Related papers: Efficient Value of Information Computation
As data sets continue to grow in size and complexity, effective and efficient techniques are needed to target important features in the variable space. Many of the variable selection techniques that are commonly used alongside clustering…
The Chow form of the essential variety in computer vision is calculated. Our derivation uses secant varieties, Ulrich sheaves and representation theory. Numerical experiments show that our formula can detect noisy point correspondences…
Work in information retrieval has largely been centered around ranking and relevance: given a query, return some number of results ordered by relevance to the user. The problem of result list truncation, or where to truncate the ranked list…
With the widespread use of machine learning to support decision-making, it is increasingly important to verify and understand the reasons why a particular output is produced. Although post-training feature importance approaches assist this…
Mechanisms for the automation of uncertainty are required for expert systems. Sometimes these mechanisms need to obey the properties of probabilistic reasoning. A purely numeric mechanism, like those proposed so far, cannot provide a…
This paper studies the value of a firm's internal information when the firm faces an adverse selection problem arising from unobservable managerial abilities. While more precise information allows the firm to make ex post more efficient…
We study the instrumental value of conceptual knowledge when making statistical decisions. Such knowledge tells agents how unknown, payoff-relevant states relate. It is distinct from the statistical knowledge gained from observing signals…
The use of data collection to support decision making through the reduction of uncertainty is ubiquitous in the management, operation, and design of building energy systems. However, no existing studies in the building energy systems…
Emergences of computers and information technological revolution made tremendous changes in the real world and provides a different dimension for the intelligent data analysis. Well formed fact, the information at right time and at right…
In recent years, much of the research on clustering algorithms has primarily focused on enhancing their accuracy and efficiency, frequently at the expense of interpretability. However, as these methods are increasingly being applied in…
Information theory is an outstanding framework to measure uncertainty, dependence and relevance in data and systems. It has several desirable properties for real world applications: it naturally deals with multivariate data, it can handle…
In ecological and environmental contexts, management actions must sometimes be chosen urgently. Value of information (VoI) analysis provides a quantitative toolkit for projecting the improved management outcomes expected after making…
In designing an intelligent system that must be able to explain its reasoning to a human user, or to provide generalizations that the human user finds reasonable, it may be useful to take into consideration psychological data on what types…
Over recent years Value of Information analysis has become more widespread in health-economic evaluations, specifically as a tool to perform Probabilistic Sensitivity Analysis. This is largely due to methodological advancements allowing for…
A common approach for feature selection is to examine the variable importance scores for a machine learning model, as a way to understand which features are the most relevant for making predictions. Given the significance of feature…
We propose a new framework for reasoning about information in complex systems. Our foundation is based on a variational extension of Shannon's information theory that takes into account the modeling power and computational constraints of…
Importance sampling is widely used in machine learning and statistics, but its power is limited by the restriction of using simple proposals for which the importance weights can be tractably calculated. We address this problem by studying…
At the ultra high frequency level, the notion of price of an asset is very ambiguous. Indeed, many different prices can be defined (last traded price, best bid price, mid price,...). Thus, in practice, market participants face the problem…
Consider a network design application where we wish to lay down a minimum-cost spanning tree in a given graph; however, we only have stochastic information about the edge costs. To learn the precise cost of any edge, we have to conduct a…
Information extraction (IE) aims to produce structured information from an input text, e.g., Named Entity Recognition and Relation Extraction. Various attempts have been proposed for IE via feature engineering or deep learning. However,…