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Javier E

Huffington Post in Limbo at Verizon - NYTimes.com - 0 views

  • The Huffington Post sits at the center of a phenomenon that some describe as the birth of a new media establishment: Several digital start-ups, including BuzzFeed and Vice, are trying to upend news presentation the way cable channels encroached on broadcast television in the 1980s. By that measure, some in the industry say, $1 billion is a reasonable valuation for a site with more than 200 million unique visitors a month, and acquiring it is a smart play for Verizon as it follows other communications companies, like Comcast, in owning its own content.
  • Others see, instead, a frothy market that has led to overly high valuations for media companies, based largely on branding and a relentless focus on audience development techniques. Photo
  • According to a document published in 2013 by the website The Smoking Gun, The Huffington Post was expected to generate $60 million in revenue in 2011, when AOL bought it, with $10 million in Ebitda (earnings before interest, tax, depreciation and amortization) growing to $165 million in revenue and $58 million in Ebitda by 2013. People with knowledge of its current finances said that its annual revenue is now in the hundreds of millions, and that its profitability depends on how generously its recent investments in a global expansion and video are assessed.
carolinewren

Study finds news media may influence racial bias | WBFO - 0 views

  • news media may influence racial bias.
  • there's already a focus of crime in local television news but of that crime African Americans tend to be over represented compared to their actual crime rates. So I began to think, well if this is going on, if we're seeing a lot of negative stereotypes within the news media, what are the lasting impacts of that over time?" 
  • "There's been a lot of research done that generally suggested that African Americans are over represented as criminals on the news,"
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  • The study found viewers who watch more local TV news demonstrate more unconscious negative attitudes toward African Americans.
  • Implicit Association Test to approach the question to determine if there may be an unconscious bias at play. The Implicit Association Test is a word association test
  • "You actually have images of African Americans and Caucasians flashed on the screen with words that you have to sort. Sometimes good words will be sorted with African American, sometimes good will be sorted with Caucasian and same with bad. What you find is generally people who are bias, it takes them longer to pare what good is supposed to be with African American than good with Caucasian. So that gets a hidden connection in the mind where negativity is generally associated with African Americans and positivity generally associated with being Caucasians."
Javier E

Owner of a Credit Card Processor Is Setting a New Minimum Wage: $70,000 a Year - NYTime... - 1 views

  • Mr. Price surprised his 120-person staff by announcing that he planned over the next three years to raise the salary of even the lowest-paid clerk, customer service representative and salesman to a minimum of $70,000.
  • Mr. Price, who started the Seattle-based credit-card payment processing firm in 2004 at the age of 19, said he would pay for the wage increases by cutting his own salary from nearly $1 million to $70,000 and using 75 to 80 percent of the company’s anticipated $2.2 million in profit this year.
  • his unusual proposal does speak to an economic issue that has captured national attention: The disparity between the soaring pay of chief executives and that of their employees.
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  • The United States has one of the world’s largest pay gaps, with chief executives earning nearly 300 times what the average worker makes, according to some economists’ estimates. That is much higher than the 20-to-1 ratio recommended by Gilded Age magnates like J. Pierpont Morgan and the 20th century management visionary Peter Drucker.
  • “The market rate for me as a C.E.O. compared to a regular person is ridiculous, it’s absurd,” said Mr. Price, who said his main extravagances were snowboarding and picking up the bar bill. He drives a 12-year-old Audi
  • Under a financial overhaul passed by Congress in 2010, the Securities and Exchange Commission was supposed to require all publicly held companies to disclose the ratio of C.E.O. pay to the median pay of all other employees, but it has so far failed to put it in effect. Corporate executives have vigorously opposed the idea, complaining it would be cumbersome and costly to implement.
  • Of all the social issues that he felt he was in a position to do something about as a business leader, “that one seemed like a more worthy issue to go after.”
  • The happiness research behind Mr. Price’s announcement on Monday came from Angus Deaton and Daniel Kahneman, a Nobel Prize-winning psychologist. They found that what they called emotional well-being — defined as “the emotional quality of an individual’s everyday experience, the frequency and intensity of experiences of joy, stress, sadness, anger, and affection that make one’s life pleasant or unpleasant” — rises with income, but only to a point. And that point turns out to be about $75,000 a year.
  • Of course, money above that level brings pleasures — there’s no denying the delights of a Caribbean cruise or a pair of diamond earrings — but no further gains on the emotional well-being scale.
  • As Mr. Kahneman has explained it, income above the threshold doesn’t buy happiness, but a lack of money can deprive you of it.
Javier E

