Keywords
AI Hallucinations; AI Law; Securities and AI; Artificial Intelligence; Legal Documents; Financial Documents
Abstract
With the emergence of Artificial Intelligence, it has become recognized that hallucinations may be interwoven into documents. Hallucinations are statements that do not have a basis in fact, even though they appear to be true. My thesis will be centered on how hallucinations can be quantified in financial documents and legal documents. These two areas were chosen because they have an immeasurable effect on business. Recently, there have been several court cases in which an attorney included case citations that were hallucinations rather than being real cases. The attorney was fined by the judge. A new development might be for a judge to penalize the opposing counsel as well for not catching the hallucinations. In the financial sphere, hallucination statements in financial documents can easily harm a company’s reputation and the fallout from the inclusion of hallucinations can have drastically negative consequences.
Thesis Completion Year
2026
Thesis Completion Semester
Spring
Thesis Chair
Bast, Carol
College
College of Community Innovation and Education
Department
Legal Studies
Thesis Discipline
Legal Studies
Access Status
Open Access
Length of Campus Access
None
STARS Citation
McGuigan, Emily M., "Quantifying AI Hallucinations in Legal and Financial Documents" (2026). Honors Undergraduate Theses. 616.
https://stars.library.ucf.edu/hut2024/616
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