Lifeboat Foundation

Professor Daniel Kahneman was awarded a Nobel Prize for his work on the psychology of judgment and decision-making, as well as behavioral economics. In this age of human/machine collaboration and shared learning, IDE Director, Erik Brynjolfsson, asked Kahneman about the perils, as well as the potential, of machine-based decision-making. The conversation took place at a recent conference, The Future of Work: Capital Markets, Digital Assets, and the Disruption of Labor, in New York City. Some key highlights follow.

P rofessor Daniel Kahneman was awarded a Nobel Prize for his work on the psychology of judgment and decision-making, as well as behavioral economics. In this age of human/machine collaboration and shared learning, IDE Director, Erik Brynjolfsson, asked Kahneman about the perils, as well as the potential, of machine-based decision-making. The conversation took place at a recent conference, The Future of Work: Capital Markets, Digital Assets, and the Disruption of Labor, in New York City. Some key highlights follow.

Erik Brynjolfsson: We heard today about algorithmic bias and about human biases. You are one of the world’s experts on human biases, and you’re writing a new book on the topic. What are the bigger risks — human or the algorithmic biases?

Continue reading “Where Humans Meet Machines: Intuition, Expertise and Learning” »

Many of us think we know what electronic waste is because we wonder what to do with devices we no longer want or need.

It’s the old cellphone and its charger stuffed in the drawer.

It’s that old laptop, monitor or printer packed behind the door or in the basement.

Continue reading “Almost everything you know about e-waste is wrong” »

Please don’t pay any attention to this posting. It is not for you… *

This graph presents indisputable fact: It compares US dollar growth as reported by the US government and Bitcoin growth (for all time), extrapolated by pure math.

I wish that this would put to bed the fake news, conspiracy theories, and “nothing backs it” nonsense. Unfortunately, seismic shifts in architecture or process take time for society to understand and accept. Early adopters will be the fortunate buckos. Timid or clueless denizens will complain bitterly about the unfair advantage of those who wise up before it hits a 6 figure exchange rate. Eventually, comparisons with legacy currencies will be utterly meaningless. It will become the currency. It will be the gold-pressed latinum of universal recognition and intrinsic value.

15 years from now, some will look back on our era and claim that the Winkelvoss twins were lucky. Risk, patience and an understanding of economics is not ‘luck’. They have the gift of prescience.

Continue reading “The USD is Tulip Mania—BTC is not” »

Asia-focused English-language publication that brings you insights about business, finance, economic and political newsand analysis for Asia, by Asia on asia.nikkei.com

The Astana Global Challenge Summit 2018 will host a series of panels and talks on longevity and rejuvenation.

As it has every year since 2008, the Astana Economic Forum (AEF) is about to take place in Astana, Kazakhstan. AEF, now also known as the Global Challenges Summit (GCS), is an international and regional non-profit platform for public discourse on topics such as economics, globalization, security, global risks, energy efficiency, innovation, and, more generally, matters concerning the future of our world and society. It was jointly created by the Eurasian Economic Club of Scientists Association and the Kazakhstan government back in 2008, and over the years, it has hosted innumerable talks and presentations by scientists, economists, world leaders, entrepreneurs, Nobel laureates, and other key people.

In our rapidly changing world, where we sometimes struggle to keep up the pace with progress, initiatives like this are greatly needed and welcome. In order to address the global issues we will face in the coming decades, cooperation, dialogue, information sharing, and networking will be pivotal, and events like the GCS are instrumental in achieving success. The themes of the 2018 event, which will be held on May 17–19, will include global strategy, sustainability, the future of money, clean energy, a unified economy, and many others. Around 500 speakers from all over the world will be on stage to discuss these important topics, sharing visions and insights to build a brighter and safer future together.

Is it possible to exercise the same kind of control over the most complex network we know of: the human brain?

Rewriting Life.

How network neuroscience is creating a new era of mind control.

Continue reading “Neuroscientists see a new way to manipulate minds” »

An interview on rejuvenation science, advocacy, and more with Reason from the blog Fight Aging!.

Most people interested in rejuvenation and life extension are familiar with Fight Aging!, one of the very first rejuvenation advocacy blogs dating back all the way to the early 2000s; if you’re one of them, then you certainly are familiar with Reason, the man behind FA!.

Over the years, Reason has been a patient yet relentless advocate, acting not only as an information provider for the public but also helping out innumerable organizations and companies in the field of rejuvenation biotechnology in financial and other ways. Back in the day when SRF didn’t exist yet, Reason was a volunteer for Methuselah Foundation; eventually, he helped fund companies such as Oisìn Biotechnologies, CellAge, and LysoCLEAR; and, earlier this month, Reason and Bill Cherman co-founded Repair Biotechnologies, a company focused on gene therapy for rejuvenation, as announced on FA!.

Continue reading “Reason – Fight Aging! blog and Repair Biotechnologies” »

Roadways clogged by commercial vehicles and intense competition for affordable housing are imposing costs on prosperous cities and their most vulnerable residents.

Cities are the hubs of the emerging digital economy, attracting knowledge workers with higher pay and alluring lifestyles. One consequence of this concentrated prosperity is rising rents and a scramble for housing that places disadvantaged citizens in peril—as seen in the increasing rates of homelessness in cities such as Seattle. More people living in urban cores also means more commercial vehicles are needed to serve them, which is fueled by a surge in online deliveries. The resulting congestion is burdening cities with surprisingly high costs. The social stresses of the new growth should be on your radar.

So much talk about AI and robots taking our jobs. Well, guess what, it’s already happening and the rate of change will only increase. I estimate that about 5% of jobs have been automated — both blue collar manufacturing jobs, as well as, this time, low-level white collar jobs — think back office, paralegals, etc. There’s a thing called RPA, or Robot Process Automation, which is hollowing out back office jobs at an alarming rate, using rules based algorithms and expert systems. This will rapidly change with the introduction of deep learning algorithms into these “robot automation” systems, making them intelligent, capable of making intuitive decisions and therefore replacing more highly skilled and creative jobs. So if we’re on an exponential curve, and we’ve managed to automate around 5% of jobs in the past six years, say, and the doubling is every two years, that means by 2030, almost all jobs will be automated. Remember, the exponential math means 1, 2, 4, 8, 16, 32, 64, 100%, with the doubling every two years.

We are definitely going to need a basic income to prevent people (doctors, lawyers, drivers, teachers, scientists, manufacturers, craftsmen) from going homeless once their jobs are automated away. This will need to be worked out at the government level — the sooner the better, because exponentials have a habit of creeping up on people and then surprising society with the intensity and rapidity of the disruptive change they bring. I’m confident that humanity can and will rise to the challenges ahead, and it is well to remember that economics is driven by technology, not the other way around. Education, as usual, is definitely the key to meeting these challenges head on and in a fully informed way. My only concern is when governments will actually start taking this situation seriously enough to start taking bold action. There certainly is no time like the present.