As I had read many comments and reviews about this book, including one by Arthur Charpentier, on Freakonometrics, I eventually decided to buy it from my Amazon Associate savings (!). With a strong a priori bias, I am afraid, gathered from reading some excerpts, comments, and the overall advertising about it. And also because the book reminded me of another quantic swan. Not to mention the title. After reading it, I am afraid I cannot tell my ascertainment has changed much.
“Models are opinions embedded in mathematics.” (p.21)
The core message of this book is that the use of algorithms and AI methods to evaluate and rank people is unsatisfactory and unfair. From predicting recidivism to fire high school teachers, from rejecting loan applications to enticing the most challenged categories to enlist for for-profit colleges. Which is indeed unsatisfactory and unfair. Just like using the h index and citation ranking for promotion or hiring. (The book mentions the controversial hiring of many adjunct faculty by KAU to boost its ranking.) But this conclusion is not enough of an argument to write a whole book. Or even to blame mathematics for the unfairness: as far as I can tell, mathematics has nothing to do with unfairness. Some analysts crunch numbers, produce a score, and then managers make poor decisions. The use of mathematics throughout the book is thus completely inappropriate, when the author means statistics, machine learning, data mining, predictive algorithms, neural networks, &tc. (OK, there is a small section on Operations Research on p.127, but I figure deep learning can bypass the maths.) Continue reading