Federal Reserve Bank of Minneapolis Opportunity and Inclusive Growth Institute: Algorithmic Recommendations Significantly Sway Human Decisions
May 25, 2025
May 25, 2025
WASHINGTON, May 25 (TNSLrpt) -- The Federal Reserve Bank of Minneapolis Opportunity and Inclusive Growth Institute issued the following white paper (No. 104) on May 13, 2025 entitled "The Hidden Effects of Algorithmic Recommendations". Algorithms are increasingly used to aid high-stakes decisions, from loan approvals to mental health treatment and criminal justice. While conventional wisdom suggests these algorithms influence human decisions primarily through data-driven predictions, r . . .