Social sensing has emerged as a new sensing paradigm where humans (or devices on their behalf) collectively report measurements about the physical world. This paper focuses on a quality-cost-aware task allocation problem in multi-attribute social sensing applications. The goal is to identify a task allocation strategy …
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48 results for “social cost”
Subsidized insurance reduces poverty by providing social benefits and lowering government costs.
problem Reducing poverty through effective social protection mechanisms.
method Modeling household capital dynamics under four insurance frameworks (uninsured, insured, insured with subsidies, insured with flexible premiums) to assess poverty reduction and governmental costs.
result Subsidized insurance schemes provide maximum social benefits while reducing governmental costs, effectively reducing poverty.
New framework for online influencer selection considering cost constraints.
problem Real-world social advertising budget limitations and cost variability of influencers.
method Introduces a budgeted framework for online influence maximization using an algorithm with semi-bandit feedback.
result Improves the state of the art regret bound for cardinality constraint setting.
Study optimizes CT and microinsurance for efficient social protection in low-income countries.
problem Efficient targeting of cash transfers to reduce social protection costs in low-income countries.
method Modelled household capital dynamics using piecewise-deterministic Markov process, derived HJB equation for optimal injection, used dynamic programming.
result Optimal level of capital injection above poverty threshold for cost-effective social protection.
Study compares two market clearing methods for European power markets.
problem Optimizing market clearing for European power markets considering cost and social welfare.
method Introduces Cost Minimization and Social Welfare Maximization models, and four algorithms to solve the CM model.
result Cost Minimization reduces market power and decreases total procurement cost.
Consequential decision-making typically incentivizes individuals to behave strategically, tailoring their behavior to the specifics of the decision rule. A long line of work has therefore sought to counteract strategic behavior by designing more conservative decision boundaries in an effort to increase robustness to th…
New analysis shows rational actors will deploy AGI despite negative social value due to catastrophic risk.
problem Rational actors will deploy AGI despite negative social value due to shared catastrophic risk.
method Continuous-time preemption game with shared catastrophic externalities, showing suicide region and welfare distortion.
result The suicide region widens as catastrophic risk grows, and two mechanisms can close it.
Deciding effective and timely preventive measures against complex social problems affecting relatively low income geographies is a difficult challenge. There is a strong need to adopt intelligent automation based solutions with low cost imprints to tackle these problems at larger scales. Starting with the hypothesis th…
Spatially-sparse predictors are good models for brain decoding: they give accurate predictions and their weight maps are interpretable as they focus on a small number of regions. However, the state of the art, based on total variation or graph-net, is computationally costly. Here we introduce sparsity in the local neig…
Since the events of the Arab Spring, there has been increased interest in using social media to anticipate social unrest. While efforts have been made toward automated unrest prediction, we focus on filtering the vast volume of tweets to identify tweets relevant to unrest, which can be provided to downstream users for …
Study shows social media impacts shareholder returns on ESG risks.
problem Investor sentiment and public opinion on ESG risks.
method Event study design using social media data.
result Statistically significant reduction in abnormal returns after ESG-risk events.
Formulates LGFO to measure fair ML systems using legal signals.
problem Formally incompatible measures of unfairness in ML systems.
method Uses legal signals to measure social cost of unfairness.
result LGFO aligns with societal view of unfairness.
Social media are nowadays one of the main news sources for millions of people around the globe due to their low cost, easy access and rapid dissemination. This however comes at the cost of dubious trustworthiness and significant risk of exposure to 'fake news', intentionally written to mislead the readers. Automaticall…
A commonly expressed concern about the rise of the peer-to-peer rental market Airbnb is that hosts---those renting out their properties---impose costs on their unwitting neighbors. I consider the question of whether apartment building owners will, in a competitive rental market, set a building-specific Airbnb hosting p…
Study allocates resources to strategic agents while balancing cost and incentives.
problem Dynamic allocation of reusable resources to strategic agents with private valuations under long-term cost constraints.
method Incentive-aware framework combining epoch-based lazy updates and randomized exploration rounds.
result Achieves social welfare regret, satisfies all cost constraints, and ensures incentive alignment.
Germany's tax admin costs likely exceed 20% of total revenue, requiring system improvement.
problem High tax administrative costs in Germany and other jurisdictions.
method Statistical data, surveys, and a novel approach to measure total administrative cost as a percentage of total tax revenue.
result Germany's 2021 tax administrative costs likely exceeded 20% of total tax revenue.
