Computing Our Way Into The Collapse

Gomes, Lee
November 2008
Forbes Asia;11/24/2008, Vol. 4 Issue 20, p44
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.


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