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Overconfidence Bias: The False Assumption That Someone is Better Than Others
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Author: N/A; Publisher: The Corporate Financial Institute; Publication Year: 2023. The following article covers multiple forms of overconfidence that can be found in analysts in the financial industry. There were 4 types that are discussed: 1). Over Ranking, 2). Illusion of Control, 3). Timing Optimism, and 4). Desirability Effect…
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Operationalizing Data Ethics in the Financial Services Sector
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Author: N/A; Publisher: Allen & Overy; Publication Year: 2019. The following article discusses how like almost all industries, financial services is also being revolutionized by data and artificial intelligence algorithms, but artificial intelligence has its shortcomings. Though it can’t be blindly trusted in financial service decisions, and this article lists 9 suggestions for operationalizing data…
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AI Solutions to Change Your Business
Banking & Finance, Blog Article, Code of Ethics, Communities of Practice, Diversity, Equity & Inclusion, Healthcare, Industry-Specificlnbressa
Author: N/A; Publisher: Accenture; Publication Year: N/A. The following framework is unique in that it is not published by a third party, a data ethics organization, or an educator. Rather, this is the ethical framework that Accenture, a Fortune 500 IT and consulting company, uses to guide its practices and publications for others in the…
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Reducing Bias in AI-Based Financial Services
2020, Banking & Finance, Bias, Communities of Practice, Diversity, Equity & Inclusion, Education & Training, Frameworks, Industry-Specific, News Articlelnbressa
Author: Aaron Klein; Publisher: The Brookings Institution; Publication Year: 2020. The following paper goes in depth regarding why establishing and maintaining proper data governance programs and ethical data frameworks are so important to financial institutions. As AI technologies have grown to more prominence, so have issues that have arisen with them. There have already been…
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AI in Banking: Survey Reveals Factors for Success | SAS
Banking & Finance, Bias, Blog Article, Education & Training, Frameworks, Industry-Specific, Notable Peoplelnbressa
Author: N/A; Publisher: SAS Insights; Publication Year: N/A. The following post is about where AI is being implemented in banking, what it is being used for, and who is in charge of keeping an eye on the results. The post utilizes bar charts to illustrate the information. The post talks about how banks are currently…
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