Question: Artificial intelligence (AI) and data science are hailed as society's answer to human bias in decision-making.Why not let the computer algorithms take over, make the

Artificial intelligence (AI) and data science are hailed as society's answer to human bias in decision-making.Why not let the computer algorithms take over, make the decision making process free of human interaction, and supposedly, free from human bias.Isn't this rational decision-making? What could go wrong?For example

Apple new credit cards (issued by Goldman Sachs) reveal bias against women (lower limits to women, than men)

2016 investigation by propublica revealed that data driven AI used by judges to decide whether a convicted criminal will commit future crimes is biased against minorities and people of color.

Face recognition software make more mistakes in identifying women and people of color

Automated financial underwriting reveals gender and ethnic biases.

Why is this happening?What is decision making going to look like in the future?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Artificial intelligence (AI) and data science are hailed as societys answer to human bias in decision-making. Why not let the computer algorithms take over, make the decision making process free of...

(1) Which of the three company's approaches to using people analytics for talent acquisition and development is most appealing (or most concerning)? (2) Should Fukuhara turn on the most advanced part...

We are increasingly seeing new trends in application of emerging technologies, such as blockchain, audit analytics and continuous auditing, artificial intelligence and others in the public sector....

Describe 1 of the ways that this discussion around AI impacts people at work.Be specific in your connection to the podcast. TRANSCRIPT OF PODCAST: Working Well with AI episode 2: AI and...

Given summary about this article the most important Humans inherit artificial intelligence biases Luca Vicente & Helena Matute * Artificial intelligence recommendations are sometimes erroneous and...

Journal Article Review 1. Write Title that reflects the main focus 2. Cite the article 3. Article Identification 4. Introduction 5. Summarize the Article 6. Critique 7. Conclusion The interaction...

A Journal Article Review for " The interaction between technology, business environment, society, and regulation in ICT industries". 1. Write the Title that reflects the main focus of your work. ......

Please read the case study first and then create report of 1200 words minimum. Thank you You are to assume the role of consultant to the business in the case. The document you prepare will be a...

This is the criteria for the paper: A. Final Draft Guidelines DIRECTIONS: Refer to the list below throughout the writing process. Do not submit your Touchstone until it meets these guidelines. Refer...

Q-2)On the basis of the factors which influence the duty in the new project area, the full supply factor is taken as 122 acres/cusec. Determine the discharge capacity for water course/outlet for...

Explain the differences between depreciation expense and accumulated depreciation.

5. How does management benefit when cash transactions are recorded quickly and efficiently?

IRR A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 9%. What is the project's IRR? Round your answer to two decimal...

=+ a. What must the saving rate be in the initial steady state? [Hint: Use the steady-state relationship, sy = ( + n + g)k.]

=+ a. The capitaloutput ratio is constant.

=+ e. What must the saving rate be to reach the Golden Rule steady state?