People are lazy and perceptions are biased. People will get hung up on the drop, some will have lost a good chunk of cash, and because nobody wants to accept that their collective action is to blame, they'll shift the blame to Nintendo. Not all players will, probably not even most, but enough to tarnish reputations. But that's the game, and Nintendo will be fine.
Too much emotion, not enough reason. Excess enthusiasm and pessimism are the top causes of market instability. People got whipped up into a buying frenzy based on bad/incomplete information, and a third party (Nintendo) suffers for it.
Automated trading only reinforces the problem, since it magnifies emotionally driven market conditions.
Is it really mixed? Consider Marx's point about the inextricable link between political and economic systems - assuming he was correct, then government regulation is how free-markets self-correct systemic flaws.
You can't calculate a Nash equilibrium for a game with millions or billions of players. Especially if you have to do it before the game begins, with starting points determined by the outcomes of multiple preceding games that have not yet begun themselves.
An economy is effectively unsolvable. The problems of a command economy aren't limited to central planning overhead and fallibility; an economy is an emergent property of the interactions of very large numbers of independent, semi-rational, actors with free will and diverging perceptions. It can't be solved as a system of linear equations, at best it's a system of (in the US) 300 million PDEs, each with at least 300 million variables. Moreover, you can't solve for "now", to succeed it has to solve tomorrow.
Basically, you need to be Harry Seldon and invent psychohistory first.
You're doing great China! Keeping the spirit of Communism alive, and honoring the memory of Marx and Mao in the best way possible - making sure nobody interferes with advertising!
To give every adult $20k/yr, would cost about $4.85T/yr. Total federal social welfare (excluding healthcare) is about $1.2-1.3T/yr, so call it a spending increase of $3.5T/yr. Which means we'd have to double federal revenue, so double the taxes for everyone.
Look at it this way - if you only give it to people in the bottom 3 tax brackets, you still have 232 million eligible adults. To be at all effective, it has to be around $18-$20,000 per person per year, which is $4.6T/yr total. Rolling up Social Security, UI, and all other non-medical social welfare spending reduces the current budget by maybe $1.3T. So it's still an extra $3.3T/yr. I don't know the current numbers on how much federal welfare spending is worth to recipients, but last time I checked it was over $30k/yr.
It's like the problem of foolproofing - fools are more unpredictable than engineers are creative. Children aren't the same as fools, but they are far more unpredictable.
And what was the parent doing that wasn't making sure the kid wasn't getting run over?
Granted, the robot should have been designed to take little kid craziness into account, but I'm betting the direct cause of the incident was said craziness.
Well, there would have been no point in coding it to handle alphanumeric input as a valid ID, so they probably had it handle non-numeric input by setting the ID to one of the test numbers to keep bad data from going to the SEC.
It's a management bug. The programming was fine, but somebody failed to make sure it was updated for the branch ID change. It was never intended to handle alphanumeric input, so management should have made sure the programmers knew about the change and thoroughly tested how the software handled it.
I think there were a couple of reasonable provisions that weren't intrusive or unfriendly towards our rights (info sharing between agencies, etc). If my memory has failed me, and there weren't any such provisions, it's still a little too much to expect that it will be repealed all at once while there are still occasional (apparent) terror attacks.
Okay, maybe not everyone has as much fun as I do building computers, and high-end components are wicked expensive, but you (okay, I) rarely start entirely from scratch. Cases, drives, monitors, peripherals, and PSU's need replacement far less often than other components, and really, GPU upgrades can keep you gaming happy on an older CPU/motherboard. It's the mention of Apple computers that discredits the entire thing. The suggestion that you can't get a prebuilt gaming PC or easily upgrade a pre-built machine with a sweet GPU and game like crazy is just silly. And that's before coming around to the whole "who games on a Mac?" issue.
I like bats, but having seen their faces up close, I don't think I can support your claim of "cute".
