…They must be transparent to all and their assumptions and output constantly audited for logic and common sense. Think about the biggest one these days…climate change models (algorithms)…have they really been audited and certified to be accurate? I don’t think so and yet many of us want us to change our entire economies and way of life based on these untested, filled with assumptions, models that profess to predict weather and sea levels decades into the future. How is that possible, when few algorithms/computer models can predict even one year out?”, Mike Perry, former Chairman and CEO, IndyMac Bank

http://www.nytimes.com/2016/08/01/opinion/make-algorithms-accountable.html