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- Black box models are models that are used to make predictions or decisions, but whose internal workings are not transparent12. Here are some examples of black box models:
- Neural Networks: Neural networks are a type of black box model that mimic the human brain’s ability to recognize patterns1.
- Machine Learning Algorithms: Machine learning algorithms are another common example of black box models1.
- High-Frequency Trading Models: In the world of high-frequency trading, black box models are extensively used to exploit short-term market inefficiencies1.
- Autonomous vehicles: If an autonomous vehicle strikes a pedestrian when we’d expect it to hit the brakes, the black box nature of the system means we can’t trace the system’s thought process and see why it made this decision2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.To better understand how black box models work in practice, let’s consider a few examples:
- Neural Networks: Neural networks are a type of black box model that mimic the human brain’s ability to recognize patterns. ...
livewell.com/finance/what-is-a-black-box-model-def…If, for example, an autonomous vehicle strikes a pedestrian when we’d expect it to hit the brakes, the black box nature of the system means we can’t trace the system’s thought process and see why it made this decision.umdearborn.edu/news/ais-mysterious-black-box-pr… - People also ask
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