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Analyzing the Impact of Credit Card Fraud on Economic Fluctuations of American Households Using an Adaptive Neuro-Fuzzy Inference System

arXiv.org Artificial Intelligence

Credit card fraud is assuming growing proportions as a major threat to the financial position of American household, leading to unpredictable changes in household economic behavior. To solve this problem, in this paper, a new hybrid analysis method is presented by using the Enhanced ANFIS. The model proposes several advances of the conventional ANFIS framework and employs a multi-resolution wavelet decomposition module and a temporal attention mechanism. The model performs discrete wavelet transformations on historical transaction data and macroeconomic indicators to generate localized economic shock signals. The transformed features are then fed into a deep fuzzy rule library which is based on Takagi-Sugeno fuzzy rules with adaptive Gaussian membership functions. The model proposes a temporal attention encoder that adaptively assigns weights to multi-scale economic behavior patterns, increasing the effectiveness of relevance assessment in the fuzzy inference stage and enhancing the capture of long-term temporal dependencies and anomalies caused by fraudulent activities. The proposed method differs from classical ANFIS which has fixed input-output relations since it integrates fuzzy rule activation with the wavelet basis selection and the temporal correlation weights via a modular training procedure. Experimental results show that the RMSE was reduced by 17.8% compared with local neuro-fuzzy models and conventional LSTM models.


Bezos Says Amazon Drones Ready to Deliver Mueller Report to Every American Household

The New Yorker

SEATTLE (The Borowitz Report)--Amazon drones stand "ready and waiting" to deliver copies of Robert Mueller's official report, free of charge, to every American household as early as next week, the Amazon founder, Jeff Bezos, confirmed on Wednesday. According to Bezos, Amazon has been planning the Mueller delivery mission for months, quietly building its drone fleet from a meagre two hundred to well over three million. "Amazon will be doing same-day delivery of Mueller's report the day it is released, free of charge, to both Prime and non-Prime households," Bezos said. "This is our way of giving something back." News of the offer sent the Mueller report zooming to No. 1 on Amazon's best-seller list within minutes.


Just how big is Big Data?

@machinelearnbot

Big Data started with algorithms helpfully scouring vast amounts of data to find patterns. These days it feels a bit like Big Brother. Using machine learning and AI to tweak algorithms, companies are now able to deliver profound insights from datasets once considered impossible to compile. This collection and analysis has expanded so rapidly, it's pushing data holders off any existing ethical framework or map. Facing very little scrutiny, companies have been left on their own to establish right and wrong in this space.


Will the coming robot nanny era turn us into technophiles?

#artificialintelligence

Zoltan Istvan is a futurist and 2016 U.S. Presidential candidate of the Transhumanist Party. That may dramatically change over the next 10 years as the "robot nanny" makes its way into our households. In as little time as a decade, affordable robots that can bottle-feed babies, change diapers and put a child to sleep might be here. The human-machine bond that a new generation of kids grows up with may be unbreakable. We may end up literally loving our machines almost like we do our mothers and fathers.