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jrtomhttp://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=all
Interesting that it all comes down to this, in a sense.
The real question is this: how do we learn from this, and put in place safeguards against this kind of thing happening again? Clearly the real problem is that the model was applied without regard for its limitations, so it's not clear that better models are the right answer here.
Interesting that it all comes down to this, in a sense.
The real question is this: how do we learn from this, and put in place safeguards against this kind of thing happening again? Clearly the real problem is that the model was applied without regard for its limitations, so it's not clear that better models are the right answer here.