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Frank Pasquale - The Black Box Society (2015)

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 							The Black Box Society - 
  The Secret Algorithms That Control Money and Information (2015)
  by
Frank Pasquale
  ISBN: 0674368274
  
  
 

  2015 | English | 320 pages | PDF | 2 MB
  
  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
  
  Review
  An exhilarating
read, brimming with passion. Pasquale’s bold and ambitious book lifts the lid on the ‘black box
society’ by tackling a wide array of issues, from secrecy in finance to credit scoring, from search engines to
automated decision-making, from institutional transparency to the relationship between government and big corporations.
Writing with urgency and utter conviction, he paints a compelling—and devastating—picture of the world
that we are building. (Daniel J. Solove, author of Nothing to Hide: The False Tradeoff between Privacy and Security)
  
  A timely and important book about the algorithmic processes that play such central roles in our emerging
information society. Pasquale explores the abuses that have resulted from insufficient transparency and exposes the
inability of either markets or regulators to instill appropriate levels of accountability. He is not a reflexive
technology-basher, however, but instead offers judicious reform proposals. (Julie E. Cohen, author of Configuring the
Networked Self: Law, Code, and the Play of Everyday Practice)
  
  About the Author
  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.  						

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