2 ms·

> then a new company could make a ton of money by correcting those bad assumptions and giving out loans to people who can't get them otherwise. This quite lite

• mikeash 10y ago
  That's pretty much my whole point. New companies regularly step in and take advantage of competitors' biases, so anything that looks like a long-term systematic bias probably is actually a reflection of a real correlation instead, because if it was a real bias, somebody probably would have stepped in and taken advantage by now.