Economics Dictionary of Arguments

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Algorithms: An algorithm is a step-by-step procedure or set of instructions for solving a problem or performing a task, often used in mathematics, computing, and problem-solving.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Viktor Mayer-Schönberger on Algorithms - Dictionary of Arguments

I 35
Algorithms/Big Data/Mayer-Schönberger: the more data are available, the more algorithms are trumped. This can be seen in the way computers learn to deal with everyday language and how they translate it.
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With larger amounts of data, an older, simpler algorithm worked even better. (1)
>Data
, >Big Data, >Everyday Language, >Machine Learning, >Deep Learning, >Artificial Intelligence.

1. Michele Banko and Eric Brill, “Scaling to Very Very Large Corpora for Natural Language Disambiguation,” Microsoft Research, 2001, p. 3 (http://acl.ldc.upenn.edu/P/P01/P01-1005.pdf).

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

MSchoen I
Viktor Mayer-Schönberger
Big Data: A Revolution That Will Transform How We Live, Work, and Think New York 2013


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