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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.    

Liability Issues in Software Engineering: The Use of Formal Methods to Reduce Legal Uncertainties

This paper reports on the results of a multidisciplinary project involving lawyers and computer scientists with the aim to put forward a set of methods and tools to (1) define software liability in a precise and unambiguous way and (2) establish such liability in case of incident. The overall approach taken in the project is presented through an electronic signature case study. The case study illustrates a situation where, in order to reduce legal uncertainties, the parties wish to include in the contract specific clauses to define as precisely as possible the share of liabilities between them for the main types of failures of the system.

The Informatics Philharmonic

A system for musical accompaniment is presented in which a computer-driven orchestra follows and learns from a soloist in a concerto-like setting. The system's connections with machine learning are highlighted, showing current weaknesses and new possible directions.

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