article thumbnail

The Prisoner’s (Hedge Fund) Dilemma

CO2

SAC Manager Arrested for Insider Trading at Hedge Fund. If you speak to most hedge fund managers, they will tell you what they create is efficient markets. When they’re not working on efficiency, they try to produce wealth from wealth. The game may be up for SAC. Most businesses actually produce something.

Hedge 74
article thumbnail

How Blockchain Applications Will Move Beyond Finance

Harvard Business Review

Through a clever mix of game theory and cryptography, bitcoin replicates financial systems’ ability to transfer value, but without any of the labor typically involved in running and securing transactions.

article thumbnail

Nate Silver on Finding a Mentor, Teaching Yourself Statistics, and Not Settling in Your Career

Harvard Business Review

But my experience is all working with baseball data, or learning game theory because you want to be better at poker, right? That can help to make you a lot more efficient. In some ways the book is fairly abstract, partly because you’re trying to look at a lot of different fields. So it’s by experience.

Mentor 15