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Tag Archives: risk

Reality Isn’t That Simple

Monday, April 6, 2009

Recipe for Disaster: The Formula That Killed Wall Street, is the tale of the Gaussian copula function.  The Gaussian copula function, which determines correlation between “disparate events,” allowed the CDO and credit default swap markets to believe that they correctly priced the risks in complex financial instruments.  The “simple and elegant mathematical formula” was too [...]

Filed in Economy | Also tagged | Comments (0)

OpenDNS

Wednesday, July 30, 2008

With Security at Risk, A Push to Patch the Web in today’s NY Times reminded me about OpenDNS, a free domain name system service.  The article, which deals with a serious security flaw discovered in the operation of the domain name system earlier this year by Dan Kaminsky, an Internet security expert, notes that individuals [...]

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Classic Lawyer’s Mistake

Wednesday, May 21, 2008

The SMG website features an interesting 7-minute podcast from colleague Marshall Van Alstyne, Associate Professor Information Systems, on IP and Open v. Proprietary Systems. Among other things he advises “don’t make the classic lawyer’s mistake” and equate “maximum value with maximum protection,” which he illustrates with a discussion of the birth of Google mashups. [...]

Filed in Copyright Law, Legal Profession | Also tagged , | Comments (0)

Predator Fear

Friday, February 29, 2008

David Pogue’s weekly column in the NY Times linked to a PBS Frontline video segment (part of its Growing Up Online series) titled The Child Predator Fear. Unlike most news treatments the Frontline piece does not raise hysteria. It focuses on a New Jersey family in which the mom fears stalkers lurking on [...]

Filed in Internet Culture, Privacy | Also tagged , | Comments (6)

Don’t Go to Law School

Tuesday, January 22, 2008

I’ve posted before that prospective law students must honestly consider their prospects for success in law school because, unless they attend one of the very top-ranked schools, their job opportunities will be limited if they are not ranked at the top of their classes. The Wall Street Journal Law Blog recently interviewed “law school [...]

Filed in Law School | Also tagged , , , , , , , , | Comments (4)

Legal Careers

Thursday, September 27, 2007

A comment on my post Not Covered by LSAT Prep takes exception–quite respectful exception–to my statement that “If you can’t assess and accept the risks of spending three years and $150,000 to earn a law degree there is a simple and cheap two-word solution: Don’t Go.”  The poster writes “such a statement may be easier [...]

Filed in Law School, Legal Profession | Also tagged , , , , | Comments (2)

Not Covered By LSAT Prep

Wednesday, September 26, 2007

My stack of to-be-written law school recommendations makes this Wall Street Journal headline especially timely: Hard Case: Job Market Wanes for U.S. Lawyers (Amir Efrati, The Wall Street Journal, 24-Sep-07 Page A1 Subscription Required). The story in a nutshell:

[T]he majority of law-school graduates are suffering from a supply-and-demand imbalance that’s suppressing [...]

Filed in Law School, Legal Profession | Also tagged , , , , | Comments (2)