ART 12B Lecture Notes - Lecture 13: 2010 Flash Crash, Artificial Neural Network
5/17/2018: Lecture Thirteen
⚫ Law and social adaptation takes a while to catch up to new technology. The
current privacy debate is an example of that.
➢ Facebook and Google profit by selling information. This is interesting
efletio aout the ode eooy eause they do’t eate a
product or sell real estate.
⚫ 70% of trades are done by computers with human oversight
➢ Flash crash of 2:45: The May 6, 2010, Flash Crash, also known as the Crash
of 2:45, the 2010 Flash Crash or simply the Flash Crash, was a United
States trillion-dollar stock market crash, which started at 2:32 p.m. EDT
and lasted for approximately 36 minutes.
➢ We ae itig thigs that e a o loge ead –High Frequency
Trading and Algorithim Ted Talk.
➢ Wall Street Algorithms function on speed. The faster your algorithm, the
more successful your business trades and closes deals.
⚫ Military Trickle Down: components inside of phones and computers were
designed with a paranoid cold war mentality. Because these computer
systems were developed for the military during the Cold War, there was a
very strong emphasis on threats and problems and you had to constantly be
on guard against the dangers of the world.
➢ But ost of ou daily lies ae atually uite outie…
➢ Paranoid Technologies.
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
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