Book Titles

Average is Over
Powering America Beyond the Age of the Great Stagnation

By Tyler Cowen

Year Published: 2013
ISBN-13: 978-0-525-95373-9
Categories: Future, Intelligence, Technology

125 Quotes Found

Quote Image Quote Page Number

Average is Over:

Whether we like it or not, breakthrough science has passed into the hands of the middle-aged.

216

Average is Over:

…a lot of the potential gains comer from using the machines to do things that humans cannot much handle or comprehend at all.

218

Average is Over:

When it comes to the relationship of the intelligent citizen with science, we will increasingly become doers and participants rather than comprehending observers.

220

Average is Over:

…a computer program will look at a lot of numbers, search for patterns in a more complex way than current empirical researchers can do, and report back the results.

223

Average is Over:

The power and quality of data will likely grow more rapidly than the power and quality of our best models.

223

Average is Over:

…as data quality improves and number of data points multiplies, machine intelligence might tell us that a particular mix of regulations and monetary policy will lead to a financial crisis…

224

Average is Over:

Only the machine will, in its own way, be able to encompass the entirety of the theory and its tests.

224

Average is Over:

The ‘expert’ might be someone trained in making sense of the machine’s output, or turning the data into machine-readable form, rather than someone who does the actual work…

225

Average is Over:

Since the self-motivated will find it easier to succeed than ever before, a new tier of people from poor or underprivileged backgrounds will claw their way to the top.

230

Average is Over:

Worthy individuals will in fact rise from poverty on a regular basis, and that will make it easier to ignore those who are left behind.

230