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Given a set of probability measures $\mathcal{P}$ representing an agent's knowledge on the elements of a sigma-algebra $\mathcal{F}$, we can compute upper and lower bounds for the probability of any event $A\in\mathcal{F}$ of interest. A…

Statistics Theory · Mathematics 2023-05-09 Michele Caprio , Teddy Seidenfeld

Conditional probabilities are a core concept in machine learning. For example, optimal prediction of a label $Y$ given an input $X$ corresponds to maximizing the conditional probability of $Y$ given $X$. A common approach to inference tasks…

Machine Learning · Computer Science 2017-08-09 Yoav Wald , Amir Globerson

Worst-case bounds on the expected shortfall risk given only limited information on the distribution of the random variables has been studied extensively in the literature. In this paper, we develop a new worst-case bound on the expected…

Risk Management · Quantitative Finance 2017-02-12 Anulekha Dhara , Bikramjit Das , Karthik Natarajan

Balancing safety and efficiency when planning in crowded scenarios with uncertain dynamics is challenging where it is imperative to accomplish the robot's mission without incurring any safety violations. Typically, chance constraints are…

Robotics · Computer Science 2023-02-22 Khaled A. Mustafa , Oscar de Groot , Xinwei Wang , Jens Kober , Javier Alonso-Mora

Attempts to replicate probabilistic reasoning in expert systems have typically overlooked a critical ingredient of that process. Probabilistic analysis typically requires extensive judgments regarding interdependencies among hypotheses and…

Artificial Intelligence · Computer Science 2013-04-15 Marvin S. Cohen

We establish bounds on the probability that two different agents, who share an initial opinion expressed as a probability distribution on an abstract probability space, given two different sources of information, may come to radically…

Probability · Mathematics 2019-03-20 Krzysztof Burdzy , Jim Pitman

We use decision theory to confront uncertainty that is sufficiently broad to incorporate "models as approximations." We presume the existence of a featured collection of what we call "structured models" that have explicit substantive…

Theoretical Economics · Economics 2022-08-22 Simone Cerreia-Vioglio , Lars Peter Hansen , Fabio Maccheroni , Massimo Marinacci

Causal parameters may not be point identified in the presence of unobserved confounding. However, information about non-identified parameters, in the form of bounds, may still be recovered from the observed data in some cases. We develop a…

Methodology · Statistics 2020-07-02 Noam Finkelstein , Ilya Shpitser

We study randomized variants of two classical algorithms: coordinate descent for systems of linear equations and iterated projections for systems of linear inequalities. Expanding on a recent randomized iterated projection algorithm of…

Optimization and Control · Mathematics 2008-06-19 D. Leventhal , A. S. Lewis

The problem of minimizing a multilinear function of binary variables is a well-studied NP-hard problem. The set of solutions of the standard linearization of this problem is called the multilinear set. We study a cardinality constrained…

Optimization and Control · Mathematics 2021-08-31 Rui Chen , Sanjeeb Dash , Oktay Gunluk

The paper concerns the probabilistic evaluation of plans in the presence of unmeasured variables, each plan consisting of several concurrent or sequential actions. We establish a graphical criterion for recognizing when the effects of a…

Artificial Intelligence · Computer Science 2013-02-21 Judea Pearl , James M. Robins

This paper studies a risk-sensitive decision-making problem under uncertainty. It considers a decision-making process that unfolds over a fixed number of stages, in which a decision-maker chooses among multiple alternatives, some of which…

Optimization and Control · Mathematics 2026-01-07 Chung-Han Hsieh , Yi-Shan Wong

In probabilistic logic entailments, even moderate size problems can yield linear constraint systems with so many variables that exact methods are impractical. This difficulty can be remedied in many cases of interest by introducing a three…

Artificial Intelligence · Computer Science 2013-03-26 Paul Snow

This expository paper discusses Bayesian decision analysis perspectives on problems of constrained forecasting. Foundational and pedagogic discussion contrasts decision analytic approaches with the traditional, but typically inappropriate,…

Methodology · Statistics 2021-12-01 Mike West

Choosing decision variables deterministically (deterministic decision-making) can be regarded as a particular case of choosing decision variables probabilistically (probabilistic decision-making). It is necessary to investigate whether…

Optimization and Control · Mathematics 2023-09-18 Xun Shen , Yuhu Wu , Satoshi Ito , Jun-ichi Imura

This paper examines methods of decision making that are able to accommodate limitations on both the form in which uncertainty pertaining to a decision problem can be realistically represented and the amount of computing time available…

Artificial Intelligence · Computer Science 2013-02-28 Michael Pittarelli

Probability-like parameters appearing in some statistical models, and their prior distributions, are reinterpreted through the notion of `circumstance', a term which stands for any piece of knowledge that is useful in assigning a…

Quantum Physics · Physics 2007-05-23 P. G. L. Porta Mana , A. Månsson , G. Björk

In stochastic decision problems, one often wants to estimate the underlying probability measure statistically, and then to use this estimate as a basis for decisions. We shall consider how the uncertainty in this estimation can be…

Statistics Theory · Mathematics 2017-05-24 Samuel N. Cohen

Any probabilistic model of a problem is based on assumptions which, if violated, invalidate the model. Users of probability based decision aids need to be alerted when cases arise that are not covered by the aid's model. Diagnosis of model…

Artificial Intelligence · Computer Science 2013-03-26 Kathryn Blackmond Laskey

This paper addresses two central problems for probabilistic processing models: parameter estimation from incomplete data and efficient retrieval of most probable analyses. These questions have been answered satisfactorily only for…

cmp-lg · Computer Science 2007-05-23 Stefan Riezler