4 ms·
Nope. You are exactly correct. The way to approach removing bias in all personal financial decision making, algorithmic or otherwise, is to only allow it to be
by kokokokoko 8y ago
Nope. You are exactly correct. The way to approach removing bias in all personal financial decision making, algorithmic or otherwise, is to only allow it to be based on previous individual financial behavior.
The solution is pretty much that simple. I would argue that all correlative models dealing with human beings will always be discriminatory.
Will loans become more expensive for many people? Sure. But that is the true solution. Sometimes the right decision is simple but unconfortable. In my opinion, this is one of those times.
- whatshisface 8y ago>is to only allow it to be based on previous individual financial behavior Your financial history includes your rent or mortgage payments, which are for living at your zip code. Restriction to financial history is not all that much of a restriction.
- deleted 8y ago[deleted]
- obastani 8y agoIn principle I agree with what you are saying. We have to be a bit careful, however, since past financial history may have itself been biased by prejudice, e.g., if you were unfairly denied a job based on your race. Of course, we sometimes have to draw the line somewhere, and personally I agree that using previous financial behavior probably is fair.