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A general information equilibrium model in the case of ideal information transfer is defined and then used to derive the relationship between supply (information destination) and demand (information source) with the price as the detector of…

Economics · Quantitative Finance 2015-10-09 Jason Smith

Causal and counterfactual reasoning are emerging directions in data science that allow us to reason about hypothetical scenarios. This is particularly useful in fields like environmental and ecological sciences, where interventional data…

Artificial Intelligence · Computer Science 2024-12-06 Rafael Cabañas , Ana D. Maldonado , María Morales , Pedro A. Aguilera , Antonio Salmerón

In this paper we propose a framework characterizing information disorders as disputes of narratives. Such narratives present claims to readers, who must decide whether to accept the statements in the claims as facts. We point out that this…

Computers and Society · Computer Science 2021-08-31 Daniel Schwabe

Studying characters plays a vital role in computationally representing and interpreting narratives. Unlike previous work, which has focused on inferring character roles, we focus on the problem of modeling their relationships. Rather than…

Computation and Language · Computer Science 2015-12-01 Snigdha Chaturvedi , Shashank Srivastava , Hal Daume , Chris Dyer

Bayesian networks are directed acyclic graphs representing independence relationships among a set of random variables. A random variable can be regarded as a set of exhaustive and mutually exclusive propositions. We argue that there are…

Artificial Intelligence · Computer Science 2013-03-25 Dekang Lin

The predictive performance of any inferential model is critical to its practical success, but quantifying predictive performance is a subtle statistical problem. In this paper I show how the natural structure of any inferential problem…

Methodology · Statistics 2015-06-09 Michael Betancourt

In this paper, the relationship between probabilistic graphical models, in particular Bayesian networks, and causal diagrams, also called structural causal models, is studied. Structural causal models are deterministic models, based on…

Artificial Intelligence · Computer Science 2026-04-24 Peter J. F. Lucas , Eleonora Zullo , Fabio Stella

Randomness in scientific estimation is generally assumed to arise from unmeasured or uncontrolled factors. However, when combining subjective probability estimates, heterogeneity stemming from people's cognitive or information diversity is…

Methodology · Statistics 2015-05-28 Ville Satopää , Robin Pemantle , Lyle Ungar

We study a communication game between a sender and a receiver. The sender chooses one of her signals about the state of the world (i.e., anecdotes) and communicates to the receiver who takes an action affecting both players. The sender and…

Theoretical Economics · Economics 2024-07-19 Nika Haghtalab , Nicole Immorlica , Brendan Lucier , Markus Mobius , Divyarthi Mohan

Predicting undesirable events during the execution of a business process instance provides the process participants with an opportunity to intervene and keep the process aligned with its goals. Few approaches for tackling this challenge…

Artificial Intelligence · Computer Science 2020-09-22 Jens Brunk , Matthias Stierle , Leon Papke , Kate Revoredo , Martin Matzner , Jörg Becker

Traditional economic models typically treat private information, or signals, as generated from some underlying state. Recent work has explicated alternative models, where signals correspond to interpretations of available information. We…

Computer Science and Game Theory · Computer Science 2012-02-20 Michael P. Wellman , Lu Hong , Scott E. Page

Predictions about people, such as their expected educational achievement or their credit risk, can be performative and shape the outcome that they aim to predict. Understanding the causal effect of these predictions on the eventual outcomes…

Machine Learning · Statistics 2022-10-19 Celestine Mendler-Dünner , Frances Ding , Yixin Wang

Opinion dynamics models how the publicly expressed opinions of users in a social network coevolve according to their neighbors as well as their own intrinsic opinion. Motivated by the real-world manipulation of social networks during the…

Social and Information Networks · Computer Science 2026-01-22 Akhil Jalan , Marios Papachristou

Understanding the pattern formation in communities has been at the center of attention in various fields. Here we introduce a novel model, called an "information-particle model," which is based on the reaction-diffusion model and the…

Physics and Society · Physics 2023-07-21 Junichi Miyakoshi

We present a novel approach to classify causal micro-narratives from text. These narratives are sentence-level explanations of the cause(s) and/or effect(s) of a target subject. The approach requires only a subject-specific ontology of…

Computation and Language · Computer Science 2024-11-12 Mourad Heddaya , Qingcheng Zeng , Chenhao Tan , Rob Voigt , Alexander Zentefis

This paper studies a communication game between an uninformed decision maker and two perfectly informed senders with conflicting interests. Senders can misreport information at a cost that increases with the size of the misrepresentation.…

Theoretical Economics · Economics 2023-04-17 Federico Vaccari

Political realism aims to describe the interaction of agents involved in struggles for political power. This article formulates realism in terms of quantitative postulates that depict political power as a fluid-like substance flowing…

Social and Information Networks · Computer Science 2019-12-03 Michael Poulshock

A principled approach to understand network structures is to formulate generative models. Given a collection of models, however, an outstanding key task is to determine which one provides a more accurate description of the network at hand,…

Machine Learning · Statistics 2018-06-29 Toni Vallès-Català , Tiago P. Peixoto , Roger Guimerà , Marta Sales-Pardo

An empirical model is a generalization of a probability space. It consists of a simplicial complex of subsets of a class X of random variables such that each simplex has an associated probability distribution. The ensuing marginalizations…

Quantum Physics · Physics 2020-07-01 Rodrigo Iglesias , Fernando Tohmé , Marcelo Auday

In many choice problems, the interaction between several distinct variables determines the payoff of each alternative. I propose and axiomatize a model of a decision maker who recognizes that she may not accurately perceive the correlation…

Theoretical Economics · Economics 2021-05-28 Andrew Ellis
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