How to Invent a Person Online - Curtis Wallen - The Atlantic - 2 views

  • Social networks and data brokers use algorithms and probabilities to reconstruct our identities, and then try to influence the way we think and feel and make decisions.
  • t’s not an exaggeration to say everything you do online is being followed. And the more precisely a company can tailor your online experience, the more money it can make from advertisers.
  • After Edward Snowden’s leaks about NSA surveillance, Tucker and Marthews found, the frequency of these sensitive search terms declined—suggesting that Internet users have become less likely to explore "search terms that they [believe] might get them in trouble with the U.S. government." The study also found that people have become less likely to search "embarrassing" topics
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  • In other words, people are doing their best to blend in with the crowd.
  • The challenge of achieving true anonymity, though, is that evading surveillance makes your behavior anomalous—and anomalies stick out. As the Japanese proverb says, "A nail that sticks out gets hammered down." Glenn Greenwald explained recently that simply using encryption can make you a target. For me, this was all the more motivation to disappear.
  • For those of us who feel confident that we have nothing to hide, the future of Internet security might not seem like a major concern. But we underestimate the many ways in which our online identities can be manipulated.
  • The U.S. Department of Defense has also figured out how influential Facebook and Twitter can be. In 2011, it announced a new “Social Media in Strategic Communication” (SMISC) program to detect and counter information the U.S. government deemed dangerous. “Since everyone is potentially an influencer on social media and is capable of spreading information,” one researcher involved in a SMISC study told The Guardian, “our work aims to identify and engage the right people at the right time on social media to help propagate information when needed.”
  • Private companies are also using personal information in hidden ways. They don’t simply learn our tastes and habits, offering us more of what want and less of what we don’t. As Michael Fertik wrote in a 2013 Scientific American article titled “The Rich See a Different Internet Than the Poor,” credit lenders have the ability to hide their offers from people who may need loans the most. And Google now has a patent to change its prices based on who’s buying. 
  • It is essentially impossible to achieve anonymity online. It requires a complete operational posture that extends from the digital to the physical. Downloading a secure messaging app and using Tor won’t all of a sudden make you “NSA-proof.” And doing it right is really, really hard.
  • Weighing these trade-offs in my day-to-day life led to a few behavioral changes, but I have a mostly normal relationship with the Internet—I deleted my Facebook account, I encrypt my emails whenever I can, and I use a handful of privacy minded browser extensions. But even those are steps many people are unwilling, or unable, to take.
grayton downing

Lost in Translation | The Scientist Magazine® - 0 views

  • excessive reporting of positive results in papers that describe animal testing of potential therapies, just like the publishing bias seen in clinical research, according to a paper published today
  • We know publication bias happens a lot in clinical trials,” said Torgerson, “so I was surprised at myself for being surprised at the results, because of course, if it happens in human research, why wouldn’t it happen in animal research?”
  • his suspicions about publication bias by performing a statistical meta-analysis of thousands of reported animal tests for various neurological interventions—a total of 4,445 reported tests of 160 different drugs and other treatments for conditions that included Alzheimer’s disease, Parkinson’s disease, brain ischemia, and more.
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  • One, as mentioned, is the suppression of negative results. The second is selective reporting of only the statistical analyses of data that provide a significant score. “Practically any data set, if it is tortured enough, will confess, and you will get a statistically significant result,”
  • , a publication bias “almost certainly” applies in other areas of preclinical research,
  • he suggested that a forum where investigators can deposit neutral or negative results in the form of articles, should be established to ensure that such findings are in the public arena and not hidden. This should help prevent other researchers from pursuing fruitless avenues of research, he said, “which is a waste of animals and a waste of research money.” Not to mention a risk to people enrolled in potentially pointless trials.
Javier E

