Some say we shouldn't tolerate algorithms influencing our lives but not "adequately" explaining their reasoning. What will happen when these folks realize that market prices almost never adequately explain their levels or changes?
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Our complain with algorithms influencing our lives is they are on a small enough dimensional plane that we can intuit its happening and how simplistic they are. Which markets are the same but high enough dimensionally we can't intuit it;)
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Not sure I understand. Is there another way to describe the “dimensionality” you’re referring to?
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Prices are both informational outputs and are inputs into consumer choice; algorithmic outputs are not opportunities for granular decisions on the part of consumers. They’re only actionable, explicit information in 1 direction
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