Examples of algorithms Algorithms are fundamental tools for problem-solving in both the digital world and many real-life scenarios. Each time we try to solve a problem by breaking it down into smaller, manageable steps, we are in fact using algorithmic thinking. ...
genders, backgrounds and cultures that could be adversely affected.Data scientistsdeveloping the algorithms should shape data samples so it minimizes algorithmic and other types of ML bias, and
consumer ethics, hard- and soft-law regulation, and basic values, including privacy and consumer rights. From the literature synthesis, we also derive the following definition of algorithmic dehumanization: the act of using algorithms and data in a way that results in the intentional or unintentiona...
While there has been significant work on analysing and mitigating algorithmic bias, the broader mechanisms of how bias emerges in AI applications are not well understood, hampering efforts to address bias where it begins. In this article, we illustrate how bias in AI-assisted decision-making can...
Organizations can prevent bias using both automated and human action. However, they might not be able to remove it all. In addition, not all bias is inherently damaging. For example, algorithmic bias can include the process an algorithm uses to determine how to sort and organize data. It's...
In the financial sector, machine learning is often used for portfolio management, algorithmic trading, loan underwriting, and fraud detection, among other things. "The Future of Underwriting," a report by Ernst & Young, says that ML makes it possible to evaluate data continuously in order to ...
Of course, this chart is intended to make a humorous point. However, on a more serious note, machine learning applications are vulnerable to both human and algorithmic bias and error. And due to their propensity to learn and adapt, errors and spurious correlations can quickly propagate and ...
Define reference points. reference points synonyms, reference points pronunciation, reference points translation, English dictionary definition of reference points. A prominent, easily located point in the terrain. Dictionary of Military and Associated T
Given the inherent upward bias built into most stock markets, any abnormal occurrence usually leads to aflight-to-safetyresponse from investors. This facet of investor psychology is arguably the single most relevant factor that leads to steep market declines or crashes. The Hindenburg omen looks for...
A carry trade is a strategy that involves borrowing at a low interest rate and reinvesting in a currency or financial product with a higher rate of return. But much more is involved, including a bias in the market toward higher interest rate currencies that can't be explained by traditional...