Technology, Incentives and Cognitive Bias

Published on
May 22nd, 2019
Duration
10 minutes


Technology, Incentives and Cognitive Bias

Future Fears ·
Featuring Dee Smith and Raoul Pal

Published on: May 22nd, 2019 • Duration: 10 minutes

Dee Smith of Strategic Insight Group sits down with Raoul Pal to discuss the confluence of behavioral economics and technology. The principles of behavioral economics combined with machine learning and algorithms can lead to amazing results, but what happens when human bias bleeds into the very algorithms we believe protect us from it? This video is excerpted from a piece published on Real Vision on September 7, 2018 entitled “Modern Manipulation: Behavioral Economics in a Technological World.”

Comments

Transcript

  • MS
    Matt S.
    27 May 2019 @ 21:16
    Came here, thumbed down, walked away. #NOMOREDEESMITH
  • AJ
    Angus J.
    23 May 2019 @ 16:52
    Raoul's point on Deep Mind is correct. If you set a RL algorithms' reward to winning a game of go it will explore the decision space to maximize the reward function. If it finds something that works then it will repeat that behavior and effectively 'invent' a new move. Ditto with trading
  • GT
    Guillaume T.
    22 May 2019 @ 21:30
    Thanks for the reminder. Interesting subject.