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Google Driverless Cars Won't Be So "Driverless"

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Mark Melin
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Completely automated, driverless cars are a dream that is not likely to become reality.

Google Driverless Cars Won't Be So "Driverless"

Driverless cars: Human discretionary variables replaceable by computers

There are human discretionary variables that cannot be easily replaced by a computer, random multiple input scenarios that require human relative value thinking to make the appropriate decisions. “Driverless” driving in the rain or snow, for instance, presents unpredictable variables that don’t coalesce with rigid if-then computer logic and its predetermined universe of situational variables.

While the hype machine surrounding autonomously driven vehicles has kicked into high gear recently – Google claimed it would develop autonomous taxis and Nissan promised...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.