If
the algorithm based its decisions on race or some race - related variable like zip code that shouldn't affect credit scoring, that would be a problem.
Not exact matches
The company uses computer
algorithms based on Dalio's
decision - making criteria for investing as well as managing employees.
An
algorithm learning the wrong lessons or formulating responses
based on an incomplete picture, and the lack of transparency into what criteria are reflected in a
decision model, are especially problematic when identified correlations function as inadvertent proxies for excluding or discriminating against protected classes of people.
Think of all the
decisions we now regularly off - load to various machines: We get product recommendations from Amazon; our TiVos record programs for us
based on their knowledge of our general tastes; even dating services are starting to use software
algorithms to suggest matches.
A web page that has since been removed by the university said the center, to be operated jointly with South Korean defense company Hanwha Systems, would work
on «AI -
based command and
decision systems, composite navigation
algorithms for mega-scale unmanned undersea vehicles, AI -
based smart aircraft training systems, and AI -
based smart object tracking and recognition technology.»
The guideline includes an
algorithm — a
decision - making tool — to help multidisciplinary teams diagnose the disorder
based on the recommendations.
So AI is already superior in repetitive and predictive tasks, tasks that hinge
on computational power, classifying huge amounts of data and inputs, making
decisions based on concrete rules — with fewer biases than humans, but still induced by
algorithms and data sets chosen by humans.
Hence, «When a public agency adopts a policy of making high stakes employment
decisions based on secret
algorithms incompatible with minimum due process, the proper remedy is to overturn the policy.»
Instead of
basing approval
decisions on a number generated by an
algorithm created by the credit bureaus to measure someone's creditworthiness
based on past behavior, lenders for tax loans
base their
decisions on each person's current income and ability to repay.
For the more algorithmic strategies the investment team may subjectively override an algorithmic
decision based on macroeconomic or other factors that the investment team believes the
algorithm is not adequately taking into consideration.
The money management
algorithms «watch» your original system (also know as «
base», «parent», or «master» system») run in order to generate the
base equity curve and trades while the money management
algorithm then makes its
decisions based on the results of the master system to trade the «
algorithm» or «child».
Under automatic underwriting, it's a computer - generated
decision based on logic and
algorithms, thus eliminating human bias.
* According to a recent article, Jackson is an expert in «information retrieval (search), document categorization (automated indexing of content), machine learning (the design of
algorithms that enable software to learn from and make
decisions based on data patterns), and natural language processing (in which software can summarize content, convert computer language into human language and vice versa, or make a computer speak with human tones).»
But what about profound and life - changing
decisions like in the judiciary system when a person is sentenced
based on algorithms he isn't even allowed to see.