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You could make the argument that their behavior is algorithmic, at least that's a part of what HFT banks on. Conversely, what if the corporate shareholders wer

• dragonwriter 11y ago
  > You could make the argument that their behavior is algorithmic, at least that's a part of what HFT banks on. Human decision makers -- either individuals acting on their own behalf or humans acting as decision-makers in a corporation -- may choose to use algorithms to make decisions, and may choose to give programs that concretely instantiate algorithms minute-to-minute control of their resources. That doesn't mean that the personhood -- of the individual or corporation -- transfers to the algorithm or the concrete instance. > Conversely, what if the corporate shareholders were primarily algorithmic traders? Algorithmic traders are legal persons -- either corporations or individuals -- using computer programs to make and execute trading decisions.