From: "Timothy C. May" <tcmay@got.net>
Date: Wed, 11 Dec 1996 15:56:19 -0800 (PST)
To: cypherpunks@toad.com
Subject: Re: Redlining
In-Reply-To: <v03007803aed4c54f9c32@[207.167.93.63]>
Message-ID: <v03007802aed4fae4d4ab@[207.167.93.63]>
MIME-Version: 1.0
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At 5:07 PM -0600 12/11/96, Igor Chudov @ home wrote:

>Correlation is not an evidence of discrimination, at least to me.
>

Nor is it to me. So neither of us will likely object to the neural
net-based lending programs which feed in a bunch of applicant data points,
train the net by providing feedback on who repaid their loans and with what
complications, etc. Even if such nets end up rejecting
"otherwise-qualified" (a la your other post) applicants in such a way that
the accept/reject ratios appear strongly correlated with certain
ethnicities?

(Another member of the list sent me private e-mail about his experiences
writing a "scoring program" for a bank making just the kinds of loans we're
talking about here. He recounted his bank's very real experiences with loan
paybacks by various ethnic and national groups. Nothing very surprising, to
me.)

--Tim May

Just say "No" to "Big Brother Inside"
We got computers, we're tapping phone lines, I know that that ain't allowed.
---------:---------:---------:---------:---------:---------:---------:----
Timothy C. May              | Crypto Anarchy: encryption, digital money,
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