In recent years, commercial banks have moved toward automated forms of underwriting and away from the judgmental review of loan applications. This paper employs unique bank loan-level data from a scoring lender to assess the impact of different underwriting approaches on applicant outcomes. To determine whether automated underwriting exhibits a potential “disparate impact” across income strata ...

In this paper we are concerned with the location of topics in text processing and the determination of the update unit in looking up topic continuations and topic shifts. Using key elements of the Centering Model of local discourse coherence and empirical evidence from Modern Greek and Japanese we argue that the appropriate update unit for topic tracking is the sentence in its traditional sense...

The e-rater system 1 is an operational automated essay scoring system, developed at Educational Testing Service (ETS). The average agreement between human readers, and between independent human readers and e-rater is approximately 92%. There is much interest in the larger writing community in examining the system’s performance on nonnative speaker essays. This paper focuses on results of a stud...

CONTEXT Constructed-response tasks, which range from short-answer tests to essay questions, are included in assessments of medical knowledge because they allow educators to measure students' ability to think, reason, solve complex problems, communicate and collaborate through their use of writing. However, constructed-response tasks are also costly to administer and challenging to score because...

Research on automated essay scoring (AES) indicates that computer-generated essay ratings are comparable to human ratings. However, despite investigations into the accuracy and reliability of AES scores, less attention has been paid to the feedback delivered to the students. This paper presents a method developers can use to quickly evaluate the usability of an automated feedback system prior t...

Chinese automated essay scoring (CAES) is a very important tool for many educational researches. However, none of the methods for retrieving features in English essays is applicable to Chinese writings because Chinese grammar parsers cannot produce reliable and useful syntactic features. CAES systems must explore other distinct features in Chinese writing. This paper proposes a method for retri...

Writing has been increasingly regarded by the testers of language tests as an important indicator to assess the language skill of testees. As such tests become more and more popular and the number of testees becomes larger, it is a huge task to score so many essays by raters. So far, many methods have been used to solve this problem and the traditional method is Latent Semantic Analysis (LSA). ...