Anti Data Science Applying Talebs Barbell in the Ai World 12

Metadata

• Author: Alex Honchar
• Full Title:: Anti-Data-Science: Applying Nassim Nicholas Taleb’s Barbell in the AI World [1/2]
• Category:: 🗞️Articles
• URL:: https://alexrachnog.medium.com/anti-data-science-applying-talebs-barbell-in-the-ai-world-1-2-7b8a0c611896
• Finished date:: 2023-02-09

Highlights

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The most interesting part is that the unit economics of every prediction in these cases is actually linear by nature. You can relatively easily estimate how much time/money you lose on the baseline (human decision-making or none at all) and compare it with the ML model performance (that also has its own accuracy and underlying costs) and just ensure that the profit from adding the AI/ML solution compared to the baseline is higher than the costs on it and losses from mistakes that are going to happen anyway: (View Highlight)