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AI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring Systems

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Resumo:The increasing use of AI-driven credit scoring systems by financial institutions has raised critical concerns about fairness, particularly for low-income consumers. These systems often rely on historical data, which can perpetuate existing biases and exacerbate financial inequalities. This study addresses the gap in the literature by investigating how AI-driven credit scoring influences consumer perceptions, focusing on key factors such as fairness, discrimination, trust, and privacy. Using a quantitative experimental survey design, this research compares consumer responses to credit decisions made by AI systems versus human agents. The findings revealed significant differences in perceptions, with AI systems potentially viewed as more objective but less trustworthy. Insights from this study contribute to reducing bias and improving consumer trust in AI-driven credit systems, offering practical recommendations for financial institutions seeking to create fairer and more inclusive financial environments.
Autores principais:Ramos, Francisco José Aça de Matos Nogueira dos
Assunto:Artificial Intelligence Credit Scoring Systems Human Decision-Making Consumer Perceptions Trust Fairness Discrimination SDG 8 - Decent work and economic growth SDG 10 - Reduced inequalities SDG 16 - Peace, justice and strong institutions
Ano:2025
País:Portugal
Tipo de documento:dissertação de mestrado
Tipo de acesso:acesso aberto
Instituição associada:Universidade Nova de Lisboa
Idioma:inglês
Origem:Repositório Institucional da UNL
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author Ramos, Francisco José Aça de Matos Nogueira dos
author_facet Ramos, Francisco José Aça de Matos Nogueira dos
author_role author
contributor_name_str_mv Rohden, Simoni Fernanda
RUN
country_str PT
creators_json_txt [{\"Person.name\":\"Ramos, Francisco José Aça de Matos Nogueira dos\"}]
datacite.contributors.contributor.contributorName.fl_str_mv Rohden, Simoni Fernanda
RUN
datacite.creators.creator.creatorName.fl_str_mv Ramos, Francisco José Aça de Matos Nogueira dos
datacite.date.Accepted.fl_str_mv 2025-10-27T00:00:00Z
datacite.date.available.fl_str_mv 2025-11-06T09:35:22Z
datacite.date.embargoed.fl_str_mv 2025-11-06T09:35:22Z
datacite.rights.fl_str_mv http://purl.org/coar/access_right/c_abf2
datacite.subjects.subject.fl_str_mv Artificial Intelligence
Credit Scoring Systems
Human Decision-Making
Consumer Perceptions
Trust
Fairness
Discrimination
SDG 8 - Decent work and economic growth
SDG 10 - Reduced inequalities
SDG 16 - Peace, justice and strong institutions
datacite.titles.title.fl_str_mv AI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring Systems
dc.contributor.none.fl_str_mv Rohden, Simoni Fernanda
RUN
dc.creator.none.fl_str_mv Ramos, Francisco José Aça de Matos Nogueira dos
dc.date.Accepted.fl_str_mv 2025-10-27T00:00:00Z
dc.date.available.fl_str_mv 2025-11-06T09:35:22Z
dc.date.embargoed.fl_str_mv 2025-11-06T09:35:22Z
dc.format.none.fl_str_mv application/pdf
dc.identifier.none.fl_str_mv http://hdl.handle.net/10362/190174
dc.language.none.fl_str_mv eng
dc.rights.cclincense.fl_str_mv http://creativecommons.org/licenses/by/4.0/
dc.rights.none.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.subject.none.fl_str_mv Artificial Intelligence
Credit Scoring Systems
Human Decision-Making
Consumer Perceptions
Trust
Fairness
Discrimination
SDG 8 - Decent work and economic growth
SDG 10 - Reduced inequalities
SDG 16 - Peace, justice and strong institutions
dc.title.fl_str_mv AI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring Systems
dc.type.none.fl_str_mv http://purl.org/coar/resource_type/c_bdcc
description The increasing use of AI-driven credit scoring systems by financial institutions has raised critical concerns about fairness, particularly for low-income consumers. These systems often rely on historical data, which can perpetuate existing biases and exacerbate financial inequalities. This study addresses the gap in the literature by investigating how AI-driven credit scoring influences consumer perceptions, focusing on key factors such as fairness, discrimination, trust, and privacy. Using a quantitative experimental survey design, this research compares consumer responses to credit decisions made by AI systems versus human agents. The findings revealed significant differences in perceptions, with AI systems potentially viewed as more objective but less trustworthy. Insights from this study contribute to reducing bias and improving consumer trust in AI-driven credit systems, offering practical recommendations for financial institutions seeking to create fairer and more inclusive financial environments.
