Phil Fernbach
๐ค SpeakerAppearances Over Time
Podcast Appearances
The pilot is almost like an observer watching the airplane do the job. The pilot, of course, has to be there to intervene in unusual situations when something goes wrong. The problem is that those situations are becoming more and more rare because the software is becoming more and more capable.
The pilot is almost like an observer watching the airplane do the job. The pilot, of course, has to be there to intervene in unusual situations when something goes wrong. The problem is that those situations are becoming more and more rare because the software is becoming more and more capable.
The pilot is almost like an observer watching the airplane do the job. The pilot, of course, has to be there to intervene in unusual situations when something goes wrong. The problem is that those situations are becoming more and more rare because the software is becoming more and more capable.
So in cases where an intervention is necessary, the pilot might not be as prepared as they should be because they become too reliant on the automation.
So in cases where an intervention is necessary, the pilot might not be as prepared as they should be because they become too reliant on the automation.
So in cases where an intervention is necessary, the pilot might not be as prepared as they should be because they become too reliant on the automation.
I've had the exact same experience. In fact, I've heard stories of people driving into lakes because that's what the GPS tells them to do. Yeah. My own personal experience with this is I use self-driving software all the time when I'm driving now. It works remarkably well. But one thing I've noticed over the last few years is that I've actually become a worse driver.
I've had the exact same experience. In fact, I've heard stories of people driving into lakes because that's what the GPS tells them to do. Yeah. My own personal experience with this is I use self-driving software all the time when I'm driving now. It works remarkably well. But one thing I've noticed over the last few years is that I've actually become a worse driver.
I've had the exact same experience. In fact, I've heard stories of people driving into lakes because that's what the GPS tells them to do. Yeah. My own personal experience with this is I use self-driving software all the time when I'm driving now. It works remarkably well. But one thing I've noticed over the last few years is that I've actually become a worse driver.
No one wants to admit to themselves that they've become a worse driver. But for me, the evidence is kind of incontrovertible at this point because I've gotten into a few fender benders recently. Over the last few years, which I've never done before. And so I've asked myself, what is going on here?
No one wants to admit to themselves that they've become a worse driver. But for me, the evidence is kind of incontrovertible at this point because I've gotten into a few fender benders recently. Over the last few years, which I've never done before. And so I've asked myself, what is going on here?
No one wants to admit to themselves that they've become a worse driver. But for me, the evidence is kind of incontrovertible at this point because I've gotten into a few fender benders recently. Over the last few years, which I've never done before. And so I've asked myself, what is going on here?
And I really think it's because I've become so reliant on the car doing the work that I've lost my situational awareness. And then when something unusual happens and I need to take over, I'm not ready to do it. Just like a pilot on an automated airline.
And I really think it's because I've become so reliant on the car doing the work that I've lost my situational awareness. And then when something unusual happens and I need to take over, I'm not ready to do it. Just like a pilot on an automated airline.
And I really think it's because I've become so reliant on the car doing the work that I've lost my situational awareness. And then when something unusual happens and I need to take over, I'm not ready to do it. Just like a pilot on an automated airline.
The financial crash in 2008 was in a great part due to a massive decline in the value of these financial products, a certain kind of financial product called a derivative. Derivatives are really complicated financial instruments, and it's really hard to predict exactly how they're going to behave.
The financial crash in 2008 was in a great part due to a massive decline in the value of these financial products, a certain kind of financial product called a derivative. Derivatives are really complicated financial instruments, and it's really hard to predict exactly how they're going to behave.
The financial crash in 2008 was in a great part due to a massive decline in the value of these financial products, a certain kind of financial product called a derivative. Derivatives are really complicated financial instruments, and it's really hard to predict exactly how they're going to behave.
Traders like derivatives because they can often generate really good returns in Financial markets return is always correlated with risk.
Traders like derivatives because they can often generate really good returns in Financial markets return is always correlated with risk.