Credit Rating and Required Rate of Return: Suppose you and Warren Buffett borrow money from a bank. The bank will assess your credit ratings differently. Maybe the bank could offer Warren Buffett a loan without interest since it can be advertised as a bank used by the renowned investor. However, it will likely charge you interest because you have a lower credit rating and less fame than Warren Buffett. The interest rate each borrower faces, based on their creditworthiness, is called the required rate of return for creditors. Under the same conditions, the cost of poverty is much higher for the poor than for the rich. Poverty inherently involves costs. - Joseph’s “just my thoughts”
How do AIs learn? For humans to learn, they must first express their will. In AI, the flow of electricity takes the place of human will. AI learning involves recording, comparing, and making decisions; currently, computation is the only necessity. Humans learn through similar pathways and mechanisms, but the importance of expressing will tends to be essential in human history. People often respect those who excel at learning, as it is not easy to demonstrate will. However, AI substitutes all entities with symbols of electrons and operations instead of will. Doesn’t placing too much value on the will actually impede human learning? Learning stems from comparison and decision-making. Management functions similarly. - Joseph’s “just my thoughts”