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Finding the hedge ratios for a portfolio and risk compression is the same mathematical problem. Traditionally, regression is used for this purpose. However, regression has its own limitations. For example, in a regression model, we can't…

Portfolio Management · Quantitative Finance 2023-05-09 Ali Shirazi , Fereshteh Sadeghi Naieni Fard

Equity in real-world sequential decision problems can be enforced using fairness-aware methods. Therefore, we require algorithms that can make suitable and transparent trade-offs between performance and the desired fairness notions. As the…

Machine Learning · Computer Science 2025-09-29 Alexandra Cimpean , Nicole Orzan , Catholijn Jonker , Pieter Libin , Ann Nowé

Personalized recommendation brings about novel challenges in ensuring fairness, especially in scenarios in which users are not the only stakeholders involved in the recommender system. For example, the system may want to ensure that items…

Information Retrieval · Computer Science 2018-09-14 Weiwen Liu , Robin Burke

Effective machine learning models can automatically learn useful information from a large quantity of data and provide decisions in a high accuracy. These models may, however, lead to unfair predictions in certain sense among the population…

Machine Learning · Computer Science 2020-06-19 Mingliang Chen , Min Wu

This paper proposes a federated learning framework designed to achieve \textit{relative fairness} for clients. Traditional federated learning frameworks typically ensure absolute fairness by guaranteeing minimum performance across all…

Machine Learning · Statistics 2024-11-05 Shogo Nakakita , Tatsuya Kaneko , Shinya Takamaeda-Yamazaki , Masaaki Imaizumi

Fairness is an increasingly important factor in re-ranking tasks. Prior work has identified a trade-off between ranking accuracy and item fairness. However, the underlying mechanisms are still not fully understood. An analogy can be drawn…

Information Retrieval · Computer Science 2025-04-22 Chen Xu , Jujia Zhao , Wenjie Wang , Liang Pang , Jun Xu , Tat-Seng Chua , Maarten de Rijke

Within the statistical and machine learning literature, regularization techniques are often used to construct sparse (predictive) models. Most regularization strategies only work for data where all predictors are treated identically, such…

Computation · Statistics 2020-12-16 Sander Devriendt , Katrien Antonio , Tom Reynkens , Roel Verbelen

Deep models, while being extremely versatile and accurate, are vulnerable to adversarial attacks: slight perturbations that are imperceptible to humans can completely flip the prediction of deep models. Many attack and defense mechanisms…

Machine Learning · Computer Science 2019-07-30 Kaiwen Wu , Yaoliang Yu

We present a simple and versatile framework for evaluating ranked lists in terms of group fairness and relevance, where the groups (i.e., possible attribute values) can be either nominal or ordinal in nature. First, we demonstrate that, if…

Information Retrieval · Computer Science 2022-04-04 Tetsuya Sakai , Jin Young Kim , Inho Kang

In real-world classification settings, such as loan application evaluation or content moderation on online platforms, individuals respond to classifier predictions by strategically updating their features to increase their likelihood of…

Computers and Society · Computer Science 2023-09-19 Vijay Keswani , L. Elisa Celis

In recent years, there has been a surge in effort to formalize notions of fairness in machine learning. We focus on centroid clustering--one of the fundamental tasks in unsupervised machine learning. We propose a new axiom ``proportionally…

Machine Learning · Computer Science 2024-11-05 Haris Aziz , Barton E. Lee , Sean Morota Chu , Jeremy Vollen

Most fair machine learning methods either highly rely on the sensitive information of the training samples or require a large modification on the target models, which hinders their practical application. To address this issue, we propose a…

Machine Learning · Computer Science 2023-12-27 Haonan Wang , Ziwei Wu , Jingrui He

This paper presents fairlib, an open-source framework for assessing and improving classification fairness. It provides a systematic framework for quickly reproducing existing baseline models, developing new methods, evaluating models with…

Machine Learning · Computer Science 2022-05-05 Xudong Han , Aili Shen , Yitong Li , Lea Frermann , Timothy Baldwin , Trevor Cohn

The fair-ranking problem, which asks to rank a given set of items to maximize utility subject to group fairness constraints, has received attention in the fairness, information retrieval, and machine learning literature. Recent works,…

Machine Learning · Computer Science 2022-12-01 Anay Mehrotra , Nisheeth K. Vishnoi

Optimizing prediction accuracy can come at the expense of fairness. Towards minimizing discrimination against a group, fair machine learning algorithms strive to equalize the behavior of a model across different groups, by imposing a…

Machine Learning · Statistics 2020-06-17 Hongyan Chang , Ta Duy Nguyen , Sasi Kumar Murakonda , Ehsan Kazemi , Reza Shokri

We study resource allocation in two-sided markets from a fundamental perspective and introduce a general modeling and algorithmic framework to effectively incorporate the complex and multidimensional aspects of fairness. Our main technical…

Computer Science and Game Theory · Computer Science 2025-06-03 Javier Cembrano , Andrés Moraga , Victor Verdugo

Methods for building fair predictors often involve tradeoffs between fairness and accuracy and between different fairness criteria, but the nature of these tradeoffs varies. Recent work seeks to characterize these tradeoffs in specific…

Machine Learning · Statistics 2021-09-02 Alan Mishler , Edward Kennedy

As machine learning systems are increasingly used to make real world legal and financial decisions, it is of paramount importance that we develop algorithms to verify that these systems do not discriminate against minorities. We design a…

Artificial Intelligence · Computer Science 2020-01-01 Osbert Bastani , Xin Zhang , Armando Solar-Lezama

Fairness and action smoothness are two crucial considerations in many online optimization problems, but they have yet to be addressed simultaneously. In this paper, we study a new and challenging setting of fairness-regularized smoothed…

Machine Learning · Computer Science 2025-12-15 Pengfei Li , Yuelin Han , Adam Wierman , Shaolei Ren

In many healthcare settings, it is both critical to consider fairness when building analytical applications but also uniquely unacceptable to lower model performance for one group to match that of another (e.g. fairness cannot be achieved…

Applications · Statistics 2025-01-23 Daniel Smolyak , Courtney Paulson , Margrét V. Bjarnadóttir