The Awesome Science of Chinonomics

Nobody can really  take credit for having solved a problem that never happened. Any attempt at it drags you into the realm of non-existent hypotheticals and becomes moot the moment you open your mouth. This is the position leaders around the world find themselves in when trying to fight this pandemic. It doesn't matter how informed, intelligent, prescient our leaders might (or might not) be, they face the same fog of uncertainty when trying to predict the future while making decisions to fix a problem this complex. For better and worse, we're equipped with minds that can only draw on history to construct patterns when trying to face the future. And in a Bayesian dance , all we can aspire to do is to  tinker with our course of action as that fog of uncertainty chooses to spit the next piece of evidence at us. There is no other way. Leaders (simple humans* that they are) fall prey to the same  Law of Small Numbers ; forced to take action in the face of clouded, sm...

There seems to be hysteria these days around AI and algorithm-based consumption. The algorithmic economy  threatens to bring to the realm of the tangible that totem of economic dogma called the "invisible hand." Computers are finally linking --through big data-- individuals' behavior with algorithms that sort them, allowing machines to predict reactions: the "invisible hand" materializes(!). Nothing like predicting human conduct to be able to make money. That damned watch I dared to search for 3 weeks ago in a moment of stupid leisure has haunted me everywhere I go on the internet. Please, stop it Google. I'm not buying it. The idea that we are just soft machines  is a fascinating one. It feeds the collective dread of an algorithmically-dominated Armageddon, making people fret about a time in the not-so-distant future when we will decide nothing for ourselves, and when everything will be dictated by an algorithm --surreptitiously creating the illusion of  ...