Especially from my experience as a quant in a hedge fund - I naively went in there thinking that I would be making the market more efficient and then was like, oh my God, I'm part of this terrible system that is blowing up the world's economy, and I don't want to be a part of that.
Cathy O'NeilPeople are starting to be very skeptical of the Facebook algorithm and all kinds of data surveillance.
Cathy O'NeilWe've learned our lesson with finance because they made a huge goddamn explosion that almost shut down the world. But the thing I realized is that there might never be an explosion on the scale of the financial crisis happening with big data.
Cathy O'NeilI wanted to prevent people from giving them too much power. I see that as a pattern. I wanted that to come to an end as soon as possible.
Cathy O'NeilIt's a standard thing you hear from startup people - that their product is somehow improving the world. And if you follow the reasoning, you will get somewhere, and I'll tell you where you get: You'll get to the description of what happens to the winners under the system that they're building.
Cathy O'Neil