Hotelling Lecture: Yurii Nesterov; CORE, Catholic University of Louvain
Hunting for Invisible Hands
Monday, April 8th, 2019
In this talk, we discuss several optimization algorithms deeply incorporated in our daily life. In accordance to the standard Microeconomic Theory, we are surrounded by many invisible hands (Adam Smith, 1776), which are responsible for keeping the balanced production and ensuring the rationality of consumers. The main goal of this talk is to make some of these hands visible. We show that they correspond to several efficient optimization algorithms with provable efficiency bounds. Moreover, all computations required for their implementation are performed on subconscious level, which make them applicable even in the Wild Nature.