In regulated domains such as finance, a model that cannot be explained cannot be deployed, yet many interpretable classifiers defeat their own purpose by producing formulas with dozens of features that no regulator could read. We take the reverse direction. Starting from an interpretable classifier expressed as a single equation over the input features, we progressively simplify it into more readable forms, including a pruned monomial, a directional if--then rule, and the integer scorecards and tallies that finance already deploys. Because the equation is itself the predictive model rather than a post-hoc explanation we can directly quantify what is lost under each simplification. Across four financial datasets, we find that pruning is nearly free and that fidelity can erode faster than predictive performance, allowing simpler rules to remain effective classifiers without faithfully reproducing the original model. A human assessment shows that simplification improves perceived readability, while preferences for different representations vary by professional background. Beyond measuring these losses empirically, we show that some can be anticipated from the original model: we derive a bound on the change caused by pruning and predict how faithfully a rule retaining only the direction of each feature's effect preserves the original ranking.
Tree ensembles are widely used in industrial machine learning due to their strong predictive performance and efficient training procedures. However, as the number of trees in an ensemble grows, the resulting models become increasingly difficult for humans to interpret. To address this limitation, explainable artificial intelligence (XAI) studies methods that generate interpretable models capable of explaining complex predictors. One approach consists of extracting decision rules from tree ensembles while attempting to preserve the predictive performance of the original model. In previous work, we introduced RuleCOSI+, a greedy heuristic algorithm for extracting compact rule-based models from tree ensembles. Although RuleCOSI+ produces accurate and interpretable rule sets, it relies on repeated empirical frequency counting over the training data to estimate rule confidence, which becomes computationally expensive for large datasets. In this paper, we propose RCProb, a probabilistic reformulation of RuleCOSI+ designed to reduce the computational cost of rule extraction. RCProb estimates rule statistics using Dirichlet-smoothed class priors and Beta-smoothed condition likelihoods combined through a Naive Bayes formulation, avoiding repeated dataset scans. Experiments on 33 benchmark datasets show that RCProb maintains competitive predictive performance while reducing runtime by approximately $22\times$ compared with RuleCOSI+, while producing more compact rule sets on average.