Tuesday, September 24, 2013

The economics of meth dealing

A tongue-in-cheek illustration of why economics is an important field of study. At least I think it's tongue-in-cheek. It's like the Breaking Bad of economics.

Abrupt rise of new machine ecology beyond human response time

What it says on the tin - pretty interesting concept, really. You can model high-frequency trading algorithms as predators and prey depending on their speed, and the ecological model makes a lot of sense. But as these predators are merely proxies to the benefit of their human masters, and since it's difficult to envision a set of circumstances where that fact could possibly change, the title is a little ... sensational.