|Photo: Mona Chalabi|
|Weapons of Math Destruction: |
How Big Data Increases Inequality
and Threatens Democracy
As well as questioning the two-party system in the US, she’s also looked at how mathematics has been used in the housing and banking sector to affect our lives via her blog mathbabe for more than a decade. So what’s her problem with good old American democracy in 2016?
“Democracy is more than a two-party system. It’s an informed public and that’s what’s at risk,” she says. “The debates are where you would hope to find out real information, but they’re just talking about their dick size … The algorithms are making it harder and harder to get good information.” And algorithms, rule-based processes for solving mathematical problems, are being applied to more and more areas of our lives.
This idea is at the heart of O’Neil’s thinking on why algorithms can be so harmful. In theory, mathematics is neutral – two plus two equals four regardless of what anyone wishes the answer was. But in practice, mathematical algorithms can be formulated and tweaked based on powerful interests.
O’Neil saw those interests first hand when she was a quantitative analyst on Wall Street. Starting in 2007, O’Neil spent four years in finance, two of them working for a hedge fund. There she saw the use of weapons of math destruction, a term O’Neil uses to describe “algorithms that are important, secret and destructive”. The algorithms that ultimately caused the financial crisis meet all of those criteria – they affected large numbers of people, were entirely opaque and destroyed lives.
“I left disgusted by finance because I thought of it as a rigged system and it was rigged for the insiders,” says O’Neil. “I was ashamed by that – as a mathematician I love math and I think math is a tool for good.”
Among the many examples of powerful formulas that O’Neil cites in her book, political polling doesn’t come up, even though this election cycle has made polling’s power more talked about than ever before. So is it dangerous? Could polling be a weapon of math destruction?
She pauses – “I’m not sure” – then she pauses some more. “I think polling is a weapon of math destruction,” she says. “Nobody really understands it, it’s incredibly widespread and powerful.” We discuss the success of Nate Silver, the founder and editor-in-chief of FiveThirtyEight (a site I spent almost two years working at). Silver has positioned himself as one of the few people who does understand polling, and as such he’s been christened as a soothsayer and savant. We’re desperate for math answers, which is part of the reason we ended up here, according to O’Neil...
O’Neil’s book explains how other mathematical models do a similar thing – such as the ones used to measure the likelihood an individual will relapse into criminal behavior. When someone is classed as “high risk”, they’re more likely to get a longer sentence and find it harder to find a job when they eventually do get out. That person is then more likely to commit another crime, and so the model looks like it got it right.
Source: The Guardian