The M.I.T. Gang - The New York Times - 0 views

  • what distinguishes M.I.T. economics, and why does it matter? To answer that question, you need to go back to the 1970s, when all the people I’ve just named went to graduate school.
  • At the time, the big issue was the combination of high unemployment with high inflation. The coming of stagflation was a big win for Milton Friedman, who had predicted exactly that outcome if the government tried to keep unemployment too low for too long; it was widely seen, rightly or (mostly) wrongly, as proof that markets get it right and the government should just stay out of the way
  • Or to put it another way, many economists responded to stagflation by turning their backs on Keynesian economics and its call for government action to fight recessions.
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  • At M.I.T., however, Keynes never went away. To be sure, stagflation showed that there were limits to what policy can do. But students continued to learn about the imperfections of markets and the role that monetary and fiscal policy can play in boosting a depressed economy.
  • And the M.I.T. students of the 1970s enlarged on those insights in their later work. Mr. Blanchard, for example, showed how small deviations from perfect rationality can have large economic consequences; Mr. Obstfeld showed that currency markets can sometimes experience self-fulfilling panic.
  • This open-minded, pragmatic approach was overwhelmingly vindicated after crisis struck in 2008. Chicago-school types warned incessantly that responding to the crisis by printing money and running deficits would lead to 70s-type stagflation, with soaring inflation and interest rates. But M.I.T. types predicted, correctly, that inflation and interest rates would stay low in a depressed economy, and that attempts to slash deficits too soon would deepen the slump.
  • The truth, although nobody will believe it, is that the economic analysis some of us learned at M.I.T. way back when has worked very, very well for the past seven years.
  • But has the intellectual success of M.I.T. economics led to comparable policy success? Unfortunately, the answer is no.
  • True, there have been some important monetary successes. The Fed, led by Mr. Bernanke, ignored right-wing pressure and threats — Rick Perry, as governor of Texas, went so far as to accuse him of treason — and pursued an aggressively expansionary policy that helped limit the damage from the financial crisis. In Europe, Mr. Draghi’s activism has been crucial to calming financial markets, probably saving the euro from collapse. Continue reading the main story 215 Comments
  • On other fronts, however, the M.I.T. gang’s good advice has been ignored. The I.M.F.’s research department, under Mr. Blanchard’s leadership, has done authoritative work on the effects of fiscal policy, demonstrating beyond any reasonable doubt that slashing spending in a depressed economy is a terrible mistake, and that attempts to reduce high levels of debt via austerity are self-defeating. But European politicians have slashed spending and demanded crippling austerity from debtors anyway.
  • Meanwhile, in the United States, Republicans have responded to the utter failure of free-market orthodoxy and the remarkably successful predictions of much-hated Keynesians by digging in even deeper, determined to learn nothing from experience.
  • being right isn’t necessarily enough to change the world. But it’s still better to be right than to be wrong, and M.I.T.-style economics, with its pragmatic openness to evidence, has been very right indeed
Javier E

'He's Jesus Christ' - The New York Times - 0 views

  • He is driven, he says, by his Catholic faith. “I’ve been given benefits from the day I was born,” he says. “A loving family. A great education. So I see it as an obligation, as a Christian and as a human being, to help.”
  • There also are many, many secular aid workers doing heroic work. But the people I’ve encountered over the years in the most impossible places — like Nuba, where anyone reasonable has fled — are disproportionately unreasonable because of their faith.
  • Certainly the Nubans (who include Muslims and Christians alike) seem to revere Dr. Tom.
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  • “People in the Nuba Mountains will never forget his name,” said Lt. Col. Aburass Albino Kuku of the rebel military force. “People are praying that he never dies.”
  • A Muslim paramount chief named Hussein Nalukuri Cuppi offered an even more unusual tribute.“He’s Jesus Christ,” he said. Continue reading the main story Write A Comment Er, pardon?The chief explained that Jesus healed the sick, made the blind see and helped the lame walk — and that is what Dr. Tom does every day.You needn’t be a conservative Catholic or evangelical Christian to celebrate that kind of selflessness. Just human.
Javier E

