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I'd characterize it as their fitness function is "amount of profit generated" and they attempt to maximize that. Or are you saying financial firms would volunta

• fatbird 10y ago
  In Alan Greenspan's testimony to Congress on the 2008 crash he said he believed Wall St. was smart enough to do exactly that: collectively manage systemic risk by factoring it in, which would necessarily reduce profits by forsaking some short terms gains. He was wrong.