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The granting process of all credit institutions rejects applicants who seem risky regarding the repayment of their debt. A credit score is calculated and associated with a cut-off value beneath which an applicant is rejected. Developing a…

Credit scoring models based on accepted applications may be biased and their consequences can have a statistical and economic impact. Reject inference is the process of attempting to infer the creditworthiness status of the rejected…

Computational Finance · Quantitative Finance 2021-09-27 Rogelio A. Mancisidor , Michael Kampffmeyer , Kjersti Aas , Robert Jenssen

Reject inference comprises techniques to infer the possible repayment behavior of rejected cases. In this paper, we model credit in a brand new view by capturing the sequential pattern of interactions among multiple stages of loan business…

Risk Management · Quantitative Finance 2022-09-19 Mengnan Song , Jiasong Wang , Suisui Su

Classification is one of the most important tasks of machine learning. Although the most well studied model is the two-class problem, in many scenarios there is the opportunity to label critical items for manual revision, instead of trying…

Computer Vision and Pattern Recognition · Computer Science 2011-07-18 Ricardo Sousa , Jaime S. Cardoso

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…

Building reliable AI decision support systems requires a robust set of data on which to train models; both with respect to quantity and diversity. Obtaining such datasets can be difficult in resource limited settings, or for applications in…

Machine Learning · Computer Science 2022-12-12 Jerome White , Pulkit Madaan , Nikhil Shenoy , Apoorv Agnihotri , Makkunda Sharma , Jigar Doshi

Online graph problems are considered in models where the irrevocability requirement is relaxed. Motivated by practical examples where, for example, there is a cost associated with building a facility and no extra cost associated with doing…

Data Structures and Algorithms · Computer Science 2017-05-01 Joan Boyar , Lene M. Favrholdt , Kim S. Larsen , Michal Kotrbčík

This paper calls attention to the missing component of the recommender system evaluation process: Statistical Inference. There is active research in several components of the recommender system evaluation process: selecting baselines,…

Information Retrieval · Computer Science 2021-09-15 Ngozi Ihemelandu , Michael D. Ekstrand

Reject Inference (RI) methods aim to address sample bias by inferring missing repayment data for rejected credit applicants. Traditional approaches often assume that the behavior of rejected clients can be extrapolated from accepted…

Machine Learning · Computer Science 2025-10-16 Athyrson Machado Ribeiro , Marcos Medeiros Raimundo

We provide a method for approximating Bayesian inference using rejection sampling. We not only make the process efficient, but also dramatically reduce the memory required relative to conventional methods by combining rejection sampling…

Machine Learning · Computer Science 2015-12-04 Nathan Wiebe , Christopher Granade , Ashish Kapoor , Krysta M Svore

The application of machine learning based decision making systems in safety critical areas requires reliable high certainty predictions. Reject options are a common way of ensuring a sufficiently high certainty of predictions made by the…

Artificial Intelligence · Computer Science 2022-05-17 André Artelt , Roel Visser , Barbara Hammer

Machine learning models always make a prediction, even when it is likely to be inaccurate. This behavior should be avoided in many decision support applications, where mistakes can have severe consequences. Albeit already studied in 1970,…

Machine Learning · Computer Science 2024-02-22 Kilian Hendrickx , Lorenzo Perini , Dries Van der Plas , Wannes Meert , Jesse Davis

Much of science is (rightly or wrongly) driven by hypothesis testing. Even in situations where the hypothesis testing paradigm is correct, the common practice of basing inferences solely on p-values has been under intense criticism for over…

Methodology · Statistics 2015-12-31 M. J. Bayarri , Daniel J. Benjamin , James O. Berger , Thomas M. Sellke

The widespread use of machine learning in credit scoring has brought significant advancements in risk assessment and decision-making. However, it has also raised concerns about potential biases, discrimination, and lack of transparency in…

A new method based on the rejection sampling for finding statistical tests is proposed. This method is conceptually intuitive, easy to implement, and applicable for arbitrary dimension. To illustrate its potential applicability, three…

Methodology · Statistics 2026-03-11 Markku Kuismin

Machine learning based decision making systems applied in safety critical areas require reliable high certainty predictions. For this purpose, the system can be extended by an reject option which allows the system to reject inputs where…

Machine Learning · Computer Science 2022-07-06 André Artelt , Barbara Hammer

Rejection Sampling is a fundamental Monte-Carlo method. It is used to sample from distributions admitting a probability density function which can be evaluated exactly at any given point, albeit at a high computational cost. However,…

Machine Learning · Statistics 2018-10-23 Juliette Achdou , Joseph C. Lam , Alexandra Carpentier , Gilles Blanchard

Rejection sampling is a common tool for low dimensional problems ($d \leq 2$), often touted as an "easy" way to obtain valid samples from a distribution $f(\cdot)$ of interest. In practice it is non-trivial to apply, often requiring…

Computation · Statistics 2023-10-03 Edward Raff , Mark McLean , James Holt

Confounding is a significant obstacle to unbiased estimation of causal effects from observational data. For settings with high-dimensional covariates -- such as text data, genomics, or the behavioral social sciences -- researchers have…

Artificial Intelligence · Computer Science 2024-02-01 Katherine A. Keith , Sergey Feldman , David Jurgens , Jonathan Bragg , Rohit Bhattacharya

We investigate the problem of regression where one is allowed to abstain from predicting. We refer to this framework as regression with reject option as an extension of classification with reject option. In this context, we focus on the…

Machine Learning · Statistics 2021-03-08 Christophe Denis , Mohamed Hebiri , Ahmed Zaoui
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