Psychology Is Not in Crisis - The New York Times - 0 views

  • Suppose you have two well-designed, carefully run studies, A and B, that investigate the same phenomenon. They perform what appear to be identical experiments, and yet they reach opposite conclusions. Study A produces the predicted phenomenon, whereas Study B does not. We have a failure to replicate
  • Does this mean that the phenomenon in question is necessarily illusory? Absolutely not. If the studies were well designed and executed, it is more likely that the phenomenon from Study A is true only under certain conditions. The scientist’s job now is to figure out what those conditions are, in order to form new and better hypotheses to test.
  • Much of science still assumes that phenomena can be explained with universal laws and therefore context should not matter. But this is not how the world works. Even a simple statement like “the sky is blue” is true only at particular times of day, depending on the mix of molecules in the air as they reflect and scatter light, and on the viewer’s experience of color. Continue reading the main story Write A Comment
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  • Science is not a body of facts that emerge, like an orderly string of light bulbs, to illuminate a linear path to universal truth. Rather, science (to paraphrase Henry Gee, an editor at Nature) is a method to quantify doubt about a hypothesis, and to find the contexts in which a phenomenon is likely. Failure to replicate is not a bug; it is a feature. It is what leads us along the path — the wonderfully twisty path — of scientific discovery.
Javier E

Why a Harvard Professor Has Mixed Feelings When Students Take Jobs in Finance - NYTimes... - 0 views

  • Many of the best students are not going to research cancer, teach and inspire the next generation, or embark on careers in public service. Instead, large numbers are becoming traders, brokers and bankers. At Harvard in 2014, nearly one in five students who took a job went to finance. For economics majors, the number was closer to one in two.
  • arbitrage is valuable only to a point. It has a gold rush element with prospectors racing to get to the gold first. While finding gold has value, finding gold before someone else does is mainly rent-seeking.
  • I wonder: Is this a good decision for society as a whole?
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  • As an economist, I look at it this way: Every profession produces both private returns — the fruits of labor that a person enjoys — and social returns — those that society enjoys. If I set up a shop on Etsy selling photographs, my private returns may be defined as the revenue I generate. The social returns are the pleasure that my photographs provide to my customers.
  • People in some professions provide a surplus of social returns. Inventors are a good example. Take the modern semiconductor. It made possible countless other inventions — nearly every piece of computing we interact with today.
  • countries suffer when talented people become what we economists call “rent seekers.” Instead of creating wealth, rent seekers simply transfer it — from others to themselves.
  • Job titles don’t tell you whether someone is primarily a rent seeker. A lawyer who helps draft precise contracts may actually be helping the wheels of commerce turn, and so creating wealth. But trial lawyers in a country with poorly functioning tort systems may simply be extracting rents: They can make money by pursuing frivolous lawsuits.
  • In this respect, finance is a vexing industry.
  • I can’t help wondering: Is this the best use of talent?
  • Booth, have shown in a study how extreme this financial gold rush has become in at least one corner of the financial world. From 2005 to 2011, they found that the duration of arbitrage opportunities in the Chicago Mercantile Exchange and the New York Stock Exchange declined from a median of 97 milliseconds to seven milliseconds
  • correcting mispricing at this speed is unlikely to have any real social benefit: What serious investment is being guided by prices at the millisecond level? Short-term arbitrage, while lucrative, seems to be mainly rent-seeking.
  • This kind of rent-seeking behavior is widespread in other parts of finance. Banks sometimes make money by using hidden fees rather than adding true value. Debt collection agencies may use unscrupulous practices. Lenders to poor people buying used cars can make profits with business models that encourage high rates of default — making money by taking advantage of people’s overconfidence about what cars they can afford and by repossessing vehicles. These kinds of practices may be both lucrative — and socially pernicious.
  • The poor face a tremendous problem every day juggling money and expenses. Their pay often fluctuates week by week, yet they must pay rent no matter what they earn. Right now, poor people often use expensive payday loans or must incur expensive late fees.
  • Surely we could do better. Finding ways to smooth out these shocks is the kind of important, socially valuable problem that finance could solve. Many other crucial social problems have finance at their root, from saving for college to insuring unemployment risk.
  • Instead of finding clever ways to hide fees, banking innovations could solve these real and important problems.
  • So how should I feel about my students going into finance? I hope they realize that they have the potential to do great good and not simply make money. It may not be how the industry is structured now, but idealism and inventiveness are two of the best traits of youth, and finance especially could use them.
Javier E

