On the Value of ML Models

13 Dec 2021  ·  Fabio Casati, Pierre-André Noël, Jie Yang ·

We argue that, when establishing and benchmarking Machine Learning (ML) models, the research community should favour evaluation metrics that better capture the value delivered by their model in practical applications. For a specific class of use cases -- selective classification -- we show that not only can it be simple enough to do, but that it has import consequences and provides insights what to look for in a ``good'' ML model.

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