The paper explores AI in finance, focusing on XAI's role in enhancing interpretability and trust.
problem The need for AI in finance and the importance of XAI for better decision-making.
method Tracing AI's evolution in finance, highlighting XAI's role, and demonstrating through simulations.
result XAI enhances trust in AI systems, leading to more responsible decision-making.
The paper analyzes risk spillovers between AI ETFs, AI tokens, and green markets.
problem Risk spillovers among AI ETFs, AI tokens, and green markets.
method R2 decomposition method
result AI ETFs and clean energy act as risk transmitters, while AI tokens and green assets act as receivers.
AI methods often fail to outperform classical CPU-based solvers on Maximum Independent Set problems.
problem Comparing AI methods with classical CPU-based solvers on Maximum Independent Set problems.
method Comparison of AI methods (e.g., generative models, reinforcement learning) with classical CPU-based solvers (e.g., KaMIS) on Maximum Independent Set problem.
result AI-inspired methods are often outperformed by classical CPU-based solvers, even with post-processing techniques.
This paper reviews methods to improve AI explainability in finance.
problem Lack of explainability in AI models, especially in finance.
method Categorizes methods to improve explainability of deep learning models.
result Provides a comparative survey of methods to enhance AI explainability.
AI systems that explain their decisions can be monitored for harmful intentions.
problem Monitoring AI systems' decision-making processes for harmful intentions is imperfect and can miss some misbehavior.
method Monitoring the chain of thought (CoT) of AI systems that communicate in human language.
result CoT monitoring is a promising but fragile approach to AI safety.
Generative Augmented Inference improves AI-generated data for causal inference.
problem Challenges in using AI-generated annotations for reliable causal inference.
method Generative Augmented Inference (GAI) treats AI outputs as informative features for learning true labels, flexibly modeling the relationship using nonparametric methods.
result GAI significantly reduces estimation error and improves confidence interval quality compared to human-only and PPI-based methods.
Develops methods for AI self-assessment to improve trustworthiness.
problem Uncertainty in AI predictions and lack of trust in AI systems.
method Uncertainty estimation techniques considering practical impacts and costs.
result Guidelines for selecting and designing effective AI self-assessment methods.
The paper integrates AI and expert knowledge to optimize radiotherapy decisions.
problem Optimizing radiation dose planning considering patient-specific information.
method Integrating Gaussian process models with deep neural networks to quantify uncertainty.
result Improves AI model performance and guides clinical decision making.
Active learning method improves AI performance by balancing exploration and exploitation.
problem Efficiently acquiring samples for supervised learning in streaming data.
method Ensemble active learning by contextual bandits.
result Improved AI modeling performance through better sample acquisition.
A method compares AI corrections to a base model for explaining predictions.
problem Creating explanations for AI predictions.
method Introduces a surrogate model to correct a simpler base model and provides criteria for accuracy and fidelity.
result Induces neighborhoods of instances with ideal accuracy and fidelity.
AI-generated variables bias regression estimates; methods correct for invalid inference.
problem Bias in regression estimates due to AI-generated variables.
method Two methods: bias correction and joint estimation.
result Valid inference restored through proposed methods.
AI helps HEP measure uncertainties, but needs better interpretation.
problem Uncertainty interpretation in AI for HEP measurements.
method Discussing existing AI methods for inference, simulation, and control/decision-making.
result Need for trustworthy AI UQ methods for widespread usage.
The DoD needs a robust process to evaluate AI/ML model performance and robustness.
problem AI/ML models are brittle and nonrobust, posing risks in national security.
method Reviews AI/ML development process and best practices for evaluation.
result Recommendations for DoD evaluators to ensure robust AI/ML capabilities.
Generative AI boosts analyst reports but increases forecast errors.
problem Improving financial analyst reports with AI.
method Natural experiment using FactSet's AI platform.
result AI-assisted reports are more comprehensive but lead to higher forecast errors.
AI attacks threaten insurance systems, requiring new defenses.
problem Adversarial attacks on AI in insurance.
method Categorize and discuss various types of attacks and defense methods.
result Need for improved AI systems to resist attacks.
