|Email by Dr. Peter Diamandis|
a Greek American engineer, physician, and entrepreneur best known for being founder and chairman of the X Prize Foundation, co-founder and executive chairman of Singularity University and coauthor of The New York Times bestsellers Abundance: The Future Is Better Than You Think and BOLD: How to Go Big, Create Wealth, and Impact the World. He is former CEO and cofounder of the Zero Gravity Corporation, cofounder and vice chairman of Space Adventures Ltd., founder and chairman of the Rocket Racing League, cofounder of the International Space University, cofounder of Planetary Resources, founder of Students for the Exploration and Development of Space, vice chairman and cofounder of Human Longevity, Inc. pact the World.
Here is an email sent to me with encouraging news on the Coronavirus pandemic. This information is entirely Dr. Diamandis’ content sent to me and I thought it to be of interest to the visitors / readers of the Business Thinker, LLC .
When will the FDA approve the first vaccine? How many people (in total) will be infected by COVID-19 globally over the next year?When will the stock market (DOW) hit bottom?
(Note: If you like this blog, share it! | Facebook | Twitter | LinkedIn | Read on Diamandis.com | Or send your friends and family to this link to subscribe!)Ever hear of “Crowd Intelligence” or “Wisdom of the Crowd?” It’s a process by which a large enough group of sufficiently knowledgeable people are able to make a reasonably accurate prediction on a future outcome. he Crowd Polling” to help us answer today’s most important questions.
Ever hear of “Crowd Intelligence” or “Wisdom of the Crowd?”
It’s a process by which a large enough group of sufficiently knowledgeable people are able to make a reasonably accurate prediction on a future outcome.
Whether in predicting election outcomes, economic trends, sports results, or even terrorist activity, crowdsourced wisdom has time and again matched or (often) outperformed expert predictions.
Starting in the early 2010s, a project sponsored by the U.S. Director of National Intelligence — the Good Judgment Project — demonstrated that 3,000 moderately informed minds could together outperform even the top foreign policy experts or CIA analysts on questions ranging from Turkey’s adoption of a new constitution, to U.S.-E.U. trade deals.
“We just needed lots of people; we had very few restrictions […] We wanted people who were interested, and curious, who were moderately well-educated and at least aware enough of the world around them that they listened to the news,” explained UC Berkeley associate professor Don Moore, who co-led the project.
According to one report, when ‘super-predictors’ (crowdsourced individuals who are correct most often) are grouped in teams, these smaller ‘crowds’ can outperform agents with access to classified information by up to 30 percent.
So, welcome to FutureLoop, a platform that combines Machine Learning-driven news aggregation with “Wisdom of the Crowd Polling” to help us answer today’s most important questions.Our first question is: “What is the earliest date by which the FDA will approve the first COVID-19 Vaccine?“Click on the question to answer and participate!What is FutureLoop and how do I use it? FutureLoop uses machine learning (ML) and human intelligence (HI) in a symbiotic loop, one that iterates to produce accurate, aggregate predictions, and offers anonymized reasonings for those predictions.By anonymizing and aggregating thousands, or even millions of user-submitted predictions and justifications, FutureLoop then presents these analyses to users, allowing you to interrogate the analysis, and then update your own estimate whenever you change your mind.Users can also vote on the reasons provided by other users for their predictions (a crowd-filtering layer that helps us understand why people lean the way they do).These upvoted predictions and reasons, in turn, get put at the top of the heap, alerting all users of the latest crowdsourced opinions.
Join the LoopJoin FutureLoop: Over the past 2 years, I’ve built a machine-learning algorithm that scrapes the world’s news, science journals and social feeds every day to understand how exponential technologies are impacting specific topics & industries. It’s called FutureLoop. I was getting ready to share it publicly, but the current crisis has changed my plans.Last week, I launched “FutureLoop Pandemic Special Edition,” a daily comprehensive update on the impact of exponential technologies (AI, Robotics, Drones, Cellular Medicine, CRISPR, Networks & Sensors) on the COVID-19 pandemic.If you participate, FutureLoop will update you every day on the latest breakthroughs in detection, prevention & cure of the COVID-19. This product is still in Beta, but it’s powerful, high-quality info, and it’s free.Your mindset is your most important tool during this pandemic. Making sure you are consuming the right information is critical to maintaining that mindset. FutureLoop offers “Data-Driven Optimism.”You can subscribe here. It’s free, fun + fast (20 seconds).(Note: If you like this blog, share it! | Facebook | Twitter | LinkedIn | Read on Diamandis.com | Or send your friends and family to this link to subscribe!)
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Dr. Allan H. Meltzer is an American Economist and the Allan H. Meltzer professor of Political Economy at Carnegie Mellon University’s Tepper School of Business. He is the author of a large number of academic papers and books on monetary policy and the Federal Resrve Bank. Dr. Meltzer’s two volume books, “A History of the Federal Reserve”, are considered the most comprehensive history of the central bank. He is considered one of the world’s foremost experts on the development and application of monetary policy. Currently he is also President of the Mont Pelerin Society. Dr. Meltzer originated the aphorism “Capitalism without failure is like religion without sin. It doesn’t work.”
This is a monthly column written by Professor Meltzer for Defining Ideas of the Hoover Institution.
It is posted in http://www.hoover.org/research/
Our Constitution is explicit about who makes laws. Article 1 says: “All legislative powers herein granted shall be vested in a Congress.” One might think that the clause could not be misinterpreted or ignored, but it has been. An overwhelming number of federal laws are now made by administrative agencies under the executive branch. Our Constitution provides a government of checks and balances to protect citizens against tyranny, but these agencies are not subject to those checks and balances and they run roughshod over our liberty.
They pass their own rules and enforce the rules they make. In the event of challenge, they adjudicate the matter and issue judgments. Complaints can be heard in the regular court system, but that is a slow process. An outrageous example was a decision that closed a major accounting firm—Arthur Andersen—in 2003. By the time, the courts decided that the administrative decision was wrong, the Arthur Andersen personnel had scattered and the offices had closed. That is one well-known example but there are many others.
Dr. Periklis Gogas, Associate Professor, Department of International Economics, Democritus University of Thrace, Greece.
Neoliberalism is a term that can be traced back to the 1930’s. It was introduced then by the people who were looking for the middle way between the classical liberalism of the laissez-faire doctrine and the emerging –at that period- socialism. The usage of the term declined in the 1960’s and it was reintroduced in the 1980’s. This time, it was mainly used to describe the classical liberalism by its critics, thus adding negative connotations as its meaning was shifted to the laissez-faire principles.