Max will tell you his definition of probability - which is his secret to clearly thinking about truth and inference - on the heels of last week’s discussion. Also some updates:
- What’s the difference between the Google Photos leak and the iCloud leak? What is end-to-end encryption?
- Now stories are coming out about Venezuela that contradict the positive stories being posted a few weeks ago
- Bernie Sanders and Elizabeth want corporate board members to answer to other interests besides shareholders, such as employees. Bloomberg says this is throwing away capitalism. Who is right?

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Economist Bob Murphy shares his insight into Ludwig von Mises’s ideas on Probability from the mid 20th century treatise Human Action. They work to square this with Max’s conception of probability in his own experience as a machine learning engineer. Topics include:
- The differences between subjective and objective probability (and case vs class probability in Human Action)
- Use of probability in decision making
- The controversial meaning of subjective probability
- Whether insurance companies are gambling
- Contrasting visions of Bayesian Inference from the 20th to the 21st centuries.

This is a fascinating discussion that involves the clashing of different schools of thought, which is by no means definitive and will be expanded upon in later episodes!

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Today’s news update focuses on the 15 years of Google Maps and Location technology in general. Max relates to his experience on Stickymap and Foursquare. We talk about Satellite Imagery, Mapquest, and recent efforts to create digital models of cities on the ground level using Machine Learning on Photos. Finally, we talk about what the augmented reality City might look like.

Other topics include a recent spate of articles about Venezuela selling off part of it’s nationalized company, and whether the socialist revolution has run its course in that country. Max also coins the 4 seasons of cryptocurrency.

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Today’s guest is Sophie Carr, a mathematician who specializes in Bayesian Inference and Aerodynamics. Max asks about her analogies for wrapping one’s head around Bayesian Inference, and applying it in the real world.

Max also follows up on Encryption laws.

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Today’s news update covers issues related to big data and privacy. We start with how big data from public information is being used to track and fight coronavirus, followed by the possibility that the car of the future will be spying on you. Finally, we get into a proposal in Congress to criminalize encryption technology, which will make our data less secure. Finally, the New York Times puts out another Bitcoin hitjob, complete with inaccurate links about criminal activity.

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Dave Rubin stops in to The Local Maximum to discuss his new venture called Locals, a subscription-based community solution that gives power to creators, not platforms. He discusses the current problems with our online platforms and communication systems on “big tech” and his approach to fixing it.

Dave Rubin is a talk show host, comedian, and TV personality. He is the host of The Rubin Report, a talk show about big ideas and free speech, heralded for it's politically incorrect and open approach to discussing complex issues and current events. The show has garnered a huge fan base from across the world, by having honest conversations about important topics in a thoughtful and candid manner rarely seen in mainstream media. The show is a top political YouTube channel and leading political podcast on iTunes.

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Max give his take on Logical Induction and the construction of mathematical objects, a topic that he's been interested in for years.

Topics include:
- Intro to Mathematical Induction
- Tradition Induction vs Ordinal Induction vs Epslion Induction
- The Dominos analogy
- Logical arguments vs Physical Arguments
- Problems with compound implications in the real world
- Spotting arguments that hide compound errors

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These days there’s a lot of angst about job loss due to automation, AI, and Robotics. This led to a formal debate at the SoHo forum in New York about the implications of robotics and automation technology on the job market and what our response should be. Today’s guest, Anthony Sameroff, successfully argued against the resolution which predicts widespread joblessness due to automation.

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Max talks about all the exciting developments from 100 episodes of producing The Local Maximum Podcast. He also answers listener questions relating to the first 100 episodes, the podcast as a whole, and where it can go in the future.

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Aaron and I start by responding to listener emails, and talking about how our predictions are faring on Metaculus and PredictIt. Then we go over our short list of technological trends of the decade which includes:
- The ubiquity of mobile and cloud computing
- Consolidation of Social Networks
- Status of Wearables and Audio
- Populist Movements of all kinds fuels by mass communication
- Bitcoin and Cryptocurrency
- AI, Machine Learning, and Personal Assistants
- Success and Failures of the “Uber for X” trend

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