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arXiv research

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.

168,742 papers · 148 categories

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48 results for societal cost

New fair regression method improves fairness in chronic kidney disease classification.

problem Mitigating societal bias in health care for multiple groups.
method Penalized fair regression framework for multiple groups, with penalties for true positive rate disparity.
result Achieves fairness-accuracy frontier beyond existing methods in simulations and real-world data.

A popular approach of achieving fairness in optimization problems is by constraining the solution space to "fair" solutions, which unfortunately typically reduces solution quality. In practice, the ultimate goal is often an aggregate of sub-goals without a unique or best way of combining them or which is otherwise only…

2019-07-11abs ↗pdf ↗

New framework controls statistical dispersion for high-stakes applications.

problem Understanding and controlling the dispersion of loss distributions in high-stakes applications.
method Simple yet flexible framework for distribution-free control of statistical dispersion measures.
result Proposed methods control statistical dispersion measures with societal implications.

PCL framework optimizes climate risk management across three clusters.

problem Comprehensive risk management in response to climate change impacts.
method Optimization of preemptive adaptation, contingent arrangements, and loss acceptance.
result Balanced portfolio of actions across three clusters optimized for long-term aggregate outlay.

A new algorithm for fair decision-making in bandit problems with biased feedback.

problem Fair allocation of resources across sensitive groups in bandit problems with biased feedback.
method Proposes a novel algorithm that learns a societal bias term to mitigate unfairness in multi-armed bandit problems.
result The proposed algorithm achieves a theoretical bound on regret and demonstrates fairness in synthetic and real-world data.

Framework generates precise synthetic populations for scalable modeling.

problem Generating accurate synthetic populations without personal data.
method Constraint-programming framework encoding aggregated statistics and structural relations.
result Exact control of demographic profiles without requiring microdata.

When society maintains a competitive system to promote an abstract goal, competition by necessity relies on imperfect proxy measures. For instance profit is used to measure value to consumers, patient volumes to measure hospital performance, or the Journal Impact Factor to measure scientific value. Here we note that \t…

2018-03-01abs ↗pdf ↗

Proposes a new fairness definition based on equity for machine learning classification.

problem Machine learning systems can perpetuate societal biases.
method Formalizes a new fairness definition based on equity, operationalizes it for classification, and evaluates its effectiveness.
result Demonstrates the effectiveness of the new fairness definition for equitable classification.

New fairness criteria for algorithmic recourse actions that consider causal relationships.

problem Fairness of recourse actions in algorithmic classification.
method Proposes two new fairness criteria at group and individual levels, explicitly accounting for causal relationships.
result Fairness of recourse is complementary to fairness of prediction, and can be enforced by altering the classifier.

Proposes CSRN for better news recommendation by integrating RNN and UserCF.

problem Lack of societal influence in news recommendation.
method Integrates RNN-based sequential recommendation and UserCF, using a directed co-reading network.
result Significantly outperforms state-of-the-art approaches in news recommendation.

This paper explores how decentralized finance mitigates traditional finance's shortcomings.

problem Lack of transparency and moral hazard in centralized finance.
method Analysis of smart contracts and decentralized governance in DeFi.
result DeFi mitigates traditional finance's shortcomings through decentralized governance and smart contracts.

Economies and societal structures in general are complex stochastic systems which may not lend themselves well to algebraic analysis. An addition of subjective value criteria to the mechanics of interacting agents will further complicate analysis. The purpose of this short study is to demonstrate capabilities of agent-…

2018-11-07abs ↗pdf ↗

New method detects long-term structures with internal dynamics in time series data.

problem Identifying patterns across time in data growth.
method Adaptive identification of majority overlaps between groups at different time points.
result Detection of persistent structural elements with internal dynamics.

Notions of "fair classification" that have arisen in computer science generally revolve around equalizing certain statistics across protected groups. This approach has been criticized as ignoring societal issues, including how errors can hurt certain groups disproportionately. We pose a modification of one of the fairn…

2018-06-24abs ↗pdf ↗

This paper defines less discriminatory algorithms and explores their feasibility.

problem Creating algorithms that are less discriminatory while meeting business needs.
method Formal definition of less discriminatory algorithms, evaluation of feasibility, and search for alternatives.
result Formal definitions of less discriminatory algorithms face challenges due to lack of held-out data, necessitating a reliance on reasonableness standards.

The paper analyzes frameworks for integrating sustainability into investment decisions.

problem Understanding how ESG factors influence investment choices.
method Examined and analyzed various theoretical frameworks including Behavioral Finance, Modern Portfolio, and Risk Management.
result Investors increasingly integrate ESG factors to optimize financial outcomes and societal goals.

