The reason we have markets is because the systemic optimization effect of free agents making decisions is generally more accurate than any particular algorithm, not least of all due to computational capacities relative to those possesed by human brains. Markets are the bi-product of the crowd sourcing of logistical optimization problems. In other words, you’ve got a curve of demand that changes in unpredictable ways, and you can fill spaces under that curve by drawing rectangles. Predicting the curve and directly matching it is very hard to do, but if you let people trade individually, they can adapt on a more granular basis, approaching an ideal of "liquidity". It’s great. If you look back on the history of financial markets versus how they work today, you’ll realize that the means of communication completely changes the nature of participation. They used to trade paper, and in order to invest you had to be a real royal jerk wearing a top hat or something, liv...
Content suppressed by ://URLFAN, for full article visit source
Tilt!From: kingludic.blogspot.com
Post Date: 2008-05-29 08:25:00
I think the below is a great example of the difference that having a real creative and monetary incentive makes on a studio. Incidentally, I applied to Tilted Mill for a Writer position back in early 2007, or I was thinking of applying. Then at GDC, I was lighting at my hotel and I got in a gym conversation with one of the producers there. He was a nice guy, he said the writer they ended up hiring had MUD experience and knew some scripting languages. I hear that. The title is a pinball refere...
more Taking Off With BCIsFrom: kingludic.blogspot.com
Post Date: 2008-05-29 05:35:00
Ari and I came up with the below vid after work last evening: Now, read this bit . The "knee in the curve", proverbially speaking, comes when you have a headset that can parse phonics or whole words. Imagine writing a novel in 8 hours and posting it to the net, or this blog post in thirty five seconds. Imagine writing code, with an appropriately-geared IDE, at a much more rapid pace. It’d be interesting to conside the interface design problems of a brain-scan debugging tool-set. The ...
more The Holy GrailFrom: kingludic.blogspot.com
Post Date: 2008-05-29 04:29:00
Seriously though, it’s good to see this idea expressed so keenly on primetime television....
more Teenager Isolates Plastic Eating MicrobeFrom: kingludic.blogspot.com
Post Date: 2008-05-26 06:54:00
Stuff like this reinforces my optimism that clever young people with increasingly distributed and powerful technology can solve the problems our patents’ generation handed off to us. As soon as we make our millions from the solutions, we’re putting you all in a home....
more 
Websites mentioned in article
Buzz Words mentioned in article:
How popular is kingludic.blogspot.com?
