Sure you do. Two mediocre programmers working as a pair might get 100k each. One elite programmer can clear 7 figures easily. The elite programmer will also have much more control over the IP they create and be able to negotiate much more stringent terms for how it is used.
If you think pair programming is a good idea you are just at the bottom of the industry.
> I think we have to have a conversation over what part of the infrastructure stack is right to police content
how about no part of it? if the founders of the united states were able to create the world's most powerful nation without giving themselves the right to censor speech then why should any private company need the right to censor speech?
when wealth and income disparity are at an all time high then for the ruling class paralysis is the best policy.
the only voice that matters is the voice of wall street and the voice of the corporate elite.
as long as politically irrelevant people on the left and right are busy yelling at each other about irrelevant issues that have no effect of wealth and income distribution then everything is going according to plan.
don't forget that producing all this content costs 10's of billions per year so someone has to pay for it. both the cost of production and the amount produced keeps increasing so prices need to go up to.
I find the costs for producing films and TV shows a bit absurd. I'm sure they can optimise a lot, but they don't because they're used to paying 100 million dollars for a superhero movie. They can easily get 99% of the production value at far lower cost.
I find the costs for producing films and TV shows a bit absurd
I'm sure that if you, dingo_bat, were in charge of a film studio or TV company, you'd no doubt find incredible ways, overlooked by everyone else in the industry, to dramatically cut costs and increase profits.
i am not sure that it is directly tied to monopoly. paying for a subscription reduces friction for watching individual shows/channels so it increased total viewership and total consumption. every pay point you add adds more friction so will reduce consumption. that is true whether you have monopolies or not. you could have 5 competitors and they would all maximize profit by selling bundles.
word. unlicensed content delivery platforms still vastly superior in terms of quality and depth of content after over a decade and billions spent by netflix, hulu, etc. if you really want people to pay for a product you should offer better quality than the people who give it away.
The quality may be better, but can you stream pirated content on, say, an iPad app or on a pre-installed TV app? Netflix and other legal providers seem to have a real value proposition versus illegal providers, but I'll admit it's been several years since I've taken any interest in piracy.
It is an unfortunate misconception that statistical probability can be used to predict the future.
Any time you extend a statistical model temporally it immediately becomes mathematically invalid since probabilistic statistics are only valid for a fixed population at a fixed moment in time.
Unfortunately business and government is rife with people predicting the future based on statistical models that have no more mathematical validity than reading tea leaves.
What??? Prediction is certainly a type of extrapolation, but to claim that it's "mathematically invalid" reveals a severe lack of knowledge on your part. In fact, under parametric assumptions about the data generating mechanism, we can exactly quantify the expected coverage of prediction intervals. That's literally a standard topic in an introductory statistics course.
Hello, I think Calafrax is probably right. :o) I think you implicitly agree because you say "under parametric assumptions..." which means you know whats going on; but to make the point->
Statistics as we know it "works" (can be derived) under the assumptions of controlled experimental data. As a thought experiment think about the weather - we know that if we build a classifier that predicts the weather in my garden tomorrow based on the history of the weather in my garden it will do very badly. Why - well because weather is very very very complex; the range of behavior is vast. But worse, it's unstable. The weather in my garden is driven by several complex systems; the ocean, the atmosphere, the earth's orbit and sol! Statistics can't predict the future of the weather in my garden.
Statistics also can't predict other things like the future of the financial markets (not least because if you find a statistical law about that they you will act on it and then screw it up)
It's important to me to bang on about this because there are loads of people who sit through their introductory courses and read the example of predicting a biased roulette wheel. Years later they end up running the company/country/community that I live in and they have a view that they can use the same principles to do it... and this thinking leads to nasty surprises for me.
> if we build a classifier that predicts the weather in my garden tomorrow based on the history of the weather in my garden it will do very badly
Give me hourly readings of temperature, wind speed, wind direction, precipitation, cloud cover and barometric pressure for the last 10 years and I can give you a very accurate prediction of tomorrow's weather in your garden.
Hello, interestingly governments and private industries have invested a very large amount of money in the launch of satellites, development of supercomputers and code and the training of forecasters to interpret them.
Many years ago I actually seriously tried to do what you describe above, I tried out all sorts of things around seasonal analysis and other features. What kills it is the chaotic nature of UK weather due to the jetstream and NAO.
is that a joke? weather predictions are notoriously unreliable even though they are given with extreme granularity.
that aside you are missing a larger point. if you predict the future based on past data all you are saying is "the future will be the same as the past." you aren't predicting anything. you will be wrong every single time something novel occurs, which is pretty frequently in the real world.
From your link : "Why are weather forecasters succeeding when other predictors fail? It’s because long ago they came to accept the imperfections in their knowledge. That helped them understand that even the most sophisticated computers, combing through seemingly limitless data, are painfully ill equipped to predict something as dynamic as weather all by themselves. So as fields like economics began relying more on Big Data, meteorologists recognized that data on its own isn’t enough."
Quantifying uncertainty is one of the main points of statistics. Don't confuse the limitations of point estimates provided by machine learning techniques with all of statistical practice.
i am not sure what that article is supposed to prove. it doesn't contain any study results on the accuracy of meteorological predictions.
I don't have the data handy but to the best of my recollection weather forecasting for high/low temperature and precipitation does pretty well for the range of 24-48 hours but declines steadily in accuracy, and is no better than random guess around 2 weeks out.
That said, you are not addressing my other point, which is that "weather prediction" is just saying "things are going to stay the same." You are always starting with a set of conditions and then looking at your records and seeing what happened in similar conditions and predicting that the same thing will happen again.
Predicting that things will stay the same may come out as better than random guess in many cases but it will still be 100% wrong in cases where something novel happens.
The point is, statistical prediction is definitely a thing, and is not "mathematically invalid" - it's mathematically well defined, with predictable consequences (increasing variance as the extrapolation becomes greater). Certainly, statistical models are not Crystal balls, but they never claimed to be. If you have a reasonable frequentist model and good data about an ongoing process, you should be able to make predictions with reasonable confidence bounds. If you have a reasonable Bayesian model and good data about an ongoing process, you should be able to coherently quantify your uncertainty about the future state of the system.
Obviously, this is more or less feasible in practice, depending on the phenomenon under study. Calling markets unpredictable is not evidence against the existence of rigorous frameworks for statistical prediction.
Don't let bad experiences with inexperienced and overconfident practitioners blind you to established, uncontroversial, mathematical truths.
economics: as market share for electric cars grows demand for gasoline goes down and the price for gasoline (already low) goes down thus exacerbating the already large gap in cost between electric and gas.
electric will always be a victim of its own success unless it can actually become competitive with ice on cost and energy density.
remember that the baseline cost for an ice car is about $1000 (used) and $5000 (new). there is a world outside of california (shock) and it has billions of potential customers.
It is incredibly low for bonds in the "junk" trough. For companies with Tesla's credit rating, you're typically looking at 6.5-7.8%. If you're GE, you're of course going to pay a lot less, but GE has a much more robust credit history.
