From Nautilus:
The Flash Crash reveals that we need a fundamentally different understanding of how modern financial markets work. We believe that it shows us that markets are governed by the same principle as earthquakes and avalanches: self-organized criticality. … James Owen Weatherall is an associate professor at the University of California, Irvine, and author of The Physics of Wall Street.

For the full story, please visit http://nautil.us/issue/23/dominoes/why-the-flash-crash-really-matters.

connect with us

         

© UC Irvine School of Social Sciences - 3151 Social Sciences Plaza, Irvine, CA 92697-5100 - 949.824.2766