Despite the great hype of AI, there are still many limitations of what AI can do. Real life is too complicated for a machine to figure out, at least currently.
Source: MIT Tech Review
Hundreds of researchers attempted to predict children’s and families’ outcomes, using 15 years of data. None were able to do so with meaningful accuracy.
Now a new study published in the Proceedings of the National Academy of Sciences casts doubt on how effective this approach really is. Three sociologists at Princeton University asked hundreds of researchers to predict six life outcomes for children, parents, and households using nearly 13,000 data points on over 4,000 families. None of the researchers got even close to a reasonable level of accuracy, regardless of whether they used simple statistics or cutting-edge machine learning.
“The study really highlights this idea that at the end of the day, machine-learning tools are not magic,” says Alice Xiang, the head of fairness and accountability research at the nonprofit Partnership on AI.