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For ex: if loans to black people are factually less likely to be repaid, should banks refuse all loans to all blacks based on no other information than the fact they are blacks?
A bit of a straw man here. Blacks, as well as Whites, are individuals. Each individual qualifies or not based on that individual's employment record, earnings, and credit history. Individuals who do not score high enough in these measures tend to default. A better example of that self fulfilling policy is when banks are forced to use lower scores when approving certain applicants merely because those applicants are Black. This will of course result in a higher level of defaults for Blacks.
Blacks, as well as Whites, are individuals. Each individual qualifies or not based on that individual's employment record, earnings, and credit history. Individuals who do not score high enough in these measures tend to default. A better example of that self fulfilling policy is when banks are forced to use lower scores when approving certain applicants merely because those applicants are Black. This will of course result in a higher level of defaults for Blacks.
Google hung from its own SJW petard:
https://www.dailymail.co.uk/news/article-8029747/Googles-Thanksgiving-Four-interview-abruptly-fired.html
For ex: if loans to black people are factually less likely to be repaid, should banks refuse all loans to all blacks based on no other information than the fact they are blacks?
Is it possible that Trans Women are mostly Mentally Ill?
And when in doubt, if you have to choose between losing a bit of money on a group or locking them out, then it's less harmful socially to default to the former.
That is a truly terrible example. For the first reason, loans are already given based on INDIVIDUAL credit histories! Why would you want to apply a totally unfair GROUP criteria when individual histories offer a much better risk profile for each loan?
I wonder why it is deemed acceptable to charge males under 25 more money for car insurance than what females are charged?
Heraclitusstudent saysFor ex: if loans to black people are factually less likely to be repaid, should banks refuse all loans to all blacks based on no other information than the fact they are blacks?
That is a truly terrible example. For the first reason, loans are already given based on INDIVIDUAL credit histories! Why would you want to apply a totally unfair GROUP criteria when individual histories offer a much better risk profile for each loan?
The ML could notice blacks have problem repaying, and so decides based on this
This is a VALID generalization across individuals.
Interesting. So if I claim to "see myself" as female, do I get a rate cut?
HeadSet saysInteresting. So if I claim to "see myself" as female, do I get a rate cut?
Might work in progressive CA...
rd6B saysHeadSet saysInteresting. So if I claim to "see myself" as female, do I get a rate cut?
Might work in progressive CA...
Wonder if we will see a lawsuit where a 20 year old "pre-op" transwoman sues Geico for giving the transwoman the higher rate given to males.
B. Twatter will be hiding tweets - and given the bias, guess what kind of tweets will be hidden?
If they are censoring this, then perhaps they should not be immune to lawsuits for someone's posted content, e.i. they are not just "platforms"...