There is plenty of time at the bottom: the economics, risk and ethics of time compression

• Published in: Foresight (Cambridge) Vol. 21; no. 1; pp. 84 - 99
• Main Author: Sandberg, Anders
• Format: Journal Article
• Language: English
• Published: Bradford Emerald Publishing Limited 11.03.2019; Emerald Group Publishing Limited
• Subjects: Algorithms; Computing time; Critical path; Cybernetics; Decisions; Economics; Energy; Ethics; Expected utility; Fourier transforms; Mathematical problems; Predictions; Risk; Speed limits; Time compression; Values; Ethics

Purpose The speed of computing and other automated processes plays an important role in how the world functions by causing “time compression”. This paper aims to review reasons to believe computation will continue to become faster in the future, the economic consequences of speedups and how these af...