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Full-Text Articles in Engineering
Mining Semantic Knowledge Graphs To Add Explainability To Black Box Recommender Systems, Mohammed Alshammari, Olfa Nasraoui, Scott Sanders
Mining Semantic Knowledge Graphs To Add Explainability To Black Box Recommender Systems, Mohammed Alshammari, Olfa Nasraoui, Scott Sanders
Faculty Scholarship
Recommender systems are being increasingly used to predict the preferences of users on online platforms and recommend relevant options that help them cope with information overload. In particular, modern model-based collaborative filtering algorithms, such as latent factor models, are considered state-of-the-art in recommendation systems. Unfortunately, these black box systems lack transparency, as they provide little information about the reasoning behind their predictions. White box systems, in contrast, can, by nature, easily generate explanations. However, their predictions are less accurate than sophisticated black box models. Recent research has demonstrated that explanations are an essential component in bringing the powerful predictions of …
The Future Robo-Advisor, Catalin Burlacu
The Future Robo-Advisor, Catalin Burlacu
MITB Thought Leadership Series
The accelerated digitalisation of both people and business around the world today is having a huge impact on the investment management and advisory space. The addition of new and vastly larger data sets, as well as exponentially more sophisticated analytical tools to turn that data into usable information is constantly changing the way investments are decided on, made and managed.
Transparency And Algorithmic Governance, Cary Coglianese, David Lehr
Transparency And Algorithmic Governance, Cary Coglianese, David Lehr
All Faculty Scholarship
Machine-learning algorithms are improving and automating important functions in medicine, transportation, and business. Government officials have also started to take notice of the accuracy and speed that such algorithms provide, increasingly relying on them to aid with consequential public-sector functions, including tax administration, regulatory oversight, and benefits administration. Despite machine-learning algorithms’ superior predictive power over conventional analytic tools, algorithmic forecasts are difficult to understand and explain. Machine learning’s “black-box” nature has thus raised concern: Can algorithmic governance be squared with legal principles of governmental transparency? We analyze this question and conclude that machine-learning algorithms’ relative inscrutability does not pose a …