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But these simulations can also injure and deceive us G ames are a kind of untrue truth, says Kelly Clancy in Playing With Reality: How Games Have Shaped Our World . The book’s about how human intelligence, morality, trade and military strategy have been bound up with gameplay. Play is an instinct, but games teach us social norms and morality. Moksha Patam (Snakes and Ladders) was designed to teach players about karma and the precarity of fate. Backgammon held cosmic significance in Persia, Buddhist monks saw the board game Go as a kind of moral meditation, senet taught Egyptians about the afterlife. When we play a game, we enter into its order. You can’t be a pacifist while playing Call of Duty, you have to play Monopoly like a ruthless capitalist. Games of chance are latent in our neurob iology, we explore and enjoy uncertainty. Many human societies have used games as a peaceful proxy for war. Following chaturanga and chess, based on warring military formations, the late 18th century game of Kriegsspiel became the basis of all European war simulations. It was critical to world wars, and continues to be used by modern militaries. US military has a dedicated esports unit; video games like America’s Army were used to recruit and train soldiers; Hezbollah released its own game in response. Play is a tool the brain uses to generate data on which to train itself and games represent a model of how our brain works. But they are ultima tely mathematical objects. The orderly randomness of dice is no substitute for the untamed randomness of the world. Real people are not the passive objects of physics, and cannot be understood through models. Much of the book dwells on this distinction, as models and game theory have increasingly pervaded our world. SimCity, the popular computer game, inspired a generation of urban designers, skewing civic ideas. The hyper-libertarian health policy game SimHealth involved spending finite political currency, pitting Liberty against Equality or Community against Efficiency, and so on, as though these values were necessarily opposed. Assumptions are everything, and they can seep in insidiously through play. Gamification is a wonderful idea in principle: by leveraging our natural play instincts, we improve our lives. In practice, corporate thought has hijacked it, to extract money and attention, to addict players with ‘dark design’ practices. Gaming communities have been mobilised into troll armies in US, China uses gamification techniques to control citizens through rewards and punishments. Video games are a great learning technology but also tools of tailored surveillance today, as we trade our autonomy for entertainment. Much of the book focuses on game theory, its wide applications today, as we search for universal solutions through abstract maths. It has allowed amazing feats in biology and genetics, bringing predictive capacities into complex life-science. But games are also dangerous fiction. Their rules and rewards can replace people’s actual preferences. Game theory promises to automate decisions, but it’s never a full account of human behaviour. For the sake of mathematical simplicity, game theorists exclude our social nature, the fact that we learn from each other and from our circumstances. It has been used to launder arbitrary ideologies, which are mistakenly held up as the objective truth. A technical rule-based system can never contend with the surprises of nature, life and human behaviour. It is technocratic folly to imagine it can.
Georgina Energy is moving closer to new drilling at Hussar - ICYMIConnor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of KeyCorp ( NYSE:KEY – Free Report ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 34,742 shares of the financial services provider’s stock, valued at approximately $582,000. A number of other large investors have also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC raised its position in KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,142 shares during the period. Pathway Financial Advisers LLC purchased a new stake in KeyCorp in the 1st quarter valued at about $25,000. American Capital Advisory LLC acquired a new position in KeyCorp in the third quarter valued at about $28,000. Catalyst Capital Advisors LLC purchased a new position in KeyCorp during the third quarter worth about $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of KeyCorp during the third quarter valued at about $38,000. 79.69% of the stock is currently owned by institutional investors and hedge funds. KeyCorp Stock Performance Shares of KEY stock opened at $19.48 on Friday. The company has a market cap of $19.31 billion, a P/E ratio of 1,948.00, a PEG ratio of 1.07 and a beta of 1.24. The firm has a fifty day moving average price of $17.83 and a 200 day moving average price of $16.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a 12 month low of $12.22 and a 12 month high of $20.04. KeyCorp Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.205 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.21%. KeyCorp’s dividend payout ratio is presently 8,200.00%. Insider Activity In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the transaction, the director now owns 37,864 shares of the company’s stock, valued at $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . Also, insider Angela G. Mago sold 15,011 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the transaction, the insider now owns 234,582 shares in the company, valued at approximately $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Company insiders own 0.61% of the company’s stock. Analyst Upgrades and Downgrades Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a