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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 .”
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Minsky and traditional
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.
Similar to traditional Zen koans, this koan has a possible concrete and correct answer: just as the room is not really empty when Minsky shuts his eyes, neither is the neural network really free of preconceptions when it is randomly wired.
The principle of confocal imaging was patented in 1957 by Marvin Minsky and aims to overcome some limitations of traditional wide-field fluorescence microscopes.
Minsky and banking
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.
With banking commentators such as Mayer and Minsky no longer opposing Glass-Steagall repeal, consumer and community development advocates became the most prominent critics of repeal and of financial “ modernization ” in general.
Minsky and further
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.
Minsky proposed further controls of finance to limit the creation of “ liquidity ” and to “ promote smaller and simpler organizations weighted more toward direct financing .”
Minsky and finance
In the field of finance, Hyman Minsky put forward a theory of financial crisis based on financial fragility, which has recently received renewed attention.
Minsky and “
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.
Among them are: John Draper ( also known as Captain Crunch ), infamous phone phreaker ; Bill Gates, Harvard dropout and “ cocky wizard ” who wrote Altair BASIC ; Richard Greenblatt, the “ hacker's hacker ”; Steve Jobs, visionary ; Marvin Minsky, “ playful and brilliant " MIT professor who headed the MIT AI Lab ; Richard Stallman, The Last of the True Hackers ; and many, many others.
Minsky and more
Minsky describes a more congenial variation of Lambek's " abacus " model in his " Very Simple Bases for Computability ".
Isaac Asimov described Minsky as one of only two people he would admit were more intelligent than he was, the other being Carl Sagan.
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.
Robinson, Paul Davidson and Hyman Minsky were notable for emphasising the effects on the economy of the practical differences between different types of investments in contrast to Keynes more abstract treatment.
Currently there are more than 25 faculty and academic research staff members, and two emeritus professors, Marvin Minsky and Seymour Papert.
University space-allocation politics being what it is, Minsky found that although Project MAC as a single entity could not get the additional space he wanted, he could split off to form his own lab and then be entitled to more office space.
In some counter machine models ( e. g. Melzak ( 1961 ), Minsky ( 1961 )) and most RAM and RASP models more than one object / mark can be added or removed in one operation with " addition " and usually " subtraction "; sometimes with " multiplication " and / or " division ".
Minsky and toward
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.
Minsky and from
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.
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.
Marvin Minsky, one of the pioneering computer scientists in artificial intelligence, relates emotions to the broader issues of machine intelligence stating in The Emotion Machine that emotion is " not especially different from the processes that we call ' thinking.
In a step-by-step process, Minsky constructs a model of human intelligence which is built up from the interactions of simple parts called agents, which are themselves mindless.
Minsky said 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 his pioneering paper, Minsky wrote: " My first vision of a remote-controlled economy came from Robert A. Heinlein's prophetic 1948 novel, Waldo.
In 1988, continuing this research, Hillis received a PhD in EECS from MIT under doctoral advisers Gerald Jay Sussman, Marvin Minsky and Claude Shannon.
At NMSU, Lanier met Marvin Minsky and Clyde Tombaugh, and took graduate-level courses ; he received a grant from the National Science Foundation to study mathematical notation, which led him to learn computer programming.
The early Project MAC community included Fano, Minsky, Licklider, Fernando J. Corbató, and a community of computer programmers and enthusiasts among others who drew their inspiration from former colleague John McCarthy.
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.
This is essentially the same problem Marvin Minsky introduced with respect to the perceptions of the first neural networks In either case, by translating functions from digital logic or look-up table domains into the CNN domain, some functions can be considerably simplified.
Minsky and similar
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:
One CNN architecture consists of an additional layer, similar to the ANN solution to the problem stated by Marvin Minsky years ago.
Minsky and after
Neural network research stagnated after the publication of machine learning research by Minsky and Papert ( 1969 ).
Minsky and financial
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.
Hyman Minsky offered a related theory, ( the financial instability hypothesis ), where financial regulations, practices and norms naturally relax as a boom goes on, due to general exuberance, regulatory capture, or intellectual decline among the regulators and other actors in the system.
Minsky and by
The principle was patented in 1957 by Marvin Minsky, although laser technology limited practical application of the technique.
Minsky described ever worsening periods of inflation followed by unemployment as the cycle of rescues followed by credit crunches was repeated.
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.
At the same time the theory of the perceptron was advanced by Marvin Minsky and Seymour Papert at MIT.