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With increasing interest in explaining machine learning (ML) models, the first part of this two-part study synthesizes recent research on methods for explaining global and local aspects of ML models. This study distinguishes explainability…

Machine Learning · Statistics 2022-11-17 Montgomery Flora , Corey Potvin , Amy McGovern , Shawn Handler

In high-stakes domains like healthcare, users often expect that sharing personal information with machine learning systems will yield tangible benefits, such as more accurate diagnoses and clearer explanations of contributing factors.…

Machine Learning · Computer Science 2026-03-18 Louisa Cornelis , Guillermo Bernárdez , Haewon Jeong , Nina Miolane

Interpretability analysis methods for artificial intelligence models, such as LIME and SHAP, are widely used, though they primarily serve as post-model for analyzing model outputs. While it is commonly believed that the transparency and…

General Finance · Quantitative Finance 2025-02-28 Yan Zhang , Lin Chen , Yixiang Tian

The development of Machine Learning is experiencing growing interest from the general public, and in recent years there have been numerous press articles questioning its objectivity: racism, sexism, \dots Driven by the growing attention of…

Machine Learning · Statistics 2023-07-27 Marguerite Sauce , Antoine Chancel , Antoine Ly

Machine learning (ML) interpretability techniques can reveal undesirable patterns in data that models exploit to make predictions--potentially causing harms once deployed. However, how to take action to address these patterns is not always…

We review generalized additive models as a type of ``transparent'' model that has recently seen renewed interest in the deep learning community as neural additive models. We highlight multiple types of nonidentifiability in this model class…

Machine Learning · Computer Science 2025-04-15 Xinyu Zhang , Julien Martinelli , ST John

Existing procedures for model validation have been deemed inadequate for many engineering systems. The reason of this inadequacy is due to the high degree of complexity of the mechanisms that govern these systems. It is proposed in this…

Artificial Intelligence · Computer Science 2007-05-23 A. Guergachi

The lack of interpretability has hindered the large-scale adoption of AI technologies. However, the fundamental idea of interpretability, as well as how to put it into practice, remains unclear. We provide notions of interpretability based…

Machine Learning · Computer Science 2021-11-18 Hangcheng Dong , Bingguo Liu , Fengdong Chen , Dong Ye , Guodong Liu

The lack of interpretability and transparency are preventing economists from using advanced tools like neural networks in their empirical research. In this paper, we propose a class of interpretable neural network models that can achieve…

Econometrics · Economics 2020-12-01 Yucheng Yang , Zhong Zheng , Weinan E

Although deep reinforcement learning has become a promising machine learning approach for sequential decision-making problems, it is still not mature enough for high-stake domains such as autonomous driving or medical applications. In such…

Machine Learning · Computer Science 2022-02-25 Claire Glanois , Paul Weng , Matthieu Zimmer , Dong Li , Tianpei Yang , Jianye Hao , Wulong Liu

Interpretable machine learning (IML) becomes increasingly important in highly regulated industry sectors related to the health and safety or fundamental rights of human beings. In general, the inherently IML models should be adopted because…

Machine Learning · Computer Science 2021-11-03 Agus Sudjianto , Aijun Zhang

Machine-learning-based entity resolution has been widely studied. However, some entity pairs may be mislabeled by machine learning models and existing studies do not study the risk analysis problem -- predicting and interpreting which…

Databases · Computer Science 2019-12-09 Zhaoqiang Chen , Qun Chen , Boyi Hou , Tianyi Duan , Zhanhuai Li , Guoliang Li

Recent years have seen a boom in interest in machine learning systems that can provide a human-understandable rationale for their predictions or decisions. However, exactly what kinds of explanation are truly human-interpretable remains…

Machine Learning · Computer Science 2019-08-30 Isaac Lage , Emily Chen , Jeffrey He , Menaka Narayanan , Been Kim , Sam Gershman , Finale Doshi-Velez

Machine learning models are increasingly used in the industry to make decisions such as credit insurance approval. Some people may be tempted to manipulate specific variables, such as the age or the salary, in order to get better chances of…

Machine Learning · Statistics 2018-09-10 Xavier Renard , Thibault Laugel , Marie-Jeanne Lesot , Christophe Marsala , Marcin Detyniecki

The field of machine learning has seen tremendous progress in recent years, with deep learning models delivering exceptional performance across a range of tasks. However, these models often come at the cost of interpretability, as they…

Machine Learning · Computer Science 2024-01-08 Shun Liu

This paper comprehensively reviews the application of machine learning (ML) and AI in finance, specifically in the context of asset pricing. It starts by summarizing the traditional asset pricing models and examining their limitations in…

Statistical Finance · Quantitative Finance 2024-03-12 Junyi Ye , Bhaskar Goswami , Jingyi Gu , Ajim Uddin , Guiling Wang

Explainability is highly-desired in Machine Learning (ML) systems supporting high-stakes policy decisions in areas such as health, criminal justice, education, and employment. While the field of explainable ML has expanded in recent years,…

Machine Learning · Computer Science 2023-02-21 Kasun Amarasinghe , Kit Rodolfa , Hemank Lamba , Rayid Ghani

The growing need for trustworthy machine learning has led to the blossom of interpretability research. Numerous explanation methods have been developed to serve this purpose. However, these methods are deficiently and inappropriately…

Machine Learning · Computer Science 2022-03-29 Yipei Wang , Xiaoqian Wang

We take inspiration from the study of human explanation to inform the design and evaluation of interpretability methods in machine learning. First, we survey the literature on human explanation in philosophy, cognitive science, and the…

Artificial Intelligence · Computer Science 2021-09-21 David Alvarez-Melis , Harmanpreet Kaur , Hal Daumé , Hanna Wallach , Jennifer Wortman Vaughan

Artificial intelligence (AI) provides many opportunities to improve private and public life. Discovering patterns and structures in large troves of data in an automated manner is a core component of data science, and currently drives…

Machine Learning · Computer Science 2020-09-25 Vaishak Belle , Ioannis Papantonis
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