Exploring Incident #107: Unintended Model Bias in a Financial Predictive Analysis System
Recent analysis of AI Incident Database unveiled an instance of unintended model bias in a financial predictive analysis system (Incident #107). The system, intended to forecast market trends and creditworthiness, demonstrated a tendency to favor certain demographic groups over others. This underscores the importance of responsible AI governance and trustworthy AI practices for safe and secure AI applications.
Source
Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/107
Data source
Incident data is from the AI Incident Database (AIID).
When citing the database as a whole, please use:
McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.
Pre-print on arXiv · Database snapshots & citation guide
We use weekly snapshots of the AIID for stable reference. For the official suggested citation of a specific incident, use the “Cite this incident” link on each incident page.