Mario Vargas Llosa On The History And Future Of Literature | The New Republic - 0 views

  • literature's unrealities, literature's lies, are also a precious vehicle for the knowledge of the most hidden of human realities. The truths that it reveals are not always flattering; and sometimes the image of ourselves that emerges in the mirror of novels and poems is the image of a monster. This happens when we read about the horrendous sexual butchery fantasized by de Sade, or the dark lacerations and brutal sacrifices that fill the cursed books of Sacher-Masoch and Bataille. At times the spectacle is so offensive and ferocious that it becomes irresistible. Yet the worst in these pages is not the blood, the humiliation, the abject love of torture; the worst is the discovery that this violence and this excess are not foreign to us, that they are a profound part of humanity.
  • prophecy
Keiko E

Brian Greene: A Physicist Explains 'The Hidden Reality' Of Parallel Universes : NPR - 0 views

  • There are only so many ways matter can arrange itself within that infinite universe. Eventually, matter has to repeat itself and arrange itself in similar ways. So if the universe is infinitely large, it is also home to infinite parallel universes.
  • Greene thinks the key to understanding these multiverses comes from string theory, the area of physics he has studied for the past 25 years. In a nutshell, string theory attempts to reconcile a mathematical conflict between two already accepted ideas in physics: quantum mechanics and the theory of relativity.
Javier E

David Brooks on The Social Animal: Interview - The Daily Beast - 0 views

  • who we are is largely determined by the hidden workings of our unconscious minds. Everything we do in life—the careers we choose; even, on a deeper level, the way we experience and perceive the sensation of being alive—emerges from an infinitely complex neuronal network sending out signals (Brooks calls them “scouts”) that, largely unknown to us, assess and determine our behavior. Insights, information, responses to stimuli are governed by our emotions, a rich repository of thoughts and feelings that courses just beneath the surface of our conscious minds. They are “mental sensations that happen to us.”
  • Behind the elaborate theorizing is Brooks’s desire to articulate a universal feeling: that all of us are caught up in what he calls “the loneliness loop.” We yearn for “community”; we have “the urge to merge.” When two people are having an intense conversation, their breathing synchronizes; laughing to-gether creates a feeling of joy; soldiers drilling in unison experience a surge of power. What drives us, ultimately, is the need to be understood by others.
  • Brooks has always been more of a public intellectual than a pundit, driven by genuine curiosity about human beings and the world.
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  • Writing The Social Animal has been an exhilarating journey. “The scientists I’ve spent the last three years talking to are truth seekers, unlike people [in Washington]. They’re not technical materialists. They love Henry and William James. They’ve helped me see how the power of deep ideas changes the way you think. It was part of my idea to go down, down, down, to look at moral and spiritual creativity, the deepest issues. You learn the importance of culture, of history—some of the deep knowledge that comes from Plato and Aristotle. Philosophy and theology are telling us less than they used to. Scientists and researchers are leaping in where these disciplines atrophy—they’re all drilling down into an explanation of what man is.”
  • “I have the sense it’s a big intellectual moment. You feel the heat. It’s like Silicon Valley in the ’90s.”
Javier E

What's a Metaphor For? - The Chronicle Review - The Chronicle of Higher Education - 0 views

  • New research in the social and cognitive sciences makes it increasingly plain that metaphorical thinking influences our attitudes, beliefs, and actions in surprising, hidden, and often oddball ways.
  • "Metaphor conditions our interpretations of the stock market and, through advertising, it surreptitiously infiltrates our purchasing decisions. In the mouths of politicians, metaphor subtly nudges public opinion; in the minds of businesspeople, it spurs creativity and innovation. In science, metaphor is the preferred nomenclature for new theories and new discoveries; in psychology, it is the natural language of human relationships and emotions."
  • many modern thinkers and scholars have agreed that all language is at root metaphorical.
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  • Of all philosophical writers on metaphor, Nietzsche probably draws the strongest conclusions from this situation. ''Tropes,'' he writes, ''are not something that can be added or abstracted from language at will—they are its truest nature.'' He argues that there is ''no real knowing apart from metaphor,'' by which he means that we experience reality through metaphors, and our notion of literal meaning simply reflects the ossification of language, as figures of speech lose their vitality. He emphasizes in The Genealogy of Morals how metaphor tends to extend its sway, to bring wider ranges of experience under its wing. He goes so far as to say that ''the drive toward the formation of metaphor is the fundamental human drive.'' For him, literal and figurative meaning are not stable categories, but historical ones determined by their social context.
  • the evolution of abstractions is always a case of going from the physical and sensible to the abstract.
Keiko E

