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Joined 2 years ago
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Cake day: May 10th, 2022

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  • I haven’t read this article as the statement is simply wrong. AI is just a technology. What it does (and doesn’t) depends on how it is used, and this in turn depends on human decision making.

    What Google does here is -once again- denying responsibilty. If I’d be using a tool that says you should put glue on your pizza, then it’s me who is responsible, not the tool. It’s not the weapon that kilks, it’s the human being who pulls the trigger.







  • I suppose that’s the mechanism they’re using to centrally manage the economy, by controlling fund transfers to lower levels of government.

    I would agree with this view. The local governments are responsible for the majority of spendings (including pensions, health care), but they can barely raise funds themselves.

    The central government has already said that the new debt will be forwarded to the local government, and that it will be ‘off-budget’, meaning the money goes to LGFVs. The future will tell us how this ends up, but the risks are high imo given the country’s debt burden is so much higher than in most other countries as you suggested.


  • The real change in retail pricing might be discrimination pricing (or ‘surveillance pricing’ as it is now called sometimes). Simply speaking, it uses personal data to personalize prices not just for each customer, but also for each customer depending on actual circumstances such as day time, weather, an individual’s pay day, and other data, collected through apps, loyalty cards, …

    As one article says, there is One Person One Price:

    "If I literally tell you, the price of a six-pack is $1.99, and then I tell someone else the price of a six-pack for them is $3.99, this would be deemed very unfair if there was too much transparency on it,” [University of Chicago economists Jean-Pierre] Dubé said. “But if instead I say, the price of a six-pack is $3.99 for everyone, and that’s fair. But then I give you a coupon for $2 off [through your app] but I don’t give the coupon to the other person, somehow that’s not as unfair as if I just targeted a different price.”

    The linked article is a very long read but worth everyone’s time. Very insightful.