Related papers: Less Discriminatory Alternative and Interpretable …

Alternative data provides valuable insights for lenders to evaluate a borrower's creditworthiness, which could help expand credit access to underserved groups and lower costs for borrowers. But some forms of alternative data have…

Discrimination can occur when the underlying unbiased labels are overwritten by an agent with potential bias, resulting in biased datasets that unfairly harm specific groups and cause classifiers to inherit these biases. In this paper, we…

Decision forest, including RandomForest, XGBoost, and LightGBM, is one of the most popular machine learning techniques used in many industrial scenarios, such as credit card fraud detection, ranking, and business intelligence. Because the…

Current implementations of Gradient Boosting Machines are mostly designed for single-target regression tasks and commonly assume independence between responses when used in multivariate settings. As such, these models are not well suited if…

AI methods referred to as interpretable are often discredited as inaccurate by supporters of the existence of a trade-off between interpretability and accuracy. In many problem contexts however this trade-off does not hold. This paper…

Graph-based methods are becoming increasingly popular in machine learning due to their ability to model complex data and relations. Insurance fraud is a prime use case, since fraudulent claims are often the result of organised criminals…

As the use of black-box models becomes ubiquitous in high stake decision-making systems, demands for fair and interpretable models are increasing. While it has been shown that interpretable models can be as accurate as black-box models in…

Machine learning models have demonstrated promising performance in many areas. However, the concerns that they can be biased against specific demographic groups hinder their adoption in high-stake applications. Thus, it is essential to…

A growing specter in the rise of machine learning is whether the decisions made by machine learning models are fair. While research is already underway to formalize a machine-learning concept of fairness and to design frameworks for…

The widespread use of machine learning and data-driven algorithms for decision making has been steadily increasing over many years. \emph{Bias} in the data can adversely affect this decision-making. We present a new mitigation strategy to…

Previous post-processing bias mitigation algorithms on both group and individual fairness don't work on regression models and datasets with multi-class numerical labels. We propose a priority-based post-processing bias mitigation on both…

Algorithmic lending has transformed the consumer credit landscape, with complex machine learning models now commonly used to make or assist underwriting decisions. To comply with fair lending laws, these algorithms typically exclude legally…

Leveraging current legal standards, we define bias through the lens of marginal benefits and objective testing with the novel metric "Objective Fairness Index". This index combines the contextual nuances of objective testing with metric…

Recently, learning with soft labels has been shown to achieve better performance than learning with hard labels in terms of model generalization, calibration, and robustness. However, collecting pointwise labeling confidence for all…

Data Attribution (DA) is an emerging approach in the field of eXplainable Artificial Intelligence (XAI), aiming to identify influential training datapoints which determine model outputs. It seeks to provide transparency about the model and…

New social and economic activities massively exploit big data and machine learning algorithms to do inference on people's lives. Applications include automatic curricula evaluation, wage determination, and risk assessment for credits and…

Gradient boosting for decision tree algorithms are increasingly used in actuarial applications as they show superior predictive performance over traditional generalised linear models. Many enhancements to the first gradient boosting machine…

A brain computer interface (BCI) is a system which provides direct communication between the mind of a person and the outside world by using only brain activity (EEG). The event-related potential (ERP)-based BCI problem consists of a binary…

The integration of large language models (LLMs) into peer review raises a concern beyond authorship and detection: the potential cascading automation of the entire editorial process. As reviews become partially or fully machine-generated,…

Academic research and the financial industry have recently paid great attention to Machine Learning algorithms due to their power to solve complex learning tasks. In the field of firms' default prediction, however, the lack of…