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This paper develops an axiomatic framework for ranking metrics, a general class of functionals for evaluating and ordering financial or insurance positions. Unlike traditional risk-adjusted performance measures-such as the Sharpe ratio,…

Risk Management · Quantitative Finance 2026-04-21 Asmerilda Hitaj , Elisa Mastrogiacomo , Ilaria Peri , Marcelo Righi

In text summarization, evaluating the efficacy of automatic metrics without human judgments has become recently popular. One exemplar work concludes that automatic metrics strongly disagree when ranking high-scoring summaries. In this…

Computation and Language · Computer Science 2020-11-10 Manik Bhandari , Pranav Gour , Atabak Ashfaq , Pengfei Liu

Ranking algorithms are deployed widely to order a set of items in applications such as search engines, news feeds, and recommendation systems. Recent studies, however, have shown that, left unchecked, the output of ranking algorithms can…

Data Structures and Algorithms · Computer Science 2018-07-31 L. Elisa Celis , Damian Straszak , Nisheeth K. Vishnoi

Ranking metrics are a family of metrics largely used to evaluate recommender systems. However they typically suffer from the fact the reward is affected by the order in which recommended items are displayed to the user. A classical way to…

Machine Learning · Statistics 2019-09-18 Alexandre Gilotte

Based on the success of recommender systems in e-commerce, there is growing interest in their use in matching markets (e.g., labor). While this holds potential for improving market fluidity and fairness, we show in this paper that naively…

Information Retrieval · Computer Science 2021-06-04 Yi Su , Magd Bayoumi , Thorsten Joachims

Group fairness metrics are an established way of assessing the fairness of prediction-based decision-making systems. However, these metrics are still insufficiently linked to philosophical theories, and their moral meaning is often unclear.…

Computers and Society · Computer Science 2023-05-03 Joachim Baumann , Corinna Hertweck , Michele Loi , Christoph Heitz

Validation metrics are key for the reliable tracking of scientific progress and for bridging the current chasm between artificial intelligence (AI) research and its translation into practice. However, increasing evidence shows that…

Current practice for evaluating recommender systems typically focuses on point estimates of user-oriented effectiveness metrics or business metrics, sometimes combined with additional metrics for considerations such as diversity and…

Information Retrieval · Computer Science 2023-09-13 Michael D. Ekstrand , Ben Carterette , Fernando Diaz

We increasingly depend on a variety of data-driven algorithmic systems to assist us in many aspects of life. Search engines and recommender systems amongst others are used as sources of information and to help us in making all sort of…

Databases · Computer Science 2021-09-01 Evaggelia Pitoura , Kostas Stefanidis , Georgia Koutrika

Search and recommendation systems, such as search engines, recruiting tools, online marketplaces, news, and social media, output ranked lists of content, products, and sometimes, people. Credit ratings, standardized tests, risk assessments…

Information Retrieval · Computer Science 2021-02-19 Sruthi Gorantla , Amit Deshpande , Anand Louis

The search engine evaluation research has quite a lot metrics available to it. Only recently, the question of the significance of individual metrics started being raised, as these metrics' correlations to real-world user experiences or…

Information Retrieval · Computer Science 2013-02-12 Pavel Sirotkin

For research to go in the right direction, it is essential to be able to compare and quantify performance of different algorithms focused on the same problem. Choosing a suitable evaluation metric requires deep understanding of the pursued…

Machine Learning · Computer Science 2018-12-05 Jan Brabec , Lukas Machlica

Though the statistical analysis of ranking data has been a subject of interest over the past centuries, especially in economics, psychology or social choice theory, it has been revitalized in the past 15 years by recent applications such as…

Statistics Theory · Mathematics 2016-01-05 Eric Sibony , Stéphan Clémençon , Jérémie Jakubowicz

Reasoning about agent preferences on a set of alternatives, and the aggregation of such preferences into some social ranking is a fundamental issue in reasoning about uncertainty and multi-agent systems. When the set of agents and the set…

Computer Science and Game Theory · Computer Science 2012-07-19 Moshe Tennenholtz

Like it or not, attempts to evaluate and monitor the quality of academic research have become increasingly prevalent worldwide. Performance reviews range from at the level of individuals, through research groups and departments, to entire…

Physics and Society · Physics 2017-03-31 R. Kenna , O. Mryglod , B. Berche

Citation recommendation systems have attracted much academic interest, resulting in many studies and implementations. These systems help authors automatically generate proper citations by suggesting relevant references based on the text…

Information Retrieval · Computer Science 2024-12-11 Puja Maharjan

As one of the most pervasive applications of machine learning, recommender systems are playing an important role on assisting human decision making. The satisfaction of users and the interests of platforms are closely related to the quality…

Information Retrieval · Computer Science 2023-08-04 Yunqi Li , Hanxiong Chen , Shuyuan Xu , Yingqiang Ge , Juntao Tan , Shuchang Liu , Yongfeng Zhang

Fairness is an emerging and challenging topic in recommender systems. In recent years, various ways of evaluating and therefore improving fairness have emerged. In this study, we examine existing evaluation measures of fairness in…

Information Retrieval · Computer Science 2024-05-21 Theresia Veronika Rampisela , Maria Maistro , Tuukka Ruotsalo , Christina Lioma

This paper describes a generalizable model evaluation method that can be adapted to evaluate AI/ML models across multiple criteria including core scientific principles and more practical outcomes. Emerging from prediction competitions in…

Machine Learning · Computer Science 2024-03-19 Jason L. Harman , Jaelle Scheuerman

Relevance and fairness are two major objectives of recommender systems (RSs). Recent work proposes measures of RS fairness that are either independent from relevance (fairness-only) or conditioned on relevance (joint measures). While…

Information Retrieval · Computer Science 2024-05-29 Theresia Veronika Rampisela , Tuukka Ruotsalo , Maria Maistro , Christina Lioma