Moore's Law versus Murphy's Law: Algorithmic Trading and Its Discontents

Article OPEN
Andrei A. Kirilenko; Andrew W. Lo;
(2013)
  • Journal: Journal of Economic Perspectives, volume 27, issue 2 Spring, pages 51-72
  • Identifiers: doi: 10.1257/jep.27.2.51
  • Subject:
    • jel: jel:E44 | jel:G10 | jel:G20

Financial markets have undergone a remarkable transformation over the past two decades due to advances in technology. These advances include faster and cheaper computers, greater connectivity among market participants, and perhaps most important of all, more sophisticat... View more
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