Isaac Asimov described Minsky as one of only two people he would admit were more intelligent than he was, the other being Carl Sagan.

Economist Hyman Minsky also described a " paradox of deleveraging " as financial institutions that have too much leverage ( debt relative to equity ) cannot all de-leverage simultaneously without significant declines in the value of their assets.

Earlier critics of the 1933 Banking Act, and of other restrictive banking regulation, argued it did not prevent the return of financial instability beginning in the mid-1960s. Hyman Minsky, a supporter of traditional banking regulation, described the 1966 return of financial instability ( and its increasingly intense return in 1970, 1974, and 1980 ) as the inevitable result of private financial markets, previously repressed by memories of the Great Depression.

During April 2009, U. S. Federal Reserve Vice Chair Janet Yellen discussed the " Paradox of deleveraging " described by economist Hyman Minsky: " Once this massive credit crunch hit, it didn ’ t take long before we were in a recession.

He was also technically a supervisor of Marvin Minsky, and helped organize the first ever public meeting on Artificial Intelligence ( AI ) with Minsky in 1955.

Hyman Minsky agreed financial instability had returned in 1966 and had only been constrained in the following 15 years through Federal Reserve Board engineered “ credit crunches ” to combat inflation followed by “ lender of last resort ” rescues of asset prices that produced new inflation.

In the following, Marvin Minsky defines the numbers to be computed in a manner similar to those defined by Alan Turing in 1936, i. e. as " sequences of digits interpreted as decimal fractions " between 0 and 1:

The principle was patented in 1957 by Marvin Minsky, although laser technology limited practical application of the technique.

Papert has been called by Marvin Minsky " the greatest living mathematics educator.

The principle of confocal microscopy was originally patented by Marvin Minsky in 1957, but it took another thirty years and the development of lasers for CLSM to become a standard technique toward the end of the 1980s.

The series was created by Terri Minsky.

Minsky, however, supported traditional banking regulation and advocated further controls of finance to “ promote smaller and simpler organizations weighted more toward direct financing .” Writing from a similar “ neo-Keynesian perspective, Jan Kregel concluded that after World War II non-regulated financial companies, supported by regulatory actions, developed means to provide bank products (“ liquidity and lending accommodation ”) more cheaply than commercial banks through the “ capital markets .” Kregel argued this led banking regulators to eliminate Glass-Steagall restrictions to permit banks to “ duplicate these structures ” using the capital markets “ until there was virtually no difference in the activities of FDIC-insured commercial banks and investment banks .”

Similar in many ways to this is the idea of mind uploading, promoted by Marvin Minsky and others with a mechanistic view of natural intelligence and an optimistic outlook regarding artificial intelligence.

* Richard Allen Minsky, who scammed female victims for sex by pretending to be jailed family members over the phone.

But perceptron models were made very unpopular by the book Perceptrons by Marvin Minsky and Seymour Papert, published in 1969.

The Society of Mind is both the title of a 1988 book and the name of a theory of natural intelligence as written and developed by Marvin Minsky.

The term telepresence was coined in a 1980 article by Marvin Minsky, who outlined his vision for an adapted version of the older concept of teleoperation that focused on giving the remote participation a feeling of actually being present.

Engines of Creation: The Coming Era of Nanotechnology is a 1986 molecular nanotechnology book written by K. Eric Drexler with a foreword by Marvin Minsky.

MIT would eventually be paid three million dollars a year by ARPA to develop time-sharing through Project MAC headed by Robert Fano with the involvement of Corbató, Dennis, and Minsky who would focus on Artificial Intelligence.

In the field of Artificial Intelligence, a frame is a data structure introduced by Marvin Minsky in the 1970s that can be used for knowledge representation.

In its early history, the organization was presided over by notable figures in computer science such as Allen Newell, Edward Feigenbaum, Marvin Minsky and John McCarthy.

Minsky ( 1986 ), cofounder of the artificial intelligence laboratory at MIT, proposes that there are agencies of the mind, by which he means any and all psychological processes.

Noftsker earned a degree in engineering from New Mexico State University and was hired in 1965 by Marvin Minsky to replace MIT's administrator of the AI Lab, Dan Edwards, who had recently left that post.

At the same time the theory of the perceptron was advanced by Marvin Minsky and Seymour Papert at MIT.

