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Related papers: Unpacking the Black Box: Regulating Algorithmic De…

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The integration of algorithmic components into neural architectures has gained increased attention recently, as it allows training neural networks with new forms of supervision such as ordering constraints or silhouettes instead of using…

Machine Learning · Computer Science 2021-10-27 Felix Petersen , Christian Borgelt , Hilde Kuehne , Oliver Deussen

A principal designs an algorithm that generates a publicly observable prediction of a binary state. She must decide whether to act directly based on the prediction or to delegate the decision to an agent with private information but…

Theoretical Economics · Economics 2024-02-22 Ruqing Xu

When machine-learning algorithms are used in high-stakes decisions, we want to ensure that their deployment leads to fair and equitable outcomes. This concern has motivated a fast-growing literature that focuses on diagnosing and addressing…

Computers and Society · Computer Science 2023-09-26 Talia Gillis , Bryce McLaughlin , Jann Spiess

The use of algorithmic decision making systems in domains which impact the financial, social, and political well-being of people has created a demand for these decision making systems to be "fair" under some accepted notion of equity. This…

Multiagent Systems · Computer Science 2021-12-07 Andrew Estornell , Sanmay Das , Yang Liu , Yevgeniy Vorobeychik

The pervasive application of algorithmic decision-making is raising concerns on the risk of unintended bias in AI systems deployed in critical settings such as healthcare. The detection and mitigation of biased models is a very delicate…

Machine Learning · Computer Science 2020-11-10 Cecilia Panigutti , Alan Perotti , Andrè Panisson , Paolo Bajardi , Dino Pedreschi

Consider sellers in a competitive market that use algorithms to adapt their prices from data that they collect. In such a context it is plausible that algorithms could arrive at prices that are higher than the competitive prices and this…

Computer Science and Game Theory · Computer Science 2024-10-01 Jason D. Hartline , Sheng Long , Chenhao Zhang

This paper revisits the classic instrument choice problem in a setting with consumption externalities, through the lens of robust mechanism design. A regulator can implement any incentive-compatible policy but is uncertain about how…

General Economics · Economics 2026-03-18 Zi Yang Kang

In Artificial Intelligence, interpreting the results of a Machine Learning technique often termed as a black box is a difficult task. A counterfactual explanation of a particular "black box" attempts to find the smallest change to the input…

Risk Management · Quantitative Finance 2021-07-23 Dan Wang , Zhi Chen , Ionut Florescu

Today, there is no clear legal test for regulating the use of variables that proxy for race and other protected classes and classifications. This Article develops such a test. Decision tools that use proxies are narrowly tailored when they…

Computers and Society · Computer Science 2026-04-24 Frank Fagan

Governments are increasingly turning to algorithmic risk assessments when making important decisions, such as whether to release criminal defendants before trial. Policymakers assert that providing public servants with algorithmic advice…

Human-Computer Interaction · Computer Science 2021-08-16 Ben Green , Yiling Chen

Deep neural network (DNN) models have achieved phenomenal success for applications in many domains, ranging from academic research in science and engineering to industry and business. The modeling power of DNN is believed to have come from…

Machine Learning · Computer Science 2024-10-08 Beomseok Seo , Lin Lin , Jia Li

The current advancement in and deployment of agentic AI systems has created a set of key challenges for the legal frameworks that govern their use. We cover two central components: first, the regulatory classification of agents under the EU…

Computers and Society · Computer Science 2026-04-28 Philipp Hacker , Matthias Holweg

Designing a financial market that works well is very important for developing and maintaining an advanced economy, but is not easy because changing detailed rules, even ones that seem trivial, sometimes causes unexpected large impacts and…

Trading and Market Microstructure · Quantitative Finance 2021-01-08 Takanobu Mizuta

Designing effective model-based reinforcement learning algorithms is difficult because the ease of data generation must be weighed against the bias of model-generated data. In this paper, we study the role of model usage in policy…

Machine Learning · Computer Science 2021-11-30 Michael Janner , Justin Fu , Marvin Zhang , Sergey Levine

While machine-learning models are flourishing and transforming many aspects of everyday life, the inability of humans to understand complex models poses difficulties for these models to be fully trusted and embraced. Thus, interpretability…

Artificial Intelligence · Computer Science 2020-06-18 Guangyi Zhang , Aristides Gionis

Algorithm designers increasingly optimize not only for accuracy, but also for the fairness of the algorithm across pre-defined groups. We study the tradeoff between fairness and accuracy for any given set of inputs to the algorithm. We…

Theoretical Economics · Economics 2024-05-10 Annie Liang , Jay Lu , Xiaosheng Mu , Kyohei Okumura

Rankings are the primary interface through which many online platforms match users to items (e.g. news, products, music, video). In these two-sided markets, not only the users draw utility from the rankings, but the rankings also determine…

Information Retrieval · Computer Science 2020-06-01 Marco Morik , Ashudeep Singh , Jessica Hong , Thorsten Joachims

Classification algorithms are increasingly used in areas such as housing, credit, and law enforcement in order to make decisions affecting peoples' lives. These algorithms can change individual behavior deliberately (a fraud prediction…

Theoretical Economics · Economics 2023-07-06 Elizabeth Maggie Penn , John W. Patty

Complex black-box predictive models may have high performance, but lack of interpretability causes problems like lack of trust, lack of stability, sensitivity to concept drift. On the other hand, achieving satisfactory accuracy of…

Machine Learning · Computer Science 2020-02-12 Alicja Gosiewska , Przemyslaw Biecek

Combining big data and machine learning algorithms, the power of automatic decision tools induces as much hope as fear. Many recently enacted European legislation (GDPR) and French laws attempt to regulate the use of these tools. Leaving…

Other Statistics · Statistics 2018-10-04 Philippe Besse , Celine Castets-Renard , Aurelien Garivier , Jean-Michel Loubes
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