Automate this: How Algorithms Took Over Our Markets, Our Jobs, and the World

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Portfolio/Penguin, 2013 - Business & Economics - 248 pages
2 Reviews
How the rise of computerized decision-making affects every aspect of business and daily life

The bot takeover began with high frequency trading on Wall Street, and from there it spread to all manners of high-level tasks--such as diagnosing illnesses or interpreting legal documents. There is no realm of human endeavor safe from algorithms that employ speed, precision and nuance.

In this fascinating book, Steiner tells the story of how algorithms took over and shows why the "bot revolution" is about to spill into every aspect of our lives. We meet bots that are driving cars, penning haikus, and writing music mistaken for Bach's. They listen in on customer service calls and figure out what Iran would do in the event of a nuclear standoff. On Wall Street, pre-programmed algorithmic deals are executed by machines faster than any human could--leaving human investors at a severe disadvantage.

But what will the world look like when algorithms control our hospitals, our roads, and our national security? Is a stock market controlled by high-speed trading bots worth investing in? And what role will be left for doctors, lawyers, writers, truck drivers, and many others?

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LibraryThing Review

User Review  - Muir_Alex - LibraryThing

In one respect packed with knowledge, the book is also an engaging story. Steiner follows the evolution of algorithms, and through this pursuit explores wall street, the music industry, silicon valley ... Read full review

LibraryThing Review

User Review  - Katong - LibraryThing

Betrays its origins as a business book: the best bit was the anecdotal, teadable account of the beginnings of automated trading on Wall Street. it's a little choppy and patchy, also completely skips ... Read full review

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About the author (2013)

Chris Steiner is the author of $20 Per Gallon, a New York Times bestseller. His writing has appeared in Forbes, the Chicago Tribune, the Wall Street Journal, Fast Company, and more. He holds an engineering degree from the University of Illinois at Urbana-Champaign and a masters in journalism from Northwestern University. Steiner lives in Evanston, Illinois, with his family.

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