Fiduciary Responsibility: Facilitating Public Trust in Automated Decision Making
Shannon B. Harper, Eric S. Weber

TL;DR
This paper discusses how implementing fiduciary responsibility in automated decision-making systems can enhance public trust by promoting transparency and accountability, using a data science lifecycle framework and a LAPD case study.
Contribution
It introduces a formal concept of fiduciary responsibility within data science lifecycles and applies it to improve trust in automated systems affecting the public.
Findings
Fiduciary responsibility can mitigate mistrust in automated decision systems.
Transparency in decision processes enhances public trust.
Case study demonstrates practical application of fiduciary principles.
Abstract
Automated decision-making systems are being increasingly deployed and affect the public in a multitude of positive and negative ways. Governmental and private institutions use these systems to process information according to certain human-devised rules in order to address social problems or organizational challenges. Both research and real-world experience indicate that the public lacks trust in automated decision-making systems and the institutions that deploy them. The recreancy theorem argues that the public is more likely to trust and support decisions made or influenced by automated decision-making systems if the institutions that administer them meet their fiduciary responsibility. However, often the public is never informed of how these systems operate and resultant institutional decisions are made. A ``black box'' effect of automated decision-making systems reduces the public's…
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Taxonomy
TopicsEthics and Social Impacts of AI
