BackEconomic loss

Economic loss

Sociotechnical Harms of Algorithmic Systems: Scoping a Taxonomy for Harm Reduction

Shelby et al. (2023)

Sub-category

Risk Domain

1.1Unfair discrimination and misrepresentation

Unequal treatment of individuals or groups by AI, often based on race, gender, or other sensitive characteristics, resulting in unfair outcomes and unfair representation of those groups.

Financial harms [52, 160] co-produced through algorithmic systems, especially as they relate to lived experiences of poverty and economic inequality... demonetization algorithms that parse content titles, metadata, and text, and it may penalize words with multiple meanings [51, 81], disproportionately impacting queer, trans, and creators of color [81]. Differential pricing algorithms, where people are systematically shown different prices for the same products, also leads to economic loss [55]. These algorithms may be especially sensitive to feedback loops from existing inequities related to education level, income, and race, as these inequalities are likely reflected in the criteria algorithms use to make decisions [22, 163].(p. 730)

Entity— Who or what caused the harm

Human

Due to a decision or action made by humans

AI system

Due to a decision or action made by an AI system

Other

Due to some other reason or is ambiguous

Intent— Whether the harm was intentional or accidental

Intentional

Due to an expected outcome from pursuing a goal

Unintentional

Due to an unexpected outcome from pursuing a goal