809 Hits in 8.8 sec

Uncertainty and the Social Planner's Problem: Why Sample Complexity Matters

Cyrus Cousins
2022 2022 ACM Conference on Fairness, Accountability, and Transparency  
Welfare measures overall utility across a population, whereas malfare measures overall disutility, and the social planner's problem can be cast either as maximizing the former or minimizing the latter.  ...  We then study algorithmic fairness through the lens of sample complexity, finding that because marginalized or minority groups are often understudied, and fewer data are therefore available, the social  ...  ACKNOWLEDGMENTS This work was supported in part by NSF award RI-1813444 and DARPA/AFRL grant FA8750.  ... 
doi:10.1145/3531146.3533243 fatcat:ifq6sxlcqvcgxh2uuzvpbi55im

Identification problems and decisions under ambiguity: Empirical analysis of treatment response and normative analysis of treatment choice

Charles F. Manski
2000 Journal of Econometrics  
The main ideas are given speci"c form through consideration of the treatment choice problem of a planner who observes the treatments and outcomes realized in a classical randomized experiment, but who  ...  This paper develops general themes about decisions under ambiguity, next specializes to problems of treatment choice under ambiguity, and then shows how identi"cation problems induce ambiguity in treatment  ...  Statistical problems of induction from "nite samples to populations generate further ambiguity. Section 6 gives a brief discussion.  ... 
doi:10.1016/s0304-4076(99)00045-7 fatcat:kj5z2tqqwjf5xhizgwywp6v76a

Econometric Methods for the Analysis of Assignment Problems in the Presence of Complementarity and Social Spillovers [chapter]

Bryan S. Graham
2011 Handbook of Social Economics  
I discuss the identification and estimation of the distributional effects of partner reassignment in one-on-one matching models, the average outcome and inequality effects of segregation, and treatment  ...  Concern over the distributional effects of policies which induce changes in peer group structure, or 'associational redistributions' (Durlauf, 1996c) , motivates a substantial body of theoretical and empirical  ...  Before considering their solution it is helpful to underscore why the planner's problem is, at least on the surface, a challenging one.  ... 
doi:10.1016/b978-0-444-53707-2.00002-5 fatcat:5t65a7rs2zhkzbbe5n44p4xw2a

Default Rules in Inheritance Law: A Problem in Search of its Context

Adam J. Hirsch
2004 Social Science Research Network  
That the degree of positive feelings between persons is a function of the frequency of their interaction is an old and fundamental  ...  When children have little contact, however, distinctions between half-siblings and full siblings are more common; in these situations the "sibling" part of the label "half-sibling" is the meaningless abstraction  ...  More generally, why have the contract scholars' trove of insights concerning this generic problem received so little comparative attention?  ... 
doi:10.2139/ssrn.520483 fatcat:3xjdd4gq2ng5hmddl7ehvy5f7q

Channeling Metropolitan Growth: In What Direction, toward Which End?

Dale L. Keyes
1979 Law & Contemporary Problems  
A sample of these follows.  ...  They serve rather to redefine the problem.  ... 
doi:10.2307/1191196 fatcat:2zoox25wwjabxbx5er2qk62cvm

Treatment Choice in Heterogeneous Populations Using Experiments without Covariate Data (Invited Paper) [article]

Charles F. Manski
2013 arXiv   pre-print
However the planner cannot implement this rule. I draw on my work on nonparametric analysis of treatment response to address the planner's problem.  ...  I examine the problem of treatment choice when a planner observes (i) covariates that describe each member of a population of interest and (ii) the outcomes of an experiment in which subjects randomly  ...  Acknowledgments The research reported here is supported in part by National Science Foundation Grant SBR-9722846. I am grateful to John Pepper and two anonymous reviewers for helpful comments.  ... 
arXiv:1301.7400v1 fatcat:4rnsmsnkyffu7obg2himodsz54

Solution of Macromodels with Hansen-Sargent Robust Policies: Summary and Some Extensions

Paolo Giordani, Paul Soderlind
2002 Social Science Research Network  
We summarize some methods useful in formulating and solving Hansen-Sargent robust control problems, and suggest extensions to discretion and simple rules.  ...  If the law of motion is completely backward looking, the planner's commitment technology is irrelevant. Hansen and Sargent (2002) provide a complete treatment of the robust version of this case.  ...  The larger the sample (for a given probability), the higher θ, so the uncertainty surrounding the approximating model disappears as the sample goes to infinity.  ... 
doi:10.2139/ssrn.317659 fatcat:2asznu6tgzc7jgzijt2rfmbfay

Tempest in a teapot: The exaggerated problem of transport-related residential self-selection as a source of error in empirical studies

