Chapter
Undetected Fraud Facilitated by Digits in Real
2:21:48 - 2:29:50 (08:01)
A previously undetected fraud in the digits of real estate allowed for weeks or even months of fraudulent activity. Auditing through forks rather than edit words could prevent this in the future.
Clips
In a network state, auditing is a critical process to ensure that reported data is accurate.
2:21:48 - 2:22:46 (00:57)
Summary
In a network state, auditing is a critical process to ensure that reported data is accurate. This task can be performed by independent auditors like PWC, who can help maintain transparency and prevent corruption.
ChapterUndetected Fraud Facilitated by Digits in Real
Episode#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA
PodcastLex Fridman Podcast
Benford's law, also known as the first digit law, is a statistical pattern in which the first significant digit in a dataset is likely to be small.
2:22:46 - 2:26:40 (03:54)
Summary
Benford's law, also known as the first digit law, is a statistical pattern in which the first significant digit in a dataset is likely to be small. This pattern has various applications, including detecting fraud and inconsistencies in datasets.
ChapterUndetected Fraud Facilitated by Digits in Real
Episode#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA
PodcastLex Fridman Podcast
The speaker discusses the flaws in Wikipedia's system that rely on editors and how this can lead to fraudulent activity going undetected for weeks or months.
2:26:41 - 2:29:50 (03:08)
Summary
The speaker discusses the flaws in Wikipedia's system that rely on editors and how this can lead to fraudulent activity going undetected for weeks or months. They also highlight how this impacts the trustworthiness of the platform.