based on machine learning predictions of long-run profitability can simultaneously increase profits and eliminate bias …This paper tests for bias in consumer lending decisions using administrative data from a high-cost lender in the United … Kingdom. We motivate our analysis using a simple model of bias in lending, which predicts that profits should be identical for …

predictions of long-run profitability can simultaneously increase profits and eliminate bias …This paper tests for bias in consumer lending decisions using administrative data from a high-cost lender in the United … Kingdom. We motivate our analysis using a simple model of discrimination in lending, which predicts that profits should be …

This paper tests for bias in consumer lending using administrative data from a high-cost lender in the United Kingdom …. We motivate our analysis using a new principal-agent model of bias, which predicts that profits should be higher for the … most illiquid loan applicants at the margin if loan examiners are biased. We identify the profitability of marginal …

based on machine learning predictions of long-run profitability can simultaneously increase profits and eliminate bias …This paper tests for bias in consumer lending decisions using administrative data from a high-cost lender in the United … Kingdom. We motivate our analysis using a simple model of bias in lending, which predicts that profits should be identical for …