Comment by amirhirsch
14 hours ago
At least in my experience (MIT ’06) many of the people most comfortable gaming academics ended up in finance.
I've always felt that it was these kind of folks that caused the 2008 financial crisis
14 hours ago
At least in my experience (MIT ’06) many of the people most comfortable gaming academics ended up in finance.
I've always felt that it was these kind of folks that caused the 2008 financial crisis
Intentionally or negligently caused '08?
Intentional negligence? In many parts any reasonable looking into future should have made it clear things were unsustainable. Both on loan origination where rates would end up unsustainable for borrowers but also the derivative side with unsustainable liabilities. Screams of being intentional and negligent at same time, but it did make money.
Intention is becoming worthless in the disinformation age.