Re:Chief scientist of major corporation can’t handle critici...
by thwayunion on Wednesday November 23, 2022 @11:51AM
(#33721608)
Because birth month distribution is highly correlated with climate zone; see the heat-map in [1]. Climate zone, in turn, is highly correlated with race (and probably also immigration status in this case).
Even if we set ethics aside, this is still a terrible idea because credit risk analysis is highly regulated in most cases. There is enormous regulatory risk to using birth month in a credit risk model. Particularly because hen a jury asks "what's an alternative causal model that could explain the bank's incorporate of this data point into their models?" their answer is going to be "absolutely none".
Even if we set ethics aside, this is still a terrible idea because credit risk analysis is highly regulated in most cases. There is enormous regulatory risk to using birth month in a credit risk model. Particularly because hen a jury asks "what's an alternative causal model that could explain the bank's incorporate of this data point into their models?" their answer is going to be "absolutely none".
[1] https://vividmaps.com/most-common-birth-months/