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Andrew Lo - Computation and the Evolution of Financial Technology

July 6, 2011 by MoneyScience   Comments (0)

 

 

Even the most sophisticated technology and computational methods may not be enough to prevent the kind of disastrous errors that recently played out across the global economy, suggest these two speakers. Human temperament and judgment will remain critical factors in financial markets. When there is an economic incentive, says Andrew Lo, “technology has always been put into practice quickly.” Soon after the invention of the telegraph, Wall Street...