Get ready for the GARP Risk and AI Exam with flashcards and multiple choice questions. Each question comes with hints and explanations. Prepare for success!

Multiple Choice

Which principle focuses on fairness, equality, and impartial distribution of benefits and burdens?

Justice is about fairness and the impartial distribution of benefits and burdens. It requires treating people equally and ensuring outcomes aren’t biased against groups, so resources, opportunities, and risks are shared in a fair way. In risk management and AI, this means designing and applying models so they don’t disproportionately disadvantage anyone, and so access to benefits like credit or insurance is equitable while harms are not imposed unevenly. This contrasts with autonomy, which centers on individuals’ right to make their own choices; beneficence, which emphasizes acting to promote welfare; and explainability, which focuses on making decisions understandable. That’s why justice is the principle described.

Justice is about fairness and the impartial distribution of benefits and burdens. It requires treating people equally and ensuring outcomes aren’t biased against groups, so resources, opportunities, and risks are shared in a fair way. In risk management and AI, this means designing and applying models so they don’t disproportionately disadvantage anyone, and so access to benefits like credit or insurance is equitable while harms are not imposed unevenly. This contrasts with autonomy, which centers on individuals’ right to make their own choices; beneficence, which emphasizes acting to promote welfare; and explainability, which focuses on making decisions understandable. That’s why justice is the principle described.