Systems and methods for intelligent generation and assessment of candidate less discriminatory alternative machine learning models

Abstract

A system and method includes obtaining an incumbent model and a candidate model, generating a plurality of synthetic model input datasets, computing, for each synthetic model input dataset, a model performance efficacy metric and a model fairness efficacy metric for the incumbent model based on assessing model output data of the incumbent model that corresponds to each respective synthetic model input dataset of the plurality of synthetic model input datasets, computing, for each synthetic model input dataset, a model performance efficacy metric and a model fairness efficacy metric for the candidate model based on assessing model output data of the candidate model that corresponds to each respective synthetic model input dataset of the plurality of synthetic model input datasets, computing, for the candidate model, a disparity-mitigating model viability score, and displaying, via a graphical user interface, a representation of the candidate model in association with the disparity-mitigating model viability score.