Why Minds Are Not Like Computers

http://www.thenewatl...-like-computers

"Since the inception of the AI project, the use of computer analogies to try to describe, understand, and replicate mental processes has led to their widespread abuse. Typically, an exponent of AI will not just use a computer metaphor to describe the mind, but will also assert that such a description is a sufficient understanding of the mind—indeed, that mental processes can be understood entirely in computational terms. One of the most pervasive abuses has been the purely functional description of mental processes. In the black box view of programming, the internal processes that give rise to a behavior are irrelevant; only a full knowledge of the input-output behavior is necessary to completely understand a module. Because humans have "input" in the form of the senses, and "output" in the form of speech and actions, it has become an AI creed that a convincing mimicry of human input-output behavior amounts to actually achieving true human qualities in computers..."

Edited by Jnavin, 18 October 2009 - 04:24 PM.

We do need the computers to trade for us most of the time. This is not different than we need the computers to control the machinery, traffic lights and so on. A well crafted computer algorithm can get the job done most of the time correctly, do not think of it as an evil power after your money. We do need this kind of automation for the proper flow of funds in billions and billions so the economy can continue to function most of the time, then we do need to update the computer models when we realize that the economy is also changing. The methods that solely track the customers funds or mimic and go against the human behavior are not going to be necessarily always correct at the turning points. Actually, it is very easy to deceive these algorithms...

http://www.thenewatl...-like-computers

"Since the inception of the AI project, the use of computer analogies to try to describe, understand, and replicate mental processes has led to their widespread abuse. Typically, an exponent of AI will not just use a computer metaphor to describe the mind, but will also assert that such a description is a sufficient understanding of the mind—indeed, that mental processes can be understood entirely in computational terms. One of the most pervasive abuses has been the purely functional description of mental processes. In the black box view of programming, the internal processes that give rise to a behavior are irrelevant; only a full knowledge of the input-output behavior is necessary to completely understand a module. Because humans have "input" in the form of the senses, and "output" in the form of speech and actions, it has become an AI creed that a convincing mimicry of human input-output behavior amounts to actually achieving true human qualities in computers..."

AHHH computers and networks. This is HOW it is different this time. Maybe it is different everytime but without a doubt,
this is HOW it is different this time. Computers as a metaphor for the human mind maybe quite crude but MONEY is now
a creature COMPLETELY controlled in computer networks.

Are enough of us short this weekend for it to be worth the bother of those that see all and know all to run the stops
and just enough more?

Such interesting times we live in.

Edited by jack, 18 October 2009 - 08:05 PM.

full disclosure I'm short

Minds? We don't need no stinking minds.
I personally have never been to Harvard or lost $500,000 or $500,000,000!
I love it!


Harvard's Bet on Interest Rate Rise Cost $500 Million to Exit
Oct. 17 (Bloomberg) -- Harvard University's failed bet that interest rates would rise cost the world's richest school ...

Edited by Rogerdodger, 19 October 2009 - 10:03 AM.

RD you are a champ!

I was wondering who was picking up the cost of all these mortgage refinancing to keep the rates low... I guess those who bet against the Treasuries...