#decisionmmaking — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #decisionmmaking, aggregated by home.social.
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The Benefits and Dangers of #DecisionMmaking by Algorithm https://conversableeconomist.com/2025/03/27/the-benefits-and-dangers-of-decision-making-by-algorithm/
"Even if the #algorithm does a better job than most humans, some humans will do better than the algorithm.
The gain from using algorithms in many contexts is relatively small in percentage terms, although a small percentage gain applied to a large number of people can certainly be meaningful.
People are more unforgiving of algorithmic error than of human error.
Greater complexity will limit the benefit of an algorithm.
Algorithms are not good, and perhaps cannot be good, at what are sometimes called path-dependent events"
#BoundedRationality #bias #heuristic