Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy

Abstract

When I was little, I used to gaze at the traffic out the car window and study license plate numbers. I would reduce each one to its basic elements — the prime numbers that made it up. 45 = 3 x 3 x 5. That’s called factoring, and it was my favorite investigative pastime. My love for math eventually became a passion. I went to math camp when I was 14 and came home clutching a Rubik’s Cube to my chest. Math provided a neat refuge from the messiness of the real world. It marched forward, its field of knowledge expanding relent- lessly, proof by proof. And I could add to it. I majored in math in college and went on to get my Ph.D. Eventually, I became a tenure-track professor at Barnard College, which had a combined math department with Columbia College. And then I made a big change. I quit my job and went to work as a quantitative analyst for D. E. Shaw, a leading hedge fund. In leaving academia for finance, I carried mathematics from abstract theory into practice. The operations we performed on numbers translated into trillions of dollars sloshing from one account to another. At first I was excited and amazed by working in this new laboratory, the global economy. But in the autumn of 2008, after I’d been there for a bit more than a year, it came crashing down.