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  1. Good decision vs. good results: Outcome bias in the evaluation of financial agents.Christian König-Kersting, Monique Pollmann, Jan Potters & Stefan T. Trautmann - 2020 - Theory and Decision 90 (1):31-61.
    We document outcome bias in situations where an agent makes risky financial decisions for a principal. In three experiments, we show that the principal’s evaluations and financial rewards for the agent are strongly affected by the random outcome of the risky investment. This happens despite her exact knowledge of the investment strategy, which can, therefore, be assessed independently of the outcome. The principal thus judges the same decision by the agent differently, depending on factors that the agent has no influence (...)
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  • Judicial analytics and the great transformation of American Law.Daniel L. Chen - 2019 - Artificial Intelligence and Law 27 (1):15-42.
    Predictive judicial analytics holds the promise of increasing efficiency and fairness of law. Judicial analytics can assess extra-legal factors that influence decisions. Behavioral anomalies in judicial decision-making offer an intuitive understanding of feature relevance, which can then be used for debiasing the law. A conceptual distinction between inter-judge disparities in predictions and inter-judge disparities in prediction accuracy suggests another normatively relevant criterion with regards to fairness. Predictive analytics can also be used in the first step of causal inference, where the (...)
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