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The Black Box Society: The Secret Algorithms That Control Money and Information

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Every day, corporations are connecting the dots about our personal behavior—silently scrutinizing clues left behind by our work habits and Internet use. The data compiled and portraits created are incredibly detailed, to the point of being invasive. But who connects the dots about what firms are doing with this information? The Black Box Society argues that we all need to be able to do so—and to set limits on how big data affects our lives.

Hidden algorithms can make (or ruin) reputations, decide the destiny of entrepreneurs, or even devastate an entire economy. Shrouded in secrecy and complexity, decisions at major Silicon Valley and Wall Street firms were long assumed to be neutral and technical. But leaks, whistleblowers, and legal disputes have shed new light on automated judgment. Self-serving and reckless behavior is surprisingly common, and easy to hide in code protected by legal and real secrecy. Even after billions of dollars of fines have been levied, underfunded regulators may have only scratched the surface of this troubling behavior.

Frank Pasquale exposes how powerful interests abuse secrecy for profit and explains ways to rein them in. Demanding transparency is only the first step. An intelligible society would assure that key decisions of its most important firms are fair, nondiscriminatory, and open to criticism. Silicon Valley and Wall Street need to accept as much accountability as they impose on others.

Frank Pasquale is Professor of Law at the University of Maryland, an Affiliate Fellow at Yale Law School’s Information Society Project, and a member of the Council for Big Data, Ethics, and Society.

Συγγραφέας: Pasquale Frank
Εκδότης: HARVARD UNIVERSITY PRESS
Σελίδες: 311
ISBN: 9780674970847
Εξώφυλλο: Μαλακό Εξώφυλλο
Αριθμός Έκδοσης: 1
Έτος έκδοσης: 2016

Frank Pasquale (School of Law, University of Maryland) has published extensively on the law, policy, and ethics of artificial intelligence and cognate fields (including algorithmic accountability, machine learning, and big data). He has served on the Council on Big Data, Ethics, and Society, the Academic Council of the AINow Institute, and the National Committee on Vital and Health Statistics. His 2015 book The Black Box Society developed a social theory of reputation, search, and finance, while proposing pragmatic reforms to improve the information economy.

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