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We can overcome uncertainty with uncertainty. Using randomness in our choices and in what we control, and hence in the decision making process, could potentially offset the uncertainty inherent in the environment and yield better outcomes.…

General Finance · Quantitative Finance 2017-10-06 Ravi Kashyap

In recent years, the rapid development of AI systems has brought about the benefits of intelligent services but also concerns about security and reliability. By fostering appropriate user reliance on an AI system, both complementary team…

Artificial Intelligence · Computer Science 2025-01-22 Gaole He , Patrick Hemmer , Michael Vössing , Max Schemmer , Ujwal Gadiraju

Recommendation systems have wide-spread applications in both academia and industry. Traditionally, performance of recommendation systems has been measured by their precision. By introducing novelty and diversity as key qualities in…

Information Retrieval · Computer Science 2015-01-12 Amin Javari , Mahdi Jalili

Allocating scarce resources among agents to maximize global utility is, in general, computationally challenging. We focus on problems where resources enable agents to execute actions in stochastic environments, modeled as Markov decision…

Multiagent Systems · Computer Science 2011-10-13 D. A. Dolgov , E. H. Durfee

The rapid development of sophisticated machine learning methods, together with the increased availability of financial data, has the potential to transform financial research, but also poses a challenge in terms of validation and…

Computational Finance · Quantitative Finance 2025-05-29 Mateusz Wilinski , Anubha Goel , Alexandros Iosifidis , Juho Kanniainen

Design of recommender systems aimed at achieving high prediction accuracy is a widely researched area. However, several studies have suggested the need for diversified recommendations, with acceptable level of accuracy, to avoid monotony…

Information Retrieval · Computer Science 2020-01-14 Anupriya Gogna , Angshul Majumdar

End-users' trust in automated agents is important as automated decision-making and planning is increasingly used in many aspects of people's lives. In real-world applications of planning, multiple optimization objectives are often involved.…

Human-Computer Interaction · Computer Science 2020-08-04 Roykrong Sukkerd , Reid Simmons , David Garlan

Large-scale recommender systems often face severe latency and storage constraints at prediction time. These are particularly acute when the number of items that could be recommended is large, and calculating predictions for the full set is…

Information Retrieval · Computer Science 2017-09-05 Maciej Kula

In markets such as digital advertising auctions, bidders want to maximize value rather than payoff. This is different to the utility functions typically assumed in auction theory and leads to different strategies and outcomes. We refer to…

Computer Science and Game Theory · Computer Science 2016-07-14 Salman Fadaei , Martin Bichler

Many policy problems involve designing individualized treatment allocation rules to maximize the equilibrium social welfare of interacting agents. Focusing on large-scale simultaneous decision games with strategic complementarities, we…

Econometrics · Economics 2024-11-12 Guanyi Wang

Motivated by programmatic advertising optimization, we consider the task of sequentially allocating budget across a set of resources. At every time step, a feasible allocation is chosen and only a corresponding random return is observed.…

Artificial Intelligence · Computer Science 2024-10-02 Juliette Achddou , Olivier Cappe , Aurélien Garivier

We introduce a new numerical framework to learn optimal bidding strategies in repeated auctions when the seller uses past bids to optimize her mechanism. Crucially, we do not assume that the bidders know what optimization mechanism is used…

Computer Science and Game Theory · Computer Science 2021-02-09 Thomas Nedelec , Jules Baudet , Vianney Perchet , Noureddine El Karoui

We consider a fundamental dynamic allocation problem motivated by the problem of $\textit{securities lending}$ in financial markets, the mechanism underlying the short selling of stocks. A lender would like to distribute a finite number of…

Computer Science and Game Theory · Computer Science 2019-12-16 Emily Diana , Michael Kearns , Seth Neel , Aaron Roth

The optimal allocation of resources for maximizing influence, spread of information or coverage, has gained attention in the past years, in particular in machine learning and data mining. But in applications, the parameters of the problem…

Machine Learning · Computer Science 2017-06-14 Matthew Staib , Stefanie Jegelka

An efficient method for solving large nonlinear problems combines Newton solvers and Domain Decomposition Methods (DDM). In the DDM framework, the boundary conditions can be chosen to be primal, dual or mixed. The mixed approach presents…

Numerical Analysis · Mathematics 2018-02-07 Camille Negrello , Pierre Gosselet , Christian Rey

We study the problem of modeling purchase of multiple products and utilizing it to display optimized recommendations for online retailers and e-commerce platforms. We present a parsimonious multi-purchase family of choice models called the…

Information Retrieval · Computer Science 2023-08-08 Theja Tulabandhula , Deeksha Sinha , Saketh Reddy Karra , Prasoon Patidar

Autonomous agents are limited in their ability to observe the world state. Partially observable Markov decision processes (POMDPs) formally model the problem of planning under world state uncertainty, but POMDPs with continuous actions and…

Robotics · Computer Science 2020-07-08 Dicong Qiu , Yibiao Zhao , Chris L. Baker

Sample-efficient exploration is crucial not only for discovering rewarding experiences but also for adapting to environment changes in a task-agnostic fashion. A principled treatment of the problem of optimal input synthesis for system…

Machine Learning · Computer Science 2019-10-10 Matthias Schultheis , Boris Belousov , Hany Abdulsamad , Jan Peters

Contemporary recommender systems act as intermediaries on multi-sided platforms serving high utility recommendations from sellers to buyers. Such systems attempt to balance the objectives of multiple stakeholders including sellers, buyers,…

Artificial Intelligence · Computer Science 2020-09-09 Harshal A. Chaudhari , Sangdi Lin , Ondrej Linda

We consider the problem of determining a binary ground truth using advice from a group of independent reviewers (experts) who express their guess about a ground truth correctly with some independent probability (competence). In this…

Machine Learning · Computer Science 2023-12-20 Ben Abramowitz , Omer Lev , Nicholas Mattei