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The Almighty Buck

E-commerce's other side

The NewScientist reports this week that research at IBM and MIT has shown that E-commerce will cause more frequent and severe economic cycles of boom and bust because people are likely to use software agents to get the best bargains. The instantaneous decisions the software agents make lead to chaotic system behaviours... rather like the stock market crash of 1987. And of course there's also the Dow Jones Bug.
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E-commerce's other side

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C'est magnifique, mais ce n'est pas l'Informatique. -- Bosquet [on seeing the IBM 4341]

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