Showing 1 - 10 of 10,382
This paper presents a downtown parking model that integrates traffic congestion and saturated on-street parking. We … assume that the stock of cars cruising for parking adds to traffic congestion. Two major results come out from the model, one … of which is robust. The robust one is that, whether or not the amount of on-street parking is optimal, it is efficient to …
Persistent link: https://www.econbiz.de/10013227237
The law forbids discrimination. But the ambiguity of human decision-making often makes it extraordinarily hard for the legal system to know whether anyone has actually discriminated. To understand how algorithms affect discrimination, we must therefore also understand how they affect the problem...
Persistent link: https://www.econbiz.de/10012893120
schools. This study explores whether the New Orleans placement algorithm favored students of certain races or socioeconomic …
Persistent link: https://www.econbiz.de/10014464130
A new algorithm for the group minimization problem (GP) is proposed. The algorithm can be broadly described as follows …-known algorithm of Glover, and checked for non-negativity. The first non-negative point is an optimal solution of (GP). Advantages and … disadvantages of the algorithm are discussed; in particular, the implementation of the algorithm (which can be easily extended so as …
Persistent link: https://www.econbiz.de/10013224215
algorithm herself, her equity preference has no effect on the training procedure. So long as the data, however biased, contain … signal, they will be used and the learning algorithm will be the same. Equity preferences alone provide no reason to alter …
Persistent link: https://www.econbiz.de/10013307510
Most definitions of algorithmic bias and fairness encode decisionmaker interests, such as profits, rather than the interests of disadvantaged groups (e.g., racial minorities): Bias is defined as a deviation from profit maximization. Future research should instead focus on the causal effect of...
Persistent link: https://www.econbiz.de/10014520756
This paper addresses the steep learning curve in Machine Learning faced by noncomputer scientists, particularly social scientists, stemming from the absence of a primer on its fundamental principles. I adopt a pedagogical strategy inspired by the adage "once you understand OLS, you can work your...
Persistent link: https://www.econbiz.de/10014535259
people to behave dishonestly. In an experiment, we study how AI advice (generated by a Natural-Language-processing algorithm …
Persistent link: https://www.econbiz.de/10014311663
This paper studies the maturity and stream of payments of sovereign debt. Using Bloomberg bond data for eleven emerging economies, we document that countries react to crises by issuing debt with shortened maturity but back-load payment schedules. To account for this pattern, we develop a...
Persistent link: https://www.econbiz.de/10013028562
structure is relevant in many applications. We develop the theory underlying optimal menus of non-linear schedules and prove …
Persistent link: https://www.econbiz.de/10012759520