"We are ruined by our own biases. When making decisions, we see what we want, ignore probabilities, and minimize risks that uproot our hopes.
What's worse, "we are often confident even when we are wrong," writes Daniel Kahneman, in his masterful new book on psychology and economics called "Thinking, Fast and Slow."
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Now with that being said,
"Computer systems are now becoming powerful enough, and subtle enough, to help us reduce human biases from our decision-making. And this is a key: They can do it in real-time. Inevitably, that "objective observer" will be a kind of organic, evolving database."
So, this looks like the future will enable us by default to become more objective with algorithms.
http://online.wsj.com/article/SB10001424052970203462304577138961342097348.html
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"The algorithms used by movie rental site Netflix are now responsible for 60% of rentals from the site, as we rely less and less on our own critical faculties and word of mouth and more on what Mr Slavin calls the "physics of culture"
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Now it looks like we are choosing what to watch based on what others watch - we're not thinking.
http://www.bbc.co.uk/news/technology-14306146
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Then lastly algorithms will infer your bias and preferences based on your prior choices, including your down loads from social media and will feed you what your search engine understands you'll want to know.
--------------
Sounds like we are back to square one, the search engine will feed our bias - news that makes us comfortable rather than news that makes us uncomfortable.
What's worse, "we are often confident even when we are wrong," writes Daniel Kahneman, in his masterful new book on psychology and economics called "Thinking, Fast and Slow."
----------------
Now with that being said,
"Computer systems are now becoming powerful enough, and subtle enough, to help us reduce human biases from our decision-making. And this is a key: They can do it in real-time. Inevitably, that "objective observer" will be a kind of organic, evolving database."
So, this looks like the future will enable us by default to become more objective with algorithms.
http://online.wsj.com/article/SB10001424052970203462304577138961342097348.html
-------------
"The algorithms used by movie rental site Netflix are now responsible for 60% of rentals from the site, as we rely less and less on our own critical faculties and word of mouth and more on what Mr Slavin calls the "physics of culture"
----------------------
Now it looks like we are choosing what to watch based on what others watch - we're not thinking.
http://www.bbc.co.uk/news/technology-14306146
--------------
Then lastly algorithms will infer your bias and preferences based on your prior choices, including your down loads from social media and will feed you what your search engine understands you'll want to know.
--------------
Sounds like we are back to square one, the search engine will feed our bias - news that makes us comfortable rather than news that makes us uncomfortable.
