(Business Insider - Dr John Bates) There was a brilliant article recently on the BBC website posing the theory that algorithms are taking over the world. It is true that algorithms are now being used for everything from finding friends on Facebook to making trading decisions based on Twitter sentiment. High frequency trading, the recent media bad boy, is an algorithm-fueled method of buying and selling stocks - among other things. But algorithms are not quite the world-dominating powers that some people fear - yet.
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