> Guru George asks: What the fuck is "intrinsic value"? How is it to =
be estimated?
A system that relies on captive consumers who can't notice or question =
the nature of the non-local variables hidden in 'price' is similar to a =
classic backward propagation Artificial Neural Network. For example, in =
accepting that classic AI is not going to provide a direct interface to =
the mind, the modern AI trend looks like a constructionist model that =
uses graded (i.e. intrinsic) values for feed-forward unsupervised =
learning. The simplest form of intrinsic value is a unit of frequency. =
The result of using analog or hidden variables in systems is that they =
cannot be examined, backed-up and eventually can't be trusted.
The good news is that it is easy to prune any analog 'beanstalk-like' =
system into the bigger and more efficient (i.e. digital) constructionist =
mapping method with its independent components. There is a priceless =
inference engine called "The Ingrid Thought Processor" which I have been =
involved with for the last eighteen years. It's available as freeware =
from my website to further explain constructionism.=20
I don't know how many readers have seen the elaborate economic charts =
put out by the Millenium Institute, but I challenge anyone to show that =
these charts cannot be improved by reconstructing them without the red =
bits.=20
Best,
Jim Legg http://homepages.ihug.co.nz/~income
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