How Algorithms Change the World

The video discusses the growing influence of algorithms in various aspects of life, from validating credit card transactions using the Luhn algorithm to influencing online behavior and decision-making. It highlights the role of algorithms in financial markets and the potential risks they pose, as seen in the 2010 market decline. The video emphasizes the power and pervasiveness of algorithms in modern society.

What is an algorithm primarily composed of?

• A random set of numbers

• A series of musical notes

• A collection of images

• Input, rules, and an endpoint

Which algorithm is used to verify credit card details online?

• Compression algorithm

• Pathfinding algorithm

• Sorting algorithm

• Loon algorithm

How do algorithms influence online shopping behavior?

• By increasing internet speed

• By changing website colors

• By personalizing advertisements

• By creating new products

What role do algorithms play in delivery services?

• They package items

• They determine the best delivery routes

• They provide customer service

• They manufacture goods

What was a significant consequence of a rogue algorithm in 2010?

• A new algorithm was invented

• A global internet outage happened

• A major market decline occurred

• A new financial law was passed