Fairness versus profitability in automated machine learning

Paolo Giudici, Branka Hadji Misheva, Giacomo Piana
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Abstract

We consider the application of automated machine learning models in a real credit lending platform, and empirically study whether the trade-off between fairness and profitability can be improved by means of fairness processing methods. Fairness is evaluated along the principle of Separation, while profitability is computed as a loan-level profit function, aggregated at the portfolio level. The empirical findings reveal that none of the considered fairness processors reduces bias without an increase in costs, in the form of higher false positive or of higher false negative rates.

自动化机器学习中的公平与盈利
我们考虑将自动化机器学习模型应用于真实的信贷平台,并通过实证研究公平处理方法是否可以改善公平与盈利能力之间的权衡。公平是根据分离原则来评估的,而盈利能力是作为贷款水平的利润函数来计算的,在投资组合水平上汇总。实证研究结果表明,在不增加成本(以更高的假阳性或更高的假阴性率的形式)的情况下,没有一个被认为是公平处理器可以减少偏见。
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