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Turing Tests Are Terribly Misleading

Black box algorithms are now being trusted to approve loans, price insurance, screen job applicants, trade stocks, determine prison sentences, and much more. Is that wise?

In 1950 Alan Turing proposed that the question, “Can machines think?,” be replaced by a test of how well a computer plays the “imitation game.” A man and woman go into separate rooms and respond with typewritten answers to questions that are intended to identify the players, each of whom is trying to persuade the interrogators that they are the other person. Turing proposed that a computer take the part of one of the players and the experiment be deemed a success if the interrogators are no more likely to make a correct identification. There are other versions of the game, some of which were suggested by Turing. The standard Turing test today involves a human and a computer and…

Big Data Technology for Business Finance Analytic Concept. Modern graphic interface shows massive information of business sale report, profit chart and stock market trends analysis on screen monitor.

Serious Investors Should Embrace the Stock Market Algos!

We can use computers’ inability to distinguish meaning from noise in data to our advantage

Computer algorithms are much, much better than humans at discovering statistical patterns but much, much worse than humans at discerning whether the patterns are meaningful. Wise investors can use the resulting blips to their advantage.

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