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Great job with Bayes Impact and thanks for the interesting post. "So moving from a 20% fraud reduction to 50% will block about 200 additional fraudulent loans
by jpdus 12y ago
Great job with Bayes Impact and thanks for the interesting post.
"So moving from a 20% fraud reduction to 50% will block about 200 additional fraudulent loans and also 200 honest loans. Is that okay?"
From the accompanying chart it looks more like ~700 additional honest loans blocked?
Any information about which threshold they picked? Looks like a difficult decision for a non-profit, from the chart it looks like about 15% of applications have been fraudsters but model accuracy is obviously limited given the available features.