC)\u003c\/b\u003e simulations, and deploying \u003cb data-path-to-node=\"7\" data-index-in-node=\"455\"\u003eMetropolis Sampling\u003c\/b\u003e routines to map earnings expectations and portfolio default risks. This approach enables financial systems to act with \"uncertainty awareness\"—explicitly flagging when market shifts have rendered their predictions unreliable.\u003ccode role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c3878679226-121 no-decoration-radius\"\u003e\u003c\/code\u003e\u003c\/p\u003e\n\u003cp data-path-to-node=\"7\"\u003e\u003c!----\u003e\u003c!----\u003e\u003c!----\u003e\u003c!----\u003e\u003c!----\u003e\u003c!----\u003e\u003c!----\u003e\u003c!----\u003e\u003c\/p\u003e\n\u003cdiv class=\"code-block ng-tns-c3878679226-121 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" data-hveid=\"0\" data-ved=\"0CAAQhtANahgKEwjP-v3438mUAxUAAAAAHQAAAAAQ0gM\"\u003e\n\u003c!----\u003e\n\u003cdiv class=\"formatted-code-block-internal-container ng-tns-c3878679226-121\"\u003e\n\u003cdiv class=\"animated-opacity ng-tns-c3878679226-121\"\u003e\n\u003c!----\u003e\n\u003cp data-path-to-node=\"29\"\u003eAs our regional fintech developers, quantitative investment houses, and algorithmic prop-trading groups build automated systems to compete in international financial markets, engineering teams are hitting a severe operational wall. While developers can easily train standard predictive models on historical price charts, these systems regularly collapse during real-world market shocks because their underlying code is blind to tail risk and structural environment shifts.\u003c\/p\u003e\n\u003cp data-path-to-node=\"30\"\u003e\u003ci data-path-to-node=\"30\" data-index-in-node=\"0\"\u003eProbabilistic Machine Learning for Finance and Investing\u003c\/i\u003e provides the exact, code-forward solution our trading infrastructure requires. Deepak K. Kanungo perfectly balances his decades of real-world derivatives trading with highly practical Python development patterns. By cutting through academic pretense and providing clear, line-by-line implementations of Monte Carlo paths, Bayesian logic, and MCMC networks, this book gives financial software engineers, quantitative analysts, and systems architects the precise tools needed to ship highly resilient, self-monitoring, and risk-managed platforms. It is a mandatory addition to any serious financial engineering library.\u003c\/p\u003e\n\u003csection id=\"shopify-section-template--21334189375673__main\" class=\"shopify-section section\"\u003e\n\u003cdiv class=\"page-width\"\u003e\n\u003cdiv class=\"product product--medium product--left product--thumbnail product--mobile-hide grid grid--1-col grid--2-col-tablet\"\u003e\n\u003cdiv class=\"product__info-wrapper grid__item scroll-trigger animate--slide-in\"\u003e\n\u003csection id=\"ProductInfo-template--21334189375673__main\" class=\"product__info-container product__column-sticky\"\u003e\n\u003cdiv class=\"product__description rte quick-add-hidden\"\u003e\n\u003cdiv class=\"code-block ng-tns-c3299913081-108 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" data-hveid=\"0\" data-ved=\"0CAAQhtANahgKEwjvvJOByMeUAxUAAAAAHQAAAAAQ-gI\"\u003e\n\u003cdiv class=\"formatted-code-block-internal-container ng-tns-c3299913081-108\"\u003e\n\u003cdiv class=\"animated-opacity ng-tns-c3299913081-108\"\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003eLanguage: English.\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003eGenre: \u003cb data-path-to-node=\"32,1,0\" data-index-in-node=\"0\"\u003e:\u003c\/b\u003e Quantitative Finance Architecture.\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003eBinding: সেলাই করা বাইন্ডিং\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003eQuality: Premium Quality Books.\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003ePrinting: High Quality Printing.\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003ePaper: Eye Friendly paper (Cream White)\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003eCover: Matt cover (Paperback).\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv id=\"shopify-block-AbTNjUDdGSldnOEd5a__judge_me_reviews_preview_badge_MPK6Xc\" class=\"shopify-block shopify-app-block\"\u003e\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"Royal Books BD","offers":[{"title":"Default Title","offer_id":47231833997497,"sku":null,"price":250.0,"currency_code":"BDT","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0780\/0874\/6169\/files\/Probabilistic_Machine_Learning_for_Finance_and_Investing.jpg?v=1779351322","url":"https:\/\/royalbooksbd.com\/products\/probabilistic-machine-learning-for-finance-and-investing","provider":"Royal Books BD","version":"1.0","type":"link"}