Computerized decision making has taken off in recent years. Some have blamed the worldwide financial crisis on excessive reliance on these computerized decision making models.
Case Study: Computerized decision making has taken off in recent years. Some have blamed the worldwide financial crisis on excessive reliance on these computerized decision making models. Lending officers who previously made individualized decisions about credit worthiness through personal judgment were replaced by computerized statistical models, resulting in mechanistic decision making. Large numbers of […]