Models vs. Experts #13: Let the Computer Decide who is Suicidal?

Models vs. Experts #13: Let the Computer Decide who is Suicidal?

September 17, 2013 Behavioral Finance
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(Last Updated On: January 18, 2017)

A probabilistic system for identifying suicide attempters

  • Gustafson, D. H., Greist, J. H., etal
  • Computers and Biomedical Research, I0, 1-7
  • An online version of the paper can be found here
  • Want a summary of academic papers with alpha? Check out our free Academic Alpha Database!

Abstract:

This paper reports the results of a study to develop and pilot test a system for screening potential suicide attempters. The system includes a computer interview of patients complaining of suicidal thoughts and Bayesian processing (using subjective probability estimation) of the results of that interview. The results suggest that the system may significantly improve the health field’s ability to identify suicide attempters.

Prediction:

The authors make a hypothesis that people could develop a system to identify patients who will attempt suicide that was significantly better than the average clinician.

Firstly, they develop a system to identify suicide attempters:

  1. Patients are asked to go over a computer interview (questions omitted here);
  2. Immediately after the interview the computer generates an estimate of probability of a suicide attempt.
  3. Bayes’s theorem is used as the data processing model for this system.

The authors compare computer-based probabilities against human-based probabilities. This analysis is confusing and hard to understand, but the bottomline result is that computer’s have an edge.

Later in the paper the authors talk about a study they are working on that is run like a typical controlled experiment:

  • Patients are interviewed by a computer and a human.
  • Computers make predictions and humans make predictions about suicide attempts.
  • Compare the performance.

The sample size is only 30 patients, but here are the results:

  • The computer identified 75% of the attemptors; the humans identified 22%.

Would you rely on the psychologists “gut feel” for a suicide attempt, or would you rely on the computer’s calculated logic? Or maybe both?


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About the Author

Wesley R. Gray, Ph.D.

After serving as a Captain in the United States Marine Corps, Dr. Gray earned a PhD, and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management that delivers affordable active exposures for tax-sensitive investors. Dr. Gray has published four books and a number of academic articles. Wes is a regular contributor to multiple industry outlets, to include the following: Wall Street Journal, Forbes, ETF.com, and the CFA Institute. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.