Re: who write the wall street software?

[David Farber <dave () farber net>]

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