AI systems are being deployed to support human decision making in high-stakes domains. In many cases, the human and AI form a team, in which the human makes decisions after reviewing the AI's inferences. A successful partnership requires that the human develops insights into the performance of the AI system, including …
Method curates cost-effective, high-quality datasets using AI models.
problem Costly manual labeling of datasets.
method Probably Approximately Correct Labels (PACL) method.
result Curates high-quality datasets with low overall labeling error.
Paper bridges AI/ML and causal modeling to reduce bias.
problem Difficulty in combining methods from different assumptions.
method Integrates system dynamics and structural equation modeling.
result Unified mathematical framework for AI/ML and causal modeling.
Survey reviews explainability in AI for healthcare, emphasizing trust and transparency.
problem Lack of transparency hinders AI adoption in healthcare.
method Comprehensive literature review to guide explainable AI design.
result Quantitative evaluation metrics are needed for some explainability properties.
Exploring a new method to explain AI models in medical devices.
problem Lack of explainability in AI models used in medical devices.
method Using the Jacobian matrix to measure model response stability to small perturbations.
result A first step towards a perturbation-based explanation of AI models.
QuantBench benchmarks AI methods for quantitative investment.
problem Lack of a standardized benchmark for AI in quantitative investment.
method Developed an industrial-grade benchmark platform with standardization, flexibility, and full-pipeline coverage.
result Revealed critical research directions in AI for quantitative investment.
Book introduces ML and AI for causal inference.
problem Uncertainty in causal relationships.
method Structural equation models, DAGs, SCMs, and Double/Debiased Machine Learning.
result Improved inference in causal models using predictive tools.
ALPODS AI diagnoses high-dimensional biomedical data with human-understandable explanations.
problem AI decisions in high-dimensional biomedical data are not explainable to humans.
method ALPODS method classifies data based on clusters and generates fuzzy reasoning rules.
result ALPODS provides understandable explanations for AI diagnoses.
Paper defines XAI concepts using category theory.
problem Lack of precise mathematical definitions for XAI.
method Uses Category theory to define XAI concepts rigorously.
result Establishes a theoretical foundation for XAI.
This work advances collaborative decision making by combining human and AI strengths in uncertainty quantification.
problem Current AI lacks robust decision-making capabilities under uncertainty, especially in high-stakes contexts.
method Introduces Human AI Collaborative Uncertainty Quantification (HACUQ) framework, formalizing AI-human collaboration and developing calibration algorithms.
result Optimal collaborative prediction sets follow a two-threshold structure, and online adaptation algorithms can adapt to evolving human behavior.
New method reduces copyright risks in AI-generated images.
problem Copyright issues in AI-generated images.
method Genericization method using originality estimation and PREGen technique.
result PREGen reduces likelihood of generating copyrighted characters by over half.
Enhances explainability of AI models without sacrificing accuracy.
problem Lack of interpretability in black-box models like Deep Neural Networks and Gradient Boosting.
method Co-supervised Local Model Synthesis (SynthTree) using Mixture of Linear Models (MLM).
result Statistical models significantly enhance explainability of AI models.
Paper investigates monotonicity issues in AI preference learning.
problem AI models may violate monotonicity when learning preferences.
method Investigates root causes of non-monotonicity in comparison-based preference learning.
result Proves local pairwise monotonicity under mild assumptions.
We consider the problem of efficient "on the fly" tuning of existing, or {\it legacy}, Artificial Intelligence (AI) systems. The legacy AI systems are allowed to be of arbitrary class, albeit the data they are using for computing interim or final decision responses should posses an underlying structure of a high-dimens…
AlphaZero reveals new chess concepts learnable by top experts.
problem Extracting and understanding hidden knowledge from AI systems.
method Proposed method to extract new chess concepts from AlphaZero.
result Top chess grandmasters show improvements in learning new concepts.
AI stocks hedge against AI singularity's economic impact.
problem AI singularity's displacement of consumption.
method Developed an asset pricing model with incomplete markets.
result AI stocks command a premium due to market incompleteness.
New method handles missing data using AI for efficient inference.
problem Parameter estimation and inference with blockwise missing data.
method Tractable solution using AI models and semiparametric theory.
result IBM(RAY) and IBM(Adaptive) estimators achieve efficiency gains.
