A locally-built, LLM-digested index of recent arXiv papers in quant finance, geometry/topology, and statistical ML — keyword search served straight from SQLite on this machine.
Paper formalizes anti-discrimination law in automated systems.
Causal discovery algorithms can help generate legal arguments.
Examines AI regulation in finance, highlighting risks and gaps in current laws.
The paper highlights legal misunderstandings in ML fairness definitions.
Hybrid approach combines topic and graph embeddings for legal document clustering.
The increasing use of machine learning in practice and legal regulations like EU's GDPR cause the necessity to be able to explain the prediction and behavior of machine learning models. A prominent example of particularly intuitive explanations of AI models in the context of decision making are counterfactual explanati…
In the legal domain it is important to differentiate between words in general, and afterwards to link the occurrences of the same entities. The topic to solve these challenges is called Named-Entity Linking (NEL). Current supervised neural networks designed for NEL use publicly available datasets for training and testi…
This paper predicts legal proceedings status using NLP and machine learning.
With the advent of GDPR, the domain of explainable AI and model interpretability has gained added impetus. Methods to extract and communicate visibility into decision-making models have become legal requirement. Two specific types of explanations, contrastive and counterfactual have been identified as suitable for huma…
The digitalization of the legal domain has been ongoing for a couple of years. In that process, the application of different machine learning (ML) techniques is crucial. Tasks such as the classification of legal documents or contract clauses as well as the translation of those are highly relevant. On the other side, di…
Study identifies and measures biases in legal case data.
Formulates LGFO to measure fair ML systems using legal signals.
Proposes a method to enforce fairness in machine learning models without sensitive data.
Insiders camouflage trading to balance wealth and stealth, avoiding legal penalties.
Machine learning (ML) can automate decision-making by learning to predict decisions from historical data. However, these predictors may inherit discriminatory policies from past decisions and reproduce unfair decisions. In this paper, we propose two algorithms that adjust fitted ML predictors to make them fair. We focu…
Paper presents LLM-enhanced contract metadata extraction.
Successful attempts to predict judges' votes shed light into how legal decisions are made and, ultimately, into the behavior and evolution of the judiciary. Here, we investigate to what extent it is possible to make predictions of a justice's vote based on the other justices' votes in the same case. For our predictions…
Case Law has a significant impact on the proceedings of legal cases. Therefore, the information that can be obtained from previous court cases is valuable to lawyers and other legal officials when performing their duties. This paper describes a methodology of applying discourse relations between sentences when processi…
Smart Close-out Netting aims to automate close-out netting processes.
Insider trading is reduced when penalized, affecting expected penalties in a non-monotone way.
The paper proposes a method to evaluate superhuman models by checking for logical inconsistencies.
Paper proposes GSSNMF for legal document classification and topic modeling.
Effective complements to human judgment, artificial intelligence techniques have started to aid human decisions in complicated social problems across the world. In the context of United States for instance, automated ML/DL classification models offer complements to human decisions in determining Medicaid eligibility. H…
Machine learning has shown much promise in helping improve the quality of medical, legal, and financial decision-making. In these applications, machine learning models must satisfy two important criteria: (i) they must be causal, since the goal is typically to predict individual treatment effects, and (ii) they must be…
DeBayes uses Bayesian methods to create fair network embeddings.
Computable contracts simplify financial transactions and reduce legal costs.
Paper protects privacy and fairness in deep learning models.
Federated learning improves bioinformatics by sharing data legally.
This paper identifies and analyzes biases in risk-adjusted index weighting methods, affecting social welfare and market fairness.
What does it mean for an algorithm to be biased? In U.S. law, unintentional bias is encoded via disparate impact, which occurs when a selection process has widely different outcomes for different groups, even as it appears to be neutral. This legal determination hinges on a definition of a protected class (ethnicity, g…
Paper tackles AI risks by customizing metrics and models.
ClauseLens uses reinforcement learning to price reinsurance treaties transparently and auditably.
New approach to counterfactual reasoning avoids demographic interventions.
GPT learns a causal world model from token predictions, validated in game sequences.
New research shows fairness in machine learning can sometimes make disadvantaged groups worse off.
Predictive models are being increasingly used to support consequential decision making at the individual level in contexts such as pretrial bail and loan approval. As a result, there is increasing social and legal pressure to provide explanations that help the affected individuals not only to understand why a predictio…
tDB removes unfairness from black-box models using probability theory.
Machine Learning community is recently exploring the implications of bias and fairness with respect to the AI applications. The definition of fairness for such applications varies based on their domain of application. The policies governing the use of such machine learning system in a given context are defined by the c…
Deep learning methods are often difficult to apply in the legal domain due to the large amount of labeled data required by deep learning methods. A recent new trend in the deep learning community is the application of multi-task models that enable single deep neural networks to perform more than one task at the same ti…
Offline RL algorithms protect privacy while learning from sensitive data.
LexNLP is an open source Python package focused on natural language processing and machine learning for legal and regulatory text. The package includes functionality to (i) segment documents, (ii) identify key text such as titles and section headings, (iii) extract over eighteen types of structured information like dis…
Discrimination via algorithmic decision making has received considerable attention. Prior work largely focuses on defining conditions for fairness, but does not define satisfactory measures of algorithmic unfairness. In this paper, we focus on the following question: Given two unfair algorithms, how should we determine…
Browsing and finding relevant information for Bangladeshi laws is a challenge faced by all law students and researchers in Bangladesh, and by citizens who want to learn about any legal procedure. Some law archives in Bangladesh are digitized, but lack proper tools to organize the data meaningfully. We present a text vi…
Decentralized finance uses blockchain for $70B in assets, differing from traditional finance.
This paper develops a structural credit risk model to characterize the difference between the economic and recorded default times for a firm. Recorded default occurs when default is recorded in the legal system. The economic default time is the last time when the firm is able to pay off its debt prior to the legal defa…
Survey examines public views on facial recognition technology.
Synthetic data mimics real-world demographics for fairness testing.
New framework for contesting algorithmic decisions, not just explaining them.