AI - A Thin Path from Data to Value
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AI - A Thin Path from Data to Value (pdf)
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23.26 M |
Human Intelligence (HI) transforms observations into structured knowledge; AI transforms digital data into structured code.
Both improve the acquisition and interpretation of future data.
Kepler's discovery of elliptical orbits illustrates the importance of revising inductive bias.
AI could discover such structures—but only if its model class \(\mathcal F\) is sufficiently rich.
Statistical learning balances empirical loss \(\mathcal L\), model complexity \(\mathcal C\), and regularization \(\lambda\).
AI can generate predictions, decisions, and discoveries without a human-defined solution.
Statistical improvements create economic value only when independently validated gains exceed costs.
The greatest limitation of AI is not insufficient algorithms, but remaining trapped within existing model assumptions.
Education must evolve from passive knowledge transmission toward interactive, dialogue-based, transformative edutainment.
The path from data to value is thin: only a dynamic, steerable interplay between HI, AI, and structural discovery transforms data into knowledge—and knowledge into value.
Wolfgang Karl HÄRDLE attained his Dr. rer. nat. in Mathematics at Universität Heidelberg in 1982 and in 1988 his habilitation at Universität Bonn. He is Ladislaus von Bortkiewicz Professor of Statistics at Humboldt-Universität zu Berlin and the director of the Sino German Graduate School (洪堡大学 + 厦门大学) IRTG1792 on “High dimensional non stationary time series analysis”. He directs IDA Institute for Digital Assets,
University of Economic Studies, Bucharest, RO. His research focuses on data analytics, dimension reduction and quantitative finance. He has published over 30 books and more than 300 papers in top statistical, econometrics and finance journals. He is highly ranked and cited on Google Scholar, REPEC and SSRN. He has professional experience in financial engineering, S.M.A.R.T. (Specific, Measurable, Achievable, Relevant, Timely) data analytics, machine learning and cryptocurrency markets. He has created the www.quantlet.com platform, a cryptocurrency index, CRIX www.royalton-crix.com He is 玉山学者 (Yushan Scholar), web page hu.berlin/wkh