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48 results for legal frameworks

Smart Close-out Netting aims to automate close-out netting processes.

problem Inefficiencies in close-out netting processes for financial institutions.
method Standardisation and automation of legal and regulatory processes using a data-driven framework and controlled natural language.
result Standardisation and automation can improve close-out netting processes for prudentially regulated financial institutions.

Hybrid approach combines topic and graph embeddings for legal document clustering.

problem Challenges in classifying legal texts due to domain-specific language and limited labeled data.
method Combines unsupervised topic and graph embeddings with a supervised model.
result Improves clustering quality over text-only or graph-only embeddings.

Past literature has been effective in demonstrating ideological gaps in machine learning (ML) fairness definitions when considering their use in complex socio-technical systems. However, we go further to demonstrate that these definitions often misunderstand the legal concepts from which they purport to be inspired, an…

2019-11-25abs ↗pdf ↗

Examines AI regulation in finance, highlighting risks and gaps in current laws.

problem Rapid AI adoption in finance introduces risks and compliance challenges.
method Reviews current legislation, industry guidelines, and real-world use cases.
result Need for adaptive, technology-neutral policies to balance innovation and consumer protection.

Causal discovery algorithms can help generate legal arguments.

problem Leveraging causal discovery algorithms in legal decision-making.
method Prepared a legal dataset, annotated with 17 legal concepts, applied causal discovery algorithms, and quantified degrees of belief.
result Some causal relationships help generate viable legal arguments.

This paper predicts legal proceedings status using NLP and machine learning.

problem Classify Brazilian legal proceedings into archived, active, and suspended categories.
method Combined NLP techniques with machine learning to classify legal proceedings sequences.
result Achieved maximum accuracy of 93% and top average F1 Scores of 89% (macro) and 93% (weighted).

ClauseLens uses reinforcement learning to price reinsurance treaties transparently and auditably.

problem Opaque and difficult-to-audit reinsurance treaty pricing practices.
method ClauseLens models treaty pricing as a Risk-Aware Constrained Markov Decision Process (RA-CMDP), incorporating legal clauses and generating interpretable explanations.
result ClauseLens reduces solvency violations and improves tail-risk performance, achieving 88.2% accuracy in clause-grounded explanations.

Insider trading is reduced when penalized, affecting expected penalties in a non-monotone way.

problem Reducing insider trading behavior when insiders face legal penalties.
method Characterized via a backward stochastic differential equation (BSDE) with a non-linear operator.
result The insider's expected penalties are non-monotone in the fee structure and determined by relative entropy.

New framework for contesting algorithmic decisions, not just explaining them.

problem Helping individuals review and correct erroneous algorithmic decisions.
method Operationalized contestability as a natural complement to explainable AI (XAI), identifying three types of evidence for reversal.
result Existing EU legislation already grants individuals legal rights to contest algorithmic decisions.

New AI framework without networks outperforms traditional models.

problem The role of artificial neural networks (ANNs) in AI is unclear and raises ethical and legal concerns.
method Developed a parameter-free, statistically consistent data interpolation method for AI.
result Framework outperforms traditional mathematical models and ANN-based models in various applications.

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…

2014-12-11abs ↗pdf ↗

Research creates a taxonomy to bridge AI security and regulatory gaps.

problem Disciplinary disconnect between technical and legal teams in AI risk assessment.
method Developed an AI System Threat Vector Taxonomy with 9 domains and 53 sub-threats.
result Empirically validated and aligned with ISO/IEC 42001 controls and NIST AI RMF functions.

This research improves debt collection strategies using advanced machine learning.

problem Accurate estimation of propensity to pay and cashflow for optimal debt collection.
method Developed a machine learning framework with pre-processing and model selection.
result The proposed model outperforms current industry strategies.

GPT learns a causal world model from token predictions, validated in game sequences.

problem Does GPT implicitly learn a causal world model from token predictions?
method Derived a causal interpretation of GPT's attention mechanism and proposed zero-shot causal structure learning.
result GPT can generate legal next moves with high confidence for sequences with encoded causal structures, but fails for illegal moves.

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…

2018-09-12abs ↗pdf ↗

Maximal correlation framework improves fairness in machine learning algorithms.

problem Ensuring fairness in machine learning algorithms.
method Introducing maximal correlation framework for fairness constraints and deriving regularizers.
result The approach provides smooth performance-fairness tradeoff curves and competitive performance.

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…

2018-10-15abs ↗pdf ↗

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…

2019-01-24abs ↗pdf ↗

This paper develops efficient federated learning and unlearning methods in Bayesian models.

problem Managing epistemic uncertainty and legal right to be forgotten in decentralized networks.
method Develops federated variational inference solutions based on decentralized local free energy minimization.
result Demonstrates efficient unlearning mechanisms in federated learning and unlearning.

Machine learning relies on the availability of a vast amount of data for training. However, in reality, most data are scattered across different organizations and cannot be easily integrated under many legal and practical constraints. In this paper, we introduce a new technique and framework, known as federated transfe…

2018-12-08abs ↗pdf ↗

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…

2012-10-17abs ↗pdf ↗

Machine learning can impact people with legal or ethical consequences when it is used to automate decisions in areas such as insurance, lending, hiring, and predictive policing. In many of these scenarios, previous decisions have been made that are unfairly biased against certain subpopulations, for example those of a …

2017-03-20abs ↗pdf ↗

Develops a new tensor PCA method for analyzing multiple network data.

problem Analyzing multiple large networks for dimensionality reduction.
method Semi-Symmetric Tensor PCA (SS-TPCA) for principal components analysis.
result SS-TPCA achieves the same estimation accuracy as classical matrix PCA, with error proportional to the square root of the number of vertices.

Proposes a method to enforce fairness in machine learning models without sensitive data.

problem Bias in machine learning models from historical data.
method Infers sensitive attributes from auxiliary features and integrates fairness constraints into model training.
result Mitigates bias while preserving predictive accuracy.

In the framework of applying econophysics ideas in religious topics, the finances of the Antoinist religious movement organized in Belgium between 1920 and 2000 are studied. The interest of investigating financial aspects of such a, sometimes called, sect stems in finding characteristics of conditions and mechanisms un…

2012-01-23abs ↗pdf ↗

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…

2017-11-14abs ↗pdf ↗

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…

2010-12-03abs ↗pdf ↗