Quantifying Responsibility < PopMatters
Today’s WSJ has a story by Scott Thurm about how Fair Isaac and the other surveillance companies that track people’s financial activity and collects data to create credit scores are hoping to expand its line and generate scores that can codify other behaviors. They want to posit scores that, for example, let doctors know a patient’s likelihood to obey prescriptions or let marketers know how likely one is to spend rather than save:
Many scores are built on the premise that people who pay their bills on time are likely to be accountable in other ways. “There’s a ‘responsibility’ thought lurking inside” many measures, said [Fair Isaac CEO] Mr. Greene…. Scoring-company executives say their products are fairer and more consistent than the subjective judgments they often replace. Though they concede their formulas aren’t perfect, they say credit-based scores increase economic efficiency, improving people’s access to loans and cheaper insurance.
Marginal Utility’s thoughts on this continue here.
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