Recent advances in Natural Language Processing- Some Woolly speculations

Natural Language Processing (NLP) per Wikipedia: “Is a subfield of linguistics, computer science, information engineering, and artificial intelligence concerned with the interactions between computers and human (natural) languages, in particular how to program computers to process and analyze large amounts of natural language data.” The field has seen tremendous advances during the recent explosion of … Continue reading Recent advances in Natural Language Processing- Some Woolly speculations

Chesterton’s fence and thinking using sayings

“Common sense is a chaotic aggregate of disparate conceptions, and one can find there anything that one like.” -Antonio Gramsci I. Chesterton's fence is the principle that: "Reforms should not be made until the reasoning behind the existing state of affairs is understood. " (Courtesy of Wikipedia) It sounds so very reasonable- simply a more … Continue reading Chesterton’s fence and thinking using sayings

The Kaldor-Hicks efficiency criterion and transfer programs

The Kaldor-Hicks efficiency criterion is a test in welfare economics against which hypothetical policies are often measured- click here for the Wikipedia article. We've clashed horns with it many times on this blog. Here is another demonstration of the absurdity of the Kaldor-Hicks criterion: it implies that we should abolish all transfer programs. Perhaps you … Continue reading The Kaldor-Hicks efficiency criterion and transfer programs