You say that A machine with only primary consciousness will probably have to come first. That’s the way evolution proceeded:…
In Death Knocks, Woody Allen provides a new treatment to a classical theme: a man seeing himself on a final mission succeeds in buying time from the ineluctability of death by challenging a personified death to a game that he wins, gaining so a temporary reprieve. The allegory reminds us that life amounts in every […]
Since Roy Lichtenstein made a lasting impression on the fine arts’ scene by turning individual frames of comic strips – or at least a likeness of them – into paintings, expanding to their new scale the standard pointilliste techniques for representing shading on newspaper-quality paper, a point of transit has been established between the exclusive […]
In January of this year, I gave a talk in Paris, at University of Paris X – Nanterre, to a group of economists on “Value and price.” The paper was published online in April in “La gazette permanente du MAUSS” (1). It is in French – as suits speaking in Paris. There is however an […]
Blame is flying in all directions: mortgage lenders had stopped bothering whether or not borrowers could repay as they were passing the buck to Wall Street anyway; Wall Street firms were using subprime mortgages of any denomination as innocuous stuffing in Collateralized Debt Obligations (CDOs); regulators failed to curb the worst forms of abuse – […]
This is a bit of a detective story, a bit of a puzzle. The method is archaeological.
This morning a colleague of mine sends me an e-mail entitled “importance of correlations.” There are several attachments. One of them is an article by Don Chance entitled “Rethinking Implied Volatility” (*). In it, the author writes […]
I was driving along the Pacific Coast Highway on the morning lap of my daily commute and was listening to the classical music program broadcast from the University of South California and I was thinking to myself “This is great, this is what we like to hear on a classical music station: something different. What […]
What we did last Saturday was a bit over the top: we drove 200 miles to have dinner. We’re bound to have eaten too little on Friday night as we woke up the following morning wondering where to have dinner. We ruled out our default solution, the zero degree of our imagination, Gladstone’s in Pacific […]
The first Greenspan and Kennedy paper (*), published in 2005 provides figures about equity extraction in the US over the 1990 to 2005 period. In the first diagram, the numbers for cash-out extracted at the occasion of refinancing are shown along origination of Home Equity Loans and Lines of Credit. There is no essential difference […]
Poor Mr. Greenspan: can’t open his mouth without giving investors the heebie-jeebies!
He promised he would be quiet, just like his predecessor Mr. Volcker was about monetary policy when he himself took over. Even when he only whispers, people pay a lot, a lot of attention, and go into a frenzy of wanting to […]
In a well-documented recent paper (*), Joseph R. Mason of Drexel University and Joshua Rosner of Graham Fisher & Co. ask if a chain of events has not begun unfolding that will end up in a situation where funding for the mortgage industry is massively curtailed. In their paper, Mason and Rosner draw a parallel […]
You say that A machine with only primary consciousness will probably have to come first. That’s the way evolution proceeded:…
It’s becoming clear that with all the brain and consciousness theories out there, the proof will be in the pudding.…
I fear your views of AI are pretty much outdated. They pre-date in any case neural networks. What you are…
Unfortunately IA is not The solution… We have to think outside the box… And IA just calculate fast but inside…
very well my brother
[…] Source : “Who were We?”, forthcoming at Fayard in May 2018 – Paul Jorion’s Blog […]
Until we find aliens similar to us elsewhere in this universe who have solved the problems we humans have created…
It is a fact that the largest part of the planet’s media is controlled by right wing capitalists. Their intention…
Bonjour Monsieur Jorion, j’espère que vous allez recevoir mon mail parce-que la fonction “contact” du blog français ne fonctionne pas…
When I looked up this video, they’re were only 488 views. This is appallingly insufficient. Where are the old boys…
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