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An advisory service could recommend a hostile takeover, but not execute it. You don't need to solve an NP hard problem to beat human intervention. You just hav
by jackcosgrove 11y ago
An advisory service could recommend a hostile takeover, but not execute it.
You don't need to solve an NP hard problem to beat human intervention. You just have to be faster and more accurate.
I do think that computers could outperform humans on the supply side, calculating the costs of production relative to competitors better than humans. The demand side is trickier but again computers would do a better job calculating available cash and then ranking marginal goods' likelihood of being purchased based on existing prices.
As long as prices and production processes are public knowledge computers will do better than people at modeling the economy. Humans only gain an advantage through insider knowledge and trade secrets.