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Specifically, "algorithmic transparency" states that the inputs to the algorithm and the algorithm's use itself must be known, but they need not be fair. " Algorithmic accountability " implies that the organizations that use algorithms must be accountable for the decisions made by those algorithms, even though the decisions are being made by a ...
An algorithm is fundamentally a set of rules or defined procedures that is typically designed and used to solve a specific problem or a broad set of problems.. Broadly, algorithms define process(es), sets of rules, or methodologies that are to be followed in calculations, data processing, data mining, pattern recognition, automated reasoning or other problem-solving operations.
Algorithmic accountability refers to the allocation of responsibility for the consequences of real-world actions influenced by algorithms used in decision-making processes. [ 1 ] Ideally, algorithms should be designed to eliminate bias from their decision-making outcomes.
In academic discourse, the usage of the term “black box” dates back to at least 1963 with Mario Bunge's work on a black box theory in mathematics. [18]The term “black box,” as used throughout The Black Box Society by author and law professor, Frank Pasquale, is a dual metaphor for a recording device such as a data-monitoring system and for a system whose inner workings are secret or ...
The idea of the standardized algorithmic representation of financial contracts, however, is independent of and predates blockchain technology and digital currencies. [8] In fact, also Nick Szabo's definition of smart contracts dates back to 1994. However, it is highly relevant for blockchains or distributed ledgers and the concept of smart ...
Algorithmic system inspections to support enforcement of the DSA. Technical tests on algorithmic systems to enhance the understanding of their functioning. Advice on procedures to secure data access to regulators and researchers. 2. Scientific research and foresight. Study of the short, mid and long-term societal impact of algorithmic systems.
Algorithmic management is a term used to describe certain labor management practices in the contemporary digital economy. In scholarly uses, the term was initially coined in 2015 by Min Kyung Lee, Daniel Kusbit, Evan Metsky, and Laura Dabbish to describe the managerial role played by algorithms on the Uber and Lyft platforms, [1] [2] but has since been taken up by other scholars to describe ...
Government by algorithm [1] (also known as algorithmic regulation, [2] regulation by algorithms, algorithmic governance, [3] [4] algocratic governance, algorithmic legal order or algocracy [5]) is an alternative form of government or social ordering where the usage of computer algorithms is applied to regulations, law enforcement, and generally any aspect of everyday life such as ...