Interesting People mailing list archives
Re: who write the wall street software?
From: David Farber <dave () farber net>
Date: Wed, 1 Apr 2009 14:22:35 -0400
Begin forwarded message: From: "Bob Frankston" <Bob19-0501 () bobf frankston com> Date: April 1, 2009 1:11:30 PM EDT To: <dave () farber net>, "'ip'" <ip () v2 listbox com> Subject: RE: [IP] who write the wall street software?This reminds me of people attempting to explain hedges to me back in the 60’s or 70’s. They said that you invest in Plan B so if Plan A failed you’d limit your losses. I accepted that but asked whether that isn’t just another way of saying you’d accept a lower return for lower risk. They said no because …
I was either too dumb to understand or they were trying to explain how they finally solved the problem of perpetual motion. As Mlodinow observed in The Drunkard’s Walk statistically some of those people turned out to have guessed right and thus the idea was “proven”. Sort of like having 10 people walk across a busy street blindfolded and using the existence of a sole survivor to prove it is a good idea.
-----Original Message----- From: David Farber [mailto:dave () farber net] Sent: Tuesday, March 31, 2009 16:08 To: ip Subject: [IP] who write the wall street software? Begin forwarded message: From: Thomas Lord <lord () emf net> Date: March 31, 2009 12:48:09 PM EDT To: David Farber <dave () farber net>, mary_shaw () cs cmu edu Subject: who write the wall street software? I think IP readers would like this: I AGREE djf http://www.printthis.clickability.com/pt/cpt?action=cpt&title=My +Manhattan+Project&expire=&urlID=35003522&fb=Y&url=http% 3A//nymag.com/news/business/55687/&partnerID=73272 The article is titled "My Manhattan Project" and it's by Michael Osinski. Quote: "I wrote the software that turned mortgages into bonds." The article raises many interesting questions, in my opinion, about engineering ethics (and journalistic ethics). -t ------------------------------------------- Archives: https://www.listbox.com/member/archive/247/=now RSS Feed: https://www.listbox.com/member/archive/rss/247/ Powered by Listbox: http://www.listbox.com ------------------------------------------- Archives: https://www.listbox.com/member/archive/247/=now RSS Feed: https://www.listbox.com/member/archive/rss/247/ Powered by Listbox: http://www.listbox.com
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- Re: who write the wall street software? David Farber (Apr 01)