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institution Universidade Nova de Lisboa
instname_str Universidade Nova de Lisboa
language eng
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network_name_str Repositório Institucional da UNL
oai_identifier_str oai:run.unl.pt:10362/190174
organization_str_mv urn:organizationAcronym:unl
person_str_mv Ramos, Francisco José Aça de Matos Nogueira dos
publishDate 2025
reponame_str Repositório Institucional da UNL
repository_id_str urn:repositoryAcronym:run
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spelling engpt_PTThe increasing use of AI-driven credit scoring systems by financial institutions has raised critical concerns about fairness, particularly for low-income consumers. These systems often rely on historical data, which can perpetuate existing biases and exacerbate financial inequalities. This study addresses the gap in the literature by investigating how AI-driven credit scoring influences consumer perceptions, focusing on key factors such as fairness, discrimination, trust, and privacy. Using a quantitative experimental survey design, this research compares consumer responses to credit decisions made by AI systems versus human agents. The findings revealed significant differences in perceptions, with AI systems potentially viewed as more objective but less trustworthy. Insights from this study contribute to reducing bias and improving consumer trust in AI-driven credit systems, offering practical recommendations for financial institutions seeking to create fairer and more inclusive financial environments.application/pdfpt_PTAI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring SystemsRamos, Francisco José Aça de Matos Nogueira dosRohden, Simoni FernandaHostingInstitutionOrganizationalRUNe-mailmailto:run@unl.ptrun@unl.ptURNurn:tid:2040740452025-11-06T09:35:22Z2025-10-272025-10-27T00:00:00ZHandlehttp://hdl.handle.net/10362/190174http://purl.org/coar/access_right/c_abf2open accessArtificial IntelligenceCredit Scoring SystemsHuman Decision-MakingConsumer PerceptionsTrustFairnessDiscriminationSDG 8 - Decent work and economic growthSDG 10 - Reduced inequalitiesSDG 16 - Peace, justice and strong institutions5742379 bytesliteraturehttp://purl.org/coar/resource_type/c_bdccmaster thesis2025-10-27http://creativecommons.org/licenses/by/4.0/http://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://run.unl.pt/bitstreams/22f9ad68-adaf-4ece-aa42-f93703ff20e9/download
spellingShingle AI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring Systems
Ramos, Francisco José Aça de Matos Nogueira dos
Artificial Intelligence
Credit Scoring Systems
Human Decision-Making
Consumer Perceptions
Trust
Fairness
Discrimination
SDG 8 - Decent work and economic growth
SDG 10 - Reduced inequalities
SDG 16 - Peace, justice and strong institutions
status SINGLETON
subject.fl_str_mv Artificial Intelligence
Credit Scoring Systems
Human Decision-Making
Consumer Perceptions
Trust
Fairness
Discrimination
SDG 8 - Decent work and economic growth
SDG 10 - Reduced inequalities
SDG 16 - Peace, justice and strong institutions
title AI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring Systems
title_full AI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring Systems
title_fullStr AI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring Systems
title_full_unstemmed AI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring Systems
title_short AI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring Systems
title_sort AI vs. Human Credit Scoring: How Consumer Perceptions of Fairness, Discrimination, and Trust Shape Willingness to Use Credit Scoring Systems
topic Artificial Intelligence
Credit Scoring Systems
Human Decision-Making
Consumer Perceptions
Trust
Fairness
Discrimination
SDG 8 - Decent work and economic growth
SDG 10 - Reduced inequalities
SDG 16 - Peace, justice and strong institutions
topic_facet Artificial Intelligence
Credit Scoring Systems
Human Decision-Making
Consumer Perceptions
Trust
Fairness
Discrimination
SDG 8 - Decent work and economic growth
SDG 10 - Reduced inequalities
SDG 16 - Peace, justice and strong institutions
url http://hdl.handle.net/10362/190174
visible 1