Small Beans

Stephen Casey, NASA machine learning and artificial intelligence researcher, sits down with us to discuss economic turmoil from a complex systems perspective. Basically, he says if the value of money is modified to be reflective of the health of the ecosystem and the well-being of individuals, then global health improves automatically with less need for corrective policies or top-down controls. If I were to give you a system that was configured the same way the economy is, you’d be able to predict that we’re in a system of runaway energy expenditure. And sure enough, when we look at the actual economy, we see a system that incentivizes an increase in the output of energy over the well-being of individuals and climate change. Using the basic model of game theory, Stephen discusses how more accurate measurements of the interconnectedness of systems can help stop the madness. Griffin peer reviews! Here's an updated link to where the paper can be found online: https://www.researchgate.net/publication/3671637