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Odd Lots

This Is How Algorithms Impact Every Aspect Of Our Lives, from News to Credit Scores to Stocks

Odd Lots

Bloomberg

Business News, News, News Commentary, Business, Investing

4.52K Ratings

🗓️ 18 December 2017

⏱️ 34 minutes

🧾️ Download transcript

Summary

Algorithms. People talk about them all the time, particularly in relation to markets. But who actually designs them, and what do they do? On this week's episode of the Odd Lots podcast, we speak with Frank Pasquale, a law professor at the University of Maryland, and the author of "The Black Box Society: The Secret Algorithms That Control Money and Information." Pasquale, who has been following the growing importance of algorithms for several years explains the various ways they're shaping our life without us being aware of it.

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Transcript

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0:00.0

Thought Creators, the Podcast for Financial Experts, brought to you by FAB.

0:08.0

My guest today is Sarah Piersada Osmani, head of Sustainable Asset and Project Finance at

0:13.4

FAB.

0:14.4

FAB has committed to lend, arrange and facilitate up to US dollar 75 billion of

0:20.2

sustainable finance by 2030.

0:23.0

Thought Creators.

0:25.0

The Podcast for Financial Experts brought to you by FAB.

0:29.0

Welcome to Crash Course, a podcast about business, political, and social disruption, and what we can learn from it.

0:37.0

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and I'm

0:45.6

going to explore the lessons we can learn when creativity and ambition collide with

0:50.8

competition and power.

0:53.0

Listen to Crash Course every Tuesday

0:55.0

on the I Heart Radio app, Apple Podcasts,

0:57.9

or wherever you get your podcasts. Hello and I'm

1:15.0

I'm Tracy Allaway. And I'm Joe Wiesenthal.

1:16.4

So Joe, you know what I was thinking?

1:19.4

No, I don't actually.

1:21.0

Okay.

1:22.0

What were you thinking? That was a pretty open-ended question in retrospect.

1:25.2

That would have been pretty impressive if I had gotten it right. All right, what I was thinking is that we have a tendency on this show to talk a lot about quantitative trading.

1:35.8

We talk a lot about high frequency trading, systematic trading strategies, and we don't actually

1:42.0

talk that much about the things that underpin all those strategies.

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