The aim of this research is to give a simple framework to evaluate/quantize the "transparency" of a firm. We assume that the process of the firm value is only observable once in a while but is strongly correlated with the stock price which is observable and tradable. This hybrid type structure make the transparency "ob…
AI agents improve forecast combination but require transparency.
problem AI coding agents increase flexibility in empirical economics, leading to hidden degrees of freedom.
method Adapted open-source agent-loop architecture to empirical economics workflow, adding post-search holdout evaluation.
result Multiple agent runs outperform standard benchmarks in rolling evaluation but not all on post-search holdout.
Bringing transparency to black-box decision making systems (DMS) has been a topic of increasing research interest in recent years. Traditional active and passive approaches to make these systems transparent are often limited by scalability and/or feasibility issues. In this paper, we propose a new notion of black-box D…
FinML-Chain integrates blockchain data for financial machine learning.
problem Challenges in financial machine learning, including missing data, lack of transparency, and incompatible data sources.
method Blockchain technology integrated with machine learning techniques to address financial market challenges.
result Framework generates datasets for analyzing economic mechanisms, advancing financial research.
New models improve machine learning accuracy and transparency in finance.
problem Black-box machine learning models lack interpretability in regulated industries.
method Introducing generalized groves of neural additive models with clear feature categories and interactions.
result Generalized groves of neural additive models achieve high accuracy with predominantly linear and sparse nonlinear components.
The paper shows how uncertainty quantification improves counterfactual explainability in AI.
problem Lack of foundational concepts in transparency research.
method Integrates uncertainty quantification into counterfactual explainability.
result Demonstrates competitive performance of an uncertainty-based explainer.
Transparency, user trust, and human comprehension are popular ethical motivations for interpretable machine learning. In support of these goals, researchers evaluate model explanation performance using humans and real world applications. This alone presents a challenge in many areas of artificial intelligence. In this …
This review explores XAI in finance, highlighting common techniques and areas needing improvement.
problem Balancing accuracy and transparency in financial AI models.
method Bibliometric and content analysis of XAI applications in finance.
result Post-hoc interpretability techniques are most used in financial XAI.
Machine learning (ML), artificial intelligence (AI) and other modern statistical methods are providing new opportunities to operationalize previously untapped and rapidly growing sources of data for patient benefit. Whilst there is a lot of promising research currently being undertaken, the literature as a whole lacks:…
Torch-Points3D simplifies 3D deep learning research and reproducibility.
problem Lack of transparency and reproducibility in 3D deep learning research.
method Modular framework with quality-of-life features, standardized protocols, and open-source implementation.
result Facilitates fair and rigorous evaluation of 3D deep learning methods.
This research develops heuristics to detect CoinJoin transactions on Bitcoin blockchain.
problem Compromised privacy in Bitcoin transactions due to CoinJoin.
method Analyzed open-source CoinJoin implementations to develop heuristics.
result Refined heuristics for identifying CoinJoin transactions on the blockchain.
survex explains machine learning survival models, improving model transparency.
problem Lack of tools to explain machine learning survival models.
method Introduces survex R package using explainable AI techniques.
result Improves model reliability and detects biases in survival models.
AIMM-X monitors markets for suspicious behavior using transparent scoring.
problem Detecting market manipulation from benign mechanisms.
method Combines microstructure signals and public attention signals for anomaly detection.
result Transparent scoring allows tracing and understanding flagged windows.
Coding collaborations link crypto returns, revealing systemic transparency.
problem Cryptocurrencies' market behavior overlooked due to isolated code approach.
method Analyzed 4% of developers contributing to multiple cryptocurrencies.
result First coding event linking two cryptocurrencies synchronizes their returns.
We analyze expenditure patterns of discretionary funds by Brazilian congress members. This analysis is based on a large dataset containing over 7 million expenses made publicly available by the Brazilian government. This dataset has, up to now, remained widely untouched by machine learning methods. Our main contribut…
New pipeline for causal research in psychology and social sciences.
problem Underuse of causal approaches in psychology and social science.
method Formal specification of theories, reduction of complexity, estimation of causal effects.
result Facilitates scientific inquiry compatible with testing causal theories.
