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the economist

Of prediction and policy, via The Economist

“Machine-learning systems excel at prediction. A common approach is to train a system by showing it a vast quantity of data on, say, students and their achievements. The software chews through the examples and learns which characteristics are most helpful in predicting whether a student will drop out. Once trained, it can study a different group and accurately pick those at risk. By helping to allocate scarce public funds more accurately, machine learning could save governments significant sums. According to Stephen Goldsmith, a professor at Harvard and a former mayor of Indianapolis, it could also transform almost every sector of public policy.”

Of prediction and policy
https://www.economist.com/news/finance-and-economics/21705329-governments-have-much-gain-applying-algorithms-public-policy
via Instapaper



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