3 papers
cs.CY2026
Quantifying how AI Panels improve precision
Nicholas CL Beale
AI in applications like screening job applicants had become widespread, and may contribute to unemployment especially among the young. Biases in the AIs may become baked into the j…
q-fin.RM2019
An Unethical Optimization Principle
Nicholas Beale, Heather Battey, Anthony C. Davison +1
If an artificial intelligence aims to maximise risk-adjusted return, then under mild conditions it is disproportionately likely to pick an unethical strategy unless the objective f…
q-fin.TR2019
Dynamics of Value-Tracking in Financial Markets
Nicholas CL Beale, Richard M Gunton, Kutlwano L Bashe +2
The efficiency of a modern economy depends on what we call the Value-Tracking Hypothesis: that market prices of key assets broadly track some underlying value. This can be expected…