Risks associated with algorithmic decisionmaking from "summary" of Automate This by Christopher Steiner
Algorithmic decision-making has transformed industries and economies across the globe, but it is not without its risks. One of the primary concerns with relying on algorithms to make decisions is the potential for bias. Algorithms are designed and programmed by humans, who may inadvertently introduce their own biases into the code. These biases can result in discriminatory outcomes, perpetuating inequalities and injustices in society. Another risk associated with algorithmic decision-making is the lack of transparency. Many algorithms operate as black boxes, meaning that their inner workings are opaque to users. This lack of transparency makes it difficult to understand how decisions are being made and to hold algorithms accountable for their outcomes. Without transparency, it is challenging to detect errors or biases in the algorithm and to correct them before they cause harm. Furthermore, algorithms are not infa...
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