Related papers: How Costly Was That (In)Decision?
We consider a status update communication system consisting of a source-destination link. A stochastic process is observed at the source, where samples are extracted at random time instances, and delivered to the destination, thus,…
In this paper, we define a new measure of the redundancy of information from a fault tolerance perspective. The partial information decomposition (PID) emerged last decade as a framework for decomposing the multi-source mutual information…
We consider an Internet of Things (IoT) system in which a sensor delivers updates to a monitor with exponential service time and first-come-first-served (FCFS) discipline. We investigate the freshness of the received updates and propose a…
In this chapter, we study the consistency of the value of information$\unicode{x2014}$a semantic metric that claims to determine the right piece of information in networked control systems tasks$\unicode{x2014}$in a lossy and delayed…
People tend to behave inconsistently over time due to an inherent present bias. As this may impair performance, social and economic settings need to be adapted accordingly. Common tools to reduce the impact of time-inconsistent behavior are…
In Internet of Things (IoT), the decision timeliness of time-sensitive applications is jointly affected by the statistics of update process and decision process. This work considers an update-and-decision system with a Poisson-arrival…
Prognostic Health Management aims to predict the Remaining Useful Life (RUL) of degrading components/systems utilizing monitoring data. These RUL predictions form the basis for optimizing maintenance planning in a Predictive Maintenance…
This paper considers a distributed stochastic optimization problem where the goal is to minimize the time average of a cost function subject to a set of constraints on the time averages of a related stochastic processes called penalties. We…
We propose a new approach for solving a class of discrete decision making problems under uncertainty with positive cost. This issue concerns multiple and diverse fields such as engineering, economics, artificial intelligence, cognitive…
In this paper we explore the problem of achieving efficient packet transmission over unreliable links with worst case occurrence of errors. In such a setup, even an omniscient offline scheduling strategy cannot achieve stability of the…
Decision makers often need to rely on imperfect probabilistic forecasts. While average performance metrics are typically available, it is difficult to assess the quality of individual forecasts and the corresponding utilities. To convey…
We consider an M/M/1 update-and-decide system where Poisson distributed decisions are made based on the received updates. We propose to characterize the freshness of the received updates at decision epochs with Age upon Decisions (AuD).…
We investigate an infinite-horizon average reward Markov Decision Process (MDP) with delayed, composite, and partially anonymous reward feedback. The delay and compositeness of rewards mean that rewards generated as a result of taking an…
A decision maker's utility depends on her action $a\in A \subset \mathbb{R}^d$ and the payoff relevant state of the world $\theta\in \Theta$. One can define the value of acquiring new information as the difference between the maximum…
A new method is proposed for variable screening, variable selection and prediction in linear regression problems where the number of predictors can be much larger than the number of observations. The method involves minimizing a penalized…
Online decision systems routinely operate under delayed feedback and order-sensitive (noncommutative) dynamics: actions affect which observations arrive, and in what sequence. Taking a Bregman divergence $D_\Phi$ as the loss benchmark, we…
The goal of this article is to investigate how human participants allocate their limited time to decisions with different properties. We report the results of two behavioral experiments. In each trial of the experiments, the participant…
This article proposes a new method to estimate an existing mutual information based dependence measure using histogram density estimates. Finding a suitable bin length for histogram is an open problem. We propose a new way of computing the…
Decision making under uncertainty is at the heart of any autonomous system acting with imperfect information. The cost of solving the decision making problem is exponential in the action and observation spaces, thus rendering it unfeasible…
We examine the effects of different latency penalties in the evaluation of push notification systems, as operationalized in the TREC 2015 Microblog track evaluation. The purpose of this study is to inform the design of metrics for the TREC…