Collaborative filtering analyzes user preferences for items (e.g., books, movies, restaurants, academic papers) by exploiting the similarity patterns across users. In implicit feedback settings, all the items, including the ones that a user did not consume, are taken into consideration. But this assumption does not acc…
Modeling incentives for content creators on algorithm-curated platforms.
problem Maximizing exposure for content creators on algorithmic platforms.
method Formalized exposure game model, proving effects of algorithmic choices on equilibria, proposing tools for finding equilibria.
result Algorithmic choices significantly affect content exposure and creator behavior.
A new dataset tracks user interactions and click responses in online marketplaces.
problem Lack of exposure data in recommender systems datasets.
method Proposes a novel dataset including slates and click responses, allowing more accurate likelihood models.
result Models using exposure data show more natural likelihood, reducing bias towards previously exposed items.
The paper studies and mitigates bias in recommender systems.
problem Bias in recommender systems caused by user feedback loops.
method Modeling user exposure and proposing debiasing strategies.
result Recommender systems are biased and depend on user exposure.
The study aims to prevent unfair content presentation in recommender systems.
problem Over- and under-presentation of content leads to biased user preference estimates.
method Two models are considered: one that ignores systematic and limited exposure, and another that conditions on limited exposure.
result Ignoring systematic presentations overestimates promoted options and underestimates censored alternatives.
A new method uses counterfactual learning to improve recommendation system evaluation.
problem Inconsistent results in recommender systems due to exposure mechanisms.
method Proposes a minimax empirical risk formulation with an adversarial game to account for exposure.
result Shows improved learning bounds and effectiveness over various recommendation settings.
Debias recommender systems by accounting for hidden confounders using network information.
problem Debiased recommender systems to reduce bias caused by hidden confounders.
method Leverage network information to disentangle user conformity and item popularity, modeling exposure and ratings while controlling hidden confounders.
result The proposed method effectively debiases recommender systems, improving recommendation accuracy.
New method debiases selection bias in PU classification with exposure data.
problem Binary classification from positive and unlabeled data with selection bias.
method Automatic Debiased PUE (ADPUE) learning method.
result ADPUE outperforms traditional PU learning methods on various datasets.
New model for personalized online advertising with multi-user interaction.
problem Realistic online advertising scenarios with multiple users interacting simultaneously.
method Introduces Multi-User Contextual Cascading Bandit (MCCB) model and proposes UCBBP and AUCBBP algorithms.
result Proves UCBBP and AUCBBP achieve optimal regret bounds for multi-user context.
The paper tackles biases in session-based recommender systems by modeling user interest as a stochastic process.
problem Data uncertainty, popularity bias, and exposure bias in session-based recommender systems.
method The paper proposes treating user interest as a stochastic process in the latent space, debiasing item embeddings, modeling dense user interest, and introducing fake targets to simulate extended exposure.
result The proposed approach mitigates challenges in session-based recommender systems, as shown by computational experiments on various datasets.
This paper describes a practical system for Multi Touch Attribution (MTA) for use by a publisher of digital ads. We developed this system for JD.com, an eCommerce company, which is also a publisher of digital ads in China. The approach has two steps. The first step ('response modeling') fits a user-level model for purc…
In epidemiology, identifying the effect of exposure variables in relation to a time-to-event outcome is a classical research area of practical importance. Incorporating propensity score in the Cox regression model, as a measure to control for confounding, has certain advantages when outcome is rare. However, in situati…
BN^2MF identifies unknown exposure patterns in environmental mixtures.
problem Identifying unknown exposure patterns in environmental mixtures.
method Bayesian non-parametric non-negative matrix factorization (BN^2MF) with non-negative continuous priors and a non-parametric sparse prior.
result Estimates patterns of chemical exposures without specifying the number of patterns.
In E-commerce advertising, where product recommendations and product ads are presented to users simultaneously, the traditional setting is to display ads at fixed positions. However, under such a setting, the advertising system loses the flexibility to control the number and positions of ads, resulting in sub-optimal p…
Novel KAN-based autoencoder improves asset pricing models' accuracy and interpretability.
problem Improving asset pricing models' accuracy and interpretability.
method Kolmogorov-Arnold Networks (KANs) inspired autoencoder for latent factor exposures.
result Outperforms Multilayer Perceptrons in both accuracy and interpretability.
This paper optimizes multi-channel sequential advertising to maximize cumulative revenue.
problem Maximizing cumulative revenue in multi-channel sequential advertising under a budget constraint.
method Formulated as a dynamic knapsack problem, proposed a bilevel optimization framework with action space reduction.
result Significantly improved cumulative revenue compared to state-of-the-art baselines.
