© Tobias Baer 2019
Tobias BaerUnderstand, Manage, and Prevent Algorithmic Biashttps://doi.org/10.1007/978-1-4842-4885-0_13

13. Assessing the Risk of Algorithmic Bias

Tobias Baer1 
(1)
Kaufbeuren, Germany
 

The last chapter laid the foundation of an informed decision on whether using an algorithm is a better or worse solution to a decision-problem than alternative approaches such as human judgment, a simple criterion, or rolling a dice. That discussion concluded with the observation that empirically, in many situations, algorithms make better decisions than alternative approaches: they make less errors (especially because human decisions often are even more biased) and can be both faster and cheaper. Introducing an algorithm to make decisions may come ...

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