Of prediction and policy- great examples via The Economist

“Bail decisions, in which judges estimate the risk of a prisoner fleeing or offending before trial, seem particularly ripe for help. Jens Ludwig of the University of Chicago and his colleagues claim that their algorithm, tested on a sample of past cases, would have yielded around 20% less crime (see chart), while leaving the number of releases unchanged. A similar reduction nationwide, they suggest, would require an extra 20,000 police officers at a cost of $2.6 billion. The White House is taking notice. Better bail decisions are a big priority of its Data-Driven Justice Initiative, which 67 states, cities and counties signed in June.”

Of prediction and policy
http://www.economist.com/news/finance-and-economics/21705329-governments-have-much-gain-applying-algorithms-public-policy
via Instapaper