ALGORITHMS IN DECISION-MAKING

When I go to buy something in the shop and my credit card gets rejected!

I am totally dejected, embarrassed and confused!

 what is going on?

Some guy altered/Authored the fraud detection algorithm which is being used by the credit card company and somehow it does not want to authorize that particular purchase because the algorithm says this could be a fraudulent transaction.

ALGORITHMS IN DECISION-MAKING

The House of Commons science and technology committee launched an inquiry into ‘Algorithms in decision-making’ following a fantastic pitch from our policy manager Dr Stephanie Mathisen. As Steph argues, algorithms — quite rapidly and without debate — have come to replace humans in making decisions that affect many aspects of our lives, from criminal justice to education. Algorithms in themselves are neither ‘good’ nor ‘bad’, but where the public has little access to information about the workings of algorithms in decision-making, there is a serious lack of transparency and therefore accountability and choice. We look forward to the committee’s report in 2018.