Maket behaviour- electronically enforced processess for reducing human discretion of regulators
Most of our scientific knowledge fail to explain the why part-but only try to describe and fail rigorous test of cause and effect relation ships. Surprisingly logic has the fallacy described as post hoc ergo propter hoc which roughly means after this, therefore because of this...But all our knowledge if you introspect deeply, falls under this category. Trends can be foreseen but not spikes and timing. But what can be monitored is the ethical governance which is within human control, and which when we over look on a massive scale, can result in the current stock market melt down. Instead of describing the symptoms accurately with mathematical models, if we look for underlying driving forces and how the initial innocent belief that market forces will work in unbiased manner FAIRLY, is not proven sound and we do need HONEST regulation, not human based but may be digitally enforced ruthlessly, all will be better off. Interestingly if you mandate a group of us to lay down a process, we all...