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Artificial Intelligence, Data, Ethics. An Holistic Approach for Risks and Regulation

Author

Listed:
  • Alexis Bogroff

    (University Paris 1 Panthéon-Sorbonne)

  • Dominique Guégan

    (University Paris 1 Panthéon-Sorbonne; labEx ReFi France; Ca' Foscari University of Venice)

Abstract

An extensive list of risks relative to big data frameworks and their use through models of artificial intelligence is provided along with measurements and implementable solutions. Bias, interpretability and ethics are studied in depth, with several interpretations from the point of view of developers, companies and regulators. Reflexions suggest that fragmented frameworks increase the risks of models misspecification, opacity and bias in the result. Domain experts and statisticians need to be involved in the whole process as the business objective must drive each decision from the data extraction step to the final activatable prediction. We propose an holistic and original approach to take into account the risks encountered all along the implementation of systems using artificial intelligence from the choice of the data and the selection of the algorithm, to the decision making.

Suggested Citation

  • Alexis Bogroff & Dominique Guégan, 2019. "Artificial Intelligence, Data, Ethics. An Holistic Approach for Risks and Regulation," Working Papers 2019: 19, Department of Economics, University of Venice "Ca' Foscari".
    • Handle: RePEc:ven:wpaper:2019:19
    as

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    Citations

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    Cited by:

    1. Jean-David Fermanian & Dominique Guegan, 2021. "Fair learning with bagging," Post-Print halshs-03500906, HAL.
    2. Dominique Guegan, 2020. "A Note on the Interpretability of Machine Learning Algorithms," Post-Print halshs-02900929, HAL.
    3. Dominique Guégan, 2020. "A Note on the Interpretability of Machine Learning Algorithms," Working Papers 2020:20, Department of Economics, University of Venice "Ca' Foscari".
    4. Jean-David Fermanian & Dominique Guégan, 2021. "Fair learning with bagging," Documents de travail du Centre d'Economie de la Sorbonne 21034, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    5. Dominique Guegan, 2020. "A Note on the Interpretability of Machine Learning Algorithms," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02900929, HAL.
    6. Dominique Guégan, 2020. "A Note on the Interpretability of Machine Learning Algorithms," Documents de travail du Centre d'Economie de la Sorbonne 20012, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    7. Jean-David Fermanian & Dominique Guegan, 2021. "Fair learning with bagging," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03500906, HAL.

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    More about this item

    Keywords

    Artificial Intelligence; Bias; Big Data; Ethics; Governance; Interpretability; Regulation; Risk;
    All these keywords.

    JEL classification:

    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • K2 - Law and Economics - - Regulation and Business Law

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