Informal settlements are home to the most socially and economically vulnerable people on the planet. In order to deliver effective economic and social aid, non-government organizations (NGOs), such as the United Nations Children's Fund (UNICEF), require detailed maps of the locations of informal settlements. However, d…
New algorithm for federated learning without a central server.
problem Federated learning in unidirectional trust social networks.
method Central Server Free Federated Learning (OPS) method.
result Users can benefit from communication with trusted users in federated learning.
Proposes a model to incentivize exploration in web platforms with payments.
problem Learning and social welfare goals of web platforms with myopic users.
method Contextual bandit model with payments to incentivize exploration.
result Achieves sublinear regret while maximizing cumulative social welfare.
We study the inverse optimal control problem in social sciences: we aim at learning a user's true cost function from the observed temporal behavior. In contrast to traditional phenomenological works that aim to learn a generative model to fit the behavioral data, we propose a novel variational principle and treat user …
When consequential decisions are informed by algorithmic input, individuals may feel compelled to alter their behavior in order to gain a system's approval. Models of agent responsiveness, termed "strategic manipulation," analyze the interaction between a learner and agents in a world where all agents are equally able …
BERT improved for propaganda detection with imbalanced, dissimilar data.
problem BERT struggles with dissimilar imbalanced datasets in propaganda detection.
method Cost-sensitive BERT with dissimilarity measure for imbalanced, dissimilar datasets.
result Achieved second-highest score on sentence-level propaganda classification.
Human behavioural patterns exhibit selfish or competitive, as well as selfless or altruistic tendencies, both of which have demonstrable effects on human social and economic activity. In behavioural economics, such effects have traditionally been illustrated experimentally via simple games like the dictator and ultimat…
Analysis of opinion dynamics in social networks plays an important role in today's life. For applications such as predicting users' political preference, it is particularly important to be able to analyze the dynamics of competing opinions. While observing the evolution of polar opinions of a social network's users ove…
New mechanism designs regulate herding in financial markets.
problem Herding causes irrational market decisions and volatility.
method A trilateral game framework based on optimal control theory.
result Effective mechanisms improve social welfare.
Defines an implied CO2-price to cover climate change costs, finding it significantly higher than the SCC.
problem The social cost of carbon (SCC) does not fully cover climate change costs.
method Defines an implied CO2-price as a 'polluter pays principle' and calculates its value using a DICE model.
result The cost-implied CO2 price is around 500/tCO2 for SCC.
Fine-tuned open-source LLMs match or exceed closed-source models in social science research.
problem Limited scalability and high costs of large LLMs in social science research.
method Fine-tuning open-source models for specific tasks, exploring training set size effects, proposing hybrid workflow.
result Small, fine-tuned open-source LLMs achieve equal or superior performance to commercial alternatives.
Depression is one of the most common mental health disorders, and a large number of depressed people commit suicide each year. Potential depression sufferers usually do not consult psychological doctors because they feel ashamed or are unaware of any depression, which may result in severe delay of diagnosis and treatme…
A brisk building boom of hydropower mega-dams is underway from China to Brazil. Whether benefits of new dams will outweigh costs remains unresolved despite contentious debates. We investigate this question with the "outside view" or "reference class forecasting" based on literature on decision-making under uncertainty …
Study uses social network data to analyze regional inflation trends.
problem Analyzing inflation trends using social media data.
method BERT neural networks for identifying pro-inflationary and disinflationary keywords.
result Models can visualize and classify inflationary keywords in different contexts.
New methods solve graph sparsity optimization problems faster.
problem Complex graph sparsity optimization problems in disease outbreak monitoring and social network analysis.
method Stochastic variance-reduced gradient-based methods GraphSVRG-IHT and GraphSCSG-IHT.
result Our methods achieve linear convergence speed.
Statistical test evaluates if personalizing interventions is cost-effective.
problem Balancing the benefits of personalizing interventions with their potential costs.
method Developed a statistical hypothesis test to assess the performance of personalized interventions.
result The test shows that personalized interventions can outperform standard approaches under certain conditions.
