Nums: A world of battling algorithms

I’ve been getting back into behavioral economics and predictive analytics.

Led me back to a cool 15 minute TED Talk.

Tech entrepreneur Kevin Slavin tells how algorithms have reached across industries and into every day life.

A couple of lines caught my attention:

  • There are more than 2,000 physicists working on Wall Street developing operational algorithms
  • Massive scale speed trading is dependent on millisecond read & respond rates …
  • So, firms are physically literally locating right next to internet routing hubs to cut transmission times
  • And, of course, there isn’t time for human intervention and control
  • “We may be building whole worlds we don’t really understand, and can’t control.”

Worth listening to this pitch … a very engaging geek who may be onto something big.

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