Weapons of math destruction how big data increases inequality and threatens democracy

We live in the age of the algorithm. Increasingly, the decisions that affect our lives (where we go to school, whether we get a car loan, how much we pay for health insurance) are being made not by humans, but by mathematical models. In theory, this should lead to greater fairness: everyone is judge...

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Main Author: O'Neil, Cathy (Author)
Format: Books Print Book
Language: English
Published: New York : Crown, [2016]
Edition: First edition.
Subjects:
Summary: We live in the age of the algorithm. Increasingly, the decisions that affect our lives (where we go to school, whether we get a car loan, how much we pay for health insurance) are being made not by humans, but by mathematical models. In theory, this should lead to greater fairness: everyone is judged according to the same rules, and bias is eliminated. But as Cathy O'Neil reveals in this book, the opposite is true. The models being used today are opaque, unregulated, and uncontestable, even when they are wrong. Most troubling, they reinforce discrimination: if a poor student can't get a loan because a lending model deems him too risky (by virtue of his zip code), he is then cut off from the kind of education that could pull him out of poverty, and a vicious spiral ensues. Models are propping up the lucky and punishing the downtrodden, creating a 'toxic cocktail for democracy.' Welcome to the dark side of big data. Tracing the arc of a person's life, O'Neil exposes the black box models that shape our future, both as individuals and as a society. These 'weapons of math destruction' score teachers and students, sort résumés, grant (or deny) loans, evaluate workers, target voters, set parole, and monitor our health. O'Neil calls on modelers to take more responsibility for their algorithms and on policy makers to regulate their use. But in the end, it is up to us to become more savvy about the models that govern our lives.
Physical Description: x, 259 pages ; 22 cm
Bibliography: Includes bibliographical references (pages 219-252) and index.
ISBN: 9780553418835
0553418831
9780553418811
0553418815
Author Notes: Cathy O'Neil is a data scientist and author of the blog mathbabe.org. She earned a Ph.D. in mathematics from Harvard and taught at Barnard College before moving to the private sector, where she worked for the hedge fund D. E. Shaw. She then worked as a data scientist at various start-ups, building models that predict people's purchases and clicks. O'Neil started the Lede Program in Data Journalism at Columbia and is the author of Doing Data Science . She is currently a columnist for Bloomberg View .