Credit Scoring Problem
Explore the credit scoring problem to understand how AI models impact lending decisions, fairness, and potential biases. Learn key evaluation metrics and the importance of addressing discrimination in credit risk models through a practical example using the German Credit dataset.
We'll cover the following...
We'll cover the following...
The credit scoring problem
Before we dive deep into AI fairness, it is time to introduce a motivating example.
Credits and loans are essential aspects of modern society. Credit decisions can influence people’s lives, such as when buying a house. This task is also vital for financial institutions. Loans generate a lot of income, but unpaid loans are a considerable cost. The impact can be even worse: we saw this during ...