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We introduce a new stochastic duration model for transaction times in asset markets. We argue that widely accepted rules for aggregating seemingly related trades mislead inference pertaining to durations between unrelated trades: while any…

Econometrics · Economics 2020-05-20 Samuel Gingras , William J. McCausland

We study a dynamic market setting where an intermediary interacts with an unknown large sequence of agents that can be either sellers or buyers: their identities, as well as the sequence length $n$, are decided in an adversarial, online…

Computer Science and Game Theory · Computer Science 2017-03-29 Yiannis Giannakopoulos , Elias Koutsoupias , Philip Lazos

The ``impossibility theorem'' -- which is considered foundational in algorithmic fairness literature -- asserts that there must be trade-offs between common notions of fairness and performance when fitting statistical models, except in two…

Machine Learning · Computer Science 2023-02-14 Andrew Bell , Lucius Bynum , Nazarii Drushchak , Tetiana Herasymova , Lucas Rosenblatt , Julia Stoyanovich

We consider a trading marketplace that is populated by traders with diverse trading strategies and objectives. The marketplace allows the suppliers to list their goods and facilitates matching between buyers and sellers. In return, such a…

Computer Science and Game Theory · Computer Science 2022-10-03 Kshama Dwarakanath , Svitlana S Vyetrenko , Tucker Balch

We consider thin incomplete financial markets, where traders with heterogeneous preferences and risk exposures have motive to behave strategically regarding the demand schedules they submit, thereby impacting prices and allocations. We…

Mathematical Finance · Quantitative Finance 2018-06-22 Michail Anthropelos , Constantinos Kardaras , Georgios Vichos

Ensuring fairness in AI systems is critical, especially in high-stakes domains such as lending, hiring, and healthcare. This urgency is reflected in emerging global regulations that mandate fairness assessments and independent bias audits.…

Machine Learning · Computer Science 2025-08-19 Varsha Ramineni , Hossein A. Rahmani , Emine Yilmaz , David Barber

There exists a broad family of multiparty sessions in which the progress of one session participant is not unconditional, but depends on the choices performed by other participants. These sessions fall outside the scope of currently…

Programming Languages · Computer Science 2022-05-19 Luca Ciccone , Francesco Dagnino , Luca Padovani

As financial institutions increasingly rely on machine learning models to automate lending decisions, concerns about algorithmic fairness have risen. This paper explores the tradeoff between enforcing fairness constraints (such as…

Computers and Society · Computer Science 2025-06-05 Aayam Bansal

A supervised machine learning algorithm determines a model from a learning sample that will be used to predict new observations. To this end, it aggregates individual characteristics of the observations of the learning sample. But this…

Econometrics · Economics 2022-02-21 Samuele Centorrino , Jean-Pierre Florens , Jean-Michel Loubes

The window mechanism, introduced by Chatterjee et al. for mean-payoff and total-payoff objectives in two-player turn-based games on graphs, refines long-term objectives with time bounds. This mechanism has proven useful in a variety of…

Computer Science and Game Theory · Computer Science 2022-05-10 James C. A. Main , Mickael Randour , Jeremy Sproston

Recent discussion in the public sphere about algorithmic classification has involved tension between competing notions of what it means for a probabilistic classification to be fair to different groups. We formalize three fairness…

Machine Learning · Computer Science 2016-11-18 Jon Kleinberg , Sendhil Mullainathan , Manish Raghavan

We study the problem of scheduling periodic real-time tasks so as to meet their individual minimum reward requirements. A task generates jobs that can be given arbitrary service times before their deadlines. A task then obtains rewards…

Other Computer Science · Computer Science 2010-07-06 I-Hong Hou , P. R. Kumar

The problem of scheduling with testing in the framework of explorable uncertainty models environments where some preliminary action can influence the duration of a task. In the model, each job has an unknown processing time that can be…

Data Structures and Algorithms · Computer Science 2021-08-20 Susanne Albers , Alexander Eckl

When an AI system interacts with multiple users, it frequently needs to make allocation decisions. For instance, a virtual agent decides whom to pay attention to in a group setting, or a factory robot selects a worker to deliver a part.…

Machine Learning · Computer Science 2019-12-18 Yifang Chen , Alex Cuellar , Haipeng Luo , Jignesh Modi , Heramb Nemlekar , Stefanos Nikolaidis

We consider the problem of managing a bounded size First-In-First-Out (FIFO) queue buffer, where each incoming unit-sized packet requires several rounds of processing before it can be transmitted out. Our objective is to maximize the total…

Networking and Internet Architecture · Computer Science 2012-04-25 Kirill Kogan , Alejandro López-Ortiz , Sergey I. Nikolenko , Alexander V. Sirotkin , Denis Tugaryov

Typically, fair machine learning research focuses on a single decisionmaker and assumes that the underlying population is stationary. However, many of the critical domains motivating this work are characterized by competitive marketplaces…

Computers and Society · Computer Science 2022-09-28 Jessica Dai , Sina Fazelpour , Zachary C. Lipton

Behavioural economists have shown that people are often averse to inequality and will make choices to avoid unequal outcomes. In this paper, we consider how to allocate indivisible goods fairly so as to minimize inequality. We consider how…

Computer Science and Game Theory · Computer Science 2018-10-15 Martin Aleksandrov , Cunjing Ge , Toby Walsh

Fair resource allocation is an important problem in many real-world scenarios, where resources such as goods and chores must be allocated among agents. In this survey, we delve into the intricacies of fair allocation, focusing specifically…

Computer Science and Game Theory · Computer Science 2023-07-24 Shaily Mishra , Manisha Padala , Sujit Gujar

Fair allocation has been studied intensively in both economics and computer science, and fair sharing of resources has aroused renewed interest with the advent of virtualization and cloud computing. Prior work has typically focused on…

Distributed, Parallel, and Cluster Computing · Computer Science 2011-06-15 Danny Dolev , Dror G. Feitelson , Joseph Y. Halpern , Raz Kupferman , Nati Linial

The deployment of Artificial Intelligence in high-risk domains, such as finance and healthcare, necessitates models that are both fair and transparent. While regulatory frameworks, including the EU's AI Act, mandate bias mitigation, they…

Machine Learning · Computer Science 2026-01-28 Jiří Němeček , Mark Kozdoba , Illia Kryvoviaz , Tomáš Pevný , Jakub Mareček