The danger of Google

[NewsBot]

There is a very interesting paper about the danger of Google and search engine in general from the University Graz.

Read here http://www.iicm.tugraz.at/iicm_papers/dangers_google.pdf

 

Citation:

"Google can use its almost universal knowledge of what is happening in the world to play the stock market without risk: in certain areas Google KNOWS what will happen, and does not have to rely on educated guesses as other players in stock market have to. This is endangering trading on markets:* by game theory, trading is based on the fact that nobody has complete information (i.e. will win sometimes, but also loose sometimes). Any entity that never looses rattles the basic foundations of stock exchanges! "

 

Since Heisenberg came up with the "Uncertainty principle" we thought nobody can*predict the future, but now we have Google. ;)

 

What do you think? Is the*threat real?

 

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