Abstract:
:If an artificial intelligence aims to maximize risk-adjusted return, then under mild conditions it is disproportionately likely to pick an unethical strategy unless the objective function allows sufficiently for this risk. Even if the proportion η of available unethical strategies is small, the probability p U of picking an unethical strategy can become large; indeed, unless returns are fat-tailed p U tends to unity as the strategy space becomes large. We define an unethical odds ratio, Υ (capital upsilon), that allows us to calculate p U from η, and we derive a simple formula for the limit of Υ as the strategy space becomes large. We discuss the estimation of Υ and p U in finite cases and how to deal with infinite strategy spaces. We show how the principle can be used to help detect unethical strategies and to estimate η. Finally we sketch some policy implications of this work.
journal_name
R Soc Open Scijournal_title
Royal Society open scienceauthors
Beale N,Battey H,Davison AC,MacKay RSdoi
10.1098/rsos.200462subject
Has Abstractpub_date
2020-07-01 00:00:00pages
200462issue
7issn
2054-5703pii
rsos200462journal_volume
7pub_type
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