Thank you for agreeing to be part of the 2019-20 Explainable Artificial Intelligence Delphi Group.
I will aggregate everybody’s responses and share the results, along with follow-up questions, for the next stage of the Delphi methodology.
If you can, please respond by 1 March 2020 so that I can include your contribution.
The Plain Language Information Statement is available here. More information on the survey method can be found here.
There are 11 questions in this survey.
A bank customer requests the reasoning behind her bank loan rejection in order to understand why her loan has been rejected by an AI.
(We may assume that the customer had no specialized knowledge of loan application processing nor of computer routines ("algorithms") and A.I.)
The explanation he is given was itself provided by an algorithm. This produced both a graphical and a textual explanation for the A.I.'s decision to reject his application.
[Text quoted from the preamble to the XAI's explanation is presented here in blue.]
FICO, a credit scoring company, released an anonymized dataset of Home Equity Line of Credit (HELOC) applications made by real homeowners. A HELOC is a line of credit typically offered by a bank as a percentage of home equity (the difference between the current market value of a home and the outstanding balance of all liens, e.g., mortgages). The customers in this dataset have requested a credit line in the range of $5,000 - $150,000. The fundamental task is to use the information about the applicant in their credit report to predict whether they will make timely payments over a two-year period. This is the machine learning task that we focus on. The machine learning prediction is then used by loan officers to decide whether the homeowner qualifies for a line of credit and, if so, how much credit should be extended.
Please check the most appropriate option for each of the questions below. If you select "unable to judge" explain why.
Thank you for responding to the survey.
I will aggregate everybody’s responses and share the results, along with follow-up questions, for the next stage of the Delphi methodology.
The Plain Language Information Statement is available here. More information on the survey method can be found here.
1. Is the explanation clearly written with correct spelling and grammar? *