We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).
jools33 writes "This is a fascinating story from the bbc of how a mathematical formula revolutionised the world of finance — which ultimately could have been responsible for its downfall. The Black-Scholes mathematical model, introduced in the 70s, opened up the world of options / futures / derivatives trading in a way that nothing before or since has accomplished, its phenominal success and widespread adoption lead to the discoverer winning a nobel prize in economics and yet it could ultimately have been responsible for the financial crisis of the past few years. Its interesting to ponder how algorithms and formulas that we work on today could fundamentally influence humanity's future." Link to Original Source
Have you ever noticed that the people who are always trying to tell you
`there's a time for work and a time for play' never find the time for play?