As artificial intelligence plays an increasingly important role in our society, there are ethical and moral obligations for both businesses and researchers to ensure that their machine learning models are designed, deployed, and maintained responsibly. These models need to be rigorously audited for fairness, robustness…
CausalBench aims to advance causal learning research with a transparent platform.
problem Lack of unified benchmark datasets, algorithms, metrics, and evaluation interfaces for causal learning.
method Introduces CausalBench, a flexible benchmark framework for causal analysis and machine learning.
result Promotes scientific collaboration, reproducibility, and awareness in causal learning research.
Interpretable neural networks improve economic research by balancing accuracy and transparency.
problem Lack of interpretability in neural networks hinders their use in economic research.
method Proposes interpretable neural network models that balance prediction accuracy and interpretability.
result Achieved 94.5% accuracy in predicting employment status using high-dimensional data.
Fine-tuned open-source LLMs match or exceed closed-source models in social science research.
problem Limited scalability and high costs of large LLMs in social science research.
method Fine-tuning open-source models for specific tasks, exploring training set size effects, proposing hybrid workflow.
result Small, fine-tuned open-source LLMs achieve equal or superior performance to commercial alternatives.
Integrating causal machine learning with inherently interpretable models for decision support.
problem Providing causal insights and decision support through machine learning models.
method Proposing an approach that integrates causal machine learning with inherently interpretable models.
result The proposed approach achieves competitive performance in prediction and what-if analysis while offering transparency on the system structure, causal relationships among variables, and functional forms connecting them.
The paper connects neural networks to Mahalanobis distance for interpretability.
problem Lack of interpretability in neural networks.
method Establishes a connection between neural network linear layers and Mahalanobis distance.
result Provides a foundation for more interpretable neural network models.
Paper proposes hybrid approach for transparent credit scoring models.
problem Lack of transparency in machine learning models limits their use in regulated environments.
method Post-hoc interpretation of black-box models guides feature selection, followed by training glass-box models.
result Reduces feature usage from 106 to 10 while maintaining comparable performance.
NUBO simplifies Bayesian optimization for researchers.
problem Optimizing expensive functions like experiments and simulations.
method Bayesian optimization using Gaussian processes and acquisition functions.
result Transparency and user-friendly design for easy access.
New framework makes ML methods compliant with regulations.
problem Ensuring ML methods meet regulatory standards.
method InfoGram and Admissible Machine Learning framework.
result Redesigns ML methods for regulatory compliance.
Research benchmarks LLMs in medical domain to reduce hallucinations.
problem Hallucinations in medical LLMs can lead to incorrect information.
method Developed Med-HALT dataset and testing methods.
result Significant performance differences among LLMs identified.
Mixed-integer optimization improves fairness and transparency in machine learning models.
problem Ensuring fairness and transparency in machine learning models deployed in sensitive areas.
method Embedding responsible ML considerations directly into the learning process using mixed-integer optimization.
result MIO enables the learning of inherently transparent models that can incorporate fairness or other constraints.
SCENE-Net improves 3D point cloud segmentation with low resource usage and transparency.
problem Lack of resources and transparency in 3D semantic segmentation models.
method SCENE-Net uses signature shapes identified via GENEOs to achieve semantic segmentation with minimal resources.
result SCENE-Net achieves comparable IoU to state-of-the-art methods with less data and computational resources.
Study uses LLMs to categorize financial tweets, revealing useful sentiment signals.
problem Discovering meaningful sentiment signals from unstructured financial social media data.
method Leveraged LLMs to automatically label financial tweets with event categories and aligned with returns.
result Certain event labels consistently yield negative alpha, with statistically significant Sharpe ratios and information coefficients.
The appeal of metric evaluation of research impact has attracted considerable interest in recent times. Although the public at large and administrative bodies are much interested in the idea, scientists and other researchers are much more cautious, insisting that metrics are but an auxiliary instrument to the qualitati…
Researchers review challenges in interpreting additive models, especially neural additive models.
problem Challenges in interpreting additive models, particularly neural additive models.
method Review of generalized additive models and discussion of nonidentifiability.
result Challenges in claiming interpretability or suitability for safety-critical applications of additive models.
