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We introduce methodology to bridge scenario analysis and model-based risk forecasting, leveraging their respective strengths in policy settings. Our Bayesian framework addresses the fundamental challenge of reconciling judgmental narrative…

Econometrics · Economics 2025-05-09 Tobias Adrian , Domenico Giannone , Matteo Luciani , Mike West

As the development of Large Models (LMs) progresses rapidly, their safety is also a priority. In current Large Language Models (LLMs) and Multimodal Large Language Models (MLLMs) safety workflow, evaluation, diagnosis, and alignment are…

Deep learning models often achieve expert-level accuracy in medical image classification but suffer from a critical flaw: semantic incoherence. These high-confidence mistakes that are semantically incoherent (e.g., classifying a malignant…

Computer Vision and Pattern Recognition · Computer Science 2026-04-15 Abolfazl Mohammadi-Seif , Ricardo Baeza-Yates

Artificial intelligence (AI) systems increasingly achieve expert-level predictive accuracy in healthcare, yet improvements in model performance often fail to produce corresponding gains in patient outcomes. We term this disconnect the…

Artificial Intelligence · Computer Science 2026-01-13 Rifa Ferzana

Black swan events are statistically rare occurrences that carry extremely high risks. A typical view of defining black swan events is heavily assumed to originate from an unpredictable time-varying environments; however, the community lacks…

Artificial Intelligence · Computer Science 2025-03-24 Hyunin Lee , Chanwoo Park , David Abel , Ming Jin

The conventional discourse on existential risks (x-risks) from AI typically focuses on abrupt, dire events caused by advanced AI systems, particularly those that might achieve or surpass human-level intelligence. These events have severe…

Computers and Society · Computer Science 2025-01-20 Atoosa Kasirzadeh

Modern Artificial Intelligence achieves remarkable predictive power by optimizing statistical risk functionals over vast corpora. Yet a gap separates this from genuine intelligence: the inability to distinguish correlation from causation.…

Machine Learning · Statistics 2026-05-26 Ernest Fokoué

Hallucination in generative AI is often treated as a technical failure to produce factually correct output. Yet this framing underrepresents the broader significance of hallucinated content in language models, which may appear fluent,…

Computers and Society · Computer Science 2025-10-27 Zihao Li , Weiwei Yi , Jiahong Chen

AI systems are increasingly governed by natural language principles, yet a key challenge arising from reliance on language remains underexplored: interpretive ambiguity. As in legal systems, ambiguity arises both from how these principles…

Computation and Language · Computer Science 2025-09-03 Luxi He , Nimra Nadeem , Michel Liao , Howard Chen , Danqi Chen , Mariano-Florentino Cuéllar , Peter Henderson

We study the problem of evaluating the excess risk of large-scale empirical risk minimization under the square loss. Leveraging the idea of wild refitting and resampling, we assume only black-box access to the training algorithm and develop…

Machine Learning · Computer Science 2026-04-03 Haichen Hu , David Simchi-Levi

Many high-stakes AI applications target low-prevalence events, where apparent accuracy can conceal limited real-world value. Relevant AI models range from expert-defined rules and traditional machine learning to generative LLMs constrained…

Machine Learning · Computer Science 2025-10-07 G. Niklas Noren , Eva-Lisa Meldau , Johan Ellenius

There are inefficiencies in financial markets, with unexploited patterns in price, volume, and cross-sectional relationships. While many approaches use large-scale transformers, we take a domain-focused path: feed-forward and recurrent…

Portfolio Management · Quantitative Finance 2025-10-15 Sid Ghatak , Arman Khaledian , Navid Parvini , Nariman Khaledian

With the increasing integration of frontier large language models (LLMs) into society and the economy, decisions related to their training, deployment, and use have far-reaching implications. These decisions should not be left solely in the…

Counterfactual explanations have emerged as a prominent method in Explainable Artificial Intelligence (XAI), providing intuitive and actionable insights into Machine Learning model decisions. In contrast to other traditional feature…

Assured AI in unrestricted settings is a critical problem. Our framework addresses AI assurance challenges lying at the intersection of domain adaptation, fairness, and counterfactuals analysis, operating via the discovery and intervention…

Machine Learning · Computer Science 2021-11-19 William Paul , Philippe Burlina

Our intention is to provide a definitive reference on what it would take to safely make use of generative/predictive models in the absence of a solution to the Eliciting Latent Knowledge problem. Furthermore, we believe that large language…

Artificial Intelligence · Computer Science 2023-02-07 Evan Hubinger , Adam Jermyn , Johannes Treutlein , Rubi Hudson , Kate Woolverton

Large language model-based agents are rapidly evolving from simple conversational assistants into autonomous systems capable of performing complex, professional-level tasks in various domains. While these advancements promise significant…

Although "black box" models such as Artificial Neural Networks, Support Vector Machines, and Ensemble Approaches continue to show superior performance in many disciplines, their adoption in the sensitive disciplines (e.g., finance,…

Artificial Intelligence · Computer Science 2019-05-31 Sheikh Rabiul Islam , William Eberle , Sid Bundy , Sheikh Khaled Ghafoor

As intelligence increases, so does its shadow. AI deception, in which systems induce false beliefs to secure self-beneficial outcomes, has evolved from a speculative concern to an empirically demonstrated risk across language models, AI…

Trustworthy capability evaluations are crucial for ensuring the safety of AI systems, and are becoming a key component of AI regulation. However, the developers of an AI system, or the AI system itself, may have incentives for evaluations…

Artificial Intelligence · Computer Science 2025-02-10 Teun van der Weij , Felix Hofstätter , Ollie Jaffe , Samuel F. Brown , Francis Rhys Ward