The trends are clear, more and more work that was previously done by humans are being shifted to automated systems. Factories with thousands of workers has been replaced by highly efficient facilities containing industrial robots and a few human operators, bank tellers by online banking, most parts of any logistics...
Here is a thought experiment for you. There will be some bold assumptions here, and they may be regarded unrealistic. I am aware of that and the purpose of this query is not to propose some truths about society in general, but to isolate certain characteristics of preferences regarding the...
There are a number of experiments that throughout the years has shown that expected utility theory EUT fails to predict actual observed behavior of people in decision situations. Take for example Allais paradox. Whether or not an average human being can be considered a rational agent has been under debate...
I formulated a little problem. Care to solve it? You are given the following information: Your task is to hide a coin in your house (or any familiar finite environment). After you've hidden the coin your memory will be erased and restored to a state just before you receiving this...