Re:Apple is struggling to become an AI powerhouse
by freyir on Thursday June 08, 2017 @06:50PM
(#14517775)
> More information in the system = greater efficiency.
More information does not always increase market efficiency. In fact, it can have just the opposite effect when there is information asymmetry.
https://en.wikipedia.org/wiki/Information_asymmetry
http://www.economicsonline.co.uk/Market_failures/Information...
Re:Apple is struggling to become an AI powerhouse
by AndrewKemendo on Thursday June 08, 2017 @08:29PM
(#14518309)
For sure, but only in the short term. History shows that there is a push and pull here and that on aggregate more information is being input to the market from all sides and available for price discrimination. Inefficiencies are great for enterprises to attempt to capture, and by doing so exposing the inefficiency.
It's not perfectly efficient because there isn't perfect information, however it's more efficient than it otherwise would be.
More information in the system = greater efficiency.