FleaStiff
FleaStiff
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Joined: Oct 19, 2009
October 21st, 2017 at 2:26:16 PM permalink
Over at Diversity Tomorrow I just posted a /. reference to Technology Review article wherein AI experts used historical data to make 3.5 percent profit and used random bets that resulted in a 3.3 percent loss.

Once they started betting for real, the bookies promptly restricted their accounts as having some "edge".

Should have used some of that 3.3 percent as "cover".
FleaStiff
FleaStiff
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Joined: Oct 19, 2009
October 22nd, 2017 at 3:05:59 PM permalink
It seems the bookies had hired better AI experts and hired them sooner.

Deep Learning Neural Networks is the only field where you make a program intentionally work at far less than optimal settings (to avoid over fitting) and then wind up with an optimal program anyway.
gamerfreak
gamerfreak
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Joined: Dec 28, 2014
October 22nd, 2017 at 3:15:39 PM permalink
My favorite CS joke is that Artifical Intelligence is just what computer scientists like to call statistics.
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