The Failure of Predictive Algorithms

Published on
September 11th, 2019
Duration
17 minutes

The Failure of Predictive Algorithms

Future Fears ·
Featuring Cathy O'Neil

Published on: September 11th, 2019 • Duration: 17 minutes

Cathy O’Neil, CEO of O’Neil Risk Consulting & Algorithmic Auditing, explains to Dee Smith of the Strategic Insights Group how algorithms actually work. O’Neil reveals the shortcomings of predictive algorithms and explains why the market’s lack of understanding of those shortcomings poses an unseen risk. This clip is excerpted from a video published on Real Vision on August 3, 2019 entitled “The Risks of Relying on Algorithms.”

Comments

Transcript

  • BE
    Benjamin E.
    12 September 2019 @ 01:26
    There was no real case presented as it pertains to investing. She does niche specific PR for companies who are worried about law suits for whatever latest radical leftist grievance of the day is trending. Her algorithm is a social justice one. It's success may be admirable in certain situations. But it's of little value where rubber hits the rode of profitable investing. Where success is pretty simply defined. Profit. I'm beginning to wonder if media produced in New York or other such radical liberal cities are even able to produce an investment channel without dabbling in the guilty, penances of the wealthy urbanite elite. I'm a half-step from getting this stuff free on youtuble like a good socialist. Where I atleast expect to see the algorhithm biasing liberal nonsense.