Beyond Statistics: The Economic Content of Risk Scores
"Big data" and statistical techniques to score potential transactions have transformed insurance and credit markets. In this paper, we observe that these widely-used statistical scores summarize a much richer heterogeneity, and may be endogenous to the context in which they get applied. We...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
American Economic Association
2017
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| Online Access: | http://hdl.handle.net/1721.1/109558 https://orcid.org/0000-0002-9941-6684 https://orcid.org/0000-0002-0551-169X |