A PSO-based ensemble model for peer-to-peer credit scoring

Chaoqun Wang, Raymond Chiong, Yuan Chen, Zhongyi Hu, Sandeep Dhakal, Yukun Bao

Research output: Chapter in Book or Report/Conference proceedingConference Proceedingpeer-review

3 Citations (Scopus)

Abstract

We propose a multi-classifier ensemble model based on particle swarm optimization (PSO) for the evaluation of personal credit risk in peer-to-peer (P2P) lending platforms. In the proposed method, we consider the differences and complementarity of the base classifiers' performance and use PSO to optimize their weights. Experimental results show that our proposed P2P personal credit scoring model outperforms both single and other benchmark ensemble models. Among the examined model variants, the ensemble model based on PSO with 100 particles is the best.

Original languageEnglish
Title of host publicationICNC-FSKD 2018 - 14th International Conference on Natural Computation, Fuzzy Systems and Knowledge Discovery
EditorsZheng Xiao, Lipo Wang, Guoqing Xiao, Xiong Ning, Kenli Li, Maozhen Li
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages412-418
Number of pages7
ISBN (Electronic)9781538680971
DOIs
Publication statusPublished - 2 Jul 2018
Externally publishedYes
Event14th International Conference on Natural Computation, Fuzzy Systems and Knowledge Discovery, ICNC-FSKD 2018 - Huangshan, Anhui, China
Duration: 28 Jul 201830 Jul 2018

Publication series

NameICNC-FSKD 2018 - 14th International Conference on Natural Computation, Fuzzy Systems and Knowledge Discovery

Conference

Conference14th International Conference on Natural Computation, Fuzzy Systems and Knowledge Discovery, ICNC-FSKD 2018
Country/TerritoryChina
CityHuangshan, Anhui
Period28/07/1830/07/18

Keywords

  • Credit Scoring
  • Ensemble Models
  • P2P Online Lending
  • Particle Swarm Optimization

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