https://en.wikipedia.org/wiki/Long-Term_Capital_Management ??
Edit: Due to the swift downvotes, let me elaborate. I am not saying this will be the case, I just think that philosophically, blind reliance on algorithms can be catastrophic.
Edit: Due to the swift downvotes, let me elaborate. I am not saying this will be the case, I just think that philosophically, blind reliance on algorithms can be catastrophic.
And in other places, basic algorithms smash human judgement:
https://www.amazon.com/Clinical-Versus-Statistical-Predictio...