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Smiles in Profiles: Improving Fairness and Efficiency Using Estimates of User Preferences in Online Marketplaces / Susan Athey, Dean Karlan, Emil Palikot, Yuan Yuan.

NBER Working papers Available online

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Format:
Book
Author/Creator:
Athey, Susan.
Contributor:
National Bureau of Economic Research.
Karlan, Dean.
Palikot, Emil.
Yuan, .
Series:
Working Paper Series (National Bureau of Economic Research) no. w30633.
NBER working paper series no. w30633
Language:
English
Physical Description:
1 online resource: illustrations (black and white);
Place of Publication:
Cambridge, Mass. National Bureau of Economic Research 2022.
Summary:
Online platforms often face the challenge of being both fair (i.e., non-discriminatory) and efficient (i.e., maximizing revenue). Using computer vision algorithms and observational data from a micro-lending marketplace, we find that the choices that online borrowers make when creating online profiles impact both of these objectives. We further support this finding with a web-based randomized survey experiment. In the experiment, we create profile images using Generative Adversarial Networks that differ in a specific feature and estimate the impact of the feature on lender demand. We then evaluate counterfactual platform policies based on the changeable profile features, and identify approaches that can ameliorate the fairness-efficiency tension.
Notes:
Print version record
November 2022.

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