Comment by alexpotato
17 days ago
I always love these discussions as I've spent the past 20 years working in FinTech with about half of that at algorithmic trading firms.
These firms have been using computers to make decisions about trading billions of dollars for over 30 years.
Yes, but I'd say there is also responsibility attached to the deployment and use (be that, e.g., for quant fund performance, behaviour on exchanges, ...). In a way, using an algorithm is the decision humans make that matters.
Your point is valid.
At the same time, I've been involved in hundreds of After Action Reviews of incidents and it's not always simple or easy to both figure out which party was ultimately responsible and also how to allocate the "dollar error budget" to the parties overall.
(This could be a blog post in and of itself btw)