Ben Davies (U Calgary Law) has posted “Artificial Intelligence & FINRA Arbitration Awards: Utilizing AI and Arbitral Analytics to Uncover FINRA Arbitration Award Patterns” on SSRN. Here is the abstract:
This paper creates novel analytics and data on FINRA arbitration awards with novel artificial intelligence models fine-tuned and fed unsupervised FINRA awards to provide sentiment analysis on individual sentences and entire awards. This AI generated data, combined with prior FINRA arbitral analytics AI research, results in interesting analytics on which words, sentence structures, and awards (from 2008 to 2020) could increase the chances of a party winning a FINRA claim even if the claim is weak. To better understand AI and arbitral analytics, this paper will provide a brief history of these respective fields, ethical issues surrounding AI usage in the legal field, prior FINRA research, and short conclusion.