Computer-implemented risk evaluation systems and methods
First Claim
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1. A computer-implemented system for evaluating risks associated with alternative strategies for assessing an entity with respect to a predetermined objective, comprising:
- an action table;
wherein the action table contains a plurality of possible actions that can be taken with respect to the predetermined objective for various entity profiles;
wherein the action table contains an action for each entity profile;
one or more statistical data stores that are configured to contain risk amounts associated with each entity profile;
wherein the one or more statistical data stores are configured to contain inferred percentage distribution of applicants associated with each entity profile;
one or more profile identification data stores;
wherein a profile identification data store contains entity identification information for use in determining an action for the entity;
wherein an action is determined for the entity by comparing characteristics associated with the entity with characteristics associated with the entity profiles contained in the action table;
one or more improvement data stores;
wherein an improvement data store provides an indication in the improvement in risk based upon a change in one or more characteristics for an entity profile;
one or more protected class data stores;
wherein a protected class data store provides an indication of the impact of a policy change on a particular protected class, both with respect to the approval, collection, or promotion decision and relative to one or more characteristics, or combinations of characteristics, for an entity profile.
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Abstract
Computer-implemented systems and methods are disclosed herein that relate to processes, which construct an empirically derived and statistically based risk evaluation and policy formulation system. For example, a process can be configured so as to accept as input an information base in computer readable form and produce either a single or multistage system composed of alternative decision making strategies.
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Citations
35 Claims
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1. A computer-implemented system for evaluating risks associated with alternative strategies for assessing an entity with respect to a predetermined objective, comprising:
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an action table; wherein the action table contains a plurality of possible actions that can be taken with respect to the predetermined objective for various entity profiles; wherein the action table contains an action for each entity profile;
one or more statistical data stores that are configured to contain risk amounts associated with each entity profile;wherein the one or more statistical data stores are configured to contain inferred percentage distribution of applicants associated with each entity profile; one or more profile identification data stores; wherein a profile identification data store contains entity identification information for use in determining an action for the entity; wherein an action is determined for the entity by comparing characteristics associated with the entity with characteristics associated with the entity profiles contained in the action table; one or more improvement data stores; wherein an improvement data store provides an indication in the improvement in risk based upon a change in one or more characteristics for an entity profile; one or more protected class data stores; wherein a protected class data store provides an indication of the impact of a policy change on a particular protected class, both with respect to the approval, collection, or promotion decision and relative to one or more characteristics, or combinations of characteristics, for an entity profile. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34)
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35. A computer-implemented method for evaluating risks associated with alternative strategies for assessing an entity with respect to a predetermined objective, comprising:
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determining an action for the entity by comparing characteristics associated with the entity with characteristics associated with entity profiles contained in an action table; wherein the action table contains a plurality of possible actions that can be taken with respect to the predetermined objective for various entity profiles; wherein the action table contains an action for each entity profile; wherein one or more statistical data stores are configured to contain risk amounts associated with each entity profile; wherein the one or more statistical data stores are configured to contain inferred percentage distribution of applicants associated with each entity profile; wherein a profile identification data store contains entity identification information for use in determining an action for the entity; using an improvement data store to provide an indication in the improvement in risk based upon a change in one or more characteristics for an entity profile; and using a protected class data store to provide an indication of the impact of a policy change on a particular protected class, both with respect to the approval, collection, or promotion decision and relative to one or more characteristics, or combinations of characteristics, for an entity profile.
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Specification