The financial system is a giant message passing algorithm. It is pretty much just a min-sum algorithm [1] whose sole purpose is to answer the question "what should we do?". Anyone who has played around with these algorithms for solving decoding problems knows that they are fabulously powerful. But these message passing algorithms have two weaknesses: (A) When there is more than one solution (B) When there are small l…
> The financial system is a giant message passing algorithm. It is pretty much just a min-sum algorithm [1] whose sole purpose is to answer the question "what should we do?". no, no no. To even propose that the answer to the question of "what should we do?" can be solved by the financial system is laughable; that is pure free-market absolutism. The anwer to the question "what should we do?" is _political_ . Let us no…
Algorithms Have Already Gone Rogue
131–140 of 165 posts
Re: Algorithms Have Already Gone Rogue
#132My only objection to this is a semantic one -- the word "algorithm" is not being well-served here. The correct word for this sort of thing is "heuristic". The concern isn't that algorithms themselves are incorrect, the concern is that the problem they are trying to solve is a heuristic one, not a formal one. Saying "let's write an algorithm to improve search results" is meaningless; "let's design and implement a heur…
One of the most egregious misuses of "algorithm", in my opinion, is the term "genetic algorithms". Not only are these not algorithms in the strict sense, but referring to the procedures as "genetic heuristics" or "genetic search" would be much clearer.
Re: Algorithms Have Already Gone Rogue
#133The financial system is a giant message passing algorithm. It is pretty much just a min-sum algorithm [1] whose sole purpose is to answer the question "what should we do?". Anyone who has played around with these algorithms for solving decoding problems knows that they are fabulously powerful. But these message passing algorithms have two weaknesses: (A) When there is more than one solution (B) When there are small l…
"(B) When there are small loops in the message network" Can you elaborate a real-world example of this for the layperson ? 50k foot view is fine :)
> Can you elaborate a real-world example of this for the layperson ? 50k foot view is fine :)
Re: Algorithms Have Already Gone Rogue
#134> financial markets are the first rogue AI How about this idea: the first rogue AI was language . In terms of AI as a compositional system for storing meaning, I think this might be a reasonable position to take. Yes people, we've been playing this game for a very long time...
Re: Algorithms Have Already Gone Rogue
#135Earlier quoted context omitted.
Well, I think you give people too little credit. Nobody can stand passively watching TV the entire day every day of their lives. But even if you aren't, why would it bother you? If other people want to waste their lives on a coach in front of the TV, what makes this wrong?
> Nobody can stand passively watching TV the entire day every day of their lives. People keep saying this but directly contradicts the observed experience of the vast majority of people.
There are three main hobbies in my hometown: drinking, heroin, and TV. things haven't changed a bit there in 20 years because nobody cares to change anything.
Re: Algorithms Have Already Gone Rogue
#136Earlier quoted context omitted.
> The financial system is a giant message passing algorithm. It is pretty much just a min-sum algorithm [1] whose sole purpose is to answer the question "what should we do?". no, no no. To even propose that the answer to the question of "what should we do?" can be solved by the financial system is laughable; that is pure free-market absolutism. The anwer to the question "what should we do?" is _political_ . Let us no…
Downvoters, explain your logic please
Myself, I don't think that you can untangle (even in your mind) the mess that is the market (financial system, really) from the mess that is the government. They're called "voting dollars" for a reason.
I prefer to just refer to the whole big mess as "The System".
As for downvotes, I don't think they add any value to the site except to encourage groupthink, and you're better off ignoring them. Or take them as a hint that you might be on to something! :)
Re: Algorithms Have Already Gone Rogue
#137My only objection to this is a semantic one -- the word "algorithm" is not being well-served here. The correct word for this sort of thing is "heuristic". The concern isn't that algorithms themselves are incorrect, the concern is that the problem they are trying to solve is a heuristic one, not a formal one. Saying "let's write an algorithm to improve search results" is meaningless; "let's design and implement a heur…
Heuristic problems are simply problems that aren't yet formally understood. I don't think it's meaningless to use "algorithm" in the examples you cite, as long as its understood that a good algorithmic solution requires a good model of the actual problem being solved.
Re: Algorithms Have Already Gone Rogue
#138Earlier quoted context omitted.
Here's the most important loop that's been driving up staggering wealth inequality in our lifetimes: - Corporations and the ultra-rich tend to be the ones who try to profit-maximize the most (because people who care about other things, don't work as hard to accumulate wealth, and because corporations that profit-maximize the best tend to survive and grow better) - National governments since WW2 had done a decent job…
That's not the result of 'loops in the network'. That's the result of the memory effect of wealth. See, this is the problem with handwavy gibberish.
I'm not sure if you're intending to be ironic, but you've achieved a gold star for irony nonetheless. Google "memory effect of wealth" to see if you come up with any meaningful, non-handwavy definition if your post was actually sincere.
Re: Algorithms Have Already Gone Rogue
#139Earlier quoted context omitted.
I write a faulty policy that harms people. I encode it as an algorithm, implement it as a program, and deploy it on a wide scale. Now it's automated and distributed, and it is harming people. Where is the fault --- in the program? in the algorithm? Or in the policy? Where do we fix the problem? IMO, we are quick to blame inanimate constructs, when people and their policies are the source of fault. Vilifying "algorith…
The argument I'm making is that when it comes to "human systems" like communities it's not possible to write a complete, consistent, and fair policy that can be unambiguously interpreted (i.e. by a computer). This is why Hacker News still has moderators and is not strictly governed by algorithms. "Fairness" has always been heavily contextual, and the idea that it can be distilled to a matter of "if A and B then C" is…
Re: Algorithms Have Already Gone Rogue
#140Earlier quoted context omitted.
That's been bothering me, the word "algorithm" is slowly becoming known as this ambiguously scary thing.
Everyday people couldn't even tell you the definition of "algorithm", even then, they wouldn't recognize that algorithms are not only encoded into chips but also business process, legal compliance, etc.