"We consider the problem of designing the the utility functions of the utility-maximizing agents in a multi-agent system so that they work synergistically to maximize a global utility. The particular problem domain we explore is the control of network routing by placing agents on all the routers in the network. Conventional approaches to this task have the agents all use the Ideal Shortest Path routing Algorithm (ISPA). We demonstrate that in many cases, due to the side-effects of one agent's actions on another agent's performance, having agents use ISPA's is suboptimal as far as global aggregate cost is concerned, even when they are only used to route infinitesimally small amounts of traffic. The utility functions of the individual agents are not "aligned" with the global utility, intuitively speaking. As a particular example of this we present an instance of Braess' paradox in which adding new links to a network whose agents all use the ISPA results in a decrease in overall throughput. We also demonstrate that load-balancing, in which the agents' decisions are collectively made to optimize the global cost incurred by all traffic currently being routed, is suboptimal as far as global cost averaged across time is concerned. This is also due to 'side-effects', in this case of current routing decision on future traffic. The mathematics of Collective Intelligence (COIN) is concerned precisely with the issue of avoiding such deleterious side-effects in multi-agent systems, both over time and space. We present key concepts from that mathematics and use them to derive an algorithm whose ideal version should have better performance than that of having all agents use the ISPA, even in the infinitesimal limit. We present experiments verifying this, and also showing that a machine-learning-based version of this COIN algorithm in which costs are only imprecisely estimated via empirical means (a version potentially applicable in the real world) also outperforms the ISPA, despite having access to less information than does the ISPA. In particular, this COIN algorithm almost always avoids Braess' paradox."

"No, Mr. President, we’re not in this together with corporate America. Corporations are in it to maximize profits and boost CEO salaries, not help the U.S. economy or put people back to work.

With no “healthy increase in demand,” on the horizon and unemployment heading back up, the President has talked more about government-led solutions that would actually create jobs in America. Near the end of his address on Afghanistan, and in a full-throated pitch at a Democratic fundraiser in New York City the next evening, Obama called for investments in education, infrastructure, and clean energy at home.

Democratic leaders in Congress have also started to sharpen their focus on the failure of corporations to create jobs at home. Nancy Pelosi’s reaction to the Majority Leader Eric Cantor’s walking away from budget talks was, “”Yes, we do want to remove tax subsidies for big oil, we want to remove tax breaks for corporations that send jobs overseas… ”"

"Quite often these teams, especially Agile teams, seem obsessively focused on “Business Value”, but that’s in the context of personal relationships. “Business Value” is a shorthand, a way of keeping conversations from going astray, of keeping people focused. It is a term that signals or reminds of other things—it is not a thing in itself.

Increasingly these days, when I hear people theorizing about Agile and Lean, they are treating “Business Value” as a thing in itself. It is treated as an end, rather than as a means. (This is in keeping with the decline of Agile as a bottom-up team-oriented insurgency.)"

"Wow. If a person markets something, like a book they've written, or a product they are selling, it is regulated as if it were advertising published by a media company, such as a newspaper, TV, magazine, etc.

That means everyone is now a media company. And subject to the same regulations - at least in the UK. Wow."

"As always, the question will be: What new rules and rule-setting venues emerge? Because eventually they must. The Asian Flu didn't do it, nor have any of the other more regional shocks since, but eventually you need some entities to emerge to monitor and manage these cross-border financial flows. This gap has been clear for many years, but as long as informal collusion among the largest economies has worked--just well enough--no one's been willing to surrender the power. Maybe this perturbation, then, is really the one.

That's how you need to view this global churn in a grand strategic sense: the opportunity to fill in profound rule-set gaps generated by all this rising connectivity."

"Lacking editors, reviewers or critics, the Internet has become a wasteland of unfiltered data. You don't know what to ignore and what's worth reading."