Study aims to measure and mitigate biases in motor insurance pricing.

problem Ethical biases in motor insurance pricing that affect fairness and regulatory compliance.
method Statistical methodologies and data analysis to measure and mitigate biases.
result Developed tools to measure and mitigate ethical biases in motor insurance pricing.

Unified framework for fair classification with group-blindness/awareness guarantees.

problem Challenges in enforcing fairness and group-blindness in binary classification.
method Unified framework based on post-processing procedure, applicable to various group fairness notions.
result Minimax rate-optimality of the proposed algorithm with controlled excess risk.

Reduces gender classification bias by learning race-invariant face representations.

problem Societal bias in gender recognition systems.
method Adversarially trained autoencoder model to learn race-invariant face representations.
result Achieved a significant drop of over 40% in racial bias surrogate metric with race invariant representations.

Actuaries tackle loss of earning capacity in Denmark, balancing public benefits and private insurance.

problem Balancing public benefits and private insurance for loss of earning capacity in Denmark.
method Innovative approaches from researchers and practitioners, leveraging actuarial expertise.
result Development of equitable, data-driven solutions to mitigate risk and enhance societal well-being.

This work aims to reduce inexplicable errors in deep neural networks by obtaining class-level semantics and penalizing misclassifications.

problem Deep neural networks misclassify images, leading to inexplicable errors that can harm trust and societal impact.
method Obtain class-level semantics, propose Weighted Loss Functions (WLFs), and train classifiers with these methods.
result Trained networks have more explicable failure modes and comparable accuracy to existing methods.

Fair active learning selects data points to balance model accuracy and fairness.

problem Ensuring fairness in machine learning models used in high-stakes applications.
method Designing algorithms for fair active learning that select data points to balance model accuracy and fairness.
result Demonstrated the effectiveness and efficiency of fair active learning algorithms over benchmark datasets.

Fair active learning selects data points to balance model accuracy and fairness.

problem Ensuring fairness in machine learning models used in high-stakes applications.
method Designing algorithms for fair active learning that select data points to balance model accuracy and fairness, focusing on demographic parity.
result Demonstrated the effectiveness of the proposed fair active learning approach over benchmark datasets.

Machine learning is used extensively in recommender systems deployed in products. The decisions made by these systems can influence user beliefs and preferences which in turn affect the feedback the learning system receives - thus creating a feedback loop. This phenomenon can give rise to the so-called "echo chambers" …

2019-02-27abs ↗pdf ↗

Proposes efficient algorithm for system-level I&M decisions under uncertainty.

problem Optimal management strategies for deteriorating civil engineering systems.
method Factored partially observable Markov decision process with Bayesian networks and DDMAC reinforcement learning.
result DDMAC policies offer substantial benefits over heuristic approaches in system-level cost optimization.

Interacting systems are prevalent in nature, from dynamical systems in physics to complex societal dynamics. The interplay of components can give rise to complex behavior, which can often be explained using a simple model of the system's constituent parts. In this work, we introduce the neural relational inference (NRI…

2018-02-13abs ↗pdf ↗

Deep Neural Networks (DNNs) are universal function approximators providing state-of- the-art solutions on wide range of applications. Common perceptual tasks such as speech recognition, image classification, and object tracking are now commonly tackled via DNNs. Some fundamental problems remain: (1) the lack of a mathe…

2017-10-25abs ↗pdf ↗

Extends Shifts dataset for MS lesion segmentation and marine vessel power estimation.

problem Distributional shift in training and deployment data for ML models.
method Develops new datasets for high-risk industrial applications.
result Demonstrates robustness and uncertainty estimation in new industrial tasks.

The study examines how social biases are reinforced in machine learning models used for credit scoring.

problem Reinforcement of societal biases in machine learning algorithms for credit scoring.
method Analysis of machine learning models predicting gender or ethnicity based on loan applications data.
result Machine learning models can reflect and reinforce social biases present in the data.

Current methodologies in machine learning analyze the effects of various statistical parity notions of fairness primarily in light of their impacts on predictive accuracy and vendor utility loss. In this paper, we propose a new framework for interpreting the effects of fairness criteria by converting the constrained lo…

2018-07-03abs ↗pdf ↗

Machine learning models learn what we teach them to learn. Machine learning is at the heart of recommender systems. If a machine learning model is trained on biased data, the resulting recommender system may reflect the biases in its recommendations. Biases arise at different stages in a recommender system, from existi…

2019-05-10abs ↗pdf ↗