Is This the Future of Punctuation!? - WSJ.com - 1 views

  • Punctuation arouses strong feelings. You have probably come across the pen-wielding vigilantes who skulk around defacing movie posters and amending handwritten signs that advertise "Rest Room's" or "Puppy's For Sale." People fuss about punctuation not only because it clarifies meaning but also because its neglect appears to reflect wider social decline. And while the big social battles seem intractable, smaller battles over the use of the apostrophe feel like they can be won. Enlarge ImageClose Yet the status of this and other cherished marks has long been precarious. The story of punctuation is one of comings and goings.
  • How might punctuation now evolve? The dystopian view is that it will vanish. I find this conceivable, though not likely. But we can see harbingers of such change: editorial austerity with commas, the newsroom preference for the period over all other marks, and the taste for visual crispness. Though it is not unusual to hear calls for new punctuation, the marks proposed tend to cannibalize existing ones. In this vein, you may have encountered the interrobang , which signals excited disbelief. Such marks are symptoms of an increasing tendency to punctuate for rhetorical rather than grammatical effect. Instead of presenting syntactical and logical relationships, punctuation reproduces the patterns of speech.
  • Defenders of the apostrophe insist that it minimizes ambiguity, but there are few situations in which its omission can lead to real misunderstanding.
Javier E

Our Machine Masters - NYTimes.com - 0 views

  • the smart machines of the future won’t be humanlike geniuses like HAL 9000 in the movie “2001: A Space Odyssey.” They will be more modest machines that will drive your car, translate foreign languages, organize your photos, recommend entertainment options and maybe diagnose your illnesses. “Everything that we formerly electrified we will now cognitize,” Kelly writes. Even more than today, we’ll lead our lives enmeshed with machines that do some of our thinking tasks for us.
  • This artificial intelligence breakthrough, he argues, is being driven by cheap parallel computation technologies, big data collection and better algorithms. The upshot is clear, “The business plans of the next 10,000 start-ups are easy to forecast: Take X and add A.I.”
  • Two big implications flow from this. The first is sociological. If knowledge is power, we’re about to see an even greater concentration of power.
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  • in 2001, the top 10 websites accounted for 31 percent of all U.S. page views, but, by 2010, they accounted for 75 percent of them.
  • As a result, our A.I. future is likely to be ruled by an oligarchy of two or three large, general-purpose cloud-based commercial intelligences.”
  • Advances in artificial intelligence will accelerate this centralizing trend. That’s because A.I. companies will be able to reap the rewards of network effects. The bigger their network and the more data they collect, the more effective and attractive they become.
  • The Internet has created a long tail, but almost all the revenue and power is among the small elite at the head.
  • engineers at a few gigantic companies will have vast-though-hidden power to shape how data are collected and framed, to harvest huge amounts of information, to build the frameworks through which the rest of us make decisions and to steer our choices. If you think this power will be used for entirely benign ends, then you have not read enough history.
  • The second implication is philosophical. A.I. will redefine what it means to be human. Our identity as humans is shaped by what machines and other animals can’t do
  • On the other hand, machines cannot beat us at the things we do without conscious thinking: developing tastes and affections, mimicking each other and building emotional attachments, experiencing imaginative breakthroughs, forming moral sentiments.
  • For the last few centuries, reason was seen as the ultimate human faculty. But now machines are better at many of the tasks we associate with thinking — like playing chess, winning at Jeopardy, and doing math.
  • In the age of smart machines, we’re not human because we have big brains. We’re human because we have social skills, emotional capacities and moral intuitions.
  • I could paint two divergent A.I. futures, one deeply humanistic, and one soullessly utilitarian.
  • In the humanistic one, machines liberate us from mental drudgery so we can focus on higher and happier things. In this future, differences in innate I.Q. are less important. Everybody has Google on their phones so having a great memory or the ability to calculate with big numbers doesn’t help as much.
  • In this future, there is increasing emphasis on personal and moral faculties: being likable, industrious, trustworthy and affectionate. People are evaluated more on these traits, which supplement machine thinking, and not the rote ones that duplicate it
  • In the cold, utilitarian future, on the other hand, people become less idiosyncratic. If the choice architecture behind many decisions is based on big data from vast crowds, everybody follows the prompts and chooses to be like each other. The machine prompts us to consume what is popular, the things that are easy and mentally undemanding.
  • In the current issue of Wired, the technology writer Kevin Kelly says that we had all better get used to this level of predictive prowess. Kelly argues that the age of artificial intelligence is finally at hand.
Javier E

