A locally-built, LLM-digested index of recent arXiv papers in quant finance, geometry/topology, and statistical ML — keyword search served straight from SQLite on this machine.
AI framework for automated policy-making connects with econometrics and social choice.
New method discovers context effects in choice data.
In this study, the authors develop a structural model that combines a macro diffusion model with a micro choice model to control for the effect of social influence on the mobile app choices of customers over app stores. Social influence refers to the density of adopters within the proximity of other customers. Using a …
We study a networked version of the minority game in which agents can choose to follow the choices made by a neighbouring agent in a social network. We show that for a wide variety of networks a leadership structure always emerges, with most agents following the choice made by a few agents. We find a suitable parameter…
RLHF performs well despite violating social choice theory axioms.
Deviation-based learning improves recommender systems by abstaining from recommending choices users might follow.
We investigate a class of binary choice models with social interactions. We propose a unifying perspective that integrates economic models using a utility function and psychological models using an impact function. A general approach for analyzing the equilibrium structure of these models within mean-field approximatio…
The data scarcity of user preferences and the cold-start problem often appear in real-world applications and limit the recommendation accuracy of collaborative filtering strategies. Leveraging the selections of social friends and foes can efficiently face both problems. In this study, we propose a strategy that perform…
We solve the multi-criteria benchmarking problem by formalizing it as a social choice problem and identifying conditions for meaningful rankings.
There is a growing need for discrete choice models that account for the complex nature of human choices, escaping traditional behavioral assumptions such as the transitivity of pairwise preferences. Recently, several parametric models of intransitive comparisons have been proposed, but in all cases the maximum likeliho…
Unified approach to aggregating models and preferences.
Two approaches integrate qualitative views into portfolio optimization, showing aggregation methods outperform robust optimization.
In this paper the introduction of notion of reference vector paves the way for a combination of classical and social approaches in the framework of referential preferences given by matrix groups. It is shown that individual demand issue from rational decision does not depend on that reference.
The paper analyzes frameworks for integrating sustainability into investment decisions.
We propose a generic model for multiple choice situations in the presence of herding and compare it with recent empirical results from a Web-based music market experiment. The model predicts a phase transition between a weak imitation phase and a strong imitation, `fashion' phase, where choices are driven by peer press…
Study highlights fairness issues in travel behavior prediction models.
New study finds targeting based on treatment effects outperforms risk-based targeting in social interventions.
Response time improves alignment with diverse human preferences.
The possible impact of algorithmic recommendation on the autonomy and free choice of Internet users is being increasingly discussed, especially in terms of the rendering of information and the structuring of interactions. This paper aims at reviewing and framing this issue along a double dichotomy. The first one addres…
We present an active learning architecture that allows a robot to actively learn which data collection strategy is most efficient for acquiring motor skills to achieve multiple outcomes, and generalise over its experience to achieve new outcomes. The robot explores its environment both via interactive learning and goal…
Now that machine learning algorithms lie at the center of many resource allocation pipelines, computer scientists have been unwittingly cast as partial social planners. Given this state of affairs, important questions follow. What is the relationship between fairness as defined by computer scientists and notions of soc…
With the proliferation of social media, fashion inspired from celebrities, reputed designers as well as fashion influencers has shortened the cycle of fashion design and manufacturing. However, with the explosion of fashion related content and large number of user generated fashion photos, it is an arduous task for fas…
Studies across many disciplines have shown that lexical choice can affect audience perception. For example, how users describe themselves in a social media profile can affect their perceived socio-economic status. However, we lack general methods for estimating the causal effect of lexical choice on the perception of a…
Bayesian approach learns causal concepts from diverse social surveys.
New statistical models for predicting ranked preferences from partial orders.
In this paper we introduce two models of opinion dynamics in oligopoly markets and apply them to a situation, where a new entrant challenges two incumbents of the same size. The models differ in the way the two forces influencing consumer choice -- (local) social interactions and (global) advertising -- interact. We st…
The adoption of automated, data-driven decision making in an ever expanding range of applications has raised concerns about its potential unfairness towards certain social groups. In this context, a number of recent studies have focused on defining, detecting, and removing unfairness from data-driven decision systems. …
We consider a group of mean-variance investors with mimicking desire such that each investor is willing to penalize deviations of his portfolio composition from compositions of other group members. Penalizing norm constraints are already applied for statistical improvement of Markowitz portfolio procedure in order to c…
New algorithm ensures fairness without sacrificing accuracy.
A new method reduces preference distortion in LLM alignment.
We analyze a model of learning and belief formation in networks in which agents follow Bayes rule yet they do not recall their history of past observations and cannot reason about how other agents' beliefs are formed. They do so by making rational inferences about their observations which include a sequence of independ…
Random utility theory models an agent's preferences on alternatives by drawing a real-valued score on each alternative (typically independently) from a parameterized distribution, and then ranking the alternatives according to scores. A special case that has received significant attention is the Plackett-Luce model, fo…
PHASE dataset simulates complex social interactions in physical environments.
Fuzzy Forests reduces feature space in high-dimensional survey data.
Reciprocating interactions represent a central feature of all human exchanges. They have been the target of various recent experiments, with healthy participants and psychiatric populations engaging as dyads in multi-round exchanges such as a repeated trust task. Behaviour in such exchanges involves complexities relate…
Social media enhances or diminishes scientific status, depending on usage.
In this paper, we propose a unified framework and an algorithm for the problem of group recommendation where a fixed number of items or alternatives can be recommended to a group of users. The problem of group recommendation arises naturally in many real world contexts, and is closely related to the budgeted social cho…
Social learning can make financial markets inefficient, but individual learning can fix this.
SINN combines social science and deep learning for predicting opinion dynamics.
Optimizes social interactions for profit, people, and planet using mathematical models.
Social recommendation has emerged to leverage social connections among users for predicting users' unknown preferences, which could alleviate the data sparsity issue in collaborative filtering based recommendation. Early approaches relied on utilizing each user's first-order social neighbors' interests for better user …
Model predicts increased social unrest during COVID-19 using social media data.
Enhances traditional MV model for socially responsible investors.
The rise in online social networking has brought about a revolution in social relations. However, its effects on offline interactions and its implications for collective well-being are still not clear and are under-investigated. We study the ecology of online and offline interaction in an evolutionary game framework wh…
Whenever customers' choices (e.g. to buy or not a given good) depend on others choices (cases coined 'positive externalities' or 'bandwagon effect' in the economic literature), the demand may be multiply valued: for a same posted price, there is either a small number of buyers, or a large one -- in which case one says …
Algorithm improves learning by integrating diverse agents' behaviors.
Events are happening in real-world and real-time, which can be planned and organized occasions involving multiple people and objects. Social media platforms publish a lot of text messages containing public events with comprehensive topics. However, mining social events is challenging due to the heterogeneous event elem…
SBO uses dual voting to build consensus in noisy feedback settings.