Crystalized into code, multiplied by billions, made into "common sense", monetized, sold, bought and buried.
@bigfishrunning @Loukas But fraud detection is about stats, not about "every". You're trying to do two things:
(a) be good enough at detecting actual fraud to get regulatory approval that you're trying hard enough
(b) keep false positives, and thus the cost of call centres and pissed-off customers, down.
So target driven in both directions.
@TimWardCam You're using the etymological fallacy[1] to (try to) claim that the word "prejudice" doesn't or can't mean things like "an adverse opinion or leaning formed without just grounds" or "an irrational attitude of hostility directed against an individual, a group, [or] a race". But it can[2], and it's *quite clear* that @Loukas and @bigfishrunning meant it that way.
1: https://en.wikipedia.org/wiki/Etymological_fallacy
2: https://www.merriam-webster.com/dictionary/prejudice, sense 2
@Loukas Being as we are in an election year and a bizarrely polarized and dis-informed political climate, this immediately made me think:
"Polls are just an average of everyone else's prejudices".
@stevenaleach @Loukas
A computer model that predicts the outcome of an election based on polling data is not all that different from what generative AI is doing -- predicting what a human would write in response to a prompt, or predicting what an image would look like to match a given caption.
The outcome can both be accurate as well as undesirable.
@Loukas
Well put!
It's worth expanding that to the readily evident "the cloud is just someone else's computer, and they don't care what happens to you or your data so long as they profit from it," with the obvious analogy to AI decisions.