The Scoreboards Where You Can't See Your Score - NYTimes.com - 0 views

  • The characters in Gary Shteyngart’s novel “Super Sad True Love Story” inhabit a continuously surveilled and scored society.
  • Consider the protagonist, Lenny Abramov, age 39. A digital dossier about him accumulates his every health condition (high cholesterol, depression), liability (mortgage: $560,330), purchase (“bound, printed, nonstreaming media artifact”), tendency (“heterosexual, nonathletic, nonautomotive, nonreligious”) and probability (“life span estimated at 83”). And that profile is available for perusal by employers, friends and even strangers in bars.
  • Even before the appearance of these books, a report called “The Scoring of America” by the World Privacy Forum showed how analytics companies now offer categorization services like “churn scores,” which aim to predict which customers are likely to forsake their mobile phone carrier or cable TV provider for another company; “job security scores,” which factor a person’s risk of unemployment into calculations of his or her ability to pay back a loan; “charitable donor scores,” which foundations use to identify the households likeliest to make large donations; and “frailty scores,” which are typically used to predict the risk of medical complications and death in elderly patients who have surgery.
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  • In two nonfiction books, scheduled to be published in January, technology experts examine similar consumer-ranking techniques already in widespread use.
  • While a federal law called the Fair Credit Reporting Act requires consumer reporting agencies to provide individuals with copies of their credit reports on request, many other companies are free to keep their proprietary consumer scores to themselves.
  • Befitting the founder of a firm that markets reputation management, Mr. Fertik contends that individuals have some power to influence commercial scoring systems.
  • “This will happen whether or not you want to participate, and these scores will be used by others to make major decisions about your life, such as whether to hire, insure, or even date you,”
  • “Important corporate actors have unprecedented knowledge of the minutiae of our daily lives,” he writes in “The Black Box Society: The Secret Algorithms That Control Money and Information” (Harvard University Press), “while we know little to nothing about how they use this knowledge to influence important decisions that we — and they — make.”
  • Data brokers amass dossiers with thousands of details about individual consumers, like age, religion, ethnicity, profession, mortgage size, social networks, estimated income and health concerns such as impotence and irritable bowel syndrome. Then analytics engines can compare patterns in those variables against computer forecasting models. Algorithms are used to assign consumers scores — and to recommend offering, or withholding, particular products, services or fees — based on predictions about their behavior.
  • It’s a fictional forecast of a data-deterministic culture in which computer algorithms constantly analyze consumers’ profiles, issuing individuals numeric rankings that may benefit or hinder them.
  • Think of this technique as reputation engine optimization. If an algorithm incorrectly pegs you as physically unfit, for instance, the book suggests that you can try to mitigate the wrong. You can buy a Fitbit fitness tracker, for instance, and upload the exercise data to a public profile — or even “snap that Fitbit to your dog” and “you’ll quickly be the fittest person in your town.”
  • Professor Pasquale offers a more downbeat reading. Companies, he says, are using such a wide variety of numerical rating systems that it would be impossible for average people to significantly influence their scores.
  • “Corporations depend on automated judgments that may be wrong, biased or destructive,” Professor Pasquale writes. “Faulty data, invalid assumptions and defective models can’t be corrected when they are hidden.”
  • Moreover, trying to influence scoring systems could backfire. If a person attached a fitness device to a dog and tried to claim the resulting exercise log, he suggests, an algorithm might be able to tell the difference and issue that person a high score for propensity toward fraudulent activity.
  • “People shouldn’t think they can outwit corporations with hundreds of millions of dollars,” Professor Pasquale said in a phone interview.Consumers would have more control, he argues, if Congress extended the right to see and correct credit reports to other kinds of rankings.
Javier E

