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Record W4396498564 · doi:10.5539/cis.v17n1p49

Ethical Implication of Artificial Intelligence (AI) Adoption in Financial Decision Making

2024· article· en· W4396498564 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

venuePublished in a venue whose home country is Canada.
no affNo Canadian affiliation: this work is invisible to an affiliation-only frame.
No Canadian affiliation. An affiliation-only frame, the usual design, would never have seen this work. It is one of the works that make the case for inverting the frame.

Bibliographic record

VenueComputer and Information Science · 2024
Typearticle
Languageen
FieldDecision Sciences
TopicImpact of AI and Big Data on Business and Society
Canadian institutionsnot available
Fundersnot available
KeywordsComputer scienceArtificial intelligenceEthical decisionEngineering ethics

Abstract

fetched live from OpenAlex

The integration of artificial intelligence (AI) into the financial sector has raised ethical concerns that need to be addressed. This paper analyzes the ethical implications of using AI in financial decision-making and emphasizes the importance of an ethical framework to ensure its fair and trustworthy deployment. The study explores various ethical considerations, including the need to address algorithmic bias, promote transparency and explainability in AI systems, and adhere to regulations that protect equity, accountability, and public trust. By synthesizing research and empirical evidence, the paper highlights the complex relationship between AI innovation and ethical integrity in finance. To tackle this issue, the paper proposes a comprehensive and actionable ethical framework that advocates for clear guidelines, governance structures, regular audits, and collaboration among stakeholders. This framework aims to maximize the potential of AI while minimizing negative impacts and unintended consequences. The study serves as a valuable resource for policymakers, industry professionals, researchers, and other stakeholders, facilitating informed discussions, evidence-based decision-making, and the development of best practices for responsible AI integration in the financial sector. The ultimate goal is to ensure fairness, transparency, and accountability while reaping the benefits of AI for both the financial sector and society.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.004
metaresearch head score (Gemma)0.001
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Other design · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.898
Threshold uncertainty score0.924

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0040.001
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.002
Science and technology studies0.0000.000
Scholarly communication0.0010.006
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.090
GPT teacher head0.415
Teacher spread0.325 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it