Fascinating article about software that contributed to the financial crisis http://nymag.com/news/business/55687/. Similar takeaway as from the Gaussian Copula article in wired http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=all . Which is essentially that sophisticated tools that aren’t understood by their greedy users can get everyone into a shitload of trouble.
Fascinating article about software that …
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