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This is why, as a machine learning engineer, my skepticism about most AI / ML work is rooted in the sociology of predictions / forecasting. Humans seldom care
by mlthoughts2018 8y ago
This is why, as a machine learning engineer, my skepticism about most AI / ML work is rooted in the sociology of predictions / forecasting.
Humans seldom care about actually improving forecasts beyond the level given by very simple models. We are drawn to a very, very tiny set of domains where people might care, like epidemiology or meteorology, while in the vast majority (investing, customer analytics, national security, energy, climate, politics) we totally don’t care. Advanced algorithms only help to the extent they offer marketing hype or drive recruiting.
Robin Hanson alread wrote a great summary about this:
< https://www.cato-unbound.org/2011/07/13/robin-hanson/who-cares-about-forecast-accuracy https://www.cato-unbound.org/2011/07/13/robin-hanson/who-car... >