Artificial Intelligence as a Positive and Negative Factor in Global Risk Eliezer Yudkowsky (yudkowsky@singinst.org) Forthcoming in Global Catastrophic Risks‚ eds. Nick Bostrom and Milan Cirkovic Draft of August 31‚ 2006 Singularity Institute for Artificial Intelligence Palo Alto‚ CA Introduction By far the greatest danger of Artificial Intelligence is that people conclude too early that they understand it. Of course this problem is not limited to the field of AI. Jacques Monod wrote: "A curious
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great significance. This essay will begin by explaining the reason why a competent manager should deal with interpersonal relations‚ and then go on to describe skills to handle relationships. At the same time‚ it will discuss solutions to conflicts that occur in the workplace and the great benefits of resolving disputes in positive ways. Its purpose is to show no matter how ingenious a person is or how hard one works; they might suffer from failure if they fail to get on well with the people around
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LESSON 1: INTRODUCTION TO RISK Chapter Objectives • Discuss different meanings of the term risk. • Describe major types of business risk and personal risk. • Explain and compare pure risk to other types of risk. • Outline the risk management process and describe major risk Expected loss UNIT I CHAPTER 1 RISK & ITS MANAGEMENT Expected loss Uncertainty (vaiability around the expected loss) One situation is riskier than other if it has greater RISK MANAGEMENTFOR GLOBAL FINANCIAL SERVICES
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Deal Structure and Deal Terms When an entrepreneur needs financing for his company‚ there are a variety of factors he must understand in order to craft a beneficial deal. The owner needs to understand the economic nature of his business‚ the financiers’ need and perceptions of risk and rewards‚ and his own needs and requirements. In order to understand the economic nature of the business‚ the owner needs to know the exact amount he will need to fund the project‚ the riskiness of the project‚
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Why do they call these contracts derivatives? Where is the optionality in these contracts? Weather derivatives structures commonly used are: i) cap - a call option; ii) Floor - a put option; iii) Collar - a put and a call option‚ usually with little or no premium; iv) Swap - a derivative with a profit and loss profile of a futures contract v) Digital option - an option that pays either a predetermined amount if acertain temperature or degree day level is reached‚ or nothing at all in other
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international contract is a contract that has a foreign element‚ that is to say that the contract is in contact with one or more order (s) legal (s) abroad (s). Specifically‚ the foreign element may be resident abroad‚ a party to the contract‚ nationality‚ place of contract conclusion‚ and many other possibilities. The commercial contract is a contract for a commercial transaction or a contract made by a trader for the purposes of his trade. Therefore an international commercial contract is the addition
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Risk is part of life : I face countless danger everyday driving to work. sure I can try minimize many of them through my own driving behavior . but I can’t prevent motorist behind me who is talking on his mobile from rear-ending me while I’m waiting at a stoplight. As much as we would have it otherwise‚ risk is part of life. Some risks can be averted by steering clear of them. Many are‚ however‚ unavoidable. False sense of security Sometimes you can insure yourself against the consequences of risks
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Designing Internal Control System To Minimize Fraud And This paper gives an introduction to Microfinance Institutions (MFIs) informal financial service delivery mechanism which are not under any regulatory framework like the formal sector. So‚ there is a necessity to internalize a built-in internal control system through self-regulation to mitigate exposure to risk in MFI. In 2.0 sound and reliable management system for MFIs through self-regulation are discussed. Section 3.0 discussed under internal
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The psychological contract in a changing work environment Annette Sharpe The Work Institute Abstract This paper examines how organisation changes‚ driven by economic‚ social and technological changes at the macro level‚ have impacted on the psychological contract. Whilst criticised for being an ill-defined concept‚ it is usually taken to refer to ’the implicit relationship that exists between individuals and their employer concerning perceived mutual obligations and expectations ’. Although its
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[pic] Why Do Businesses Fail? Analyze the reasons and provide a case study of one or more companies that have failed or suffered serious setbacks before they recovered. Name: YAN Hong ID number: 100004456 Tutor: Mrs. Dawn Cremonese It is well known that the financial crisis which started in 2008 is a worldwide recession. Even the Lehman Brothers Holdings‚ which was a global firm with a high reputation‚ went bankrupt on September 15th‚ 2008. Lehman Brothers Holdings failed because it was unable
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