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“there are now methods that produce unbiased results according to several plausible and desirable definitions of fairness.39 The mathematical analysis of these definitions of fairness shows that they cannot be achieved simultaneously and that, when enforced, they result in lower prediction accuracy and, in the case of lending decisions, lower profit for the lender. This is perhaps disappointing, but at least it makes clear the trade-offs involved in avoiding algorithmic bias.”

Stuart Russell, Human Compatible: Artificial Intelligence and the Problem of Control
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