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Researchers today have found out the importance of Artificial Intelligence, and Machine Learning in our daily lives, as well as they can be used to improve the quality of our lives as well as the cities and nations alike. An example of this…

计算机与社会 · 计算机科学 2021-05-18 Karampudi Radha , Mekala Rohith

We determine the optimal amount of life insurance for a household of two wage earners. We consider the simple case of exponential utility, thereby removing wealth as a factor in buying life insurance, while retaining the relationship among…

投资组合管理 · 定量金融 2013-06-28 Erhan Bayraktar , Virginia R. Young

This paper develops a new data-driven approach to characterizing latent worker skill and job task heterogeneity by applying an empirical tool from network theory to large-scale Brazilian administrative data on worker--job matching. We…

综合经济学 · 经济学 2023-11-03 Jamie Fogel , Bernardo Modenesi

We use algorithmic and network-based tools to build and analyze the bipartite network connecting jobs with the skills they require. We quantify and represent the relatedness between jobs and skills by using statistically validated networks.…

综合经济学 · 经济学 2023-04-12 Sabrina Aufiero , Giordano De Marzo , Angelica Sbardella , Andrea Zaccaria

Estimating the capabilities, or inputs of production, that drive and constrain the economic development of urban areas has remained a challenging goal. We posit that capabilities are instantiated in the complexity and sophistication of…

物理与社会 · 物理学 2021-09-17 Andres Gomez-Lievano , Oscar Patterson-Lomba

Score matching estimators have garnered significant attention in recent years because they eliminate the need to compute normalizing constants, thereby mitigating the computational challenges associated with maximum likelihood estimation…

机器学习 · 计算机科学 2025-12-05 Haoqun Cao , Yixuan Zhang , Feng Zhou

This paper tackles challenges in pricing and revenue projections due to consumer uncertainty. We propose a novel data-based approach for firms facing unknown consumer type distributions. Unlike existing methods, we assume firms only observe…

理论经济学 · 经济学 2024-05-28 Duarte Gonçalves , Bruno A. Furtado

The global workforce is urged to constantly reskill, as technological change favours particular new skills while making others redundant. But which skills are a good investment for workers and firms? As skills are seldomly applied in…

综合经济学 · 经济学 2023-11-20 Fabian Stephany , Ole Teutloff

This paper explores different methods to estimate prices paid per efficiency unit of labor in panel data. We study the sensitivity of skill price estimates to different assumptions regarding workers' choice problem, identification…

综合经济学 · 经济学 2021-11-25 Michael J. Böhm , Hans-Martin von Gaudecker

We consider "time-of-use" pricing as a technique for matching supply and demand of temporal resources with the goal of maximizing social welfare. Relevant examples include energy, computing resources on a cloud computing platform, and…

计算机科学与博弈论 · 计算机科学 2017-04-11 Shuchi Chawla , Nikhil R. Devanur , Alexander E. Holroyd , Anna Karlin , James Martin , Balasubramanian Sivan

Score matching is an alternative to maximum likelihood (ML) for estimating a probability distribution parametrized up to a constant of proportionality. By fitting the ''score'' of the distribution, it sidesteps the need to compute this…

机器学习 · 计算机科学 2023-06-06 Chirag Pabbaraju , Dhruv Rohatgi , Anish Sevekari , Holden Lee , Ankur Moitra , Andrej Risteski

The problem of determining the value of statistical life in Ukraine in order to find ways to improve it is an urgent one now. The current level of value is analyzed, which is a direct consequence of the poor quality of life of a citizen,…

综合经济学 · 经济学 2023-02-08 Stanislav Levytskyi , Oleksandr Gneushev , Vasyl Makhlinets

Score matching estimators have gained widespread attention in recent years partly because they are free from calculating the integral of normalizing constant, thereby addressing the computational challenges in maximum likelihood estimation…

机器学习 · 统计学 2024-10-08 Haoqun Cao , Zizhuo Meng , Tianjun Ke , Feng Zhou

We introduce an extension to Merton's famous continuous time model of optimal consumption and investment, in the spirit of previous works by Pliska and Ye, to allow for a wage earner to have a random lifetime and to use a portion of the…

投资组合管理 · 定量金融 2011-02-14 I. Duarte , D. Pinheiro , A. A. Pinto , S. R. Pliska

Information value, a measure for decision sensitivity, can provide essential information in engineering and environmental assessments. It quantifies the potential for improved decision-making when reducing uncertainty in specific inputs. By…

The log-likelihood of a generative model often involves both positive and negative terms. For a temporal multivariate point process, the negative term sums over all the possible event types at each time and also integrates over all the…

机器学习 · 计算机科学 2020-11-03 Hongyuan Mei , Tom Wan , Jason Eisner

This paper introduces measures for how each moment contributes to the precision of parameter estimates in GMM settings. For example, one of the measures asks what would happen to the variance of the parameter estimates if a particular…

计量经济学 · 经济学 2020-01-09 Bo Honore , Thomas Jorgensen , Aureo de Paula

We study matching markets with ties, where workers on one side of the market may have tied preferences over jobs, determined by their matching utilities. Unlike classical two-sided markets with strict preferences, no single stable matching…

计算机科学与博弈论 · 计算机科学 2025-10-23 Shiyun Lin , Simon Mauras , Nadav Merlis , Vianney Perchet

We study the problem of position allocation in job marketplaces, where the platform determines the ranking of the jobs for each seeker. The design of ranking mechanisms is critical to marketplace efficiency, as it influences both short-term…

计算机科学与博弈论 · 计算机科学 2025-04-07 Farzad Pourbabaee , Sophie Yanying Sheng , Peter McCrory , Luke Simon , Di Mo

We consider the well-studied game-theoretic version of machine scheduling in which jobs correspond to self-interested users and machines correspond to resources. Here each user chooses a machine trying to minimize her own cost, and such…

计算机科学与博弈论 · 计算机科学 2019-12-18 Cong Chen , Paolo Penna , Yinfeng Xu
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