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black swan In a pond

It’s Hard To Estimate Highly Improbable Things Like Earthquakes

Some have hoped that AI would provide reliable help with predicting They have been disappointed

Investors often overreact to both good and bad news. When a company’s quarterly earnings turn out to be slightly below forecasts, its stock price might plunge 20 percent or more. Thus, when theoretical models of the stock market models assume that price changes conform to a bell-shaped curve of normal distribution, that assumption is more convenient than credible. Another inconvenient truth is that many investors are prone to chasing trends up or down. After a stock’s price has gone up, they rush to buy, which pushes the price even higher. When these two realities meet head-on, stock returns are sometimes more extremely good or bad than would be true of a normal distribution. On October 19, 1987, the S&P 500…

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Creative background, male hand holding a phone with a 5G hologram on the background of the city. The concept of 5G network, high-speed mobile Internet, new generation networks. Copy space,

Seattle Area a Good Site for 5G Development, Says Analyst

By increasing bandwidth and reducing slow times, 5G will enable more people to do more online

At COSM 2019, Jay Richards interviewed Bruce Agnew, Director of the Seattle-based ACES Northwest Network on the collective’s work in bringing ACES (Automated, Connected, Electric, and Shared) vehicle technologies to the Puget Sound region. They discussed, among other things, the role that 5G will play in implementing autonomous vehicles. Since 1993, Bruce Agnew has been the Policy Director of Seattle-based Discovery Institute’s Cascadia Center. The Cascadia Center is a strategic alliance from Vancouver, BC, to Eugene, Oregon, promoting high speed passenger rail, Interstate-5 freight mobility, seamless border crossings, bi-national and bi-state tourism marketing, and sustainable community development. Two of his co-chairs, Tom Alberg and Bryan Mistele, were also interviewed in this series (at the links). From the interview: Agnew began…