The Mechanical Turk

We can see thinking machines taking over more and more human tasks, such as car driving, Go playing, or financial trading. But sometimes it’s the other way around: humans take over jobs supposedly assigned to thinking machines. Such a job is commonly referred to as a Mechanical Turk in reminiscence to Kempelen’s famous chess machine from 1768. In our case, a Mechanical Turk is an automated trading algorithm based on human intelligence. Continue reading “The Mechanical Turk”