research report on Tuesday, September 10th. The Goldman Sachs Group boosted their price objective on KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday. DA Davidson raised their target price on KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Wedbush boosted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, KeyCorp currently has an average rating of “Moderate Buy” and an average target price of $18.26. Check Out Our Latest Report on KEY About KeyCorp ( Free Report ) KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. Featured Articles Five stocks we like better than KeyCorp Find and Profitably Trade Stocks at 52-Week Lows The Latest 13F Filings Are In: See Where Big Money Is Flowing What Are Growth Stocks and Investing in Them 3 Penny Stocks Ready to Break Out in 2025 How Can Investors Benefit From After-Hours Trading FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding KEY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KeyCorp ( NYSE:KEY – Free Report ). 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Game-Changer Alert! Taiwan Semiconductor Stocks on the RiseTrump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office President-elect Donald Trump has asked the Supreme Court to pause the potential TikTok ban from going into effect until his administration can pursue a “political resolution” to the issue. Trump's request Friday came as TikTok and the Biden administration filed opposing briefs to the court. Oral arguments are scheduled for Jan. 10 on whether the law, which requires TikTok to divest from its China-based parent company or face a ban, unlawfully restricts speech in violation of the First Amendment. The brief said Trump opposes banning TikTok at this junction and “seeks the ability to resolve the issues at hand through political means once he takes office.” Stock market today: Wall Street slips as the 'Magnificent 7' weighs down the market NEW YORK (AP) — Stocks are closing lower as Wall Street ends a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the Dow Jones Industrial Average lost 333 points, or 0.8%. The Nasdaq composite dropped 1.5%. The “Magnificent 7” stocks weighed on the market, led by declines in Nvidia, Tesla and Microsoft. Even with the loss, the S&P 500 had a modest gain for the week and is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. The yield on the 10-year Treasury rose to 4.62%. 10 tips from experts to help you change your relationship with money in 2025 NEW YORK (AP) — As the calendar changes to 2025, you might be thinking about how to approach your relationship with money in the new year. Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated. If you’re planning to make financial resolutions for the new year, experts recommend that you start by evaluating the state of your finances in 2024. Then, set specific goals and make sure they’re attainable for your lifestyle. Janet Yellen tells Congress US could hit debt limit in mid-January WASHINGTON (AP) — Treasury Secretary Janet Yellen says her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14th, in a letter sent to congressional leaders Friday afternoon. The department has taken such action in the past. But once those measures run out the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government’s ability to borrow. An online debate over foreign workers in tech shows tensions in Trump's political coalition WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display. The argument previews fissures and contradictory views his coalition could bring to the White House. The rift laid bare tensions between the newest flank of Trump’s movement — that is, wealthy members of the tech world who want more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Most Americans blame insurance profits and denials alongside the killer in UHC CEO death, poll finds WASHINGTON (AP) — Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger. So says a new poll from NORC at the University of Chicago. It finds that about 8 in 10 Americans say that the person who committed the killing has “a great deal” or “a moderate amount” of responsibility for the Dec. 4 shooting of Brian Thompson. Still, some see suspect Luigi Mangione as a heroic figure. About 7 in 10 adults say coverage denials or health insurance profits also bear at least “a moderate amount” of responsibility for Thompson’s death. Another jackpot surpasses $1 billion. Is this the new normal? Remember this moment because it probably won’t last: A U.S. lottery jackpot is projected to soar above $1 billion, and that's still a big deal. Friday’s Mega Millions drawing is worth an estimated $1.15 billion. The prize has evoked headlines across the country, despite the nation's top 10 jackpots already having boasted billion-dollar payouts. Jonathan Cohen is the author of the book “For a Dollar and a Dream: State Lotteries in Modern America.” He says he expects jackpots to continue to grow in size. Larger payouts attract more media attention, increase ticket sales and bring in new players. How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Richard Parsons, prominent executive who led Time Warner and Citigroup, dies at 76 NEW YORK (AP) — Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, has died. He was 76. Parsons died Thursday at his Manhattan home. He was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a few years later. Financial services company Lazard confirmed his death. Parsons was a longtime member of the company's board. His friend Ronald Lauder told The New York Times that the cause of death was cancer. Parsons stepped down Dec. 3 from the boards of Lazard and Lauder’s company, Estée Lauder, citing health reasons. He had been on Estée Lauder’s board for 25 years.