Would a giant super computer be able to predict the economy better than (((economists)))?

Would a giant super computer be able to predict the economy better than (((economists)))?

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armstrongeconomics.com/blog/
en.wikipedia.org/wiki/Aladdin_(BlackRock)
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The model's variables and functions would still be arbitrarily determined by humans so no

can a computer play slots better than a human can?

garbage in garbage out

this

nice cable management

The economy is largely driven by sociological changes and government manipulation outside the eyes of the public, that's why economists suck so much. You really think the average economist is factoring in how much funding Saudi Arabia is giving to Green Peace to prevent US off shore drilling? How about which way the French Election was going to go, and thus whether muslims would continue to infect France?

Maybe as good as some of the best. I was doing research into applying neural networks and support vector machines to predicting finance and I saw papers where people had decent results.

The economy it's indeed driven by sociological issues, like a country chosing the wrong type of goverment, or how much undocumented transactions happen in the drug market.

There is a black cube with all human life reproduced. They use it to predict outcomes and to plan their moves. It is literally an Oracle.

Martin Armstrong built an AI that predicts economic krachs to the day.

armstrongeconomics.com/blog/

It's possible that with the write kind of schema tagging, you might be able to make a neural net prediction algorithm for the stock market? But it wouldn't be able to account for random catastrophe's

No

This. People don't understand economics is more of a humanities subject than a science. It can't be solved by equations and formulas. Things like supply and demand are simplified models to explain very complex interactions among millions of people.

Too much math doesn't work in economics for exactly the reasons these anons listed. The greatest economists and writers on the subject point that out.

Google:

Robert Mercer
Medallion fund

This paid for Trump

The same tech was used in targeted ads to win with half of Hillary's budget

HFT. Google it

Also, Google the Libor Scandal

Modern monetary economy is a joke. It will die soon enough.

Fapped in 30 sec flat .

No, both are shit at it.

There are qualitative element that have an impact on markets which computers could not properly asses without human help.

You could for example say that a dry growing season would have a negative impact on commodity prices for oranges but wouldn't be able to asses it without seeing its effects on orchards for yourself.
A war in the middle east could halt the flow of oil from specific oilfields but the likelihood of that war lasting would be up for a human to decide, etc.

old paradigm not taking into account quantum computing, big data and machine learning

That's true, machines will get better. There is however no denying that at this point, without help, the subtleties are too finite for a computer to detect.

Take for example the effect of consumer confidence on stock values, they are in fact just feelings. A board member reading a quarterly report that has underperformed can instill confidence simply by the way he reads it, the explanations given, and even his demeanor.
If everyone was only using computer models, this would have no effect but when money starts to flee, people start to panic as well.

You are talking out of your ass. Computers are doing this now

You can auto trade buttcoin on your desktop for a profit

Medallion fund

Machine leaning is going to make it better

>Tell a perfectionist to do a job

en.wikipedia.org/wiki/Aladdin_(BlackRock)

Why not just 4 big plug ins? Are people who work in it retarded?

The computer begins to take into account every deal and every shady deal.

the computer takes into account it's own output is monitored and affects the economy.

the computer self destructs.