What Debate? Economists Agree the Stimulus Lifted the Economy - NYTimes.com - 0 views

  • If you took your cues from the political rhetoric in Washington — or even from the occasional virulent debate in the economics blogosphere — you would think the whole question of fiscal stimulus is highly contested.But it’s not. There’s widespread agreement among economists that the stimulus act has helped boost the economy.
  • Recently each of these eminent economists was asked whether the unemployment rate was lower at the end of 2010 than it would have been without the stimulus bill. Of the 44 economists surveyed, 37 responded, yielding a healthy response rate of 84 percent. Among those who responded, 36 agreed that the stimulus bill had lowered the unemployment rate, while one disagreed
  • The Initiative on Global Markets at the University of Chicago — hardly a hotbed of liberal or Keynesian thought — regularly surveys a number of the leading American economists about a variety of policy issues.
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  • A follow-up question posed to the same expert panel asked whether the total benefits of the stimulus bill will end up exceeding the costs. The idea was to take account of all of the consequences, both positive and negative. On this question, there’s greater modesty, but still no raging debate. Of the 37 respondents, 25 agreed that the benefits exceeded the costs, while 10 were uncertain. Only 2 disagreed that the stimulus was worth it.
  • the best research into the views of economists finds that this consensus is pervasive across a range of issues. Call it the hidden consensus in economics. It’s there, but remains largely out of sight, because in a competitive political system there’s always an incentive for at least some advocates to try to portray any empirical claim as deeply contested.
demetriar

How Technology Is Warping Your Memory - 0 views

  • Take a moment to think about the last time you memorized someone's phone number.
  • a growing body of research has suggested that it may have profound effects on our memories (particularly the short-term, or working, memory), altering and in some cases impairing its function.
  • "The depth of our intelligence hinges on our ability to transfer information from working memory, the scratch pad of consciousness, to long-term memory, the mind’s filing system," Nicholas Carr
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  • new research has found that taking photos -- an increasingly ubiquitous practice in our smartphone-obsessed culture -- actually hinders our ability to remember that which we're capturing on camera.
  • most of us aren't able to effectively manage the overload of information we're constantly bombarded with.When the working memory is experiencing digital overload, it's like a glass of water overflowing.
  • when we know a digital device or tool will remember a piece of information for us, we're less likely to remember it ourselves.
  • He explained that an over-reliance on technology has a tendency to encourage us to isolate pieces of information without fitting them into a broader cognitive schema.
  • A 2013 Trending Machine national poll found that millennials (aged 18-34) are more likely than those over the age of 55 to forget what day it is (15 percent vs. 7 percent) and where they put their keys (14 percent vs. 8 percent).
aqconces

BBC - Future - The man who gets drunk on chips - 0 views

  • giving
  • “Every day for a year I would wake up and vomit,” he says. “Sometimes it would come on over the course of a few days, sometimes it was just like ‘bam! I’m drunk’.”
  • No alcohol had passed his lips, but not everyone believed him. At one point, his wife searched the house from top to bottom for hidden bottles of booze. “I thought everyone was just giving me a rough time, until my wife filmed me and then I saw it – I looked drunk.”
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  • giving
  • he suffers from “auto-brewery syndrome”
  • “The problem arises when the yeast in our gut gets out of hand. Bacteria normally keep the yeast in check, but sometimes the yeast takes over.”
catbclark

*** Using Color to Your Advantage *** - 0 views

  • The Hidden Language of Colo
  • Hey, what's your favorite color? If you're a guy, I'll bet you said "blue." (57% of the male population does)
  • Nearly a quarter of the surveyed women said purple is their favorite whereas not a single man did. There isn't
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  • I couldn't find any formal negative connotations, but many people simply don't lik
  • Blue ranks highest. No surprise that so many corporations, banks, and other financial institutions have one or more shades of blue in their logos. White also connotes trustworthiness. All the other colors trail far behind.
  • When people were asked which color best represents "high quality," black surpassed blue to become the top pick by far.
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