Petter Naess
2014 Journal of Transport and Land Use  
not very well-founded. a 1 In some of the literature on urban form, travel behavior and residential self-selection (e.g., Cao 2010 and Cao et al. 2010) , the latter concept is used  ...  The doubts raised by certain scholars about the implications of attitude-based residential self-selection for the validity of the knowledge base of land use and transportation policies thus appear to be  ...  Self-selection as a methodological problem In standard literature on social science surveying methods, self-selected samples are mentioned as an important source of error (see, e.g., Heckman 1979) .  ... 
doi:10.5198/jtlu.v7i3.491 fatcat:bzwmxv2yhvfz7c5ptynx74q3oi

To Thine Own Self Be True? Incentive Problems in Personalized Law

Jordan Barry, John William Hatfield, Scott Duke Kominers
2020 Social Science Research Network  
Commentators foresee a world in which regulators armed with big data and machine learning techniques determine the optimal legal rule for every regulated party, then instantaneously disseminate their decisions  ...  via smartphones and other "smart"  ...  From a social planner's perspective, a 29 percent tax rate would likely be preferable to the 20 percent posited in the text, as it would raise more revenue and raise fewer horizontal equity concerns. 133  ... 
doi:10.2139/ssrn.3536174 fatcat:a4q6ey6c5zhfpkasvpfikgfht4

Managing Capital Flows in the Presence of External Risks

Ricardo Reyes-Heroles, Gabriel Tenorio
2017 International Finance Discussion Paper  
We solve for the optimal policy and argue that the size of a tax on international borrowing that implements the policy depends on two factors, the incidence and the severity of potential future crises.  ...  volatility, and that the size of the optimal tax is non-monotonic with respect to external shocks.  ...  The decomposition of the optimal tax on debt shows that the relations between external shocks and the incentives on the planner's problem are complex.  ... 
doi:10.17016/ifdp.2017.1213 fatcat:k4ctqmt7rbg2zelusnjepg25se

Discrete Choice with Social Interactions

W. A. Brock, S. N. Durlauf
2001 The Review of Economic Studies  
Finally, a likelihood function based on the theoretical model is given and conditions for the econometric identifiability of the model are established.  ...  The properties of the noncooperative economy are contrasted with the properties of an economy in which a social planner determines the set of individual choices.  ...  The Vilas Trust, Romnes Trust, National Science Foundation, and John D. and Catherine T. MacArthur Foundation have generously provided financial support.  ... 
doi:10.1111/1467-937x.00168 fatcat:xxxgirrr75a73nw7z2tcvubnqy

The incorporation of target performance measures and constrained optimisation in the newsboy problem

M A Pearson
2000 Journal of the Operational Research Society  
Uncertainty, inspection policies, and sampling The buyer uses inspection to accept and reject lots deliv- ered by the supplier and to estimate the quality of the delivered lots.  ...  Other papers assume specific demand distributions and analyse more complex aspects of the Newsboy problem.  ... 
doi:10.1057/palgrave.jors.2602153 fatcat:s4cqcq6fwbeblkwk6wst7sioee

Hub Location Problems: The Location of Interacting Facilities [chapter]

Bahar Y. Kara, Mehmet R. Taner
2011 International Series in Operations Research and Management Science  
The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they  ...  Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden.  ...  The MIT Press, Cambridge Bertrand J (1883) Theorie mathematique de la richesse sociale.  ... 
doi:10.1007/978-1-4419-7572-0_12 fatcat:skbs7zlmqjb5pk2swpw3yxemna

The Asian Financial Crisis and international reserve accumulation: A robust control approach

Sang Seok Lee, Paul Luk
2018 Journal of Economic Dynamics and Control  
Using Korean data, we estimate a simple permanent income model augmented with model uncertainty, find a structural break at the point of the Asian Financial Crisis, and identify a rise in concern for model  ...  JEL classification: D81 D83 F41 Keywords: The Asian Financial Crisis International reserves Structural breaks Model uncertainty Robust control and learning a b s t r a c t Standard macroeconomic models  ...  Through this exercise, we can gauge by how much the social planner's perceived amount of model uncertainty increased after the Asian Financial Crisis.  ... 
doi:10.1016/j.jedc.2018.03.010 fatcat:sfk6fwb6snfwbj53xj7mwp37we

Computer Programs, User Interfaces, and Section 102(b) of the Copyright Act of 1976: A Critique of Lotus v. Paperback

Pamela Samuelson
1992 Law & Contemporary Problems  
interface as a "literal" or "nonliteral" element of a computer program is a more complex intellectual problem than the Paperback opinion might suggest. 3 0 But for purposes of this section, it will suffice  ...  A language is, by definition, a formal system consisting of three elements: a vocabulary, a syntax, and semantics. 116 There was evidence in the record demonstrating why, as a matter of computer science  ...  incentives to invest in the socially desirable activity of compiling information.  ... 
doi:10.2307/1191788 fatcat:rhd655amazdinbvtlkrpvsib34
« Previous Showing results 1 — 15 out of 809 results