Data doesn’t always expose and explain, it can also lead us astray. OTM producer Jamie York looks at two time in the recent past when an overreliance on data has had disastrous consequences. Joe Flood, author of The Fires and Dennis Smith, author and veteran firefighter tell the story of the RAND Corporation and the fires in the Bronx in the 1970’s. And Scott Patterson, author of The Quants and Michael Lewis, author of The Big Short, explain how math and science whiz kids nearly destroyed Wall Street.
Michael Lewis gives an account of how the U.S. economy was driven over the cliff. His latest book The Big Short: Inside the Doomsday Machine, is an insider’s view of the people behind the financial collapse—the villains, a few heroes, and those who look very foolish: high government officials, ...
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