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Destructive Destruction? An Ecological Study of High Frequency Trading

18 pointsby mgunesabout 10 years ago

3 comments

akleinabout 10 years ago
The essay has quotes like this: &quot;The market thus oscillates asymptotically around the attractor of zero information friction in an incomputably random orbit&quot; which sound so mathematical as to invite a proof...<p>... and then quotes like this: &quot;Algorithmic hordes of parasitic vampire squids and zombie capitalists compulsively gorge on blood and brains, their exhausted victims lie all around, twitching to the non-periodic outbursts of transient code – the singularity turns out to be just another accelerating extension of exploitation&quot; ... which is so over the top that it works against whatever point the article is trying to make...<p>... which is completely obscured by pseudo-scientific technobabble. A big WTF here.
hxrtsabout 10 years ago
I quite enjoyed the parallel made between physics and economics and the subsequent case against such a comparison. There is a strong argument against a traditional notion of efficient markets here.
bobcostas55about 10 years ago
This paper reads like it was made by the Postmodern Essay Generator...
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