MIT AI Risk Repository · Risk Sub-Category · 21.02.01.a

Model misspecification

Category: Model-level risk

Description

"Models that are misspecified are known to give rise to inaccurate parameter estimations, inconsistent error terms, and erroneous predictions. All these factors put together will lead to poor prediction performance on unseen data and biased consequences when making decisions [68]."

From Towards risk-aware artificial intelligence and machine learning systems: An overview (Zhang2022), as extracted by the MIT AI Risk Repository (CC BY 4.0).

Classification

Causal entity
AI
Timing
Other

Subdomain definition: AI systems that fail to perform reliably or effectively under varying conditions, exposing them to errors and failures that can have significant consequences, especially in critical applications or areas that require moral reasoning.

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Other entries from Zhang2022