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This paper examines when the public provision of information in search markets improves welfare. I consider a two-sided frictional search market in which buyers match with vertically differentiated sellers. The market is segmented into…

Theoretical Economics · Economics 2025-09-05 Teddy Mekonnen

With the development of e-commerce, many products are now being sold worldwide, and manufacturers are eager to obtain a better understanding of customer behavior in various regions. To achieve this goal, most previous efforts have focused…

Computers and Society · Computer Science 2016-10-04 Qingqing Zhou , Rui Xia , Chengzhi Zhang

The amount of large-scale real data around us increase in size very quickly and so does the necessity to reduce its size by obtaining a representative sample. Such sample allows us to use a great variety of analytical methods, whose direct…

Social and Information Networks · Computer Science 2014-02-10 Milos Kudelka , Sarka Zehnalova , Jan Platos

In market modeling, one often treats buyers as a homogeneous group. In this paper we consider buyers with heterogeneous preferences and products available in many variants. Such a framework allows us to successfully model various market…

Trading and Market Microstructure · Quantitative Finance 2009-01-06 Matus Medo , Yi-Cheng Zhang

This work-in-progress paper describes a vision, i.e., that of fast and reliable software user experience studies conducted with the help from the crowd. Commonly, user studies are controlled in-lab activities that require the instruction,…

Human-Computer Interaction · Computer Science 2016-09-06 Florian Daniel , Pavel Kucherbaev

Frequentist statistical methods, such as hypothesis testing, are standard practice in papers that provide benchmark comparisons. Unfortunately, these methods have often been misused, e.g., without testing for their statistical test…

Methodology · Statistics 2021-05-18 David Issa Mattos , Jan Bosch , Helena Holmström Olsson

Process mining is a technique that performs an automatic analysis of business processes from a log of events with the promise of understanding how processes are executed in an organisation. Several models have been proposed to address this…

Artificial Intelligence · Computer Science 2015-03-26 Catarina Moreira

The field of retail analytics has been transformed by the availability of rich data which can be used to perform tasks such as demand forecasting and inventory management. However, one task which has proved more challenging is the…

Applications · Statistics 2018-05-16 James Pitkin , Ioanna Manolopoulou , Gordon Ross

Millions of people express themselves on public social media, such as Twitter. Through their posts, these people may reveal themselves as potentially valuable sources of information. For example, real-time information about an event might…

Social and Information Networks · Computer Science 2014-04-09 Jalal Mahmud , Michelle Zhou , Nimrod Megiddo , Jeffrey Nichols , Clemens Drews

Consumers value keeping some information about them private from potential marketers. E-commerce dramatically increases the potential for marketers to accumulate otherwise private information about potential customers. Online marketers…

Computers and Society · Computer Science 2007-05-23 Michael R. Ward , Yu-Ching Chen

Data can be collected in scientific studies via a controlled experiment or passive observation. Big data is often collected in a passive way, e.g. from social media. In studies of causation great efforts are made to guard against bias and…

Methodology · Statistics 2018-11-21 Elena Pesce , Eva Riccomagno , Henry P. Wynn

Crowdsourcing works by distributing many small tasks to large numbers of workers, yet the true potential of crowdsourcing lies in workers doing more than performing simple tasks---they can apply their experience and creativity to provide…

Social and Information Networks · Computer Science 2017-08-16 Thomas C. McAndrew , Elizaveta A. Guseva , James P. Bagrow

The United States Bureau of Labor Statistics collects data using survey instruments under informative sampling designs that assign probabilities of inclusion to be correlated with the response. The bureau extensively uses Bayesian…

Methodology · Statistics 2017-10-26 Terrance D. Savitsky , Sanvesh Srivastava

We propose a scalable Bayesian preference learning method for jointly predicting the preferences of individuals as well as the consensus of a crowd from pairwise labels. Peoples' opinions often differ greatly, making it difficult to predict…

Machine Learning · Computer Science 2019-12-13 Edwin Simpson , Iryna Gurevych

Statistical samples, in order to be representative, have to be drawn from a population in a random and unbiased way. Nevertheless, it is common practice in the field of model-based diagnosis to make estimations from (biased) best-first…

Artificial Intelligence · Computer Science 2022-08-05 Patrick Rodler , Fatima Elichanova

Structure learning of Bayesian networks is an important problem that arises in numerous machine learning applications. In this work, we present a novel approach for learning the structure of Bayesian networks using the solution of an…

Machine Learning · Computer Science 2012-11-22 Tuhin Sahai , Stefan Klus , Michael Dellnitz

Crowdsourcing has emerged as a powerful paradigm for efficiently labeling large datasets and performing various learning tasks, by leveraging crowds of human annotators. When additional information is available about the data,…

Machine Learning · Computer Science 2021-07-19 Panagiotis A. Traganitis , Georgios B. Giannakis

Consider the problem of searching a large set of items, such as emails, for a small set which are relevant to a given query. This can be implemented in a sequential manner whereby we use knowledge from earlier items that we have screened to…

Applications · Statistics 2016-08-03 Lisa Turner , Nedialko B. Dimitrov , Paul Fearnhead

The Net Promoter Score is a simple measure used by several companies as indicator of customer loyalty. Studies that address the statistical properties of this measure are still scarce and none of them considered the sample size…

Methodology · Statistics 2023-03-03 Eliardo G. Costa , Rachel Tarini Q. Ponte

We propose and illustrate a hierarchical Bayesian approach for matching statistical records observed on different occasions. We show how this model can be profitably adopted both in record linkage problems and in capture--recapture setups,…

Applications · Statistics 2011-07-29 Andrea Tancredi , Brunero Liseo