^TagWisdom of Crowds (book)

Metaverse world NFT Art Gallery Avatars and VR Glasses 3D Illustrations

^{Type
post

Author
News
Date
August 23, 2022

Categorized
Business and Finance, Cryptocurrency, Economics

Tagged
Adam Goad, Austin Egbert, Decentralized Autonomous Organizations (DAOs), Featured, hype curve, Jelly beans as crowd wisdom illustration, Non-Computable You (book), Non-fungible token (NFT), Non-fungible tokens (as membership), Robert J. Marks, Wisdom of Crowds (book)}

Are NFTs a Bubble That Has Just Plain Popped for Good?

_{Despite the crypto crash, they seem to be developing a life of their own — in ticket sales, for example} _{News

August 23, 2022

12

Business and Finance, Cryptocurrency, Economics}

Here’s the first part of Episode 3 of the discussion between computer engineering prof Robert J. Marks and computer engineering grad students Adam Goad and Austin Egbert on that wild new online world. They’ve been discussing what gives NFTs (non-fungible tokens) their value. Now, in “The NFT Anti-bubble” (August 18, 2022), they are looking at how NFTs are faring in the vast crypto crater. What still sells?: https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-200-Adam-Goad-Austin-Egbert.mp3 This portion begins at 00:15 min. A partial transcript, notes, and Additional Resources follow. Robert J. Marks: We have talked about non-fungible tokens kind of hitting the skids. Is this a bubble pop? Are non-fungible tokens going to disappear as kind of an interesting thing in history? Or are they going to Read More ›

^{Type
post

Author
Gary Smith
Date
November 23, 2020

Categorized
Business and Finance, Economics, Mathematics

Tagged
Andrew Capron, Dot-com bubble, Featured, Francis Galton, Jack Treynor, Jelly bean experiment, Marcus Lee, Planet Money (radio), South Sea Bubble, Statistics, Steve Jobs, Tulip Bubble, Warren Buffett, Wisdom of Crowds (book)}

The Wisdom of Crowds: Are Crowds Really Wiser Than Individuals?

_{According to the theory, with a large number of guessers, the median number is very likely to be close to the true value} _{Gary Smith

November 23, 2020

9

Business and Finance, Economics, Mathematics}

Statistician Sir Francis Galton went to a country fair in 1907 where a prize was to be awarded to the person who made the most accurate guess of the butchered weight of an ox that was on display. Galton collected and analyzed the 787 guesses and, not surprisingly, found that some guesses were far too high and others were much too low. However, the average guess (1,197 pounds) was only 1 pound lower than the actual weight (1,198 pounds). The average was more accurate than the guesses of the vast majority of both the amateurs and the experts. In the 1980s, a finance professor named Jack Treynor (1930–2016) performed a similar, and now legendary, experiment with jelly beans. Professor Treynor Read More ›

Shaved male nape and a lot of usb cables connected to it. Concept of dependence in thinking and information

^{Type
post

Author
News
Date
July 14, 2020

Categorized
Artificial Intelligence, Ethics, Neuroscience, Philosophy of Mind

Tagged
___longform, Bagging, Boosting, David Watson, Deep neural networks (DNNs), Lasso penalties, Wisdom of Crowds (book)}

AI Expert: Artificial Intelligences Are NOT Electronic People

_{AI makes mistakes no human makes, so some experts are trying to adapt human cognitive psychology to machines} _{News

July 14, 2020

9

Artificial Intelligence, Ethics, Neuroscience, Philosophy of Mind}

David Watson of the Oxford Internet Institute and the Alan Turing Institute has published an interesting and quite readable paper in Minds and Machines on the way in which artificial intelligence experts often endow their creations — mistakenly — with human characteristics. In his open access paper, “The Rhetoric and Reality of Anthropomorphism in Artificial Intelligence,” he fills us in on some of the limitations of AI and proposes fixes based on human thinking. First, thinking that AI is like a human or about to become like a human is not new: The biomimetic approach to AI has always inspired the popular imagination. Writing about Rosenblatt’s perceptron, the New York Times declared in 1958 that “The Navy has revealed the Read More ›

^{Type
post

Author
Analysis
Date
October 15, 2019

Categorized
Social Media, Technocracy

Tagged
Big Data, Chris Anderson, Clay Shirky, Here Comes Everybody (book), James Surowiecki, The End of Theory (article), Web 2.0, Wisdom of Crowds (book)}

The Golden Age of the Web?—A Dissent

_{What happened to the collaborative culture, decentralized markets, and wisdom of crowds that bestsellers prophesied fifteen years ago?} _{Analysis

October 15, 2019

7

Social Media, Technocracy}

Remembering the prophecies for the web in the halcyon days of ten or (better) fifteen years ago is strangely painful and disorienting, like a hangover, largely because we so silently abandoned its ideals.