hunch_net hunch_net-2005 hunch_net-2005-112 knowledge-graph by maker-knowledge-mining

112 hunch net-2005-09-14-The Predictionist Viewpoint


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Introduction: Virtually every discipline of significant human endeavor has a way explaining itself as fundamental and important. In all the cases I know of, they are both right (they are vital) and wrong (they are not solely vital). Politics. This is the one that everyone is familiar with at the moment. “What could be more important than the process of making decisions?” Science and Technology. This is the one that we-the-academics are familiar with. “The loss of modern science and technology would be catastrophic.” Military. “Without the military, a nation will be invaded and destroyed.” (insert your favorite here) Within science and technology, the same thing happens again. Mathematics. “What could be more important than a precise language for establishing truths?” Physics. “Nothing is more fundamental than the laws which govern the universe. Understanding them is the key to understanding everything else.” Biology. “Without life, we wouldn’t be here, so clearly the s


Summary: the most important sentenses genereted by tfidf model

sentIndex sentText sentNum sentScore

1 Virtually every discipline of significant human endeavor has a way explaining itself as fundamental and important. [sent-1, score-0.469]

2 This is the one that everyone is familiar with at the moment. [sent-4, score-0.128]

3 This is the one that we-the-academics are familiar with. [sent-7, score-0.128]

4 “The loss of modern science and technology would be catastrophic. [sent-8, score-0.283]

5 ” (insert your favorite here) Within science and technology, the same thing happens again. [sent-11, score-0.151]

6 “What could be more important than a precise language for establishing truths? [sent-13, score-0.119]

7 “Nothing is more fundamental than the laws which govern the universe. [sent-15, score-0.256]

8 Understanding them is the key to understanding everything else. [sent-16, score-0.211]

9 “Without life, we wouldn’t be here, so clearly the study of life is fundamental. [sent-18, score-0.157]

10 Controlling computation is fundamental to controlling the world. [sent-21, score-0.342]

11 In particular, for any agent (human or machine), there are things which are sensed and the goal is make good predictions about which actions to take. [sent-24, score-0.362]

12 The ability to predict what will happen in the future is a huge edge in games. [sent-27, score-0.221]

13 You, as a driver, attempt to predict how the other cars around you can mess up, and take that into account in your own driving style. [sent-30, score-0.62]

14 Predicting well can make you very wealthy by playing the stock market. [sent-31, score-0.541]

15 Some companies have been formed around the idea of automated stock picking, with partial success. [sent-32, score-0.468]

16 More generally, the idea of prediction as the essential ingredient is very common when gambling with stocks. [sent-33, score-0.324]

17 Information markets generalize the notion of stock picking to make predictions about arbitrary facts. [sent-34, score-0.793]

18 Prediction problems are prevalent throughout our lives so studying the problems and their solution, which is a core goal of machine learning, is essential. [sent-35, score-0.5]

19 From the predictionist viewpoint, it is not about what you know, what you can prove or infer, who your friends are, or how much wealth you have. [sent-36, score-0.181]

20 Instead, it’s about how well you can predict (and act on predictions of) the future. [sent-37, score-0.397]


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tfidf for this blog:

wordName wordTfidf (topN-words)

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Introduction: Virtually every discipline of significant human endeavor has a way explaining itself as fundamental and important. In all the cases I know of, they are both right (they are vital) and wrong (they are not solely vital). Politics. This is the one that everyone is familiar with at the moment. “What could be more important than the process of making decisions?” Science and Technology. This is the one that we-the-academics are familiar with. “The loss of modern science and technology would be catastrophic.” Military. “Without the military, a nation will be invaded and destroyed.” (insert your favorite here) Within science and technology, the same thing happens again. Mathematics. “What could be more important than a precise language for establishing truths?” Physics. “Nothing is more fundamental than the laws which govern the universe. Understanding them is the key to understanding everything else.” Biology. “Without life, we wouldn’t be here, so clearly the s

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Introduction: …is discussed in this nytimes article . I generally expect such approaches to become more common since computers are getting faster, machine learning is getting better, and data is becoming more plentiful. This is another example where machine learning technology may have a huge economic impact. Some side notes: We-in-research know almost nothing about how these things are done (because it is typically a corporate secret). … but the limited discussion in the article seem naive from a machine learning viewpoint. The learning process used apparently often fails to take into account transaction costs. What little of the approaches is discussed appears modeling based. It seems plausible that more direct prediction methods can yield an edge. One difficulty with stock picking as a research topic is that it is inherently a zero sum game (for every winner, there is a loser). Much of the rest of research is positive sum (basically, everyone wins).

3 0.13363545 282 hunch net-2008-01-06-Research Political Issues

Introduction: I’ve avoided discussing politics here, although not for lack of interest. The problem with discussing politics is that it’s customary for people to say much based upon little information. Nevertheless, politics can have a substantial impact on science (and we might hope for the vice-versa). It’s primary election time in the United States, so the topic is timely, although the issues are not. There are several policy decisions which substantially effect development of science and technology in the US. Education The US has great contrasts in education. The top universities are very good places, yet the grade school education system produces mediocre results. For me, the contrast between a public education and Caltech was bracing. For many others attending Caltech, it clearly was not. Upgrading the k-12 education system in the US is a long-standing chronic problem which I know relatively little about. My own experience is that a basic attitude of “no child unrealized” i

4 0.12665066 109 hunch net-2005-09-08-Online Learning as the Mathematics of Accountability

Introduction: Accountability is a social problem. When someone screws up, do you fire them? Or do you accept the error and let them continue? This is a very difficult problem and we all know of stories where the wrong decision was made. Online learning (as meant here), is a subfield of learning theory which analyzes the online learning model. In the online learning model, there are a set of hypotheses or “experts”. On any instantance x , each expert makes a prediction y . A master algorithm A uses these predictions to form it’s own prediction y A and then learns the correct prediction y * . This process repeats. The goal of online learning is to find a master algorithm A which uses the advice of the experts to make good predictions. In particular, we typically want to guarantee that the master algorithm performs almost as well as the best expert. If L(e) is the loss of expert e and L(A) is the loss of the master algorithm, it is often possible to prove: L(A) les

5 0.12242673 397 hunch net-2010-05-02-What’s the difference between gambling and rewarding good prediction?

Introduction: After a major financial crisis , there is much discussion about how finance has become a casino gambling with other’s money, keeping the winnings, and walking away when the money is lost. When thinking about financial reform, all the many losers in the above scenario are apt to take the view that this activity should be completely, or nearly completely curtailed. But, a more thoughtful view is that sometimes there is a real sense in which there are right and wrong decisions, and we as a society would really prefer that the people most likely to make right decisions are making them. A crucial question then is: “What is the difference between gambling and rewarding good prediction?” We discussed this before the financial crisis . The cheat-sheet sketch is that the online learning against an adversary problem, algorithm, and theorems, provide a good mathematical model for thinking about this question. What I would like to do here is map this onto various types of financial t

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