Lambda Learner improves model freshness in data streams.
problem Balancing model freshness and computational costs in data streams.
method Incremental updates in response to mini-batches from data streams.
result Lambda Learner outperforms offline models in time-sensitive updates.
Bitcoin price prediction models fail to outperform a simple 'today's price' baseline, especially at longer horizons.
problem Lack of robust models that consistently outperform a naive price predictor at various horizons.
method Surveyed peer-reviewed papers, categorized by evaluation methodology, contrasted with social media discourse, and proposed methodological standards.
result No peer-reviewed study has shown robust superiority over the naive baseline across multiple market regimes at short-to-medium horizons.
Artificial Intelligence for Diabetes Case Management: The Intersection of Physical and Mental Healthq-bio.QM
Diabetes is a major public health problem in the United States, affecting roughly 30 million people. Diabetes complications, along with the mental health comorbidities that often co-occur with them, are major drivers of high healthcare costs, poor outcomes, and reduced treatment adherence in diabetes. Here, we evaluate…
Study finds Aave token network has core-periphery structure, with high decentralization predicting better returns.
problem Understanding the actual decentralization in DeFi token transactions on the Ethereum blockchain.
method Applied social network analysis to measure decentralization in Aave token transactions.
result A more decentralized Aave token network predicts higher returns and lower volatility.
The well-known theorem of Dybvig, Ingersoll and Ross shows that the long zero-coupon rate can never fall. This result, which, although undoubtedly correct, has been regarded by many as surprising, stems from the implicit assumption that the long-term discount function has an exponential tail. We revisit the problem in …
Fair k-means algorithm ensures equitable costs for different groups.
problem K-means clustering can result in biased outcomes for subgroups of data.
method Presented a fair k-means objective and algorithm (Fair-Lloyd) to choose cluster centers that provide equitable costs for different groups.
result Fair-Lloyd algorithm ensures all groups have equal costs in the output k-clustering, with negligible increase in running time.
The importance of the global financial system cannot be exaggerated. When a large financial institution becomes problematic and is bailed out, that bank is often claimed as "too big to fail". On the other hand, to prevent bank's failure, regulatory authorities adopt the Prompt Corrective Action (PCA) against a bank tha…
The negative externalities from an individual bank failure to the whole system can be huge. One of the key purposes of bank regulation is to internalize the social costs of potential bank failures via capital charges. This study proposes a method to evaluate and allocate the systemic risk to different countries/regions…
We study the problem of adaptive control of a high dimensional linear quadratic (LQ) system. Previous work established the asymptotic convergence to an optimal controller for various adaptive control schemes. More recently, for the average cost LQ problem, a regret bound of was shown, apart form logarit…
Urban transformations within large and growing metropolitan areas often generate critical dynamics affecting social interactions, transport connectivity and income flow distribution. We develop a statistical-mechanical model of urban transformations, exemplified for Greater Sydney, and derive a thermodynamic descriptio…
The aim of this paper is to develop a general framework for training neural networks (NNs) in a distributed environment, where training data is partitioned over a set of agents that communicate with each other through a sparse, possibly time-varying, connectivity pattern. In such distributed scenario, the training prob…
Efficient graph neural networks for large graphs without sampling.
problem Efficiently learning from large graphs like social networks.
method Inception graph neural networks using scalable graph convolutional filters.
result Significantly faster training and inference times compared to state-of-the-art methods.
PHASE dataset simulates complex social interactions in physical environments.
problem Lack of datasets for evaluating physically grounded perception of complex social interactions.
method Created PHASE dataset of 2D animations with procedural generation and physics engine.
result SIMPLE model outperforms neural networks in recognizing complex social interactions.
New algorithm reduces high-dimensional data processing costs and achieves true sparsity.
problem High computational costs and difficulty in achieving true sparsity in distributed inference.
method Two-stage distributed best subset selection with oracle property.
result Correctly finds true sparsity pattern and achieves the oracle property.
Proposes a new loss function for better handling mislabeling costs.
problem Handling mislabeling costs in machine learning models.
method Introduces Real-World-Weight Crossentropy loss function.
result Demonstrates improved performance in scenarios of mislabeling.
The availability of data on digital traces is growing to unprecedented sizes, but inferring actionable knowledge from large-scale data is far from being trivial. This is especially important for computational finance, where digital traces of human behavior offer a great potential to drive trading strategies. We contrib…