On how the Indian economy after independence came to be influenced by one statistician in "... an academic institute in the quiet outskirts of a city far away from the capital...". Excerpted from the book "Planning Democracy: How a Professor, an Institute and an Idea Shaped India", by Nikhil Menon. (Link for story here.)
Good sentences:
Ultimately, the impact of planning on statistics led to a statistician shaping the Plan.
and
The Professor left India in order to be relevant in India.
Since the late nineteenth century, cultural historians have noted that the importance of love increased during the Medieval and Early Modern European period (a phenomenon that was once referred to as the emergence of ‘courtly love’). However, more recent works have shown a similar increase in Chinese, Arabic, Persian, Indian and Japanese cultures. Why such a convergent evolution in very different cultures? Using qualitative and quantitative approaches, we leverage literary history and build a database of ancient literary fiction for 19 geographical areas and 77 historical periods covering 3,800 years, from the Middle Bronze Age to the Early Modern period. We first confirm that romantic elements have increased in Eurasian literary fiction over the past millennium, and that similar increases also occurred earlier, in Ancient Greece, Rome and Classical India. We then explore the ecological determinants of this increase. Consistent with hypotheses from cultural history and behavioural ecology, we show that a higher level of economic development is strongly associated with a greater incidence of love in narrative fiction (our proxy for the importance of love in a culture). To further test the causal role of economic development, we used a difference-in-difference method that exploits exogenous regional variations in economic development resulting from the adoption of the heavy plough in medieval Europe. Finally, we used probabilistic generative models to reconstruct the latent evolution of love and to assess the respective role of cultural diffusion and economic development.
Admirable. Though Robin Williams from Dead Poets Society would likely ejaculate: 'Excrement'.
The Pax Americana playbook for international norm violations is: the US slaps sanctions on the offender. The EU expresses “concern”. The UN proposes a resolution condemning it, which gets vetoed by whichever Security Council member is most complicit. And the CIA secretly gives Stinger missiles to everyone involved.
What is utility? A modern interpretation is mathematical: it is that which is maximized (subject to constraints). This is quite similar to the modern mathematical approach that believes in 'meaning is use' (a la Wittgenstein): a straight line is that which is the shortest distance between two points etc. In the same vein, rational behavior is that which is the outcome of having maximized utilities.
From this perspective, suicide attackers for example, are fully rational. A lot of criticism of economics centered on the so-called 'failure to account for irrationality' feature, simply misses the point.
"We are sorry inform you that your submission for the Journal of Pain and Death has been rejected on account of being too life-affirmatory. We thank you for your submission and hope that you will submit to us again."
First they came as sniffles, then trickles, then in waves, and finally in gushing streams---unbidden, unannounced, unasked for---them tears that is; and threatened to overwhelm her senses, to the acute bafflement of those watching, wondering what did provoke such an onset, the released quarterly earnings only three percent below target after all. Although initially she tried to frame it as misfirings of her overwrought broom of the system, eager to remove traces of its long-dormant lachrymosal inactivity, only much later would she herself begin to grope towards its mysterious incidence and its ambiguous, weakly tethered connection to a set of distant memories she began to be convinced were systematically tampered with and set ablaze.
The observation is due to perhaps Charles Stross but the argument goes as follows: an AI tasked with efficient paperclip manufacturing may (mistakenly) destroy all matter in the universe in order to convert it to paperclips, thereby faithfully carrying out its orders. Somewhat similarly, modern corporations, which have been (legally) tasked with maximizing shareholder value are carrying out their duties faithfully, without worrying about attendant poor effects on the environment etc. From this perspective, corporations are similar to AIs and cannot override their programming (even if made aware) due to the imperative logic of goal/objective function optimization.
Is this a valid characterization of a corporation (or indeed an AI)? Why or why not? Explain in brief. (10 points)