All books

Professional

Apps About Coach Log in Start reading

Quantitative Finance · Glossary

What is Decision staleness?

Definition 29.1 Machine Learning for Markets · Chapter 29 — Build: An Order-Book Model, End to End

The decision staleness of an order is the time from the market event its decision is based on to the moment the order leaves the trader: the market-data latency, any wait while earlier decisions are still being computed, and the decision time itself. With decisions triggered at a rate λ\lambda and each taking LL, the wait stays bounded only while λL<1\lambda L<1.

Read in context →