Do you want to publish a course? Click here

Spherical Preferences

37   0   0.0 ( 0 )
 Added by Federico Echenique
 Publication date 2019
  fields Economy
and research's language is English




Ask ChatGPT about the research

We introduce and study the property of orthogonal independence, a restricted additivity axiom applying when alternatives are orthogonal. The axiom requires that the preference for one marginal change over another should be maintained after each marginal change has been shifted in a direction that is orthogonal to both. We show that continuous preferences satisfy orthogonal independence if and only if they are spherical: their indifference curves are spheres with the same center, with preference being monotone either away or towards the center. Spherical preferences include linear preferences as a special (limiting) case. We discuss different applications to economic and political environments. Our result delivers Euclidean preferences in models of spatial voting, quadratic welfare aggregation in social choice, and expected utility in models of choice under uncertainty.



rate research

Read More

54 - Marc Henry , Ivan Sidorov 2020
We propose a model of labor market sector self-selection that combines comparative advantage, as in the Roy model, and sector composition preference. Two groups choose between two sectors based on heterogeneous potential incomes and group compositions in each sector. Potential incomes incorporate group specific human capital accumulation and wage discrimination. Composition preferences are interpreted as reflecting group specific amenity preferences as well as homophily and aversion to minority status. We show that occupational segregation is amplified by the composition preferences and we highlight a resulting tension between redistribution and diversity. The model also exhibits tipping from extreme compositions to more balanced ones. Tipping occurs when a small nudge, associated with affirmative action, pushes the system to a very different equilibrium, and when the set of equilibria changes abruptly when a parameter governing the relative importance of pecuniary and composition preferences crosses a threshold.
Assessors make preference judgments faster and more consistently than graded judgments. Preference judgments can also recognize distinctions between items that appear equivalent under graded judgments. Unfortunately, preference judgments can require more than linear effort to fully order a pool of items, and evaluation measures for preference judgments are not as well established as those for graded judgments, such as NDCG. In this paper, we explore the assessment process for partial preference judgments, with the aim of identifying and ordering the top items in the pool, rather than fully ordering the entire pool. To measure the performance of a ranker, we compare its output to this preferred ordering by applying a rank similarity measure.We demonstrate the practical feasibility of this approach by crowdsourcing partial preferences for the TREC 2019 Conversational Assistance Track, replacing NDCG with a new measure named compatibility. This new measure has its most striking impact when comparing modern neural rankers, where it is able to recognize significant improvements in quality that would otherwise be missed by NDCG.
We study revenue-optimal pricing and driver compensation in ridesharing platforms when drivers have heterogeneous preferences over locations. If a platform ignores drivers location preferences, it may make inefficient trip dispatches; moreover, drivers may strategize so as to route towards their preferred locations. In a model with stationary and continuous demand and supply, we present a mechanism that incentivizes drivers to both (i) report their location preferences truthfully and (ii) always provide service. In settings with unconstrained driver supply or symmetric demand patterns, our mechanism achieves (full-information) first-best revenue. Under supply constraints and unbalanced demand, we show via simulation that our mechanism improves over existing mechanisms and has performance close to the first-best.
80 - Yerali Gandica 2018
In this work, we are interested in the inner-cultural background shaping broad peoples preferences. Our interest is also to track this human footprint, as it has the tendency to disappear due to the nowadays globalization. Given that language is a social construction, it is part of the historical reservoir, shaping the cultural (and hence collective) identity, then helping the community to archive accumulated knowledge about its culture and identity. We assume that the collective interest of a language-speaking community to document their events, people and any feature important for them, by the online encyclopedia Wikipedia, can act as a footprint of the whole groups collective identity. The analysis of the languages preferences into categories among several languages, could have also applications into the field of Multilingual Natural Language Processing (MNLP). We, then, report results about the number of edits, editors, and pages into categories, displayed by the several languages. Results are shown by several angles, and some extra measures complement the analysis.
One-shot anonymous unselfishness in economic games is commonly explained by social preferences, which assume that people care about the monetary payoffs of others. However, during the last ten years, research has shown that different types of unselfish behaviour, including cooperation, altruism, truth-telling, altruistic punishment, and trustworthiness are in fact better explained by preferences for following ones own personal norms - internal standards about what is right or wrong in a given situation. Beyond better organising various forms of unselfish behaviour, this moral preference hypothesis has recently also been used to increase charitable donations, simply by means of interventions that make the morality of an action salient. Here we review experimental and theoretical work dedicated to this rapidly growing field of research, and in doing so we outline mathematical foundations for moral preferences that can be used in future models to better understand selfless human actions and to adjust policies accordingly. These foundations can also be used by artificial intelligence to better navigate the complex landscape of human morality.
comments
Fetching comments Fetching comments
Sign in to be able to follow your search criteria
mircosoft-partner

هل ترغب بارسال اشعارات عن اخر التحديثات في شمرا-اكاديميا