The Capitalist Algorithm. Reflections on Robert Harris' "The Fear Index"

The Capitalist Algorithm. Reflections on Robert Harris' "The Fear Index"
Nitzan, Jonathan and Bichler, Shimshon. (2014). Real-World Economics Review. May. pp. 137-142. (Review; English).

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Alternative Locations

http://www.paecon.net/PAEReview/issue67/NitzanShimshon67.pdf

Abstract or Brief Description

Alexander Hoffmann is a physicist-turned-financier, a refugee from the particle accelerator complex in CERN who now runs a $10-billion algorithmic hedge fund from nearby Geneva. The fund is managed by VIXAL, Hoffmann’s machine learning algorithm, and is incredibly successful. The company’s statistics boast a consistently huge Alpha – a measure indicating by how much the fund beats the average and exceeds the normal rate of return – and the world’s biggest oligarchs and financial institutions are salivating at the mere thought of being allowed to invest in it. Managing their money has made Hoffmann very rich. In just a few years, he has seen his net worth rise from nothing to over a billion dollars. He has acquired a huge mansion, complete with a beautiful wife and a library full of antique books. There is no limit to what he is set to achieve. But things are not exactly what they seem to be.

Language

English

Publication Type

Review

Keywords

automation artificial intelligence capitalization financial markets fear hype power

Subject

BN Psychology
BN Institutions
BN Power
BN Money & Finance
BN Value & Price

Depositing User

Jonathan Nitzan

Date Deposited

13 May 2014

Last Modified

09 Apr 2016 01:22

URL:

https://bnarchives.net/id/eprint/401

Available Versions of this Item

• The Capitalist Algorithm. Reflections on Robert Harris' "The Fear Index". (deposited 07 Mar 2014)
  • The Capitalist Algorithm. Reflections on Robert Harris' "The Fear Index". (deposited 13 May 2014) [Currently Displayed]

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