Behavioural economics

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Lean manufacture

Great dogmas

  • Signal to noise ratio?
  • Derivatives

Machines versus humans

  • Have we got the division of labour right?
  • Machine - Digital
  • Replicable, cheap, free, value  zero.
  • Ultimate fidelity
  • Fast
  • Algorithmic: will work. Needs no supervision
  • Rules
  • Deterministic
  • Literal
  • Data-dependent
  • Human
  • Analog
  • Error-prone
  • Heuristic: might work: Needs supervision
  • Slow
  • Ambiguous
  • Metaphorical
  • Evaluation
  • Triage versus redundancy
  • You can strip a deterministic process out of a messy human one
  • You can't force the genuinely intractable analog to the digital