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"so they shouldn't be dangerous to the market, as long as they're designed correctly". Even if we accept the author's position, why would we also make the assu
by dholowiski 15y ago
"so they shouldn't be dangerous to the market, as long as they're designed correctly". Even if we accept the author's position, why would we also make the assumption that this software is designed properly and bug free?
- shabble 15y agoI guess it depends on the stakes, and how well the traders understand (the risks of) software development to pay for the quality, testing, and maintenance. "This isn't just some human lives we're playing with, this is serious! It could cost us billions!"
- anamax 15y ago> Even if we accept the author's position, why would we also make the assumption that this software is designed properly and bug free? Is the software less reliable than people? http://en.wikipedia.org/wiki/Barings_Bank http://en.wikipedia.org/wiki/Barings_Bank Note that the recent flash crash had about as much do with computers as a significantly worse "flash crash" in the mid/early 60s.