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The local government Social Credit System experiments are focused more on the construction of transparent rule-based systems, in contrast with the rating systems used in the commercial pilots. Citizens often begin with an initial score, to which points are added or deducted depending on their actions.
The scoring system has also been studied as a form of classification to shape an individual's life-chances—a form of economic inequality. [62] The classification scheme is necessitated by the loss of collective social services and risk. [63] The credit scoring system in the United States is similar to the Social Credit System in China. [64]
A social scoring function maps each candidate to a number representing their quality. For example, the standard social scoring function for first-preference plurality is the total number of voters who rank a candidate first. Every social ordering can be made into a choice function by considering only the highest-ranked outcome.
Credit scoring systems are seen as scheme to classify individuals creditworthiness necessitated by the loss of these collective social services. [11] [13] The credit scoring system in the United States has been compared to, and was the inspiration for, the Social Credit System in China. [14] [15]
Social credit is a distributive philosophy of political economy developed in ... Every time a unit of purchasing power passes through the costing system it creates a ...
In Australia, credit scoring is widely accepted as the primary method of assessing creditworthiness. Credit scoring is used not only to determine whether credit should be approved to an applicant, but for credit scoring in the setting of credit limits on credit or store cards, in behavioral modelling such as collections scoring, and also in the pre-approval of additional credit to a company's ...
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The NRS social grades are a system of demographic classification used in the United Kingdom. They were originally developed by the National Readership Survey (NRS) to classify readers, but have since been used by many other organisations for wider applications and have become a standard for market research. [ 1 ]