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Related papers: Randomization and ambiguity perception

200 papers

The rapid adaptation ability of auto-regressive foundation models is often attributed to the diversity of their pre-training data. This is because, from a Bayesian standpoint, minimizing prediction error in such settings requires…

Machine Learning · Computer Science 2025-06-23 Leo Gagnon , Eric Elmoznino , Sarthak Mittal , Tom Marty , Tejas Kasetty , Dhanya Sridhar , Guillaume Lajoie

We consider a decision maker who is unaware of objects to be sampled and thus cannot form beliefs about the occurrence of particular objects. Ex ante she can form beliefs about the occurrence of novelty and the frequencies of yet to be…

Theoretical Economics · Economics 2025-02-21 Burkhard C. Schipper

In nature, active inference agents must learn how observations of the world represent the state of the agent. In engineering, the physics behind sensors is often known reasonably accurately and measurement functions can be incorporated into…

Systems and Control · Electrical Eng. & Systems 2024-09-20 Wouter M. Kouw

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

Behavioural economics provides labels for patterns in human economic behaviour. Probability weighting is one such label. It expresses a mismatch between probabilities used in a formal model of a decision (i.e. model parameters) and…

Theoretical Economics · Economics 2020-05-04 Ole Peters , Alexander Adamou , Mark Kirstein , Yonatan Berman

Consider a predictor who ranks eventualities on the basis of past cases: for instance a search engine ranking webpages given past searches. Resampling past cases leads to different rankings and the extraction of deeper information. Yet a…

Theoretical Economics · Economics 2021-03-04 Patrick H. O'Callaghan

This paper introduces a novel approach to bolster algorithmic fairness in scenarios where sensitive information is only partially known. In particular, we propose to leverage instances with uncertain identity with regards to the sensitive…

Machine Learning · Computer Science 2024-06-28 Ainhize Barrainkua , Paula Gordaliza , Jose A. Lozano , Novi Quadrianto

In many choice problems, the interaction between several distinct variables determines the payoff of each alternative. I propose and axiomatize a model of a decision maker who recognizes that she may not accurately perceive the correlation…

Theoretical Economics · Economics 2021-05-28 Andrew Ellis

Detecting ambiguity is important for language understanding, including uncertainty estimation, humour detection, and processing garden path sentences. We assess language models' sensitivity to ambiguity by introducing an adversarial…

Computation and Language · Computer Science 2025-06-03 Antonia Karamolegkou , Oliver Eberle , Phillip Rust , Carina Kauf , Anders Søgaard

We study a model of electoral accountability and selection whereby heterogeneous voters aggregate incumbent politician's performance data into personalized signals through paying limited attention. Extreme voters' signals exhibit an…

Theoretical Economics · Economics 2023-04-05 Anqi Li , Lin Hu

Real-world data often exhibits sequential dependence, across diverse domains such as human behavior, medicine, finance, and climate modeling. Probabilistic methods capture the inherent uncertainty associated with prediction in these…

Machine Learning · Statistics 2024-03-08 Alex Boyd

This paper proposes a careful separation between an entity's epistemic system and their decision system. Crucially, Bayesian counterfactuals are estimated by the epistemic system; not by the decision system. Based on this remark, I prove…

Theoretical Economics · Economics 2020-08-11 Lê Nguyên Hoang

In many areas of data mining, data is collected from humans beings. In this contribution, we ask the question of how people actually respond to ordinal scales. The main problem observed is that users tend to be volatile in their choices,…

Human-Computer Interaction · Computer Science 2017-03-01 Kevin Jasberg , Sergej Sizov

The paper adresses the problem of reasoning with ambiguities. Semantic representations are presented that leave scope relations between quantifiers and/or other operators unspecified. Truth conditions are provided for these representations…

cmp-lg · Computer Science 2008-02-03 Uwe Reyle

A representative researcher has repeated opportunities for empirical research. To process findings, she must impose an "identifying assumption." She conducts research when the assumption is sufficiently plausible (taking into account both…

Theoretical Economics · Economics 2025-01-17 Andrew Ellis , Ran Spiegler

This paper proposes and axiomatizes a new updating rule: Relative Maximum Likelihood (RML) for ambiguous beliefs represented by a set of priors (C). This rule takes the form of applying Bayes' rule to a subset of C. This subset is a linear…

Theoretical Economics · Economics 2024-10-15 Xiaoyu Cheng

People naturally bring their prior beliefs to bear on how they interpret the new information, yet few formal models exist for accounting for the influence of users' prior beliefs in interactions with data presentations like visualizations.…

Human-Computer Interaction · Computer Science 2019-01-11 Yea-Seul Kim , Logan A Walls , Peter Krafft , Jessica Hullman

Economists often estimate economic models on data and use the point estimates as a stand-in for the truth when studying the model's implications for optimal decision-making. This practice ignores model ambiguity, exposes the decision…

Econometrics · Economics 2021-10-07 Maximilian Blesch , Philipp Eisenhauer

We suggest that one individual holds multiple degrees of belief about an outcome, given the evidence. We then investigate the implications of such noisy probabilities for a buyer and a seller of binary options and find the odds agreed upon…

Theoretical Economics · Economics 2018-12-03 Ulrik W. Nash

Can AI agents predict whether they will succeed at a task? We study agentic uncertainty by eliciting success probability estimates before, during, and after task execution. All results exhibit agentic overconfidence: some agents that…

Artificial Intelligence · Computer Science 2026-02-09 Jean Kaddour , Srijan Patel , Gbètondji Dovonon , Leo Richter , Pasquale Minervini , Matt J. Kusner