Monday, October 14, 2013

Coming Full Circular Logic - Nobel Foundation Seeks Cash Boost With Hedge Funds

Commentary by Roger Erickson

Why have a Central Planning Committee hand out cash prizes for innovation?

Werks fer mi!

No wonder everything the Nobel Committees do seems more orthogonal to emerging reality, every year. Reality bubble anyone? They don't seem to even know what one is.

No amount of statistics applied to flawed concepts helps predict adjustments to unpredictable reality?

You'd think they'd get around to analyzing methods for how we adjust and evolve, instead of still deluding themselves with nonsense about prediction.

Zero predictive power, but (so far) unlimited adaptive power? So how come we're still fascinated with the alchemy of prediction? Forget Al Qada, it's our own Al Chemists that are morphing into new sects.


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