New algorithm models satiation in recommender systems.
problem Satiation effects in user preferences not modeled by existing algorithms.
method Rebounding bandits, modeling satiation as time-invariant linear dynamical systems.
result Greedy policy optimal for identical deterministic dynamics; EEP algorithm for stochastic dynamics.
LLM sandbox and persona dynamics create unethical reality gaps that shift risk to users.
problem Ethical issues arise from LLMs generating reality gaps that shift risk to uninformed users.
method Analyzes the ethical implications of LLM sandbox and persona dynamics, comparing them to financial regulation and compliance.
result Active generation of reality gaps is unethical as it shifts epistemic risk to users.
The paper tackles robust design selection for online experiments under uncertain interference mechanisms.
problem Designing experiments in ads, recommendations, and member-experience systems when interference mechanisms are unknown.
method Formulates the problem as robust design selection over uncertain exposure mechanisms. Compares designs by worst-case planning risk over an ambiguity set combining various factors.
result Develops a geometry-aware guarantee and robust selector theorem with excess-risk control, exact recovery under separation, and certified shortlists when the risk surface is flat.
Decor protects decentralized learning models from curious users.
problem Privacy violation in decentralized learning.
method Decor uses correlated Gaussian noises to protect local models in decentralized SGD with differential privacy guarantees.
result Decor matches central DP optimal privacy-utility trade-off for arbitrary connected graphs.
New ranking system balances fairness and user utility.
problem Achieving group fairness in ranking systems.
method Formulated a minimax game between a ranking player and an adversary.
result Better utility for highly fair rankings.
Self-reinforcing feedback loops in personalization systems are typically caused by users choosing from a limited set of alternatives presented systematically based on previous choices. We propose a Bayesian choice model built on Luce axioms that explicitly accounts for users' limited exposure to alternatives. Our model…
This article presents a preliminary approach towards characterizing political fake news on Twitter through the analysis of their meta-data. In particular, we focus on more than 1.5M tweets collected on the day of the election of Donald Trump as 45th president of the United States of America. We use the meta-data embedd…
Green stocks show less factor exposure heterogeneity compared to brown stocks.
problem Exploring differences in factor exposure between green and brown stocks.
method Examined S&P 500 firms grouped by greenhouse gas emissions, analyzing factor exposure over 2014-2020.
result Green stocks have less factor exposure heterogeneity than brown stocks, except for the value factor.
RIVCoin stabilizes cryptocurrency portfolios through a DAO and redistributes income.
problem Stabilizing cryptocurrency value and aligning incentives for all users.
method Decentralized DAO, diversified reserves, and income redistribution.
result Aligns incentives for wealthier users to stabilize smaller users' risk.
Framework scores DeFi users based on liquidity and trading behavior.
problem Distinguishing between liquidity provision and active trading in DeFi.
method Rule-based decomposition, deep residual neural network, pool-level context.
result Deep residual neural network improves user scoring and risk assessment.
In online display advertising, selecting the most effective ad creative (ad image) for each impression is a crucial task for DSPs (Demand-Side Platforms) to fulfill their goals (click-through rate, number of conversions, revenue, and brand improvement). As widely recognized in the marketing literature, the effect of ad…
We introduce negative binomial matrix factorization (NBMF), a matrix factorization technique specially designed for analyzing over-dispersed count data. It can be viewed as an extension of Poisson matrix factorization (PF) perturbed by a multiplicative term which models exposure. This term brings a degree of freedom fo…
In order to improve mobile data transparency, a number of network-based approaches have been proposed to inspect packets generated by mobile devices and detect personally identifiable information (PII), ad requests, or other activities. State-of-the-art approaches train classifiers based on features extracted from HTTP…
In financial asset management, choosing a portfolio requires balancing returns, risk, exposure, liquidity, volatility and other factors. These concerns are difficult to compare explicitly, with many asset managers using an intuitive or implicit sense of their interaction. We propose a mechanism for learning someone's s…
Deep learning approximates Bermudan option exposures and future values.
problem Computing accurate expected and future exposures for high-dimensional Bermudan options.
method Neural network-based approach combining Deep Optimal Stopping and regression.
result Neural network approximations of pathwise option values are more accurate.
Study shows short exposure and systematic risk exposure affect disposition effect asymmetries.
problem Understanding disposition effect in short vs long exposure positions and systematic risk.
method Generalized Odean measures, introduced Value metric, implemented dispositionEffect R package.
result Short positions exhibit weaker disposition effect than long positions under narrow framing, reversing in integrated framing.
