Algorithm: Difference between revisions
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*The dogma of [[outsourcing]] is predicated on a [[playbook]]; a form of [[algorithm for the meatware]]. | *The dogma of [[outsourcing]] is predicated on a [[playbook]]; a form of [[algorithm for the meatware]]. | ||
Also of great interest to evolutionary biologists, psychiatrists and philopsophers: According to {{author|Daniel Dennett}}, the great (if unstated) insight of {{author|Charles Darwin}}’s {{br|The Origin of Species}} was that the evolutionary process was a mindless, algorithmic one, that could operate without intervention. This made him a household name when he published {{br|Darwin’s Dangerous Idea}}. | |||
That piece of magic: that the ''something'' of rice pudding and income tax that could come from the ''nothing'' of primordrial sludge, without a beneficent creator, is the basis behind the current dogmas of [[artificial intelligence]], and the belief that no intelligence, let alone [[subject matter expert]]ise, is needed to effectively run a complex process such as (for totally random example) the onboarding of trading counterparties in an investment bank. | Dennett described it as universal acid, and it certainly seems to have burned through a few synapses in the [[management consultant|management consulting]] industry. That piece of magic: that the ''something'' of rice pudding and income tax that could come from the ''nothing'' of primordrial sludge, without a beneficent creator, is the basis behind the current dogmas of [[artificial intelligence]], and the belief that ''no'' intelligence, let alone [[subject matter expert]]ise, is needed to effectively run a complex process such as (for totally random example) the [[onboarding]] of trading counterparties in an [[investment bank]]. | ||
Revision as of 12:25, 5 November 2018
a process or set of rules to be followed in calculations or other problem-solving operations, especially by a computer. An algorithm presumes all conundrums within the domain of the algorithm have been finally resolved, so the process can operate without obstruction or intervention from a guiding intelligent hand.
Compare with a heuristic.
Of particular interest in financial services:
- High-frequency trading computers follow algorithms faster and more reliably than a mortal trader could dream of;
- The dogma of outsourcing is predicated on a playbook; a form of algorithm for the meatware.
Also of great interest to evolutionary biologists, psychiatrists and philopsophers: According to Daniel Dennett, the great (if unstated) insight of Charles Darwin’s The Origin of Species was that the evolutionary process was a mindless, algorithmic one, that could operate without intervention. This made him a household name when he published Darwin’s Dangerous Idea.
Dennett described it as universal acid, and it certainly seems to have burned through a few synapses in the management consulting industry. That piece of magic: that the something of rice pudding and income tax that could come from the nothing of primordrial sludge, without a beneficent creator, is the basis behind the current dogmas of artificial intelligence, and the belief that no intelligence, let alone subject matter expertise, is needed to effectively run a complex process such as (for totally random example) the onboarding of trading counterparties in an investment bank.