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We have an alternative solution, ergodicity economics, which has replaced the expectation value of the operator on this random object with a time average, or time average growth.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
WHY PEOPLE DON’T SEE THE POWER LAW
Peter Thiel, Blake Masters • Zero to One
Ray Kurzweil • The Law of Accelerating Returns « the Kurzweil Library + collections
today governments have played virtually no role in the breakthroughs in “foundation models” that are revolutionizing computer science.
Audrey Tang • ⿻ 數位 Plurality: The Future of Collaborative Technology and Democracy
Polis shows the clusters of opinion that exist and highlights statements that bridge them. This approach facilitates both consensus formation and a better understanding of the lines of division.
Audrey Tang • ⿻ 數位 Plurality: The Future of Collaborative Technology and Democracy
Instead, when you have interest rates at zero, those scenarios become hugely important. If anything, fundamentally, the economy becomes much more of a gambling economy, because the future that has much bigger error bars becomes as important as the present where the error bars are much smaller. It’s not easy to deal with that.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
