no code implementations • 23 Apr 2024 • Zhuoyuan Wang, Haoming Jing, Christian Kurniawan, Albert Chern, Yorie Nakahira
When the target probability is defined using long-term trajectories, this technique can be used to design myopic conditions/controllers with assured long-term safe probability.
no code implementations • 26 Jul 2022 • Christian Kurniawan, Xiyu Deng, Adhiraj Chakraborty, Assane Gueye, Niangjun Chen, Yorie Nakahira
Although many methods in regular finance can estimate credit scores and default probabilities, these methods are not directly applicable to microfinance due to the following unique characteristics: a) under-explored (developing) areas such as rural Africa do not have sufficient prior loan data for microfinance institutions (MFIs) to establish a credit scoring system; b) microfinance applicants may have difficulty providing sufficient information for MFIs to accurately predict default probabilities; and c) many MFIs use group liability (instead of collateral) to secure repayment.