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Remembering how my dad got his first truck loan without a computer
It was all based on a handshake and his word at the local bank. Now, an algorithm decides your worth without even meeting you, and idk, it feels like we lost something.
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irisowens6mo ago
Algorithms don't play favorites like old school bankers did.
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the_finley6mo ago
Check the training data for those algorithms. Seen old mortgage approval sets used to build new systems. They just baked the old bias into code. The redlining is still there, just automated now.
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irisowens6mo ago
But isn't that just how the world worked back then? The data shows what happened, not what should happen.
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irisowens6mo ago
Yeah but where does it stop? Like if the data itself already has those old patterns baked in, then any system built on it just keeps spinning the same wheel. Scary how something that looks clean on paper can still have all that junk in the trunk.
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