Project description
Algorithmic prediction in insurance, medicine and policing
The digital era is developing new tools to predict the future and enhance new pathways for specific social areas such as insurance, medicine and policing. The ability to predict the future could lead to better management of the uncertainty that is associated with the future. However, such knowledge could affect a wide range of practices with significant social impact. The EU-funded PREDICT project will develop an inclusive method to study the social, practical and theoretical consequences of prediction in the digital era. The project will investigate three significant social areas: personalised insurance, precision medicine and predictive policing. To achieve its goal, the project will connect the new algorithmic forms of prediction with big data and machine learning.
Objective
The algorithmic turn of prediction, connected with Big Data and Machine Learning, presents an exciting and urgent challenge for the social sciences. Recent advances in digital forecasting claim to provide a predictive score for individual persons or singular events, thereby introducing a new way to manage the uncertainty of the future. But knowing the future in advance is not only advantageous. In fact, for our society, uncertainty about the future is also a resource. Since modernity, with the support of probability calculus various social institutions in different domains have developed means of coping with ignorance of the future by starting with the one thing that we all share – uncertainty. What happens to the stabilized forms of management of the future when their first resource – shared uncertainty – is missing? There is still no systematic research on this groundbreaking transformation. This project proposes a set of theory-driven empirical studies of the transition from probabilistic forms of uncertainty management to the new algorithmic forms of prediction. We will investigate three important social areas highlighting three fundamental dimensions with which digital forecast must deal. 1) First we will focus on personalized insurance. Here the key dimension is individualization of prediction, where the challenge is that such prediction could undermine the mutualization principle organized around actuarial practices. 2) Our second research area is precision medicine, highlighting the dimension of generalization where the challenge is the combination of algorithmic procedures with established statistical methods. 3) In the third field, predictive policing underscores the problem of bias while it challenges the distinction between prevention and repression. Exploring these transformation and its consequences, the project aims at developing a comprehensive approach to study the social, technical and theoretical aspects of prediction in digital society
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Funding Scheme
ERC-ADG - Advanced GrantHost institution
33615 Bielefeld
Germany