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In my opinion, in the U.S. such practice represents a clear commercial intrusion upon the First Amendment right of free association. And I hope that any and al
by pasbesoin 13y ago
In my opinion, in the U.S. such practice represents a clear commercial intrusion upon the First Amendment right of free association. And I hope that any and all companies that practice it are sued into oblivion. I have zero tolerance for such behaviour.
Our society does better when we communicate with each other. As in, "united we stand, divided we fall".
If we are not to turn entirely into a perpetual exercise in "pecking order", there have to be some limits upon what can be "punished" -- commercially or otherwise.
So, take your "social network credit risk" and shove it.
- benmanns 13y agoThe Constitution and its amendments are designed to protect citizens from the government, not from private corporations. There may be other laws preventing this sort of credit reporting, but the Constitution does not.
- jbail 13y agoI don't think that's totally correct. "...in Pembina Consolidated Silver Mining Co. v. Pennsylvania - 125 U.S. 181 (1888), the Court clearly affirmed the doctrine, holding, "Under the designation of 'person' there is no doubt that a private corporation is included [in the Fourteenth Amendment]" http://en.wikipedia.org/wiki/Corporate_personhood http://en.wikipedia.org/wiki/Corporate_personhood
- tedunangst 13y agohuh? All that says is that corporations enjoy the same protections from government that people do. It doesn't say anything about protecting people from corporations.
- Sven7 13y agoWhat happens if Bill Gates friends me?
- Houshalter 13y agoWhat is wrong with using data to make more accurate predictions? Why does it matter where the data came from? That's their job, to make accurate predictions about how likely people are to pay back a loan. This benefits everyone. Interest rates will be lower and more accurately reflect the risk. If I had a time machine and could go to the future and see who would pay back their loans and who wouldn't, that would be ideal. But we don't have that, we can only make predictions by looking at data that happened to correlate with that in the past.
- sliverstorm 13y agoBecause you hose people who are not actually high-risk but, for whatever the reason, chose to hang out with people who are high-risk. This is not really a socially acceptable thing to do, because you are effectively punishing those individuals for their choice in friends. While the First Amendment may not apply here, I'd say most people value the spirit of "freedom of association" and thus I expect it to have been applied elsewhere.
- markdown 13y agoI wonder how Obama would have been classified in his "Community Organizer" days. if job == 'Lawyer': score + 100 if poor_people_friends > 150: score - 100
- Houshalter 13y agoThat's not how machine learning. I mean no one just programs "if poor_people_friends" or keeps a running score. They just feed the machine the data.
- markdown 13y agoAnd the machine just guesses a score? Are you saying the machine doesn't actually rank you according to the data you give it?
- Houshalter 13y ago