While most economists advocate for reduced regulations and more information dissemination, David Henderson of the Hoover Institution points out that trusting the government to release good information could prove disastrous. He uses the pandemic to illustrate how it isn’t always in the government’s best interest to release good information. For example, the CDC seemed to withhold a study suggesting schools could’ve reopened safely last October, likely because it didn’t match government agenda and public sentiments.
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An artificial intelligence model built by Ishanu Chattopadhyay and his colleagues analysed crime data in Chicago from 2014 to 2016 and managed to predict future levels of crime down to the nearest 300 metres, a week before they actually happened. While extremely useful, this artificial intelligence has been shown to expose racial prejudice in law enforcement. Hopefully, as the study’s data and methodology have been made available for others to evaluate, these prejudices can be avoided in the next iteration. Read full article here