AI can help predict consumer defaults – NBER paper
Researchers say “deep learning” could be useful in designing macro-prudential policies
Researchers from the University of Pittsburgh find a form of artificial intelligence (AI) can help detect consumer defaults. They present their results in a working paper published by the National Bureau of Economic Research.
Stefania Albanesi and Domonkos Vamossy use “deep learning”, a form of AI, which they say is particularly useful when data has a large number of dimensions and shows complex, non-linear interactions. The approach creates a model based on large quantities of data and then
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