Related papers: Justice as a Social Bargain and Optimization Probl…
Identifying mechanisms able to sustain costly cooperation among self-interested agents is a central problem across social and biological sciences. One possible solution is peer punishment: when agents have an opportunity to sanction…
A computational model for the distribution of wealth among the members of an ideal society is presented. It is determined that a realistic distribution of wealth depends upon two mechanisms: an asymmetric flux of wealth in trading…
Across machine learning (ML) sub-disciplines, researchers make explicit mathematical assumptions in order to facilitate proof-writing. We note that, specifically in the area of fairness-accuracy trade-off optimization scholarship, similar…
We consider transferable-utility profit-sharing games that arise from settings in which agents need to jointly choose one of several alternatives, and may use transfers to redistribute the welfare generated by the chosen alternative. One…
Economies and societal structures in general are complex stochastic systems which may not lend themselves well to algebraic analysis. An addition of subjective value criteria to the mechanics of interacting agents will further complicate…
Efforts to promote equitable public policy with algorithms appear to be fundamentally constrained by the "impossibility of fairness" (an incompatibility between mathematical definitions of fairness). This technical limitation raises a…
The basic problem in the cooperation theory is to justify the cooperation. Here we propose a new approach, where players are driven by their altruism to cooperate or not. The probability of cooperation depends also on the co-player's…
The latest developments in AI focus on agentic systems where artificial and human agents cooperate to realize global goals. An example is collaborative learning, which aims to train a global model based on data from individual agents. A…
Reputations provide a powerful mechanism to sustain cooperation, as individuals cooperate with those of good social standing. But how should moral reputations be updated as we observe social behavior, and when will a population converge on…
Altruistic lobbying is lobbying in the public interest or in the interest of the least protected part of the society. In fact, an altruist has a wide range of strategies, from behaving in the interest of the society as a whole to the…
City road infrastructure is a public good, and over-consumption by self-interested, rational individuals leads to traffic jams. Congestion pricing is effective in reducing demand to sustainable levels, but also controversial, as it…
The idea of "data justice" is of recent academic vintage. It has arisen over the past decade in Anglo-European research institutions as an attempt to bring together a critique of the power dynamics that underlie accelerating trends of…
We study the range of prices at which a rational agent should contemplate transacting a financial contract outside a given securities market. Trading is subject to nonproportional transaction costs and portfolio constraints and full…
Algorithms are unavoidable in our social lives, yet often perpetuate social injustices. The popular means of addressing this is through algorithmic reformism: fine-tuning algorithms themselves to be more fair, accountable, and transparent.…
A system of non-tradable credits that flow between individuals like karma, hence proposed under that name, is a mechanism for repeated resource allocation that comes with attractive efficiency and fairness properties, in theory. In this…
Economic experiments reveal that humans value cooperation and fairness. Punishing unfair behavior is therefore common, and according to the theory of strong reciprocity, it is also directly related to rewarding cooperative behavior.…
It has become trivial to point out how decision-making processes in various social, political and economical sphere are assisted by automated systems. Improved efficiency, the hallmark of these systems, drives the mass scale integration of…
Institutions and investors face the constant challenge of making accurate decisions and predictions regarding how best they should distribute their endowments. The problem of achieving an optimal outcome at minimal cost has been extensively…
Fairness assumptions are a valuable tool when reasoning about systems. In this paper, we classify several fairness properties found in the literature and argue that most of them are too restrictive for many applications. As an alternative…
Functions or 'functionings' enable to give a structure to any activity and their combinations constitute the capabilities which characterize economic assets such as work utility. The basic law of supply and demand naturally emerges from…