Should firms that apply machine learning algorithms in their decision making make their algorithms transparent to the users they affect? Despite the growing calls for algorithmic transparency, most…
Bitcoin falls dramatically short of the scale provided by banks for payments. Currently, its ledger grows by the addition of blocks of ∼2,000 transactions every 10 minutes. Intuitively, one would…
We study how Airbnb property demand changed after the acquisition of verified images (taken by Airbnb’s photographers) and explore what makes a good image for an Airbnb property. Using deep learn…
Ensuring fairness in algorithmic decision making is a crucial policy issue. Current legislation ensures fairness by barring algorithm designers from using demographic information in their decision …
We study the effect of Airbnb’s smart-pricing algorithm on the racial disparity in the daily revenue earned by Airbnb hosts. Our empirical strategy exploits Airbnb’s introduction of the algorit…
Big data and machine learning (ML) algorithms are key drivers of many fintech innovations. Although it may be obvious that replacing humans with machines would increase efficiency, it is not clear …