AIS uses a suboptimal extended target distribution, which this paper improves using SGM.
problem Improving the efficiency of Annealed Importance Sampling for marginal likelihood estimation.
method Leveraging score-based generative modeling to approximate the optimal extended target distribution.
result Demonstrated novel, differentiable AIS procedures on synthetic and real-world data.
Study analyzes AI's impact on firms, markets, and workers using large language model data.
problem Understanding AI's effect on firms, markets, and workers.
method Used 380 trillion tokens from 400+ large language models to analyze AI's impact.
result Firms with higher AI exposure earn higher returns, creating an AI premium.
This paper formalizes AI safety using hypothesis testing in GenAI.
problem Ensuring safety of generative AI tools that create realistic content.
method Formalization of computational safety through hypothesis testing and signal processing.
result Demonstrates how AI safety can be assessed quantitatively using mathematical frameworks.
New AI stock indices classify firms' AI engagement using 10-K filings.
problem Opaque AI selection criteria in existing ETFs.
method NLP analysis of 10-K filings to classify AI stocks.
result Companies with higher AI engagement have greater positive returns.
AI detects 38% NFT trades likely manipulated, improving on indirect methods.
problem Detecting crypto wash trading using indirect methods and leaked data.
method Public NFT data analysis, direct estimation, AI-based estimator.
result AI reduces estimation errors in NFT markets, improving on indirect methods.
AI-driven Bayesian inference improves decision-making uncertainty.
problem Lack of certainty in AI predictions.
method Non-parametric Bayesian framework with Dirichlet process prior and AI-driven baseline.
result AI predictions can be integrated into Bayesian analysis for predictive inference and uncertainty quantification.
Representing maritime traffic patterns and detecting anomalies from them are key to vessel monitoring and maritime situational awareness. We propose a novel approach -- referred to as GeoTrackNet -- for maritime anomaly detection from AIS data streams. Our model exploits state-of-the-art neural network schemes to learn…
Extends post-prediction inference method for more accurate AI/ML data analysis.
problem Naively using AI/ML predictions as true observations leads to biased results.
method Extends Wang et al. method to relax assumptions and incorporate a scaling factor.
result Yields unbiased point estimates and proper coverage in simulations.
A new method for interpreting AI models using Shapley value for functional data.
problem Interpreting AI models, especially those based on functional data.
method Proposes an interpretability method based on the Shapley value for continuous games.
result Demonstrates the effectiveness of the method through experiments with simulated and real data.
Optimizes AIS hyperparameters for efficient marginal likelihood estimation.
problem Limited computation budget affects AIS performance.
method Flexible intermediary distributions defined by residual density, parameter sharing, and fix linear schedule.
result Optimized-Path AIS reduces sampling iterations and improves performance.
AutoML-GPT uses GPT to automate AI model training.
problem Manual model selection and tuning requires significant human effort.
method Develops task-oriented prompts and utilizes LLMs for automated training.
result Achieves remarkable results in various AI tasks.
Human-AI teaming suffers from calibration issues.
problem Human-AI teaming
method Assume calibrated models and humans
result Existing methods for combination do not preserve human's calibration.
AI enhances personalized drug development and decision-making in pharma.
problem Traditional drug development lacks personalized treatment plans.
method Application of AI in drug discovery, clinical trials, and post-marketing assessment.
result AI improves personalized medicine, optimizing health outcomes.
This review covers AI in finance, challenges, techniques, and opportunities.
problem Challenges and opportunities in AI applications in finance.
method Comprehensive categorization and overview of AI research in finance over decades.
result A dense roadmap of AI challenges, techniques, and opportunities in finance.
Explainable AI improves human decision accuracy but does not enhance it significantly.
problem Improving human decision-making through explainable AI.
method Comparing human decision accuracy with and without AI predictions, including or excluding explanations.
result Providing AI predictions improves human decision accuracy, but explanations do not significantly enhance it.
Optimizes AI learning with limited human feedback budgets.
problem Optimizing allocation of a fixed annotation budget for AI learning.
method Preference-Calibrated Active Learning (PCAL) using semi-parametric inference.
result Proves asymptotic optimality and robustness of the PCAL estimator.