That said, bat populations are in serious need of help what with White Nose killing them left and right. I hope this helps their numbers by giving them smaller and cleaner "caves" to sleep in.
Slashdot Mirror
People are lazy and perceptions are biased. People will get hung up on the drop, some will have lost a good chunk of cash, and because nobody wants to accept that their collective action is to blame, they'll shift the blame to Nintendo. Not all players will, probably not even most, but enough to tarnish reputations. But that's the game, and Nintendo will be fine.
Point taken. Still, a lot of sloppy market players will focus on the drop, potentially stigmatizing the stock, but on the whole it should wash out.
Automated trading only reinforces the problem, since it magnifies emotionally driven market conditions.
Is it really mixed? Consider Marx's point about the inextricable link between political and economic systems - assuming he was correct, then government regulation is how free-markets self-correct systemic flaws.
If we could model individual humans with enough accuracy to make this work, we wouldn't need it.
You can't calculate a Nash equilibrium for a game with millions or billions of players. Especially if you have to do it before the game begins, with starting points determined by the outcomes of multiple preceding games that have not yet begun themselves.
That's not rent, it's the cost of society's recognition, protection and affirmation of your ownership.
Basically, you need to be Harry Seldon and invent psychohistory first.
It was in the Panama papers (probably elsewhere too) - Oligarch money funneled to the Clinton Foundation.
You're doing great China! Keeping the spirit of Communism alive, and honoring the memory of Marx and Mao in the best way possible - making sure nobody interferes with advertising!
That's one of many reasons "The Force Awakens" was so much better than Episodes 1-3. Heavy use of practical effects.
To give every adult $20k/yr, would cost about $4.85T/yr. Total federal social welfare (excluding healthcare) is about $1.2-1.3T/yr, so call it a spending increase of $3.5T/yr. Which means we'd have to double federal revenue, so double the taxes for everyone.
Look at it this way - if you only give it to people in the bottom 3 tax brackets, you still have 232 million eligible adults. To be at all effective, it has to be around $18-$20,000 per person per year, which is $4.6T/yr total. Rolling up Social Security, UI, and all other non-medical social welfare spending reduces the current budget by maybe $1.3T. So it's still an extra $3.3T/yr. I don't know the current numbers on how much federal welfare spending is worth to recipients, but last time I checked it was over $30k/yr.
It's like the problem of foolproofing - fools are more unpredictable than engineers are creative. Children aren't the same as fools, but they are far more unpredictable.
Have you never had an insufficiently attended child run into you?
Granted, the robot should have been designed to take little kid craziness into account, but I'm betting the direct cause of the incident was said craziness.
Well, there would have been no point in coding it to handle alphanumeric input as a valid ID, so they probably had it handle non-numeric input by setting the ID to one of the test numbers to keep bad data from going to the SEC.
If it was intentional non-compliance, yes. An unintentional oversight by an organization acting in good faith shouldn't be punished as harshly.
It's a management bug. The programming was fine, but somebody failed to make sure it was updated for the branch ID change. It was never intended to handle alphanumeric input, so management should have made sure the programmers knew about the change and thoroughly tested how the software handled it.
Yes.
Still, it was never supposed to be permanent.
I heard it was Adam West.
The Patriot act should be getting reduced, not expanded.
Okay, maybe not everyone has as much fun as I do building computers, and high-end components are wicked expensive, but you (okay, I) rarely start entirely from scratch. Cases, drives, monitors, peripherals, and PSU's need replacement far less often than other components, and really, GPU upgrades can keep you gaming happy on an older CPU/motherboard. It's the mention of Apple computers that discredits the entire thing. The suggestion that you can't get a prebuilt gaming PC or easily upgrade a pre-built machine with a sweet GPU and game like crazy is just silly. And that's before coming around to the whole "who games on a Mac?" issue.
That said, bat populations are in serious need of help what with White Nose killing them left and right. I hope this helps their numbers by giving them smaller and cleaner "caves" to sleep in.