Researchers find sudden rise of global ecology of interacting robots that trade on markets at speeds too fast for humans
Wednesday, September 11, 2013 - 04:00
in Mathematics & Economics
Recently, the global financial market experienced a series of computer glitches that abruptly brought operations to a halt. One reason for these "flash freezes" may be the sudden emergence of mobs of ultrafast robots, which trade on the global markets and operate at speeds beyond human capability, thus overwhelming the system. The appearance of this "ultrafast machine ecology" is documented in a new study published on September 11 in Nature Scientific Reports.