IRC & HARP joint seminar, presented by Spencer Nash: "Models of the world: biological, accounting/economic and scholastic"

Abstract

Biological Intelligence: probability of a behaviour achieving a goal. I propose that the fundamental component of the brain is not the synapse but the coordination of neurons to create a balance mechanism. The brain is then sets of cascading balances with weightings from the records of outcomes of behaviour enabling the brain to know the probability of achieving any goal. Through this balance theorem I deduce an emotional logic which defines human satisfaction and dissatisfaction from learning and play, love, hate, gratitude, sorrow, guilt, forgiveness, justice and status.

Accounting/Economic Intelligence: probability of a corporation’s under or overperformance. But the above biological model is actually a bookkeeping algorithm with the brain acting as a bookkeeper meticulously recording the outcome of behaviours with the balance being the profit and loss and the balance sheet. However, bookkeeping run on a digital computer does not need to be stuck on a 500 year old paradigm. I have created a bookkeeping AI that enables adjustments to be made continuous and on the fly removing the need for ledgers. The domain of accountancy and economics become unified. A model of the world would give all the benefits of central planning with the power of free markets. The model would create accurate economic predictions to improve planning. Such a model would enable accurate management of environmental externalities creating a harmless capitalism. Taxation would be collected automatically and corruption, the social cancer, would be curbed.

Scholastic intelligence: probability of learners achieving learning goals. The world would be transformed if a model predicted the likelihood of the user on the internet at achieving a given learning goal. There is an abundance of low cost learning material in the world. The volume and quality of this material is now massively exploding with the advent of large language models providing personalised chatbots for learners. At diploma and degree level the student can self organise their learning. Tertiary level educators can focus their efforts on testing rather than teaching. This could reduce the cost of tertiary education by 100 fold. First there was the website, then came the blog, then the vlog. The future is an interconnected network of oral testing determining the veracity of our knowledge and understanding.

Short bio on Presenter

Spencer Nash is a CIMA accountant with 12 years post qualification experience in financial management and with extensive experience in financial modelling, design and process improvement and in depth experience in technology, finance, manufacturing sectors. After graduating in Biochemistry from Bristol, he relocated to Prague where he learned Czech and joined UBS as an equity analyst. Upon returning to the UK he qualified as an accountant and worked with late stage start ups. He has also worked as a Finance Manager in online training, and currently works as a Head of Finance at a healthcare data analytics company. His 20 years experience in accounts led to the development of an accountancy AI, working as the CEO & founder of ageofunderstanding.org, as well as Head Of Finance for Source Group UK.