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The digitalization of credit scoring has become essential for financial institutions and commercial banks, especially in the era of digital transformation. Machine learning techniques are commonly used to evaluate customers'…

Machine Learning · Computer Science 2026-03-06 Huyen Giang Thi Thu , Thang Viet Doan , Ha-Bang Ban , Tai Le Quy

Software built on top of machine learning algorithms is becoming increasingly prevalent in a variety of fields, including college admissions, healthcare, insurance, and justice. The effectiveness and efficiency of these systems heavily…

Machine Learning · Computer Science 2023-05-25 Ying Xiao , Shangwen Wang , Sicen Liu , Dingyuan Xue , Xian Zhan , Yepang Liu

Scoring models support decision-making in financial institutions. Their estimation and evaluation are based on the data of previously accepted applicants with known repayment behavior. This creates sampling bias: the available labeled data…

Algorithms learned from data are increasingly used for deciding many aspects in our life: from movies we see, to prices we pay, or medicine we get. Yet there is growing evidence that decision making by inappropriately trained algorithms may…

Artificial Intelligence · Computer Science 2017-08-03 Indre Zliobaite

Machine learning (ML) algorithms are increasingly deployed to make critical decisions in socioeconomic applications such as finance, criminal justice, and autonomous driving. However, due to their data-driven and pattern-seeking nature, ML…

Software Engineering · Computer Science 2026-01-08 Verya Monjezi , Ashish Kumar , Ashutosh Trivedi , Gang Tan , Saeid Tizpaz-Niari

Machine learning algorithms often struggle to eliminate inherent data biases, particularly those arising from unreliable labels, which poses a significant challenge in ensuring fairness. Existing fairness techniques that address label bias…

Machine Learning · Computer Science 2024-12-17 Yixuan Zhang , Zhidong Li , Yang Wang , Fang Chen , Xuhui Fan , Feng Zhou

The issue of fairness in machine learning models has recently attracted a lot of attention as ensuring it will ensure continued confidence of the general public in the deployment of machine learning systems. We focus on mitigating the harm…

Machine Learning · Statistics 2021-02-24 Thomas Kehrenberg , Zexun Chen , Novi Quadrianto

It is widely accepted that biased data leads to biased and thus potentially unfair models. Therefore, several measures for bias in data and model predictions have been proposed, as well as bias mitigation techniques whose aim is to learn…

Machine Learning · Computer Science 2024-03-26 Marco Favier , Toon Calders , Sam Pinxteren , Jonathan Meyer

Bias is known to be an impediment to fair decisions in many domains such as human resources, the public sector, health care etc. Recently, hope has been expressed that the use of machine learning methods for taking such decisions would…

Machine Learning · Computer Science 2019-09-05 Jindong Gu , Daniela Oelke

With fairness concerns gaining significant attention in Machine Learning (ML), several bias mitigation techniques have been proposed, often compared against each other to find the best method. These benchmarking efforts tend to use a common…

Machine Learning · Computer Science 2024-11-20 Prakhar Ganesh , Usman Gohar , Lu Cheng , Golnoosh Farnadi

Machine learning has significantly enhanced the abilities of robots, enabling them to perform a wide range of tasks in human environments and adapt to our uncertain real world. Recent works in various machine learning domains have…

Biased human decisions have consequential impacts across various domains, yielding unfair treatment of individuals and resulting in suboptimal outcomes for organizations and society. In recognition of this fact, organizations regularly…

Machine Learning · Computer Science 2024-12-11 Wanxue Dong , Maria De-Arteaga , Maytal Saar-Tsechansky

Machine learning actively impacts our everyday life in almost all endeavors and domains such as healthcare, finance, and energy. As our dependence on the machine learning increases, it is inevitable that these algorithms will be used to…

Machine Learning · Computer Science 2021-02-23 Ankit Kulshrestha , Ilya Safro

Machine learning decision systems are getting omnipresent in our lives. From dating apps to rating loan seekers, algorithms affect both our well-being and future. Typically, however, these systems are not infallible. Moreover, complex…

Machine Learning · Statistics 2022-02-15 Jakub Wiśniewski , Przemysław Biecek

Modern software relies heavily on data and machine learning, and affects decisions that shape our world. Unfortunately, recent studies have shown that because of biases in data, software systems frequently inject bias into their decisions,…

Machine Learning · Computer Science 2020-12-21 Brittany Johnson , Jesse Bartola , Rico Angell , Katherine Keith , Sam Witty , Stephen J. Giguere , Yuriy Brun

Software bias is an increasingly important operational concern for software engineers. We present a large-scale, comprehensive empirical study of 17 representative bias mitigation methods for Machine Learning (ML) classifiers, evaluated…

Software Engineering · Computer Science 2023-02-13 Zhenpeng Chen , Jie M. Zhang , Federica Sarro , Mark Harman

As Machine Learning technologies become increasingly used in contexts that affect citizens, companies as well as researchers need to be confident that their application of these methods will not have unexpected social implications, such as…

Machine Learning · Computer Science 2025-03-06 Simon Caton , Christian Haas

Decision making in crucial applications such as lending, hiring, and college admissions has witnessed increasing use of algorithmic models and techniques as a result of a confluence of factors such as ubiquitous connectivity, ability to…

Artificial Intelligence · Computer Science 2020-09-08 G Roshan Lal , Sahin Cem Geyik , Krishnaram Kenthapadi

Artificial Intelligence (AI) has been used extensively in automatic decision making in a broad variety of scenarios, ranging from credit ratings for loans to recommendations of movies. Traditional design guidelines for AI models focus…

Artificial Intelligence · Computer Science 2018-09-27 Marisa Vasconcelos , Carlos Cardonha , Bernardo Gonçalves

The rise of algorithmic decision-making has spawned much research on fair machine learning (ML). Financial institutions use ML for building risk scorecards that support a range of credit-related decisions. Yet, the literature on fair ML in…

Machine Learning · Statistics 2022-06-20 Nikita Kozodoi , Johannes Jacob , Stefan Lessmann