WALL STREET’S sneezing fit continues, and the rest of the world can’t shake off its cold. Could the answer be to “immunise” the stock market by injecting it with a dose of minor downturns? If it works, a few jabs at the right time and place could make devastating crashes a thing of the past.
Michael Hart and his colleagues at Oxford University have made a computer simulation of the stock market, mimicking a group of traders who try to profit by buying when the majority wants to sell and selling when the majority wants to buy. Each time the…
