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Subject: Re: IBM would risk 37 billion dollar

Author: Robert Hyatt

Date: 09:41:58 04/02/01

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On April 02, 2001 at 11:32:20, Vincent Diepeveen wrote:

>
>You hit the right word here Bob,
>
>IF they win such a match then they definitely will not lose a thing.
>Definitely true.
>
>Now we can discuss to great length the chance that they win, but there
>is obviously a big risk they lose. Personally i would think that
>also a match against the worst ambassador for chess in the world, Kasparov
>(as he played around 2300 level in that match in 1997 and we all know
>the result for the game of chess: "chess is solved say most AI papers"),
>will be a clear and chanceless victory for Kasparov.
>
>And definitely no game will get a 18 move win over Kasparov again, he'll
>not be that stupid again.

Would you bet _your_ house on what he will or will not do because of _his_
stupidity?

I wouldn't.




>
>Against Kramnik a 18 move lose would be imaginable (as bad chessplayers
>you play on a few moves with computer then till you get -5.0 or something),
>but a 18 move win is impossible forever.
>
>Kramnik can win without any preparement, whereas Kasparov needs to play
>his own game instead of playing something where he is an absolute beginner,
>even compared to my poor amateur rating (2280 FIDE now though climbing
>to IM level slowly).
>
>>A loss would definitely hurt when compared to a win, but it would not hurt
>>the company's stock value as of today one iota.  IBM got a world of free (and
>
>As IBM manager who cares nothing for the game of chess,
>would you take the risk Bob?

Sooner or later, yes.  As I said, "once the shine has worn off" which might
take a couple of more years...




>
>Playing the current world champion is a sure defeat. Kasparov as we know
>always played horrible against chessprogs and till 1997 he could get away
>with it. Definitely chessprograms are taken more serious now as in
>januari 1997, so the underestimation and carelessness of the past will
>get slowly away in matches, which means clear defeats of the programs
>against those who can play a game without giving away material.

I would never say "sure defeat".  Everyone said that _before_ the last match.
I predicted 4-2 for Kasparov.  I was wrong.  I don't think anybody _seriously_
thought the computer had a chance...  yet...  1997 happened..





>
>>very good) publicity from the second Kasparov match.  But that was _all_ they
>>got, just a windfall of free publicity.  Their stock prices might have inched
>>up a bit as a result, but only a tiny bit as new investors jumped aboard due to
>>all the publicity.  To think they would lose billions by playing again and
>>losing is a wild stretch of the imagination.
>
>IMHO the publicity was indeed more likely to be the cause as the result was :)
>
>Who doesn't buy stocks/shares from a company that's on all TV stations
>world wide?

Not a lot.  I would bet there are _far_ more stockholders through funds than
thru direct stock purchases, to avoid the potential risk of one company taking
a big hit while everybody else goes up.




>
>The publicity drum started already weeks before the match till
>months after the match.
>
>Even if expectations nowadays will be less, it's obvious that the big
>win in those days will not be risked nowadays.
>
>>What they would lose is "reputation" in the eyes of the general public, and it
>>is not even clear how much "reputation" they would actually lose since they won
>>the last match.  The 3rd match would not receive near the publicity of the first
>>or second.
>
>Reputation is one of the factors in the hectic stock markets.
>
>
>Greetings,
>Vincent



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