Chapter
Defining Fairness in Finance
12:15 - 25:20 (13:05)
The speaker discusses his technical definition of fairness in finance and how it relates to variances in market positions and the denial of loans, as well as ongoing human subject experiments exploring fairness in this space.
Clips
The speaker highlights the potential ethical issues associated with trades that hold little risk and the need for a more detailed analysis of the ethics and accuracy of trading strategies.
12:15 - 20:25 (08:10)
Summary
The speaker highlights the potential ethical issues associated with trades that hold little risk and the need for a more detailed analysis of the ethics and accuracy of trading strategies. He then discusses ethical trade-offs when considering falsely denying a loan to an individual vs. incorrectly approving a loan.
ChapterDefining Fairness in Finance
EpisodeMichael Kearns: Algorithmic Fairness, Bias, Privacy, and Ethics in Machine Learning
PodcastLex Fridman Podcast
This podcast explores the notion of fairness in AI and machine learning and how computer scientists enter areas of research that have been previously established.
20:25 - 25:20 (04:54)
Summary
This podcast explores the notion of fairness in AI and machine learning and how computer scientists enter areas of research that have been previously established. The podcast also takes a look at how groups are experimenting with human subjects to document and define fairness.