The Capitalist Algorithm: Reflections on Robert Harris' "The Fear Index" by Jonathan Nitzan and Shimshon Bichler Montreal and Jerusalem, March 2014
ABSTRACT: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 Alfa – 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. FULL TEXT: http://bnarchives.yorku.ca/393/ *** Recent additions and updates to the Bichler & Nitzan Archives: http://bnarchives.yorku.ca/perl/latest To unsubscribe, reply to this email with "unsubscribe" in the subject field. -- Jonathan Nitzan Political Science || Social and Political Thought York University 4700 Keele St. Toronto, Ontario, M3J-1P3 Canada Voice: (416) 736-2100, ext. 88822 Fax: (416) 736-5686 Email: nitzan at yorku.ca The Bichler & Nitzan Archives:http://bnarchives.net Capital as Power:http://capitalaspower.com RECASP (journal):http://uow.edu.au/arts/research/recasp/index.html _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
