I wrote about this in October. (http://wnytechblog.wordpress.com/2008/10/26/computing-and-stock-prices/). Now, ars technica offers a more detailed and extensive take on this (http://arstechnica.com/news.ars/post/20081215-axioms-downturns-and-a-global-computer-crash.html). In this intentionally short citation, I will mostly quote from the article. I encourage you to read the entire piece if your curiosity is piqued. The first observation is that while the elaborate computer models [...]
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