Tactic AI
Google’s Deepmind has developed TacticAI that can provide experts with tactical insights in Football.
- AI predicts the outcome of Corner kicks, using “Geometric Deep Learning approach” to create more generalisable models on the field.
- Helps in identifying key patterns of tactics implemented by teams, and developing effective responses with tactical insights.
- Geometric Deep Learning – A specialised area of machine learning focusing on developing algorithms and models to process and analyse data with a geometric structure like graphs, point clouds, and meshes etc.
Front Running
SEBI has amended mutual fund norms, requiring Asset Management Companies to establish mechanisms to prevent front running.
- When a broker or an investor joins a trade because they have pre-existing non-public information concerning a significant transaction that may change the asset’s price, equity, or derivative to obtain economic benefits.
- Also known as – Forward-trading or tailgating.
- It is illegal in India.
Eggshell skull principle
Supreme Court has rejected the application of ‘eggshell skull’ rule in a case.
- A common law principle applied in civil litigation which states the defendant would be held responsible for injuries caused to a person when he hit him on the head, even if the victim had a particularly delicate skull or an ‘eggshell’ for a skull.
- Rule is applied for claiming an enhanced compensation.
Paradox of Thrift (PoT)
Economic theory popularised by British economist John Maynard Keynes.
- A rise in individuals’ savings, by reducing the amount of money spent on goods and services, can cause a fall in overall savings and investments of economy.
- It believes that higher savings is bad for the wider economy and an economy can grow only by boosting consumer spending.
- Criticisms of PoT –
- Ignores the potential for saved income to be lent out by banks.
- Ignores the potential of inflation and deflation in an economy.
Magnetic Monopole
Physicists in the UK have spotted signatures of magnetic monopoles in haematite
- Monopoles – Elementary particles that act as isolated magnetic north and south poles and are the magnetic analogues of electric charges.
- An ordinary bar magnet consists of both north and south pole.