Comment on School for quants - Inside UCL's Financial Computing Centre parentComments−comm_it14yIn what way is it a waste of talent?Additionally, how are they occasionally destroying the world's economy?−elchief14yAre you kidding? Did you miss the whole 2008 financial crisis? The quants thought the could control risk, but couldn't.http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?curr...It's a waste of resources as moving paper around does not contribute to economic growth, whereas say spending time and energy on AI or nano might.
Comments
In what way is it a waste of talent?
Additionally, how are they occasionally destroying the world's economy?
Are you kidding? Did you miss the whole 2008 financial crisis? The quants thought the could control risk, but couldn't.
http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?curr...
It's a waste of resources as moving paper around does not contribute to economic growth, whereas say spending time and energy on AI or nano might.