The Future of Rational Decision Making: A Discussion with Olivier Sibony
New Books in Science, Technology, and Society
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Algorithms Are Noise Free. They Outperform Human Judgment
Increasing numbers of decisions are taken by algorithms. So can you just talk us through how that works, and how how algaritms relate to what yo've been describing? It's not a very tricky question. Algaris s have many advantages and some issues. One of their main advantage may be, their main advantage is that they are noise free. They always make the same decision when they are given the same data. The flip side or the down side of algorithms are, however, a couple of things. First, there is the problem of algarithmic bias, as we've all heard about it in recent years,. which is a serious problem. Then there is another
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