Recently, there was an interesting article in the New York Times. The article brought up some fascinating issues about our reliance on computers — particularly in the world of finance. Basically, the “Wall Street geeks” or “quants” develop sophisticated algorithms that package up securities with all the right attributes to make them attractive to other buyers. The interesting thing is that these types of algorithms produce results that people don’t really understand.
Hazy Computing
October 15, 2008