Sublime

whether and to what extent the emergent properties can be explained in terms of the elements of the lower level.

not vary.

J. Aaron Simmons

they experiment, they explore, they adjust, they readjust, but not just in terms of having some wondrous mathematical model of the situation and updating a parameter. They form a hypothesis, maybe they have multiple hypotheses or ideas about the situation they are in, and they put more belief in the ones that work over time and throw out hypotheses

There is no Newtonian law of markets; they are all ephemeral relationships in a sea of noise and the only way you can do that and capture non-linearity and complexity is with a system that is rich enough to be able to contain all the models, so a universal approximator—that’s what neural nets are—and allows you to do that.

I developed the governing impression that our minds are wonderful explanation machines, capable of making sense out of almost anything, capable of mounting explanations for all manner of phenomena, and generally incapable of accepting the idea of unpredictability.