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Legal Theory & Systems - The Black Box Society: The Secret Algorithms That Control Money and Information

Description

Book Synopsis: 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.

Details

Are you tired of feeling like your personal information is being used against you? Do you want to know how big data is impacting your life and the economy? Look no further than The Black Box Society: The Secret Algorithms That Control Money and Information. This thought-provoking book will open your eyes to the hidden algorithms that have the power to make or break reputations, shape destinies, and even lead to economic disaster. Get ready to dive into the world of secrecy and complexity that exists within major corporations and uncover the truth behind their automated decision-making processes.

In The Black Box Society, author Frank Pasquale exposes the self-serving and reckless behavior of powerful interests that use secrecy for profit. From Silicon Valley to Wall Street, these entities have long hidden behind a façade of neutrality and technicality. But now, leaks, whistleblowers, and legal disputes are shedding light on the truth. It's time to demand transparency and hold these firms accountable for their actions.

But demanding transparency is just the first step. An intelligible society requires fair, nondiscriminatory, and open decision-making processes from its most influential companies. The secrets hidden in code protected by legal and real secrecy must be brought to the surface. It's time for Silicon Valley and Wall Street to accept the same level of accountability that they impose on others. Only then can we ensure that our lives are not controlled by hidden algorithms, but rather by our own choices and values.

Knowledge is power, and The Black Box Society is your key to unlocking a world of understanding. Take control of your personal data and the impact it has on your life. Join the movement for transparency and accountability by reading this compelling book today.

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