Submitted via IRC for TheMightyBuzzard about a story that appeared on CNN on September 9, 2016.
From targeted advertising and insurance to education and policing, Cathy O'Neil's new book 'Weapons of Math Destruction' [WMD] looks at how algorithms and big data are targeting the poor, reinforcing racism and amplifying inequality.
[...] In a vacuum, these models are bad enough, but O'Neil emphasizes, "they're feeding on each other." Education, job prospects, debt and incarceration are all connected, and the way big data is used makes them more inclined to stay that way.
"Poor people are more likely to have bad credit and live in high-crime neighborhoods, surrounded by other poor people," she writes. "Once ... WMDs digest that data, it showers them with subprime loans or for-profit schools. It sends more police to arrest them and when they're convicted it sentences them to longer terms."
In turn, a new set of WMDs uses this data to charge higher rates for mortgages, loans and insurance.
[...] "Big Data processes codify the past," O'Neil writes. "They do not invent the future. Doing that requires moral imagination, and that's something only humans can provide."
I'm not interested in the story. I'm interested in what it says about once proud CNN's current quality of journalism. Fox News: Left Division?
Source: http://money.cnn.com/2016/09/06/technology/weapons-of-math-destruction/
(Score: 2) by maxwell demon on Monday October 03 2016, @09:57AM
Alternatively: Someone who's personally OK, but unfortunately falls into a high risk group and therefore has a bad credit rating, inherits the house next to yours.
The Tao of math: The numbers you can count are not the real numbers.