Randomized neural networks improve exposure and CVA estimation for American options.
problem Estimation of exposure and CVA for American options
method Randomized neural networks
result Improves convergence and efficiency in high-dimensional problems
It is now much easier than ever before to produce videos. While the ubiquitous video data is a great source for information discovery and extraction, the computational challenges are unparalleled. Automatically summarizing the videos has become a substantial need for browsing, searching, and indexing visual content. Th…
A new learning-to-rank approach ensures fairness for item providers in dynamic ranking systems.
problem Myopically optimizing user utility can be unfair to item providers in two-sided markets.
method A controller that integrates unbiased estimators for fairness and utility, dynamically adapting as more data becomes available.
result Empirically, the algorithm is highly practical and robust, ensuring amortized group fairness.
Valuation of Credit Valuation Adjustment (CVA) has become an important field as its calculation is required in Basel III, issued in 2010, in the wake of the credit crisis. Exposure, which is defined as the potential future loss of a default event without any recovery, is one of the key elementsfor pricing CVA. This pap…
This paper explores BTC-denominated prediction markets to avoid stablecoin opportunity costs.
problem Opportunity costs and loss of BTC exposure when converting to stablecoins.
method Analyzes three methods of liquidity provision: cross-market making, automated market making, and DeFi redirection.
result Cross-market making provides the best user risk profile but requires active liquidity.
MOAI evaluates indoor airflow's impact on COVID-19 transmission.
problem Understanding indoor airflow's role in COVID-19 transmission.
method Developed a privacy-preserving app and model to evaluate risk exposure.
result Quantified factors contributing to higher or lower contamination in settings.
Paper optimizes neural networks for Bermudan option pricing with faster convergence and risk management tools.
problem Efficiently pricing Bermudan options with static hedging and risk management.
method Monte-Carlo-based artificial neural network framework with novel optimisation algorithm.
result The proposed neural network accelerates convergence and provides improved risk management tools.
Exposure bias has been regarded as a central problem for auto-regressive language models (LM). It claims that teacher forcing would cause the test-time generation to be incrementally distorted due to the training-generation discrepancy. Although a lot of algorithms have been proposed to avoid teacher forcing and theref…
We study the impact of central clearing of over-the-counter (OTC) transactions on counterparty exposures in a market with OTC transactions across several asset classes with heterogeneous characteristics. The impact of introducing a central counterparty (CCP) on expected interdealer exposure is determined by the tradeof…
The paper proposes using function approximations to reduce the computational burden in measuring counterparty credit exposure.
problem The need for regular exposure calculations in finance, balancing between computational cost and risk simplification.
method Replacing derivative pricers with function approximations, proving error bounds, and using Chebyshev interpolation for convergence.
result Derives probabilistic and finite sample error bounds, showing significant run-time reductions and asymptotic efficiency gains.
Online social networking sites are experimenting with the following crowd-powered procedure to reduce the spread of fake news and misinformation: whenever a user is exposed to a story through her feed, she can flag the story as misinformation and, if the story receives enough flags, it is sent to a trusted third party …
Study prenatal PM2.5 exposure and 4th grade reading scores, identifying critical windows of susceptibility.
problem Understanding the impact of prenatal PM2.5 exposure on educational outcomes.
method Developed a locally adaptive Bayesian regression model with B-spline basis expansion and dynamic shrinkage priors.
result Prenatal PM2.5 exposure during early and late pregnancy is most adverse for 4th grade reading scores.
Mack's estimator improves chain ladder prediction for large exposure insurance models.
problem Uncertainty quantification in compound Poisson loss models.
method Large exposure asymptotics applied to Mack's estimator.
result Chain ladder prediction uncertainty can be quantified without model assumptions.
Study estimates personalized effects of maternal PM2.5 exposure on birth weight.
problem Identify critical windows and heterogeneity in maternal PM2.5 exposure effects on birth weight.
method Heterogeneous Distributed Lag Models and Bayesian Additive Regression Trees.
result Evidence of heterogeneity in PM2.5-birth weight relationship, with some dyads showing 3x larger decrease.
We introduce a new method to calculate the credit exposure of Bermudan, discretely monitored barrier and European options. Core of the approach is the application of the dynamic Chebyshev method of Glau et al. (2019). The dynamic Chebyshev method delivers a closed form approximation of the option prices along the paths…
Recently, deep learning models play more and more important roles in contents recommender systems. However, although the performance of recommendations is greatly improved, the "Matthew effect" becomes increasingly evident. While the head contents get more and more popular, many competitive long-tail contents are diffi…