Saturday, May 30, 2015

Mish points us to a remarkable economic paper.

The future of unemployment.

This has TOE written all over it.  They essentially do spectrum matching, finding the spectrum of actions for any task. Then finding the quantum entanglement with the aggregate Reimman surface. That gets them the probability of any set of actions over a Coubs Douglas growth.

Take away for economists.
The Cobb's-Douglas is being decomposed into a spectrum of activities in a basis of the author's choosing. Each dimension of activity defines an integer index for the number of combinations this activity generates. That is spectral decomposition of an adapted ensemble. It finds the digit system based on minimizing spectrum, redundant actions.

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