"Cyborg Finance" paper

Sunday, May 05, 2013 | 0 comments »

Little pre-abstract primer for this paper:

Detective Del Spooner: Human beings have dreams. Even dogs have dreams, but not you, you are just a machine. An imitation of life. Can a robot write a symphony? Can a robot turn a canvas into a beautiful masterpiece?
Sonny: Can you?


A sea change is happening in finance. Machines appear to be on the rise and humans on the decline. Human endeavors have become unmanned endeavors. Human thought and human deliberation have been replaced by computerized analysis and mathematical models. Technological advances have made finance faster, larger, more global, more interconnected, and less human. Modern finance is becoming an industry in which the main players are no longer entirely human. Instead, the key players are now cyborgs: part machine, part human. Modern finance is transforming into what this Article calls cyborg finance.

Fortunately this did not adopt the premise Asimov's "I, Robot". Technology is (so far at least) man's proxy but not exactly harnessed for the goal of social harmony.

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