Comment on The Economist on using phrenology for hiring and lending decisions: "Some might argue that face-based analysis is more meritocratic" […] "For people without access to credit, that could be a blessing"

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GenderNeutralBro@lemmy.sdf.org ⁨3⁩ ⁨days⁩ ago

The problem here is education.

And I’m not just talking about “average joes” who don’t know the first thing about statistics. It is mind-boggling how many people with advanced degrees do not understand the difference between correlation and causation, and will argue until they’re blue in the face that it doesn’t affect results.

AI is not helping. Modern machine learning is basically a correlation engine with no concept of causation. The idea of using it to predict the future is dead on arrival. The idea of using it in any prescriptive role in social sciences is grotesque; it will never be more than a violation of human dignity.

Billions upon billions of dollars are being invested in putting lipstick on that pig. At this point it is more lipstick than pig.

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