Tag Results for Derive (5)

  1. Derivatives and the Singularity

    In the weekend's New York Times, a can't-miss article from Richard Dooling on the economics of the singularity. In spite of its unlikely title, "The Rise of the Machines" offers the best explanation I've read on what exactly the heck a derivative is. So far a lot of stories discuss the bailout: is it wise? They focus on the effects of wall street on main street. They focus on the personal tragedies of financial titans as if we're trying to make schadenfreude our national pastime. But what's always elusive in these (otherwise satisfying) narratives about motivation is what …

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