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We consider a contracting problem in which a principal hires an agent to manage a risky project. When the agent chooses volatility components of the output process and the principal observes the output continuously, the principal can…

Portfolio Management · Quantitative Finance 2015-03-17 Jakša Cvitanić , Dylan Possamaï , Nizar Touzi

We propose to study electricity capacity remuneration mechanism design through a Principal-Agent approach. The Principal represents the aggregation of electricity consumers (or a representative entity), subject to the physical risk of…

General Economics · Economics 2020-09-02 Clémence Alasseur , Heythem Farhat , Marcelo Saguan

Large language model (LLM)-based agents are increasingly trained with reinforcement learning (RL) to enhance their ability to interact with external environments through tool use, particularly in search-based settings that require…

Computation and Language · Computer Science 2026-03-25 Guoqing Wang , Sunhao Dai , Guangze Ye , Zeyu Gan , Wei Yao , Yong Deng , Xiaofeng Wu , Zhenzhe Ying

The Quantum Approximate Optimization Algorithm (QAOA) has emerged as a promising variational quantum algorithm for addressing NP hard combinatorial optimization problems. However, a significant limitation lies in optimizing its classical…

Quantum Physics · Physics 2023-09-22 Peter Gleißner , Georg Kruse , Andreas Roßkopf

Solving real-life sequential decision making problems under partial observability involves an exploration-exploitation problem. To be successful, an agent needs to efficiently gather valuable information about the state of the world for…

Machine Learning · Computer Science 2020-11-03 Haiyan Yin , Yingzhen Li , Sinno Jialin Pan , Cheng Zhang , Sebastian Tschiatschek

The neural combinatorial optimization (NCO) method has shown great potential for solving routing problems of intelligent transportation systems without requiring expert knowledge. However, existing constructive NCO methods still struggle to…

Artificial Intelligence · Computer Science 2026-05-26 Changliang Zhou , Xi Lin , Zhenkun Wang , Xialiang Tong , Mingxuan Yuan , Qingfu Zhang

We study the classic principal-agent model when the signal observed by the principal is chosen by the agent. We fully characterize the optimal information structure from an agent's perspective in a general moral hazard setting with limited…

Theoretical Economics · Economics 2023-07-25 Majid Mahzoon , Ali Shourideh , Ariel Zetlin-Jones

We present a proximal policy optimization (PPO) agent trained through curriculum learning (CL) principles and meticulous reward engineering to optimize a real-world high-throughput waste sorting facility. Our work addresses the challenge of…

Machine Learning · Computer Science 2024-07-24 Abhijeet Pendyala , Asma Atamna , Tobias Glasmachers

This paper studies a dynamic screening model in which a principal hires an agent with limited liability. The agent's private cost of working is an i.i.d. draw from a continuous distribution. His working status is publicly observable. The…

Theoretical Economics · Economics 2025-11-26 Yijun Liu

Effective exploration is crucial to discovering optimal strategies for multi-agent reinforcement learning (MARL) in complex coordination tasks. Existing methods mainly utilize intrinsic rewards to enable committed exploration or use…

Machine Learning · Computer Science 2024-03-04 Zeyang Liu , Lipeng Wan , Xinrui Yang , Zhuoran Chen , Xingyu Chen , Xuguang Lan

Direct alignment algorithms (DAAs), such as direct preference optimization (DPO), have become popular alternatives for Reinforcement Learning from Human Feedback (RLHF) due to their simplicity, efficiency, and stability. However, the…

Machine Learning · Computer Science 2024-10-15 Jongwoo Ko , Saket Dingliwal , Bhavana Ganesh , Sailik Sengupta , Sravan Bodapati , Aram Galstyan

The problem of computing near-optimal contracts in combinatorial settings has recently attracted significant interest in the computer science community. Previous work has provided a rich body of structural and algorithmic insights into this…

Computer Science and Game Theory · Computer Science 2025-06-26 Michal Feldman , Yoav Gal-Tzur , Tomasz Ponitka , Maya Schlesinger

We revisit the Stochastic Knapsack problem, where a policy-maker chooses an execution order for jobs with fixed values and stochastic running-times, aiming to maximize the value completed by a deadline. Dean et al. (FOCS'04) show that…

Computer Science and Game Theory · Computer Science 2026-02-18 Zohar Barak , Asnat Berlin , Ilan Reuven Cohen , Alon Eden , Omri Porat , Inbal Talgam-Cohen

We study the Joint Routing-Assignment (JRA) problem in which items must be assigned one-to-one to placeholders while simultaneously determining a Hamiltonian cycle visiting all nodes exactly once. Extending previous exact MIP solvers with…

Artificial Intelligence · Computer Science 2025-12-23 Yuan Qilong , Michal Pavelka

Optimal stopping is the problem of deciding when to stop a stochastic system to obtain the greatest reward, arising in numerous application areas such as finance, healthcare and marketing. State-of-the-art methods for high-dimensional…

Optimization and Control · Mathematics 2020-01-01 Dragos Florin Ciocan , Velibor V. Mišić

Reinforcement learning is commonly concerned with problems of maximizing accumulated rewards in Markov decision processes. Oftentimes, a certain goal state or a subset of the state space attain maximal reward. In such a case, the…

Artificial Intelligence · Computer Science 2024-08-23 Pavel Osinenko , Grigory Yaremenko , Georgiy Malaniya , Anton Bolychev , Alexander Gepperth

A default assumption in the design of reinforcement-learning algorithms is that a decision-making agent always explores to learn optimal behavior. In sufficiently complex environments that approach the vastness and scale of the real world,…

Machine Learning · Computer Science 2024-07-23 Dilip Arumugam , Saurabh Kumar , Ramki Gummadi , Benjamin Van Roy

Multicriteria adjustable robust optimization (MARO) problems arise in a wide variety of practical settings, for example, in the design of a building's energy supply. However, no general approaches, neither for the characterization of…

Optimization and Control · Mathematics 2024-06-13 Elisabeth Halser , Elisabeth Finhold , Neele Leithäuser , Jan Schwientek , Katrin Teichert , Karl-Heinz Küfer

Despite large neural networks demonstrating remarkable abilities to complete different tasks, they require excessive memory usage to store the optimization states for training. To alleviate this, the low-rank adaptation (LoRA) is proposed…

Machine Learning · Computer Science 2024-06-14 Yongchang Hao , Yanshuai Cao , Lili Mou

Quantum computing exploits basic quantum phenomena such as state superposition and entanglement to perform computations. The Quantum Approximate Optimization Algorithm (QAOA) is arguably one of the leading quantum algorithms that can…

Machine Learning · Computer Science 2022-06-16 Sami Khairy , Ruslan Shaydulin , Lukasz Cincio , Yuri Alexeev , Prasanna Balaprakash