Saturday, February 26, 2011

Commemorating Discovery's Last Launch

In commemoration of the Space Shuttle Discovery's last flight, I decided to post a link to the YouTube videos of MIT's Fall 2005 session of Aircraft Systems Engineering (16.885J). The course was co-taught by ex-shuttle astronaut Jeffrey Hoffman and ex-NASA official Aaron Cohen. It featured many guest speakers from the Shuttle program who went into a lot of technical detail about the system's design and operations.

All of the videos are good but my favorites are,

Whenever I need a hard-core technical fix, I watch one of these videos. Works every time. These were real engineers.

Other materials from this course are available on MIT's OCW website.

Thank you Discovery for twenty seven years of service. It's disappointing that the space program is returning to rockets. It's just so 20th century.

Rickards on Global Sovereign Debt

It's one thing to read tin-foil hat blog posts about the impending collapse of the global economy. It's another to watch the same message from James G. Rickards, a (seemingly) intelligent and credible source.

I liked Rickard's approach of using dynamic systems theory to analyze global markets and economies. The technique changes the conversation from a philosophical one (i.e. Keynesian vs. Monetarists vs. Austrian) to a scientific, empirical one.

To summarize, Rickards says we're screwed. Decades of deficit spending and the bailout have led to the accumulation of an unsustainable amount of debt - no combination of growth and taxes that can satisfy the liability. Rickard's makes the point that this debt can't magically disappear, it has to be flushed from the system either through default, inflating currency, or debtors and creditors going to war. This sounds sensational until Rickards explains how this happened multiple times in the 20th century alone.

Scary stuff but worth watching. Wishful thinking isn't going to fix the current economic situation. I much prefer a data based approach to understanding and solving the problem. I hope Rickard's is wrong but, if not, I hope someone is listening.

Friday, February 25, 2011

Shared Keyboard Madness

I'm not alone in my mechanical keyboard madness. Arstechnica posted a good video about ergonomic keyboards. Their recommendation? Mechanical switches and a split layout.

I'm really enjoying the Kinesis Contoured keyboard. The wrist pain I was experiencing has disappeared. I only wish I had a second one for home as it is now uncomfortable to go back to using the MS Natural Ergonomic - the rubber dome keys require a lot more force.

Sunday, February 20, 2011

More Watson

There is a lot of good information available online about Watson. Many of my friends have wondered about Watson's wagering algorithms so I was happy to find this blogpost and video by IBM research. I find Watson's avatar endearing, this video on its creation was fun to watch.

Part of me wonders if (read hopes that) Watson will inspire a whole new generation of AI researchers.

Thursday, February 17, 2011

Watson Wins!

Well, Watson won Jeopardy!. It's an amazing feat. I look forward to seeing where IBM takes the technology.

NOVA has made their episode on Watson's creation free to watch online. IBM has posted a YouTube video of a talk by Dr. David Ferrucci on the overarching DeepQA project. Ken Jennings, one of the human contestants, gave an entertaining live Q&A.

I would love to write software for a system like Watson. As a kid, I was fascinated by fictional super-intelligent computers like HAL, WOPR, and MCP. Over the past year, I've rediscovered a strong interest in data mining and machine learning. While I've helped develop server and storage systems capable of hosting such applications, I have not yet worked with these technologies directly. This is something I'm considering as part of my annual career planning.

Friday, February 11, 2011

Andrew Lo, Kill the Quants

A good talk by Andrew Lo, Director of the MIT Laboratory of Financial Engineering, on the merit of blaming quantitative methods for the subprime crisis.

Lo main assertion is that,

"blaming quantitative methods for the financial crisis is like blaming accounting and the real number system for accounting fraud"

Instead, he suggests blaming the people that used the methods inappropriately rather than the methods themselves. From what I've read of the subprime crisis, I agree.

Lo partially demystifies the subprime crisis by using a simple example to explain collateralized debt obligations. He demonstrates how pooling loans and securitizing them into new bonds in multiple traunches can produce both higher and lower quality investments. He explains that it was securitization that allowed subprime loans to find their way into low risk funds like pensions and money markets. He also demonstrates how the method fails when the underlying loans are highly correlated.

Lo then discusses the crisis preconditions that Charles Perrow puts forth in his book "Normal Accidents",

  • Complexity
  • Tight Coupling

To this Lo adds an additional precondition,

  • The lack of (frequent) negative feedback

Lo asserts that under these conditions, human behavior naturally leads to crises like the one in 2008. His points greatly reminded of those made by Richard Bookstaber in his book "A Demon of Our Own Design". I found Lo's argument compelling. Without frequent negative feedback, conditions build to a point where proactively unwinding them becomes impossible - the cost is too great to actively decide to incur. The cost inevitably comes but without conscious action.

In closing, a great talk worth watching.