Xequecal wrote:
Vindicarre wrote:
X, you're using examples of automobile insurance rates being adjusted for age and then following it up with "I don't see any reason why it wouldn't work the same way for race when it comes to loans." Do you really think that's persuasive or illustrative of a well-thought out logical position?
Using your postings on this subject as a baseline I've got to ask, are you just "going with your gut" on this?
While I haven't seen any studies done on loans, specifically, regarding to race, I have read plenty on how black people get discriminated against in other areas simply because they're statistically less likely to succeed. The Southern Poverty Law Center did a study where they sent out resumes that were identical other than the names, half had a stereotypically black name and the other had a white name. The white name got over double the responses. Either the HR people were all horribly racist, or they really thought the white guy had a better chance of being a good employee.
Allow me to counter that without assassinating the source of your later quoted studies:
None of those studies control for economic factors in any way whatsoever. This is partly because issues of this kind are effectively impossible to control for all confounders, most particularly for issues regarding naming. For example, how would you control for the fact that people at or below the poverty line are more likely to adjust the spelling of their child's names from societal norms, whereas those of advanced economic brackets are not? Don't even get me started on Orangelo and Lemongelo.
Excuse me for not being as enthusiastic about hiring Stefanye as I am about Stephanie. It isn't about race, it's about economics.
Unless you have some study that controlled for socio-economic factors in a randomized, double-blinded prospective experiment?
Every entity that manages risk make decisions based on arbitrary factors simply because the statistics bear them out, even if there's no direct causal relationship. Insurance does it, HR does it. Why do you think banks would be any different?[/quote]
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