Nice to see that the debate has reached the ears of the main people working on this field. What is important to note here is that we need to tweak the mathematical model to the culture we want to achieve. In other words, the objective function of the optimization problem needs not only match the current state of the world, and provide an hindsight in one's own economic interests, it also needs to take into account th…
I'm not sure that's clear. There are actually two ways to achieve the outcome we want; tweaking the model or changing the inputs . What I mean, say the model identifies that a certain group has a greater risk due to systemic problems. If you change something about the group, you can change the calculated risk without changing the model. And this may very well be a better way to achieve the outcome you want. Specifica…
Specifically, a machine learning will produce different numbers for 2 individuals with the exact same characteristics except the race. And that is the problem that needs to be addressed.
Let's put it in another context. Let's say I'm a white athlete, and I'm very good at running the 100m race. Actually I run just as fast as a black person who is my main rival. Now if someone has to select one of us to go to the Olympics, they should toss a coin to decide who goes. If you use a ML algorithm, it would absolutely send the black person, because no white people has won a 100m race in the last 20 olympics. That's the kind of bias ML does and that needs to be addressed.