Algorithmic risk management

Using AI In An Uncertain World

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Like anything else in life except death and taxes (and even the particulars of these are uncertain), uncertainty is something that humans deal with every day. From relying on the weather report for umbrella advice to getting to work on time, every day actions are fraught with uncertainty and we all have learned how to navigate an unpredictable world. As AI becomes widely deployed, it simply adds a new dimension of unpredictability. Perhaps, however, instead of trying to stuff the ...

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Legal Issues: Can we depend on algorithms to make decisions?

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In the cognitive computing era, there are plenty of tough technical challenges. Their difficulty pales, however, when compared to the social and legal issues these new technologies raise. Increasingly, we rely on algorithms to help us sort through the complex factors that lead to making a decision. Often this reliance is not based on knowing whether the algorithm is dependable. Articles by Julia Angwin in the New York Times and ProPublica on Aug. 1st celebrate a decision by the Wisconsin ...

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