Re:Yann LeCun quits Twitter amid acrimonious exchanges on AI...
by Gibbon1 on Wednesday July 01, 2020 @05:31AM
(#23699609)
For credit reporting this sort of thing creates bad enough externalizes that it needs to be outlawed.
And I repeat curve fitting isn't modeling. Because in that case it's not a model it's a prescribed outcome.
This entire discussion is about ML models, which can often be fairly described as very fancy curve fitting.
> And when inserting a fitted curve into a feedback system you're very likely to just perpetuate the problem you're looking to eliminate.
This is not a problem for the individual credit issuer-- they're not looking to eliminate the problem. They've avoided some credit risk by taking race into account. They've improved their expected value, even if society is stuck with the cost of the problem getting worse.