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The more the merrier: logical and multistage processors in credit scoring

  • This paper focuses on the application of fair machine learning (ML) in the context of credit scoring in finance.
  • The paper introduces logical processors (LP), a new technique for addressing the application of fairness methods on multiple sensitive variables.
  • The paper also explores multistage processors (MP) to determine if combining fairness methods can enhance fairness and accuracy in credit scoring.
  • The results indicate that logical processors are suitable for handling multiple sensitive variables, and multistage processors can improve existing methods.

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