Related papers: Social Group Bias in AI Finance
In traditional decision making processes, social biases of human decision makers can lead to unequal economic outcomes for underrepresented social groups, such as women, racial or ethnic minorities. Recently, the increasing popularity of…
Large Language Models (LLMs) are being adopted across a wide range of tasks, including decision-making processes in industries where bias in AI systems is a significant concern. Recent research indicates that LLMs can harbor implicit biases…
Instruction-tuned language models exhibit behavioural fairness in high-stakes decisions while retaining biased associations in their internal representations. However, whether these suppressed representations can affect model outputs - and…
Large Language Models (LLMs) are increasingly adopted in financial analysis for interpreting complex market data and trends. However, their use is challenged by intrinsic biases (e.g., risk-preference bias) and a superficial understanding…
Large Language Models (LLMs) inherit explicit and implicit biases from their training datasets. Identifying and mitigating biases in LLMs is crucial to ensure fair outputs, as they can perpetuate harmful stereotypes and misinformation. This…
Large Language Models (LLMs) offer the potential to automate hiring by matching job descriptions with candidate resumes, streamlining recruitment processes, and reducing operational costs. However, biases inherent in these models may lead…
The use of language technologies in high-stake settings is increasing in recent years, mostly motivated by the success of Large Language Models (LLMs). However, despite the great performance of LLMs, they are are susceptible to ethical…
Recent literature has suggested the potential of using large language models (LLMs) to make classifications for tabular tasks. However, LLMs have been shown to exhibit harmful social biases that reflect the stereotypes and inequalities…
While Large Language Models (LLMs) have become ubiquitous in many fields, understanding and mitigating LLM biases is an ongoing issue. This paper provides a novel method for evaluating the demographic biases of various generative AI models.…
In finance, Large Language Models (LLMs) face frequent knowledge conflicts arising from discrepancies between their pre-trained parametric knowledge and real-time market data. These conflicts are especially problematic in real-world…
Artificial Intelligence (AI) is increasingly used in hiring, with large language models (LLMs) having the potential to influence or even make hiring decisions. However, this raises pressing concerns about bias, fairness, and trust,…
Large Language Models (LLMs) are increasingly integrated into critical decision-making processes, such as loan approvals and visa applications, where inherent biases can lead to discriminatory outcomes. In this paper, we examine the nuanced…
Large Language Models (LLMs) are increasingly integrated into financial workflows, but evaluation practice has not kept up. Finance-specific biases can inflate performance, contaminate backtests, and make reported results useless for any…
The recent advances in large language models (LLMs) have revolutionized industries such as finance, marketing, and customer service by enabling sophisticated natural language processing tasks. However, the broad adoption of LLMs brings…
The pervasive spread of misinformation and disinformation in social media underscores the critical importance of detecting media bias. While robust Large Language Models (LLMs) have emerged as foundational tools for bias prediction,…
Do generative AI models, particularly large language models (LLMs), exhibit systematic behavioral biases in economic and financial decisions? If so, how can these biases be mitigated? Drawing on the cognitive psychology and experimental…
While advances in fairness and alignment have helped mitigate overt biases exhibited by large language models (LLMs) when explicitly prompted, we hypothesize that these models may still exhibit implicit biases when simulating human…
Large Language Models (LLMs) are increasingly being used to simulate human-like decision making in agent-based financial market models (ABMs). As models become more powerful and accessible, researchers can now incorporate individual LLM…
Over the last year, Large Language Models (LLMs) like ChatGPT have become widely available and have exhibited fairness issues similar to those in previous machine learning systems. Current research is primarily focused on analyzing and…
Large language models (LLMs) are increasingly deployed in financial contexts, raising critical concerns about reliability, alignment, and susceptibility to adversarial manipulation. While prior finance-related benchmarks assess LLMs'…