Choudhary, V, Marchetti, A, Shrestha, Y R and Puranam, P
(2023)
Human-AI Ensembles: When Can They Work?
Journal of Management.
ISSN 0149-2063
(In Press)
Abstract
An “ensemble” approach to decision-making involves aggregating the results from different decision makers solving the same problem (i.e., a division of labor without specialization). We draw on the literatures on machine learning-based Artificial Intelligence (AI) as well as on human decision-making to propose conditions under which human-AI ensembles can be useful. We argue that human and AI-based algorithmic decision-making can be usefully ensembled even when neither has a clear advantage over the other in terms of predictive accuracy, and even if neither alone can attain satisfactory accuracy in absolute terms. Many managerial decisions have these attributes, and collaboration between humans and AI is usually ruled out in such contexts because the conditions for specialization are not met. However, we propose that human-AI collaboration through ensembling is still a possibility under the conditions we identify.
More Details
Item Type: | Article |
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Subject Areas: | Strategy and Entrepreneurship |
Date Deposited: | 06 Oct 2023 15:44 |
Date of first compliant deposit: | 06 Oct 2023 |
Last Modified: | 31 Aug 2024 01:31 |
URI: | https://lbsresearch.london.edu/id/eprint/3019 |