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The (static) utility maximization model of Afriat (1967), which is the standard in analysing choice behavior, is under scrutiny. We propose the Dynamic Random Utility Model (DRUM) that is more flexible than the framework of Afriat (1967)…

Theoretical Economics · Economics 2023-08-04 Nail Kashaev , Victor H. Aguiar , Martin Plávala , Charles Gauthier

This paper develops a novel characterization for random utility models (RUM), which turns out to be a dual representation of the characterization by Kitamura and Stoye (2018, ECMA). For a given family of budgets and its "patch"…

Theoretical Economics · Economics 2024-06-19 Nobuo Koida , Koji Shirai

Discrete choice models (DCM) are widely employed in travel demand analysis as a powerful theoretical econometric framework for understanding and predicting choice behaviors. DCMs are formed as random utility models (RUM), with their key…

Machine Learning · Computer Science 2023-06-02 Shadi Haj-Yahia , Omar Mansour , Tomer Toledo

Neural networks (NNs) can achieved high performance in various fields such as computer vision, and natural language processing. However, deploying NNs in resource-constrained safety-critical systems has challenges due to uncertainty in the…

Machine Learning · Computer Science 2024-01-17 Soyed Tuhin Ahmed

Off-the-shelf machine learning algorithms for prediction such as regularized logistic regression cannot exploit the information of time-varying features without previously using an aggregation procedure of such sequential data. However,…

Applications · Statistics 2019-09-26 C. Gary Mena , Arno De Caigny , Kristof Coussement , Koen W. De Bock , Stefan Lessmann

We develop a probabilistic framework for deep learning based on the Deep Rendering Mixture Model (DRMM), a new generative probabilistic model that explicitly capture variations in data due to latent task nuisance variables. We demonstrate…

Machine Learning · Statistics 2016-12-07 Ankit B. Patel , Tan Nguyen , Richard G. Baraniuk

While deep neural networks (DNNs) have been increasingly applied to choice analysis showing high predictive power, it is unclear to what extent researchers can interpret economic information from DNNs. This paper demonstrates that DNNs can…

General Economics · Economics 2021-04-06 Shenhao Wang , Qingyi Wang , Jinhua Zhao

Random Utility Models (RUMs), which subsume Plackett-Luce model (PL) as a special case, are among the most popular models for preference learning. In this paper, we consider RUMs with features and their mixtures, where each alternative has…

Machine Learning · Computer Science 2022-05-04 Zhibing Zhao , Ao Liu , Lirong Xia

In many statistical and econometric applications, we gather individual samples from various interconnected populations that undeniably exhibit common latent structures. Utilizing a model that incorporates these latent structures for such…

Methodology · Statistics 2023-09-19 Archer Gong Zhang , Jiahua Chen

Network Utility Maximization (NUM) provides the key conceptual framework to study resource allocation amongst a collection of users/entities across disciplines as diverse as economics, law and engineering. In network engineering, this…

Systems and Control · Computer Science 2015-03-19 Vinay Joseph , Gustavo de Veciana

This paper integrates deep neural networks (DNNs) into structural economic models to increase flexibility and capture rich heterogeneity while preserving interpretability. Economic structure and machine learning are complements in empirical…

Econometrics · Economics 2025-04-28 Max H. Farrell , Tengyuan Liang , Sanjog Misra

Magnetoresistive random access memory (MRAM) technologies with thermally unstable nanomagnets are leveraged to develop an intrinsic stochastic neuron as a building block for restricted Boltzmann machines (RBMs) to form deep belief networks…

Emerging Technologies · Computer Science 2019-04-01 Ramtin Zand , Kerem Y. Camsari , Supriyo Datta , Ronald F. DeMara

This paper introduces the distributionally robust random utility model (DRO-RUM), which allows the preference shock (unobserved heterogeneity) distribution to be misspecified or unknown. We make three contributions using tools from the…

Theoretical Economics · Economics 2023-03-13 David Müller , Emerson Melo , Ruben Schlotter

This paper introduces an Interpretable Neural Network (INN) incorporating spatial information to tackle the opaque parameterization process of random weighted neural networks. The INN leverages spatial information to elucidate the…

Machine Learning · Computer Science 2024-04-16 Jing Nan , Wei Dai

In this study, an efficient stochastic gradient-free method, the ensemble neural networks (ENN), is developed. In the ENN, the optimization process relies on covariance matrices rather than derivatives. The covariance matrices are…

Machine Learning · Statistics 2019-11-11 Yuntian Chen , Haibin Chang , Meng Jin , Dongxiao Zhang

We propose an optimistic estimate to evaluate the best possible fitting performance of nonlinear models. It yields an optimistic sample size that quantifies the smallest possible sample size to fit/recover a target function using a…

Machine Learning · Computer Science 2023-07-19 Yaoyu Zhang , Zhongwang Zhang , Leyang Zhang , Zhiwei Bai , Tao Luo , Zhi-Qin John Xu

The need for consistent treatment of uncertainty has recently triggered increased interest in probabilistic deep learning methods. However, most current approaches have severe limitations when it comes to inference, since many of these…

In ride-hailing systems, drivers decide whether to accept or reject ride requests based on factors such as order characteristics, traffic conditions, and personal preferences. Accurately predicting these decisions is essential for improving…

Machine Learning · Computer Science 2025-06-24 Weiming Mai , Jie Gao , Oded Cats

In this paper, different strands of literature are combined in order to obtain algorithms for semi-parametric estimation of discrete choice models that include the modelling of unobserved heterogeneity by using mixing distributions for the…

Methodology · Statistics 2022-12-12 Dietmar Bauer , Sebastian Büscher , Manuel Batram

With the rapid development of Deep Learning, more and more applications on the cloud and edge tend to utilize large DNN (Deep Neural Network) models for improved task execution efficiency as well as decision-making quality. Due to memory…

Machine Learning · Computer Science 2024-07-02 Jingran Shen , Nikos Tziritas , Georgios Theodoropoulos