© Tobias Baer 2019
Tobias BaerUnderstand, Manage, and Prevent Algorithmic Biashttps://doi.org/10.1007/978-1-4842-4885-0_16

16. Managerial Strategies for Correcting Algorithmic Bias

Tobias Baer1 
(1)
Kaufbeuren, Germany
 

I still remember my shock when I interviewed a Chief Risk Officer of a bank about the key risk drivers she considered when underwriting credit, and one of the first things she said was that homosexuals are “obviously” risky (and hence should be avoided as borrowers).

While one part of my brain hotly debated whether I should confront the clearly intelligent and educated woman with all the arguments why I considered this a horrible bias, another part of my brain reflected on what I had read about her country before my trip—specifically ...

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