Title: The Fear Index
Author: Robert Harris
Publisher: Knopf, 2012
Summary/Review: If you like to read about the stock market,financial markets worldwide, and are concerned about the gyrations in the markets caused by computers using mathematical formulas for lightning fast trades (Remember the flash crash?) then this work of fiction is for you.
Dr. Alex Hoffmann, the main character, is a mathematical genius and is obsessed with artificial intelligence. When he is unable to continue his work at CERN(due to a mental breakdown), he turned to the development of a form of artificial intelligence, VIXAL, that utilizes a set of algorithms to buy and sell financial instruments based on what in reality is known as the VIX or volatility index, otherwise known as “the fear index”. The computers monitor events worldwide, and when the sense “fear” they will buy or sell — depending on the situation. Dr. Hoffmann and his hedge fund company become ultra-rich and everyone is very happy with the working of VIXAL– until events start to go terribly wrong – starting with an intruder at Hoffmann’s home.
At the beginning of each chapter there is a quotation from Charles Darwin’s Origen of the Species– a work about evolution and natural selection. At first you may not make the connection between the twists and turns of the plot and the quotation, but as you near the end of the book you realize WHAT has been evolving right under the nose of Dr. Hoffmann.
Recommended by: Sue Z, Reference Librarian
Who will like this?: Those who are interested in Artificial Intelligence and its impact on human life. Those who are looking for a thriller with lots of twists and turns.
If you like this, try this: If you liked Robert Harris’ writing, he has a number of other books such as “The Ghost” and “Lustrum”. If the topic of Artificial Intelligence interests you, try the classic “2001: A Space Odyssey” by Arthur Clarke or “I, Robot” by Isaac Asimov.
If you are trying to break into the science fiction genre, try the classic “Ender’s Game” by Orson Scott Card or “Fahrenheit 451” by Ray Bradbury. More recent science fiction includes the Hunger Games series by Suzanne Collins or “Insurgent” by Veronica Roth.
If this looks like a book you’d like to read, visit the Fairfield Public Library catalog to see if it’s available and to place a hold!