When to Trust Robots with Decisions Making

There is a remarkable growth in relying on the robots with intelligent algorithms for everyday decision-making by human beings. These algorithms in the robots are very efficient and advanced, as there are vast volume and variety of data available. However, there are certain decisions that are to be made only by the human brain rather than a robot. Considering the high stakes involved, it is very difficult to draw the line as there is no perfect framework as to make this "decision." Vasant Dhar, a professor of information systems at New York University's Stern School of Business said that "I propose a risk-oriented framework for deciding when and how to allocate decision problems between humans and machine-based decision makers. I've developed this framework based on the experiences that my collaborators and I have had implementing prediction systems over the last 25 years in domains like finance, healthcare, education, and sports," in a Harvard Business Review article.