Whether for commodities and equities futures, automated A/B testing, enterprise reinsurance or weather forecasting, the global economy functions by speculative models of the near or long-term future. But if so does this disqualify the speculative from the figuring of fundamental alternatives? It does not. Instead of concluding that the future (and futurism per se) is lost it we should commandeer modeling infrastructures for better and more vibrant purposes. For this, speculative models are rotated from one purpose to another: less to predict what is most likely to happen (deriving value from advance simulation of given outcomes) than to search the space of actual possibility
02 Matteo Pasquinelli and Vladan Joler, “The Nooscope Manifested: Artificial Intelligence as Instrument of Knowledge Extractivism”, visual essay, KIM HfG Karlsruhe and Share Lab, 1 May 2020. http://nooscope.ai
All models are wrong, but some are useful.
01. George Box ‘Robustness in the Strategy of Scientific Model Building.’ Technical Report #1954, Mathematics Research Center, University of Wisconsin-Madison, 1979.