A Pakistani garbage dump seems like an unlikely place to find a solution to extreme poverty. But then again, the group of students from Princeton and Rutgers universities who plan to convert garbage into hope is an unlikely team.
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In a result that may have implications for financial regulation, researchers from computer science and economics have revealed potentially impenetrable problems with the pricing of financial derivatives -- sellers of these investments could purposefully include pieces of bad risk that no buyer could detect, even with the most powerful computers.
