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Recent news of celebrities exercising a put option on life, apparently sub-optimally, has to be understood in a larger context. If the individual's expectation of aggregate utility from the point of decision to the expiry of the put is negative and deterministic, the exercise is optimal from her viewpoint. In a free society, the individual's optimum decision has to be upheld over society's desires.
However, if the individual's expectations are wrong or they are motivated by incorrect assumptions, then both the individual and society lose simultaneously. The solution to this rising epidemic is not tactical intervention but rather a strategic analysis of decision processes that lead individuals to a point of no turning back. One important area of further research is the struggle between the left and right brain processes. If the left brain dominates this negotiation, a linear and logical assimilation of known information, leading to a set of assumptions and subsequently an estimation of aggregate remaining utility, it may provide a deterministic or low volatility answer. In this case, the individual may incorrectly perceive an optimum exercise horizon. It appears that one solution is to re-engage the right brain more forcibly into the conversation. As humanity move faster toward a technology-led society where predictability is increasing, it is possible that left brain dominance will continue to increase. The accelerated growth in suicide rates in developed countries is a symptom of this phenomenon. The solution is the nourishment of the right brain and the imposition of possible penalties for left brain dominance. An objective function that is primarily driven by materialism and ego, will continue to favor the left brain. The goal for societies, then, is to nourish complete individuals and not efficient humanoids. To do this, one has to get away from conventional and precise metrics and embrace uncertainty more fundamentally. Humans, lining up on a conveyor belt to nowhere that appears to go ever faster, may want to look over the horizon and into the heavens, for inspiration. Read more: http://www.scientificsense.com/2018/06/the-naked-put.html#ixzz5HyCHiOMh Under Creative Commons License: Attribution
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A recent article (1) that demonstrates how neural networks could be used to approximate light scattering by nanoparticles is an interesting new direction. We appear to be approaching a regime in which prescriptive analytical solutions and conventional simulation become inferior to deep learning. This is exciting but it also presents a huge downside for the advancement of abstract knowledge. Models that show robust outcomes are welcome but a generation of new scientists, prone to taking to the machine to prove hypotheses, by feeding them small samples of historical data, could dampen theoretical advancement not only in Physics but also in other areas.
This struggle between empiricism and rationalism has been with humans from inception. Did they survive by predicting where the lion is likely to be by using historical data of previous (bad) outcomes or did they rationalize by abstracting the expected behavior of the animal? Did they predict when an animal is likely to attack by using historical data on the timing of previous attacks or did they understand the animal's incentives and available alternatives? Did they migrate incrementally by using predictions, originating from previous short excursions, or did they go boldly where no woman had ever gone? Were our ancestors empiricists or rationalists? It is difficult to ascertain one way or the other. It appears that empiricism has been a hidden attribute in our psyche for long. Till the advent of computers, rationalism appears to have dominated but since then, empiricism has been on a steep rise. In Physics, they now collect and stream data to find "new particles," without even asking why such observations are important. In medicine, they "high throughput screen" looking for the needle in the haystack, without a clear understanding of the mechanism of action. In economics, they regress data to find insights without asking whether they are insights at all. There is likely no stopping the trend. As computers get more powerful, empiricism will become ever more dominant. If this is a natural outcome of evolution, then, advanced societies elsewhere (if they do exist) would be asymptomatically approaching pure empiricism for knowledge generation. That could be there Achille's heal as it also means that their knowledge is dependent on the past. A planet full of robots, with no ability to abstract but with an infinite capacity to learn from the past, could be highly inefficient. Would humans retain inefficient qualities of being a human? It seems unlikely. (1) http://advances.sciencemag.org/content/4/6/eaar4206.full Read more: http://www.scientificsense.com/2018/06/deeper-learning.html#ixzz5HJUCR99I Under Creative Commons License: Attribution |
AuthorGill Eapen is the author of Scientific Sense, a global blog that attracts readers from over 150 countries Archives
January 2020
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