Now, cheap optimization does not mean that economics is no longer interesting. Economists still have to develop interactive settings (let’s name them “games”) and compare the equilibrium (=ergodic distribution) properties of the game under consideration with some real world phenomenon of interest.
This introduction has a single goal: to direct the attention of the reader into a critical detail in the development of Artificial Intelligence: intelligence is not only a property of the optimizing kernel of a system: it emerges in the interaction between optimizing agent and the world it inhabits.
In a world with Zeros, programming is simply the design of interesting worlds.
I wrote this las year:
https://forum.effectivealtruism.org/posts/uHeeE5d96TKowTzjA/world-and-mind-in-artificial-intelligence-arguments-against
Now, cheap optimization does not mean that economics is no longer interesting. Economists still have to develop interactive settings (let’s name them “games”) and compare the equilibrium (=ergodic distribution) properties of the game under consideration with some real world phenomenon of interest.
This introduction has a single goal: to direct the attention of the reader into a critical detail in the development of Artificial Intelligence: intelligence is not only a property of the optimizing kernel of a system: it emerges in the interaction between optimizing agent and the world it inhabits.
In a world with Zeros, programming is simply the design of interesting worlds.
More here:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4971482