The question of what's fair illuminates the question of what's hard
quantamagazine.org
quantamagazine.org
The problem with measuring things though is that you are forced to compare data and make original decisions that may likely destroy your personal opinions of a deeply held approach. Most developers bind their careers to a few technical conventions, which means a potentially catastrophic emotional/ethical impasse.
The fairness described in the article is about validation of algorithms across human fairness in finance and insurance, which implies validation against demographic averages. That can mean challenging assumptions of social presumptions for the sake of defeating bias as a quality control measure of algorithmic durability.
In either case the enemy is bias and the challenge is choosing between data objectivity versus current approaches. Even when the problem is made as simple as can be imagined people still find this harder than an outside observer would expect.
It's not clear to me what is meant by the term "fair" in this context. I would make the claim that an accurate prediction is fair by any reasonable definition.
If you're too strict with it you will immediately run into the problem that, say, someone with a well paying career is more likely to pay their loan back than someone who works behind a checkout, but that's "unfair" because it's correlated with family wealth, intelligence, lack of genetic disease, etc. Your algorithm can't be fair in the 'equality for all' sense because if it were it would have close to zero predictive value.