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Predictive AI is increasingly used to guide decisions on agents. I show that even a bias-neutral predictive AI can … potentially amplify exogenous (human) bias in settings where the predictive AI represents a cost-adjusted precision gain to … increase in aggregate discrimination is possible if this effect dominates. Not accounting for this mechanism may result in AI …
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understand bias and discrimination as mechanisms and potential points of intervention. …Most definitions of algorithmic bias and fairness encode decisionmaker interests, such as profits, rather than the … interests of disadvantaged groups (e.g., racial minorities): Bias is defined as a deviation from profit maximization. Future …
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amplifying bias, attempts to detect and prevent such biases have intensified. An approach that has received considerable … contributions to understanding and addressing issues around bias in computer systems, outlines the current debates on algorithmic … bias and fairness in machine learning, and discusses how such debates could profit from VSD-derived insights and …
Persistent link: https://www.econbiz.de/10012499910
Machine learning algorithms are now frequently used in sensitive contexts that substantially affect the course of human lives, such as credit lending or criminal justice. This is driven by the idea that 'objective' machines base their decisions solely on facts and remain unaffected by human...
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This study analyzes differences by gender in the ownership of privately held U.S. firms and examines the role of gender in the availability of credit. Using data from the nationally representative Surveys of Small Business Finances, which span a period of sixteen years, we document a series of...
Persistent link: https://www.econbiz.de/10010287094
native population nor immigration flows. In the case of AI, we determine an increase in the wage gap as well as the …, AI leads to a significant inflow of immigrants. Policymakers should devote special attention to the migration population …
Persistent link: https://www.econbiz.de/10014469332