If you have read my series on the Attack of the Killer Algorithms, watch this video as Christopher Steiner explains where you interact with these algorithms in every day life. He’ right on the money here with the use of algorithms, how and where will we use them. Where do you draw the line between utility and “menace”…and that is so true…so I should say the Attack of the Killer Algorithms focus more on the “menace” side and he says who’s in charge is the big question here and that will be the battle of the future with the use of big data.
Attack of the Killer Algorithms–Digest & Links for All Chapters–on How Math and Crafty Formulas Today Running on Servers 24/7 Make Life Impacting Decisions About You
Programmers, scientists, quants, technologists all face the same issue and the people on Wall Street can’t draw the line between utility and menace. Where do the lines get drawn and who gets to draw them. If you need more on the “menace” concept then use the link below and watch the documentary, “Quants the Alchemists of Wall Street” to see the menaces at work that have have taken your money and the fiction they write into the formulas of of business models. You will understand more as to why you see CEOs like Jamie Dimon say “I don’t know” when asked about their models. When fiction and the real world collide where does the money go, only your algorithm knows for sure…well maybe.
Quants: The Alchemists of Wall Street Video Documentary - Why It Needs to Matter What Companies Do and Not Focus Only On the Price of Stock With So Called Value - Attack of the Killer Algorithms Chapter 44
Just this week Steven Colbert talked to him about his book and the algorithms…is this the matrix?