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For the last several decades, the US Census Bureau has been using the AK composite estimation method to produce statistics on employment from the Current Population Survey (CPS) data. The CPS uses a rotating design and AK estimators are…
Knowledge workers, such as scientists, journalists, or consultants, adaptively seek, gather, and consume information. These processes are often inefficient as existing user interfaces provide limited possibilities to combine information…
Intelligent agents are often faced with the problem of trying to merge possibly conflicting pieces of information obtained from different sources into a consistent view of the world. We propose a framework for the modelling of such merging…
The sum-utility maximization problem is known to be important in the energy systems literature. The conventional assumption to address this problem is that the utility is concave. But for some key applications, such an assumption is not…
Percentage coefficient (bp) has emerged in recent publications as an additional and alternative estimator of effect size for regression analysis. This paper retraces the theory behind the estimator. It's posited that an estimator must first…
Aggregated second-order features extracted from deep convolutional networks have been shown to be effective for texture generation, fine-grained recognition, material classification, and scene understanding. In this paper, we study a class…
Categorization is an essential component for us to understand the world for ourselves and to communicate it collectively. It is therefore important to recognize that classification system are not necessarily static, especially for economic…
We consider the problem where a set of individuals has to classify $m$ objects into $p$ categories by aggregating the individual classifications, and no category can be left empty. An aggregator satisfies \emph{Expertise} if individuals are…
Macroeconomic theories of growth and wealth distribution have an outsized influence on national and international social and economic policies. Yet, due to a relative lack of reliable, system wide data, many such theories remain, at best,…
This study introduces geometric algebra to decompose credit system relationships into their projective (correlation-like) and rotational (feedback-spiral) components. We represent economic states as multi-vectors in Clifford algebra, where…
In the present paper, we identify several distributions from Physics and study their applicability to phenomena such as distribution of income, wealth, and expenditure. Firstly, we apply logistic distribution to these data and we find that…
Whenever humans use tools human performance is enhanced. Cognitive systems are a new kind of tool continually increasing in cognitive capability and are now performing high level cognitive tasks previously thought to be explicitly human.…
Predicting the economy's short-term dynamics -- a vital input to economic agents' decision-making process -- often uses lagged indicators in linear models. This is typically sufficient during normal times but could prove inadequate during…
A growing number of applications involve settings where, in order to infer heterogeneous effects, a researcher compares various units. Examples of research designs include children moving between different neighborhoods, workers moving…
The role of a market maker is to simultaneously offer to buy and sell quantities of goods, often a financial asset such as a share, at specified prices. An automated market maker (AMM) is a mechanism that offers to trade according to some…
With the prevalence of e-commence websites and the ease of online shopping, consumers are embracing huge amounts of various options in products. Undeniably, shopping is one of the most essential activities in our society and studying…
As the amount of economic and other data generated worldwide increases vastly, a challenge for future generations of econometricians will be to master efficient algorithms for inference in empirical models with large information sets. This…
The Debreu Koopmans theorem restricts separable aggregation to at most one nonconvex component. We solve this by proving that a separable, additive or multiplicative, function is star quasiconvex, those with star shaped sublevel sets about…
Uncovering the structure of socioeconomic systems and timely estimation of socioeconomic status are significant for economic development. The understanding of socioeconomic processes provides foundations to quantify global economic…
Sector specific multifactor CES elasticity of substitution and the corresponding productivity growths are jointly measured by regressing the growths of factor-wise cost shares against the growths of factor prices. We use linked input-output…