Posts with keyword: algorithm

2 entries

James Kennedy on Particle Swarming

Thu Feb 9 16:44:00 2006

James Kennedy is social psychologist with the Dept. of Labor's Bureau of Labor Statistics. He's speaking at today's BYU CS colloquium on "The Essential Particle Swarm." He was introduced as the inventor of particle swarming algorithms. He muses whether he's the inventor or discoverer of the algorithm, given that this is a process inherent in many places in nature. The term discoverer might be more apt. James started his work doing computer simulations of the interactions of individuals and their interactions in social context. Social dynamics are adaptive. Societies adapt to their environment, not just the physical environment, but
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Algorithmic Authorizations

Tue Jan 17 06:40:00 2006

Yesterday I was reading Seeing What's Next: Using Theories of Innovation to Predict Industry Change by Clayton M. Christensen, Erik A. Roth and Scott D. Anthony and came across a story about how credit scoring changed the loan industry: In 1956, Fair, Issac created a standard predictive risk-assessment tool. It dramatically simplified the process of judging creditworthiness with a statistical methodology that plugged variables from an applicants credit history into an algorithmic formula that produced a score. Credit scoring's robust, scientifically based, quick assessment enabled a broader population of less-skilled people to make lending decisions. It occurred to me
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