May 2011 - Vol. 54 No. 5

May 2011 issue cover image

Features

Research and Advances Research highlights

Computational Complexity and Information Asymmetry in Financial Products

Securitization of cash flows using financial derivatives transformed the financial industry over the last three decades. Derivatives have attracted criticism, but others say problems with derivatives would disappear with use of more accurate financial models, more vigilance by buyers and better governmental oversight.    
Opinion Last byte

Puzzled: Games, Roles, Turns

Welcome to three new puzzles. Solutions to the first two will be published next month; the third is (as yet) unsolved. In each, the issue is how your intuition matches up with the mathematics.

Recent Issues

  1. November 2024 CACM cover
    November 2024 Vol. 67 No. 11
  2. October 2024 CACM cover
    October 2024 Vol. 67 No. 10
  3. September 2024 CACM cover
    September 2024 Vol. 67 No. 9
  4. August 2024 CACM cover
    August 2024 Vol. 67 No. 8