Materiality
The legal concept that determines whether a false or misleading statement matters enough to be actionable: whether a reasonable person would consider the information important to a decision. A claim can use individually defensible words while still creating a materially false overall impression, which is the standard regulators actually evaluate.
Defined in 2 GAGE programs, which carry 3 distinct definitions of it. The wording above is taught in The AI Lobbyist: Certified AI Policy Strategist.
How each discipline defines it
The same term does different work depending on who is using it. These are the definitions as each program teaches them, unedited.
The legal concept that determines whether a false or misleading statement matters enough to be actionable: whether a reasonable person would consider the information important to a decision. A claim can use individually defensible words while still creating a materially false overall impression, which is the standard regulators actually evaluate.
A judgment of how much a finding would change what an organization should trust a model to do, if acted on, rated against the size of the affected population, the reversibility of the harm, and how much evidentiary weight the finding removes from the claim under challenge.
The legal standard, central to U.S. securities disclosure law, for whether a reasonable investor would consider a given event important to an investment decision; a factual, legal judgment a crisis communications team's read of the media cycle cannot substitute for.
Where it is taught
The exact lessons this term appears in. The first module of every program is free with a free account.
- Independent Challenge: The Second Line Reads the Model · Evaluation and Trust, Certified AI Governance Professional (CAIGP)
- Bullshit Detection: Red Flags That Someone Is Technically Bluffing · The Point Person Mandate, The AI Lobbyist: Certified AI Policy Strategist
- The Crisis Simulation with Real-Time Media Pressure · Crisis Management and Controversy Navigation, The AI Lobbyist: Certified AI Policy Strategist
Terms it appears with
Not an alphabetical neighbourhood: these are the terms taught in the same lessons, ranked by how often they appear together.