Saturday, January 21, 2017

What Microsoft's Racist Chatbot Teaches Us About Austrian Economics

I'm sure we've all heard by now about Microsoft's failed chatbot experiment (where the Internet corrupted an innocent AI in just one day).  But what does that have to do with Austrian Economics?  Just this: the programmers of "Tay" the chatbot could not have predicted what millions of Internet users were going to do, and this--the unpredictability of human actions--is the central tenet of Austrian Economics.

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