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Algorithmic consumer credit scoring has caused anxiety among scholars and policy makers. After a significant legislative effort by the European Union, the General Data Protection Regulation (GDPR) containing provisions tailored to automated decision-making (ADM) was implemented. When the EU...
Persistent link: https://www.econbiz.de/10012825964
that have been trained with the optimal swarm intelligence algorithm. Specifically, we trained neural network with seven … different swarm intelligence algorithm (bat algorithm, chicken swarm optimization, cuckoo search optimization, firefly algorithm …, particle swarm optimization, social spider algorithm, and whale swarm algorithm) to find out the superior combination of …
Persistent link: https://www.econbiz.de/10012859971
We apply machine-learning techniques to construct nonlinear nonparametric forecasting models of consumer credit risk. By combining customer transactions and credit bureau data from January 2005 to April 2009 for a sample of a major commercial bank's customers, we are able to construct...
Persistent link: https://www.econbiz.de/10013146973
of credit risk obtained using 10 runs of 10-fold cross validation of the Re-RX algorithm family, including the Re …-RX algorithm, the Re-RX algorithm with both discrete and continuous attributes (Continuous Re-RX), the Re-RX algorithm with J48 …graft, the Re-RX algorithm with a trained neural network (Sampling Re-RX), NeuroLinear, NeuroLinear+GRG, and three unique …
Persistent link: https://www.econbiz.de/10011822744
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We study the effects of leadership in the provision of public goods by examining (i) the relative importance of reward … are: (i) Reward options yield lower contributions than punishment through exclusion. (ii) Endogenous leadership is much …
Persistent link: https://www.econbiz.de/10010293401
choice, groups typically vote for the reward option, even though punishment is actually more effective in sustaining high …
Persistent link: https://www.econbiz.de/10010293404
In this paper we propose different criteria to rank income distributions according to equality of opportunity. Different from existing ones, our criteria explicitly recognize the interplay between circumstances and effort. We characterize them axiomatically and we compare them with existing...
Persistent link: https://www.econbiz.de/10011379816
In this paper we propose different criteria to rank income distributions according to equality of opportunity. Different from existing ones, our criteria explicitly recognize the interplay between circumstances and effort. We characterize them axiomatically and we compare them with existing...
Persistent link: https://www.econbiz.de/10011401677