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by prophesi
746 days ago
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I like the way Maureen K. Ohlhausen puts it: > Let’s just change the terms of the hypothetical slightly to understand why. Everywhere the word “algorithm” appears, please just insert the words “a guy named Bob”. Is it ok for a guy named Bob to collect confidential price strategy information from all the participants in a market, and then tell everybody how they should price? If it isn’t ok for a guy named Bob to do it, then it probably isn’t ok for an algorithm to do it either. Full talk from 2017: https://www.ftc.gov/system/files/documents/public_statements... |
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