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Very recently, we are witnessing the emergence of a number of start-ups that enables individuals to sell their private data directly to brokers and businesses. While this new paradigm may shift the balance of power between individuals and…
The vast advances in Machine Learning over the last ten years have been powered by the availability of suitably prepared data for training purposes. The future of ML-enabled enterprise hinges on data. As such, there is already a vibrant…
We study mechanism design in environments where agents have private preferences and private information about a common payoff-relevant state. In such settings with multi-dimensional types, standard mechanisms fail to implement efficient…
Privacy is an essential issue in data trading markets. This work uses a mechanism design approach to study the optimal market model to economize the value of privacy of personal data, using differential privacy. The buyer uses a finite…
Allowing organizations to share their data for training of machine learning (ML) models without unintended information leakage is an open problem in practice. A promising technique for this still-open problem is to train models on the…
The value and copyright of training data are crucial in the artificial intelligence industry. Service platforms should protect data providers' legitimate rights and fairly reward them for their contributions. Shapley value, a potent tool…
Market makers play an important role in providing liquidity to markets by continuously quoting prices at which they are willing to buy and sell, and managing inventory risk. In this paper, we build a multi-agent simulation of a dealer…
In this work, we aim to design a data marketplace; a robust real-time matching mechanism to efficiently buy and sell training data for Machine Learning tasks. While the monetization of data and pre-trained models is an essential focus of…
Machine learning (ML) models have become essential tools in various scenarios. Their effectiveness, however, hinges on a substantial volume of data for satisfactory performance. Model marketplaces have thus emerged as crucial platforms…
A personal data market is a platform including three participants: data owners (individuals), data buyers and market maker. Data owners who provide personal data are compensated according to their privacy loss. Data buyers can submit a…
In the digital era, data has become a pivotal asset, advancing technologies such as autonomous driving. Despite this, data trading faces challenges like the absence of robust pricing methods and the lack of trustworthy trading mechanisms.…
Measuring the value of individual samples is critical for many data-driven tasks, e.g., the training of a deep learning model. Recent literature witnesses the substantial efforts in developing data valuation methods. The primary data…
As data marketplaces become increasingly central to the digital economy, it is crucial to design efficient pricing mechanisms that optimize revenue while ensuring fair and adaptive pricing. We introduce the Maximum Auction-to-Posted Price…
The development of machine learning models requires a large amount of training data. Data marketplaces are essential for trading high-quality, private-domain data not publicly available online. However, due to growing data privacy concerns,…
We introduce a novel approach to options trading strategies using a highly scalable and data-driven machine learning algorithm. In contrast to traditional approaches that often require specifications of underlying market dynamics or…
This paper studies the dynamic pricing mechanism for data products in demand-driven markets through a game-theoretic framework. We develop a three-tier Stackelberg game model to capture the hierarchical strategic interactions among key…
One of the most effective approaches to improving the performance of a machine learning model is to procure additional training data. A model owner seeking relevant training data from a data owner needs to appraise the data before acquiring…
Data valuation has garnered increasing attention in recent years, given the critical role of high-quality data in various applications. Among diverse data valuation approaches, Shapley value-based methods are predominant due to their strong…
Data valuation is a ML field that studies the value of training instances towards a given predictive task. Although data bias is one of the main sources of downstream model unfairness, previous work in data valuation does not consider how…
Traditional data valuation methods based on ``row-count $\times$ quality coefficient'' paradigms fail to capture the nuanced, nonlinear contributions that data makes to Large Language Model (LLM) capabilities. This paper presents a dynamic…