Marvin Lee Minsky was born in New York City to a Jewish family, where he attended The Fieldston School and the Bronx High School of Science.

Minsky was an adviser on the movie 2001: A Space Odyssey and is referred to in the movie and book.

In 1986, Minsky published The Society of Mind, a comprehensive book on the theory which, unlike most of his previously published work, was written for a general audience.

Although he rejected this scholarship, Martin Mayer wrote in 1997 that since the late 1980s it had been “ clear ” that continuing the Glass-Steagall prohibitions was only “ permitting a handful of large investment houses and hedge funds to charge monopoly rents for their services without protecting corporate America, investors, or the banks .” Hyman Minsky, who disputed the benefits of “ universal banking ,” wrote in 1995 testimony prepared for Congress that “ repeal of the Glass-Steagall Act, in itself, would neither benefit nor harm the economy of the United States to any significant extent .” In 1974 Mayer had quoted Minsky as stating a 1971 presidential commission ( the “ Hunt Commission ”) was repeating the errors of history when it proposed relaxing Glass-Steagall and other legislation from the 1930s.

The project was the brainchild of Marvin Minsky, Push Singh, Catherine Havasi, and others.

In 1956 Minsky and McCarthy and others organized the Dartmouth Summer Research Conference on Artificial Intelligence, where Ray was one of the original 10 participants --- he and Minsky were the only ones to stay all summer.

The distinction was also partly geographical and cultural: " scruffy " was associated with AI research at MIT under Marvin Minsky in the 1960s.

An " AI Group " including Marvin Minsky ( the director ), John McCarthy ( who invented Lisp ) and a talented community of computer programmers was incorporated into the newly-formed Project MAC.

Of note is the fact that AI pioneer Marvin Minsky was a consultant on the project of making HAL 9000 as realistic as possible according to the consensus predictions of the time ; Crevier quotes him as having said on the subject in 1967, " Within a generation ... the problem of creating ' artificial intelligence ' will substantially be solved ,", although Minsky states that he was misquoted.

Minsky: " But we will also maintain, with Turing.

But Minsky shows ( as do Melzak and Lambek ) that his machine is Turing complete with only four general types of instructions: conditional GOTO, unconditional GOTO, assignment / replacement / substitution, and HALT.

Like program flow of a Minsky machine, a flowchart always starts at the top of a page and proceeds down.

Researchers such as Marvin Minsky would write computer programs in languages such as LISP to attempt to formally characterize the steps that human beings went through, for instance, in making decisions and solving problems, in the hope of better understanding human thought, and also in the hope of creating artificial minds.

In Artificial intelligence Marvin Minsky, Herbert A. Simon, Allen Newell, and Kevin Warwick are prominent.

Marvin Minsky expanded the model to two or more tapes and greatly simplified the tapes into " up-down counters ", which Melzak and Lambek further evolved into what is now known as the counter machine model.

Advocates of procedural representations were mainly centered at MIT, under the leadership of Marvin Minsky and Seymour Papert.

Marvin Lee Minsky ( born August 9, 1927 ) is an American cognitive scientist in the field of artificial intelligence ( AI ), co-founder of Massachusetts Institute of Technology's AI laboratory, and author of several texts on AI and philosophy.

Minsky also built, in 1951, the first randomly wired neural network learning machine, SNARC.

Minsky wrote the book Perceptrons ( with Seymour Papert ), which became the foundational work in the analysis of artificial neural networks.

In the early 1970s at the MIT Artificial Intelligence Lab, Minsky and Seymour Papert started developing what came to be called The Society of Mind theory.

Minsky says that the biggest source of ideas about the theory came from his work in trying to create a machine that uses a robotic arm, a video camera, and a computer to build with children's blocks.

In November 2006, Minsky published The Emotion Machine, a book that critiques many popular theories of how human minds work and suggests alternative theories, often replacing simple ideas with more complex ones.

Once again, Minsky understood this dynamic.

Part fiction, part non-fiction, he interviews 20 big thinkers like Marvin Minsky, plus there is a B-line narrative story that illustrates some of the ideas, where a computer avatar ( Ramona ) saves the world from self-replicating microscopic robots.

Minsky ( 1967 ) observes ( as does Boolos-Burgess-Jeffrey ( 2002 ) pp. 94 – 95 ) that the U defined above is in essence the μ-recursive equivalent of the universal Turing machine: