Paper ID: 2112.06775

On the Value of ML Models

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.

Submitted: Dec 13, 2021