Machine Learning and Credit Card Fraud

A good example of this is probably talking about credit card fraud detection. And that's not fraud. Not fraud is in the animal, which I always say by accident, but credit card fraud isn't someone stealing your credit card and using it for their nefarious purposes. So you have basically for each transaction a bunch of little measurements and the algorithms look through those measurements and they try to assign a likelihood to the overall transaction based on like how weird those measurements are.