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A Note on the Interpretability of Machine Learning Algorithms

Dominique Guégan ()
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Dominique Guégan: Department of Economics, University Of Venice Cà Foscari; University Paris 1 Panthéon-Sorbonne; labEx ReFi Paris;

No 2020:20, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: We are interested in the analysis of the concept of interpretability associated with a ML algorithm. We distinguish between the “How”, i.e., how a black box or a very complex algorithm works, and the “Why”, i.e. why an algorithm produces such a result. These questions appeal to many actors, users, professions, regulators among others. Using a formal standardized framework, we indicate the solutions that exist by specifying which elements of the supply chain are impacted when we provide answers to the previous questions. This presentation, by standardizing the notations, allows to compare the different approaches and to highlight the specificities of each of them: both their objective and their process. The study is not exhaustive and the subject is far from being closed.

Keywords: Agnostic models; Artificial Intelligence; Counterfactual approach; Interpretability; LIME method; Machine learning (search for similar items in EconPapers)
JEL-codes: C K (search for similar items in EconPapers)
Pages: 16 pages
Date: 2020
New Economics Papers: this item is included in nep-big, nep-cmp and nep-ore
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