Tag Archive
2011 Plus or Minus a Decade
End-of-year retrospectives are so over done! Let’s talk about how life has changed since 2000. And then to really make it exciting, I’ll give my predictions for what life will be like in 2021. We’ll start with an obvious one. 1. Flying became a bigger pain in the ass. I.e., the terrorists won... »
Humanity Lost on Jeopardy!
BREAKING: IBM’s question answering computer, Watson, defeats Jeopardy champions Ken Jennings and Brad Rutter! Not to detract from IBM’s achievement but I’m disappointed by the buzzer aspect of this. Background: Watson gets the question (or “clue” or “answer” as they call it on Jeopardy) as plain text at the same moment that the humans see... »
High-Frequency Trading and the Robot-Led Holocaust
Michael Wellman launched a blog this week. Yesterday he made an excellent point about market efficiency. Tyler Cowen had pooh-poohed the problem of high-frequency trading. Mike set him straight and suggested an elegant solution to the problem, namely call markets. But what about the value of... »
