"... Eventually, I became a tenure-track professor at , which had a combined math department with . And then I made a big change. I quit my job and went to work as a quant for , a leading hedge fund. In leaving academia for finance, I carried mathematics from abstract theory into practice. The operations we performed on numbers translated into trillions of dollars sloshing from one account to another. At first I was excited and amazed by working in this new laboratory, the global economy. But in the autumn of 2008, after I'd been there for a bit more than a year, it came crashing down The crash made it all too clear that mathematics, once my refuge, was not only deeply entangled in the also fueling many of them. The housing crisis, the collapse of major financial institutions, the rise of unemployment—all had been aided and abetted by mathematicians wielding magic formulas."
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Bloggers from the United StatesMathematicians from the United StatesHarvard University alumniColumbia University facultyUniversity of California, Berkeley alumni
Original Language: English
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Cathy O'Neil
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