megan@elon (Megan Squire)

Dr. Megan Squire's blog -- Elon University, Department of Computing Sciences

Tuesday, February 24, 2009

Let's blame math for our financial ruin

Boing Boing summarizes a Wired article about how we can conveniently blame math for America's financial woes. Turns out this guy made a magic formula and everyone started using it to predict how to buy and sell. Guy gets Nobel prize. Whoops, there's no such thing as "magic". American economy in tank, Nobel revoked. Hilarity ensues.