The stockmarket is now run by computers, algorithms and passive managers

Re:The stockmarket is now run by computers, algorithms and p... by blazespin on Monday October 14, 2019 @06:41AM (#21246749)

True to a point. However, that person doesn't necessarily know why a computer made a decision. The high dimensionality of these questions and decisions can be solved by programming, but the question and solution aren't completely understood. Thus, we enter the age of AI.

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Re:The stockmarket is now run by computers, algorithms and p... by onion2k on Monday October 14, 2019 @06:44AM (#21246771)

That doesn't change the fact that they're responsible for the outcome.

A reasonable metaphor is someone firing a gun in to the air: they can't claim not to be responsible for where the bullet lands despite having no real control over where it's coming down. If you don't want that responsibility don't pull the trigger.

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Re:The stockmarket is now run by computers, algorithms and p... by nicoburns on Monday October 14, 2019 @08:34AM (#21247539)

Right, but that doesn't change the fact the stock market has changed from people taking careful aim before pulling the trigger, to a model where people are mostly looking where everybody else is firing, then firing in the same direction.

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Re:The stockmarket is now run by computers, algorithms and p... by blazespin on Monday October 14, 2019 @07:45AM (#21247223)

Yeah, a lot of people warn about the dangers of AI. And it's real - handing over decision making we don't understand to computers comes with real risks.

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Re:The stockmarket is now run by computers, algorithms and p... by XuMiao on Monday October 14, 2019 @02:16PM (#21251174)

Exactly, the high dimensionality is very difficult to grasp for regular people. The nonlinearity of AI models makes the situation even worse.

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