Frontiers in inference about risk. The project aims to develop new methods for robust risk evaluation and minimisation under various constraints and scenarios. Risk evaluation, estimation and prediction using past data is a central activity in diverse areas such as finance, insurance, superannuation and environmental regulation. The project aims to propose and solve innovatively robust risk optimisation problems under constraints, taking into account the time dynamics. Applications include risk ....Frontiers in inference about risk. The project aims to develop new methods for robust risk evaluation and minimisation under various constraints and scenarios. Risk evaluation, estimation and prediction using past data is a central activity in diverse areas such as finance, insurance, superannuation and environmental regulation. The project aims to propose and solve innovatively robust risk optimisation problems under constraints, taking into account the time dynamics. Applications include risk management around natural catastrophes and long-term asset investment of pension funds. The solutions and outcomes are expected to deliver optimal resource allocation proposals and better management of risk exposure in practice.Read moreRead less
Theoretical Foundations of Ethical Machine Learning. The project aims to develop a systematic theory of ethical machine learning. Machine learning is a powerful and pervasive technology that is already having a huge impact on Australia. When applied to data about people there are a range of ethical harms that can arise (fairness, and privacy are two of them). The project aims to develop a rigorously grounded foundation for managing such ethical harms. For example it will allow the quantification ....Theoretical Foundations of Ethical Machine Learning. The project aims to develop a systematic theory of ethical machine learning. Machine learning is a powerful and pervasive technology that is already having a huge impact on Australia. When applied to data about people there are a range of ethical harms that can arise (fairness, and privacy are two of them). The project aims to develop a rigorously grounded foundation for managing such ethical harms. For example it will allow the quantification of the inevitable trade-offs between fairness and utility. The benefits of the project should include better ways of managing these trade-offs, a competitive advantage for Australian firms developing the technology, and will ensure that the country retains a social license to use the technology.Read moreRead less
Australian Laureate Fellowships - Grant ID: FL200100176
Funder
Australian Research Council
Funding Amount
$3,128,080.00
Summary
Theoretical Foundations of Ethical Machine Learning. The project will develop a systematic theory of ethical machine learning. Machine learning is a powerful and pervasive technology that is already having a huge impact on Australia. When applied to data about people there are a range of ethical harms that can arise (fairness, and privacy are two of them). The project will develop a rigorously grounded foundation for managing such ethical harms. For example it will allow the quantification of t ....Theoretical Foundations of Ethical Machine Learning. The project will develop a systematic theory of ethical machine learning. Machine learning is a powerful and pervasive technology that is already having a huge impact on Australia. When applied to data about people there are a range of ethical harms that can arise (fairness, and privacy are two of them). The project will develop a rigorously grounded foundation for managing such ethical harms. For example it will allow the quantification of the inevitable trade-offs between fairness and utility. The benefits of the project will include the best possible ways of managing these trade-offs, competitive advantage for Australian firms developing the technology, and will ensure that the country retains a social license to use the technology.Read moreRead less
Uncertainty, Risk and Related Concepts in Machine Learning. Machine learning is the science of making sense of data. It does not and cannot remove all risk and uncertainty. This project proposes to study the foundations of how machine learning uses, represents and communicates risk and uncertainty. It aims to do so by finding new theoretical connections between diverse notions that have arisen in allied disciplines. These include risk, uncertainty, scoring rules and loss functions, divergences, ....Uncertainty, Risk and Related Concepts in Machine Learning. Machine learning is the science of making sense of data. It does not and cannot remove all risk and uncertainty. This project proposes to study the foundations of how machine learning uses, represents and communicates risk and uncertainty. It aims to do so by finding new theoretical connections between diverse notions that have arisen in allied disciplines. These include risk, uncertainty, scoring rules and loss functions, divergences, statistics and different ways of aggregating information. By building a more complete theoretical map it is expected that new machine learning methods will be developed, but more importantly that machine learning will be able to be better integrated into larger socio-technical systems.Read moreRead less