Bounded Rationality – Socratic Wisdom

By working with emotionless machines as a yardstick, the impact of our emotional disturbance upon our decision-making ability can be mitigated. Conversely, we, humans, can continuously make improvements upon the existent systems in order to refine their accuracy, reduce errors, and expand their capacity to deal with larger volumes of data and information. Such augmented human capacity aided by computers, machines, Big Data and AI will undoubtedly continue to be the heart of our future societies. Continue reading Bounded Rationality – Socratic Wisdom

Depicting the Tulip Mania Bubble

In the late 17th century and early 18th century, a number of skilful painters emerged in the Netherlands and masterfully depicted the opulence of various flowers including the precious “Semper Augustus. ” Otto Marseus van Schrieck, Willem van Aelst and his protege Rachel Ruysch are amongst such masters. Their paintings are inevitably vanitas, depicting the decadence of rising prosperity, recurring cycles of the rise and fall, and inevitable death and decay. They certainly had the knowledge of the tulip bubble and evaporation of it. They are the wonderful visual reminder of boom and bust that we never cease to wake up to. Continue reading Depicting the Tulip Mania Bubble