Let’s be real: even with the best intentions, AI systems can reflect our own unconscious biases. As Daniel Kahneman and Amos Tversky famously demonstrated in their groundbreaking work on Prospect Theory, humans are prone to cognitive biases that influence our…
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Kyokai Kenpo Director Yoshimori: Japan Should Eventually Use Cost-Effectiveness Assessment to Set Launch Prices
The Japanese cost-effectiveness assessment (CEA) scheme to be introduced next month is just a starting point and needs further refining to make it one that embraces multi-faceted values, but once a sound system is in place, it should be used…
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