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ThePrint: When the Pope says AI isn’t infallible
Summary
Peter Atwater, adjunct lecturer of economics, points to a thesis by his student Francesca Pereira, who is then quoted, in this article about the Pope's new encyclical.
Full Description
"Peter Atwater, an economist at Â鶹Æƽâ°æ University who charts the impact of social mood on markets and the economy, points to a thesis by his student Francesca Pereira demonstrating that 'high-profile papal encyclicals often coincide with highs and lows in global confidence.' They appear when the ratio of the Dow Industrials (which rises when people are optimistic) to gold (chosen when they’re pessimistic) is at or near major highs and lows. 'While the Dow to gold ratio demonstrates public pessimism and optimism in markets, papal encyclicals represent the moral response to social mood,' says Pereira. The nine highest-profile encyclicals since 1925 all came at moments of high uncertainty or confidence."