Defines explainability as reasoning under background knowledge.
problem Lack of agreed definitions in explainable AI.
method Reviews philosophical and social foundations, translates to tech realm.
result Defines explainability as logical reasoning under background knowledge.
The reproducibility of scientific research has become a point of critical concern. We argue that openness and transparency are critical for reproducibility, and we outline an ecosystem for open and transparent science that has emerged within the human neuroimaging community. We discuss the range of open data sharing re…
When machine learning systems fail because of adversarial manipulation, how should society expect the law to respond? Through scenarios grounded in adversarial ML literature, we explore how some aspects of computer crime, copyright, and tort law interface with perturbation, poisoning, model stealing and model inversion…
Interpretable AI model boosts investment confidence and profitability.
problem Challenges in financial forecasting and interpretability in decision-making models.
method SHAP-based explainability technique for interpretable AI models.
result Notable enhancement in investor's portfolio value.
AI agents improve forecast combination in empirical economics.
problem Hidden researcher degrees of freedom in AI-generated code.
method Adapted agent-loop architecture to empirical economics, added holdout evaluation.
result Independent agent searches find better forecast methods than benchmarks.
Corporate transparency reduces investors' disposition effect by increasing confidence in holding profitable and losing stocks.
problem Irrational disposition effect in investors selling profitable assets too soon and holding onto losing assets for too long.
method Examined the impact of corporate transparency on individual investors' disposition effect.
result Increased corporate transparency significantly reduces the disposition effect.
This study examines the execution phase of corporate share buy-backs, highlighting inefficiencies and costs.
problem Lack of research on share buy-back execution practices and associated costs.
method Comparative analysis of execution practices and fees charged to corporations and investors.
result Uncovered inefficiencies and frictional costs in share buy-back executions, advocating for transparency and fairness.
This study synthesizes stablecoin systems and develops a performance evaluation framework.
problem Fragmented academic research on stablecoins across economics, law, and computer science.
method Multi-method research design including literature synthesis, performance evaluation framework, and case study.
result Unified taxonomy and performance evaluation framework for stablecoin design.
Computer science scans LLMs to understand and manipulate their economic forecasts.
problem Understanding and controlling the reasoning of large language models in economics.
method Brain scanning techniques applied to LLMs to identify and manipulate underlying concepts.
result LLMs can be steered to generate forecasts with specific biases, allowing for correction or simulation.
Let M be a closed orientable surface of negative curvature. A connection is said to be transparent if its parallel transport along closed geodesics is the identity. We describe all transparent SU(2)-connections and we show that they can be built up from suitable Bäcklund transformations.
Machine learning algorithms aim at minimizing the number of false decisions and increasing the accuracy of predictions. However, the high predictive power of advanced algorithms comes at the costs of transparency. State-of-the-art methods, such as neural networks and ensemble methods, often result in highly complex mod…
DC-Check helps guide ML development by considering data-centric aspects.
problem Lack of standardized framework for data-centric considerations in ML.
method DC-Check is a checklist-style framework for data-centric AI at ML pipeline stages.
result Promotes thoughtfulness and transparency in ML development.
Research aims to make fact-checking models more transparent.
problem Making fact-checking models explainable in a complex field.
method Combines fact-checking methods with explainable AI techniques.
result Developed initial solutions for explainable fact-checking.
Open dataset and pipeline for realistic OPE research.
problem Lack of realistic and reproducible OPE experimental studies.
method Public logged bandit dataset and Python software.
result Enables experimental comparisons of OPE estimators.
Study Type C skein modules using Sp(2n) webs and construct transparent elements.
problem Understanding Type C skein modules and constructing transparent elements. method Diagrammatic approach using multivariable Chebyshev polynomials and explicit braiding formulas.
result Construction of transparent elements in the skein module at roots of unity.
The paper addresses monotonicity in machine learning models for fairness and accountability.
problem Ensuring fairness and accountability in transparent machine learning models.
method Study of three types of monotonicity (individual, weak pairwise, strong pairwise) and propose monotonic groves of neural additive models.
result Monotonic groves of neural additive models maintain transparency, accountability, and fairness.
Enhances machine learning performance predictions with transparency.
problem Providing accurate and practical performance guarantees for machine learning.
method Natural extension of conformal prediction framework.
result Valid and well-calibrated predictive statements about future performance.