Knowledge Maturity, AI Feasibility, AI Cost
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Value of Competence
If competence shortens learning, then its value is proportional to the cost of learning, that is, of iterations that would have been needed to achieve the effects of competence, but without having access to it.
Speed vs Uncertainty
Figures 1 and 2 show cost versus time; Figure 1 shows long iterations, Figure 2 short iterations. We choose to do something at time zero, at the origin of the graph in the Figure, and when we do so, we do it under some assumptions that we made at that time. Dashed red lines convey…
When (if ever) Is a Claim Objective?
“Objective”, as in, for example, “what I’m saying is objective”, or “that statement is objective”, or “we need objective criteria when making these decisions”, is a complicated term. It takes a lot of effort to make sure it is understood as intended (or closely enough). It is therefore a costly word to use. Why is…
Can LLM AI Be a Source of Competitive Advantage?
Let’s start with the optimistic “yes”, and see if it remains acceptable. Before we get carried away, a few reminders. For an LLM to be a source of competitive advantage, it needs to be a resource that enables products or services of a firm “to perform at a higher level than others in the same…
Building University Spin-Offs from Research on Decision-Making
This short interview on my research on decision making and use of it in companies, was done in 2018 with fnrs.tv, part of the Belgian Fonds de la Recherche Scientifique – FNRS, in Brussels. Each of my first two academic books led to the founding of a spin-off; see the books here.