Describe an algorithm that can be used by organizations for specific purposes. For instance, by firms(bonuses to managers), banks (mortgage lending to households that may default on the mortgage), police (spending scarce resources to detect criminal behavior), and hospitals (care for patients), and so on. You do not have to write any code for this assignment, just a description of how such an algorithm would work.
In this essay, you should address the following specific questions:
a) Describe the required set of information that is needed to run such an algorithm.
b) What are the essential features to understand the use of such an algorithm?
c) What are the consequences for the organization (firms, banks, police, hospitals), the individuals involved and society?
d) Which fundamental rights may be at stake when algorithms are used to take decisions about people and their interests? See articles 2 to 14 of the European Convention on Human Rights for a list of fundamental rights that apply in Europe.
e) How could potential fundamental infringements be prevented?
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