Monday, December 22, 2014

Quantum computers in finance

My January column for Research magazine looks at the implications for financial advisors of a futuristic technology. Excerpt:
Quantum physics, or quantum mechanics, is a scientific field focused on the behavior of subatomic particles. It is notoriously arcane, using math to describe phenomena that run counter to common-sense assumptions. Particles, for instance, can exist in a state of “superposition,” where such properties as location or speed are defined by a probability distribution rather than a single, definite number.
To illustrate that point, much popular-level writing about quantum mechanics has invoked “Schrödinger's cat,” an imaginary scenario (discussed by physicist Erwin Schrödinger in the 1930s) in which a cat in a box supposedly can be both dead and alive, since its fate was determined by a particle process that yielded only probabilities.
Contrary to the impression one might get from reading some popular treatments, however, most physicists are not inclined to believe in dead-and-alive cats. Rather, they see superposition as a delicate state that is difficult to maintain in systems involving numerous particles (and effectively impossible in a large, active object such as a cat).
Such matters might seem far removed from the everyday concerns of financial advisors. But actually, quantum mechanics may end up being a subject of pressing importance in the advice industry. Whether that is the case depends on what happens with quantum computing, a technology that is now in its infancy but which—if its proponents’ ambitious visions are on target—could reshape finance and much else.
Read the full article: "Can Advisors Handle Quantum Computers?"

Wednesday, December 10, 2014

Controversial messages to aliens

There's a discussion about seeking and contacting extraterrestrial intelligence this month at Cato Unbound: "Politics, Social Theory, and SETI." It includes some effort to connect the topic to libertarianism, this being a venue of the Cato Institute, but the main focus is on whether "active SETI" or "METI" (often called Messaging to Extraterrestrial Intelligence) is a good idea, with the balance of opinion so far being 'no' and Robin Hanson even throwing in a suggestion that we scale back radio astronomy as an activity that might send a relatively easily detectable message out inadvertently. David Brin's lead essay has a lot of interesting angles, though I'd tinker with his description of the math (the left side of the Drake equation is N).

I've long been interested in this overall subject, as with this review (which originally was planned for Reason but perhaps didn't have enough of a libertarian angle for them). I'm no enthusiast of METI, which strikes me as having less upside than downside; I would prefer that such activity be delayed until some time when we know more about what might be out there (but what that knowledge might consist of and how much of it we need is hard to say). Still, restricting METI, let alone radio astronomy that might reveal our presence, requires some very murky risk assessment. For all we know, it's only if aliens do know we're here that they won't use this solar system for some sterilizing experiment or such. If, notionally, the risk of extermination by aliens who pick up our signals is anywhere near one in a billion, then unlike Hanson I'd be happy to shrug off that risk.

Friday, December 5, 2014

Let us praise io9

Lest I appear, based on the entry below, to have given up on any hope for journalism's future, let me say a positive word for io9, which has impressed me not only with a good deal of its science and sci-fi coverage (and ability to straddle that line) but also with how it's largely avoided the sleaze and obnoxiousness that generally characterizes the rest of the Gawker empire. I'm impressed in particular right now by Annalee Newitz's apology and fix for running a one-sided piece about lab animals.

UPDATE: I should mention I came across above topic via Walter Olson.

TNR RIP [updated]

Opinion journalism is not what it used to be, and if I'd known what it was going to become, I would have been a great deal less inclined to become involved in it a couple of decades ago. I spent a lot of time reading The New Republic in the nineties, and while I was overall to the right of the magazine, what I read there definitely taught and influenced me in various ways. Admittedly, I found it less interesting in more recent years, but its prospective new incarnation sounds like a true descent into journalistic and business hell. A few recommended readings:

"Is There a Peter Principle for Investors?" by Dan Drezner, Washington Post.

"A Eulogy for The New Republic" by Jonathan Chait, New York magazine.

"The incredible imploding New Republic," by Kirsten Browning, Muck Rack.

"New Republic Staffers Resign En Masse," by Dylan Byers, Politico.


I'm also pretty amused by the seemingly upbeat tone of this tweet by an NPR reporter doing an early relay of the news; "punches the accelerator" indeed:
And as for Guy Vidra, the new guy in charge there who reportedly aspired to be a "wartime CEO," he seems to have gotten his wish.

UPDATE 2: Andrew Sullivan has a post that happens to have the same headline as mine.