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In the modern economy it’s impossible to not be constantly and pervasively impacted by these data models. I think it’s reasonable to assert that it is in societ
by eropple 7y ago
In the modern economy it’s impossible to not be constantly and pervasively impacted by these data models. I think it’s reasonable to assert that it is in society’s best interest to make sure that the effects and impacts of these models are communicated as perfectly as possible to those who are forced to live under their purview. What way is this done besides viewing the model? (And given the state of regulatory capture, I’m not sure you can rely on regulators as proxies, no?)
It’s totally possible that those models could then be “gamed”, sure—but it’s more important that people are able to live than for lenders and the like to make yet another buck, isn’t it?
- toomuchtodo 7y agoLenders can still realize a reasonable profit while ensuring people are not improperly discriminated against by machine intelligence. Effective regulation is possible. I would even be willing to serve a tour of duty standing up such a regulatory body, perhaps as a division of the CFPB. Throwing up your hands that government is ineffective entirely is unreasonable, just as asking for all models to be public is.
- eropple 7y agoEffective regulation is possible, sure. Is effective regulation likely? And is it made more or less likely by transparency? Heck, as I think about this further--wouldn't transparent models help realize those reasonable profits? If everybody's cards are on the table, doesn't that encourage the market to move towards perfect competition?
- toomuchtodo 7y agoIf you’re open to a conversation about what legislation would look like, I am receptive to collaboration. The best people for public policy are the ones who don’t want the job, but do it because it’s necessary.