TITLE

Computing Our Way Into The Collapse

AUTHOR(S)
Gomes, Lee
PUB. DATE
November 2008
SOURCE
Forbes Asia;11/24/2008, Vol. 4 Issue 20, p44
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The article presents the author's comments on the role of computers in the collapse of the global financial system. According to the author, computers came up with financial products of massive complexity and length that it makes the user forget what he was trying to do with the thing. He says that computers allowed human financial macroeconomic modelers to be too clever and camouflaged a fatal bit of wishful thinking deep inside an elegant but opaque bit of computer modeling.
ACCESSION #
35661645

 

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