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(Replaced content with " ==Big data surprises== [http://online.wsj.com/news/articles/SB10001424052702303369904579423132072969654 Big data uncovers Some weird correlations]<br> by By Deborah Gage ...") |
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==Big data surprises== | ==Big data surprises== | ||
[http://online.wsj.com/news/articles/SB10001424052702303369904579423132072969654 Big data uncovers | [http://online.wsj.com/news/articles/SB10001424052702303369904579423132072969654 Big data uncovers some weird correlations]<br> | ||
by By Deborah Gage , ''Wall Street Journal'', 23 March 2014 | by By Deborah Gage , ''Wall Street Journal'', 23 March 2014 | ||
Here is one example excerpted from the article: | |||
<blockquote> | |||
''The Human Factor'' | |||
<br><br> | |||
The online lender ZestFinance Inc. found that people who fill out their loan applications using all capital letters default more often than people who use all lowercase letters, and more often still than people who use uppercase and lowercase letters correctly. | |||
<br><br> | |||
ZestFinance Chief Executive Douglas Merrill says the company looks at tens of thousands of signals when making a loan, and it doesn't consider the capital-letter factor as significant as some other factors—such as income when linked with expenses and the local cost of living. | |||
<br><br> | |||
So while it may take capital letters into consideration when evaluating an application, it hasn't held a loan up because of it. | |||
</blockquote> | |||
Submitted by Paul Alper | Submitted by Paul Alper |
Revision as of 23:54, 20 April 2014
Big data surprises
Big data uncovers some weird correlations
by By Deborah Gage , Wall Street Journal, 23 March 2014
Here is one example excerpted from the article:
The Human Factor
The online lender ZestFinance Inc. found that people who fill out their loan applications using all capital letters default more often than people who use all lowercase letters, and more often still than people who use uppercase and lowercase letters correctly.
ZestFinance Chief Executive Douglas Merrill says the company looks at tens of thousands of signals when making a loan, and it doesn't consider the capital-letter factor as significant as some other factors—such as income when linked with expenses and the local cost of living.
So while it may take capital letters into consideration when evaluating an application, it hasn't held a loan up because of it.
Submitted by Paul Alper