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The root of the trouble, as with so many other WMDs, is the modelers’ choice of objectives. The model is optimized for efficiency and profitability, not for justice or the good of the “team.” This is, of course, the nature of capitalism. For companies, revenue is like oxygen. It keeps them alive. From their perspective, it would be profoundly stupid, even unnatural, to turn away from potential savings. That’s why society needs countervailing forces, such as vigorous press coverage that highlights the abuses of efficiency and shames companies into doing the right thing. And when they come up ...more
Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy
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