Algorithms replacing human judgement from "summary" of Automate This by Christopher Steiner
The idea of algorithms taking over human judgment is both thrilling and unsettling. It raises questions about the extent to which we can trust machines to make decisions that have traditionally been the domain of humans. Algorithms are programmed to follow a set of rules and make calculations based on data, but can they truly replace the nuanced judgment that humans bring to the table?In some cases, algorithms have proven to be more effective than humans in making decisions. Take, for example, the world of finance. High-frequency trading algorithms can make split-second decisions about buying and selling stocks, reacting to market changes far faster than any human could. These algorithms have the potential to make more profitable trades than human traders, leading to a shift in the financial industry towards automated trading systems. However, there are also instances where algorithms fall short of human judgment. Take the case of the music industry, where algorithms are used to predict which songs will be hits. While these algorithms can analyze vast amounts of data to identify t...
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