Mimetic theory may explain why AMC and GameStop shares continue to be as valuable as they are despite them being from dying industries. Developed by Rene Girard, mimetic theory describes how people desire things because other people desire them also (“mimeticality” or imitation). When people started buying these “meme” stocks for fun, other people soon started imitating them, which made their prices skyrocket and ultimately caused them to remain valuable.
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An artificial intelligence model built by Ishanu Chattopadhyay and his colleagues analysed crime data in Chicago from 2014 to 2016 and managed to predict future levels of crime down to the nearest 300 metres, a week before they actually happened. While extremely useful, this artificial intelligence has been shown to expose racial prejudice in law enforcement. Hopefully, as the study’s data and methodology have been made available for others to evaluate, these prejudices can be avoided in the next iteration. Read full article here