“How about a little magic?”*… 


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sorcerers apprentice

 

Once upon a time (bear with me if you’ve heard this one), there was a company which made a significant advance in artificial intelligence. Given their incredibly sophisticated new system, they started to put it to ever-wider uses, asking it to optimize their business for everything from the lofty to the mundane.

And one day, the CEO wanted to grab a paperclip to hold some papers together, and found there weren’t any in the tray by the printer. “Alice!” he cried (for Alice was the name of his machine learning lead) “Can you tell the damned AI to make sure we don’t run out of paperclips again?”…

What could possibly go wrong?

[As you’ll read in the full and fascinating article, a great deal…]

Computer scientists tell the story of the Paperclip Maximizer as a sort of cross between the Sorcerer’s Apprentice and the Matrix; a reminder of why it’s crucially important to tell your system not just what its goals are, but how it should balance those goals against costs. It frequently comes with a warning that it’s easy to forget a cost somewhere, and so you should always check your models carefully to make sure they aren’t accidentally turning in to Paperclip Maximizers…

But this parable is not just about computer science. Replace the paper clips in the story above with money, and you will see the rise of finance…

Yonatan Zunger tells a powerful story that’s not (only) about AI: “The Parable of the Paperclip Maximizer.”

* Mickey Mouse, The Sorcerer’s Apprentice

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As we’re careful what we wish for (and how we wish for it), we might recall that it was on this date in 1631 that the Puritans in the recently-chartered Massachusetts Bay Colony issued a General Court Ordinance that banned gambling: “whatsoever that have cards, dice or tables in their houses, shall make away with them before the next court under pain of punishment.”

Mass gambling source