Artificial Intelligence & Personal Finance: Legal and Ethical Implications

Authors

Aaron Klein, The Brookings Institution

Document Type

Lecture

Publication Date

3-2-2020

Publisher

Brookings Mountain West

Abstract

As part of the Brookings Scholar Lecture Series, Brookings Mountain West presents a lecture titled "Artificial Intelligence and Personal Finance: Legal and Ethical Implications" by Brookings fellow in economic studies, Aaron Klein. The rise of big data, machine learning, and artificial intelligence herald great promise in making our financial system safer, fairer, and more inclusive. However, the legacy of the use of credit as a tool to enforce and promote discrimination means these same tools can recreate and reinforce biases in ways that challenge basic ethics and the law. This lecture explores how data is used to make financial decisions, and how the coming technological evolution may revolutionize how credit is -or is not- allocated.

Keywords

Artificial intelligence; Economics; Credit cards; Finance

Disciplines

Economics | Finance

File Format

pdf

File Size

704 KB

Streaming Media

Language

English

Comments

This event was held at the University of Nevada, Las Vegas in the Greenspun Hall Auditorium on Monday, March 2, 2020 at 6 p.m.

Repository Citation

Klein, A. (2020). Artificial Intelligence & Personal Finance: Legal and Ethical Implications.
Available at: https://digitalscholarship.unlv.edu/brookings_lectures_events/151