Practice Case Study 1: Algorithmic Lending Decisions – Perpetuating Economic Disparity - 4.2.1 | Module 7: Advanced ML Topics & Ethical Considerations (Weeks 14) | Machine Learning
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4.2.1 - Case Study 1: Algorithmic Lending Decisions – Perpetuating Economic Disparity

Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is algorithmic bias?

💡 Hint: Think about how decisions might be unfairly influenced.

Question 2

Easy

Give an example of historical bias in lending.

💡 Hint: Reflect on the data used to make decisions.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What type of bias often reflects societal prejudices in AI models?

  • Algorithmic Bias
  • Human Bias
  • Cognitive Bias

💡 Hint: Think about the systemic nature of discrimination.

Question 2

True or False: Historical bias can lead to algorithmic bias.

  • True
  • False

💡 Hint: Consider how past decisions shape current ones.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Design an intervention strategy for an algorithmic lending model that reduces bias. Detail the steps involved and expected outcomes.

💡 Hint: Consider both data and human factors.

Question 2

Evaluate the trade-offs between efficiency and ethical fairness in algorithmic lending. How would you prioritize these aspects?

💡 Hint: Think about the long-term impact versus short-term gains.

Challenge and get performance evaluation