AI Agents and Market Efficiency: Impacts, Risks, Inequality
AI Agents and Market Efficiency
Why Agents Matter for Market Efficiency: AI agents help improve how markets work by acting as extensions of human decision-making. They assist people in making faster and smarter economic choices.
How Agents Help
How they help:
- They optimize decisions that humans might make less efficiently (due to limited attention or data).
- They can also make “good enough” decisions — quick, low-cost, and effective for everyday use.
Immediate Results
The results: Higher efficiency
Read MoreSedimentology Concepts: Grain Size, Transport & Diagenesis
Sedimentology Concepts: Grain Size, Transport & Diagenesis
(a) Krumbein’s Logarithmic Transformation (φ scale)
Why is Krumbein’s logarithmic transformation necessary? Grain-size data are not normally distributed but are skewed. Krumbein introduced the phi (φ) scale to convert grain size into a logarithmic form: φ = −log₂ (grain diameter in mm). This transformation simplifies statistical analysis of sediments and helps in easy comparison of grain-size parameters like mean, sorting, skewness,
Read MoreSant Fruitós Cycling Trip and Visit Plans
Marc: Cycling Update
Hi Marc,
I think I’ve officially become one of those people who can’t shut up about their bike.
But honestly, how could I not? Cycling has become such a big part of my life – it keeps me fit, clears my mind, and gives me a sense of purpose.
I’ve been riding for over three years now, and for the past two years I’ve been part of the Love Cycling Sant Fruitós Club. Being part of the group has really helped me stay consistent, push harder, and discover some amazing routes
Read MoreOrganizational Change Models, Resistance and Effective Methods
1. Technological Approach to Management of Change
It is based on the machine metaphor. It values technical skills, structures, and planning. Change is seen as a process that can be 100% planned and controlled. Mistakes are considered planning failures that can be avoided with better hard competencies (coordination, organizing).
2. Social and Interpersonal Approach to Management of Change
This approach rejects the machine metaphor and focuses on the human dimension. It values communication, emotional
Cyber Technology, Network Security, Cyber Law and Cryptography
Cyber Technology: Definition and Components
Definition
Cyber technology refers to the use of computer systems, networks, software, and the Internet to create, store, process, transmit, and protect digital information. It forms the technological foundation of activities performed in cyberspace.
Explanation
Cyber technology enables communication, data sharing, online services, and digital transactions over interconnected networks. It supports modern applications such as e-commerce, e-governance, online
Read MoreMedieval Castilian Literature: Epics, Lyric and Theater
Medieval Castilian Literature (SXI–SXV)
SXI–SXIII
Narrative
The minstrels, with epics, unveil the lives of heroes who stand out for their courage and bravery. The Cantar de Mio Cid is a sample of these epics in verse.
Mester de clerecía: told in verse are lives of saints and praises to the Virgin. Gonzalo de Berceo is a representative author of this tradition.
Prose
The first manifestations of prose open a new field of literature: historiography. Alfonso X, “the Wise,” is a key figure in this development.
Read MoreMercantilism and Modern Economic Nationalism
Modern economic nationalism is strongly influenced by the main ideas of mercantilism. Mercantilism sees the international economy as a competitive space where states seek power, security, and independence. Economic activity is not mainly about efficiency or cooperation, but about strengthening the nation-state and protecting national interests.
Zero-Sum View of International Trade
A central mercantilist idea that feeds modern economic nationalism is the belief that international trade is a zero-sum
Read MoreWilfred Owen: The Human Cost of War in WWI Poetry
Introduction
Give an introduction.
Wilfred Owen’s poetry provides a deep and frank understanding of the human cost of war. During World War I, he revealed the psychological, emotional, and physical torments that soldiers endured in On My Songs, Dulce et Decorum Est, Anthem for Doomed Youth, and Exposure. Owen debunks romantic notions of heroism and patriotism while capturing the horror of the battlefield through his deft use of imagery, metaphor, repetition, and historical allusions. Readers of his
Read MoreEvolution of Computing: From Mainframes to Cloud Systems
Phases of Computing Evolution
Mainframe Architecture
Definition: Mainframe architecture is a centralized computing model where a large, powerful computer performs all processing, and users access it through dumb terminals.
Key Points:
- Expensive and large-scale systems
- Introduction of time-sharing
- Dumb terminals with no independent processing power
Client–Server Computing
Definition: Client–server computing is a model where client machines perform some processing while servers handle centralized services
Read MoreComputer Generations: Technological Advancements Explained
Terminal Question 1: Explain the Evolution of Computers
Introduction
The evolution of computers refers to the systematic development of computing devices from simple mechanical calculating machines to highly advanced electronic and intelligent systems. Early computers were massive in size, extremely expensive, consumed large amounts of electricity, and were limited in functionality. With continuous technological advancements, computers have become compact, powerful, efficient, and capable of performing
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