"Many people believe that we can use algorithms and machine learning to analyze current and historical facts in order to make accurate predictions about future events."
Narayanan, Arvind; Kapoor, Sayash. AI Snake Oil: What Artificial Intelligence Can Do, What It Can’t, and How to Tell the Difference (p. 60). Princeton University Press. Kindle Edition.
There aren’t many examples of social science research predicting life outcomes. The evidence we have suggests that we’re quite bad at it. But that hasn’t stopped companies and governments from deploying tools to predict the future and make decisions about people based on those predictions.
Narayanan, Arvind; Kapoor, Sayash. AI Snake Oil: What Artificial Intelligence Can Do, What It Can’t, and How to Tell the Difference (p. 78). Princeton University Press. Kindle Edition.