VAULT DWELLERS SERVED

Saturday, September 3, 2011

The Only Creatures Left Playing The Market Are Computers

That's right, folks. Read it and weep.

In place of an economy, we have a handful of computers creating a Potemkin village simulating economic activity.

The end comes and it is Pythonesque.

1 comment:

Anonymous said...

One major danger is that the computer algorithms have no commonsense about how to deal with a crash; they'll just sell, sell, sell. The other major problem is that those formula, the software are designed for a particular kind of economic environment - when that environment's rules change, the computers will make things worse. Without humans to monitor this, those companies will discover huge unexpected losses, and markets can crash far worse. It's a big part of why the 1997 Asian Crisis got so bad.

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