Thursday, October 1, 2015

Quora quarter

Moral: Wherein we pay attention to passing time.

After all, today starts the 4th quarter of 2015. What happened yesterday, with the 3rd's close? Was not paying attention. Why? Well, was doing some Quora work. I had run across the site earlier; but, this summer, I paid closer attention. And, got pulled in. Below, I'll sketch out some thoughts related to this blog.

The first entry for me was in the latter part of July, so that makes it about 10 weeks. I could get the specific date in order to have the quarter by that. But, on second thought, July was the first month of the 3rd. So, I'll just say that I did two months and a week (or so) on Quora. Or, I could say that I got started a little over three weeks into the 3rd quarter.

Aside: I'll to a recap on all blogs, but, in general, Quora stimulates the brain in a different way than does blogging or other types of social media that I have used so far. We will look at that. There are the usual trivia questions; or, students try to get you to help them with their homework; or, inane topics and responses entrap the unwary. But, overall, it is a good experience.


In terms of Janet and money (why not use water as a basis?), a recent WSJ book review motivates the following bit of contemplation.
  • Markets, et al, are game based. How this evolved needs some explanation, but we're not going down that path, presently. 
  • As such, these markets reinforce the male-dominance pattern, as if we need this. Look, guys, and gals, we do not need that metaphor realized; as in, ideas procreate. 
  • So, prior to the advent of the computer, things got to some balanced point that was directly related to ability to dominate, as well as the agility in screwing over others (which is subterfuge, not domination). 
  • Since the computer, technology has been exploited to fill the pockets of those who run the game (which Ben and Janet support). 
  • Technical approaches, such as linear methods, made great way in this scheme of things. 
  • Then, techniques out of AI research came to fore. The book was touting backward propagation in the situation of neural networks as a means to implement inductive processes. 
So, as said earlier, none of this was foreseen by Adam Smith, our friend, who is rolling over in his grave due to the claims being put upon his name.


All along, the markets could make use of technology as it because available. In some cases, they may have driven the improvements. Not usually, though, as their whole thing is maximizing gains from the intake (as in, profit). And, the old guys paid and benefited. It was the younger set that brought in the stuff. The book reviewer said that he lost a student (machine learning) to a well-paying job. Turns out that pattern recognition has come quite far. Has its limits, though (to be discussed).

One thing the reviewer wrote was that the back-propagating neural network had lots of data to work with. Yet, from the underbelly up, the whole things stinks. This big daddy data could not tell you.

Remarks:  Modified: 11/21/2015

11/16/2015 -- Question: What are the most shocking truths about macro economics at the global level?

11/21/15 -- Why-does-the-Islamic-banking-system-not-charge-interest-on-loans-and-advances-What-are-their-alternative-sources-of-revenue?

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