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 risk describes exposure to biased or unfair decision making and threats to personal privacy?

Individual risk concerns harms to people that can arise from AI systems, including biased or unfair decisions and privacy breaches. This category focuses on how decisions affect an individual’s opportunities, rights, and autonomy, such as discrimination in lending, hiring, or access to services, and violations of personal privacy through data misuse. While biases or privacy issues can occur in organizational processes or systems, those broader concerns are categorized as organizational or societal risks. Societal risks look at impacts on groups or society at large, like economic effects or misinformation; but the core focus here is the direct impact on individuals.

Individual risk concerns harms to people that can arise from AI systems, including biased or unfair decisions and privacy breaches. This category focuses on how decisions affect an individual’s opportunities, rights, and autonomy, such as discrimination in lending, hiring, or access to services, and violations of personal privacy through data misuse. While biases or privacy issues can occur in organizational processes or systems, those broader concerns are categorized as organizational or societal risks. Societal risks look at impacts on groups or society at large, like economic effects or misinformation; but the core focus here is the direct impact on individuals.