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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
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
We introduce an algorithm for solving dynamic economic models that merges stochastic simulation and projection … support of the ergodic measure roughly uniformly. The proposed algorithm is tractable in problems with high dimensionality …
Persistent link: https://www.econbiz.de/10013098481
volume of data available. Yet comparing the algorithm to the judge proves complicated. First, the data are themselves … set of preferences than the single variable that the algorithm focuses on; for instance, judges may care about racial … well. In addition, by focusing the algorithm on predicting judges' decisions, rather than defendant behavior, we gain some …
Persistent link: https://www.econbiz.de/10012962719
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
? (2) Is it reachable through a decentralized algorithm? (3) What welfare properties does it possess? We prove that a … allocation achieved via sequential pairwise trades, but lends only weak support to the dynamic algorithm itself …
Persistent link: https://www.econbiz.de/10013013510
NL2SOL is a modular program for solving the nonlinear least-squares problem that incorporates a number of novel features. It maintains a secant approximation S to the second-order part of the least-squares Hessian and adaptively decides when to use this approximation. We have found it very...
Persistent link: https://www.econbiz.de/10013219332
number of possible approaches to these problems and develops a particular algorithm based on the work of Powell and Dennis …
Persistent link: https://www.econbiz.de/10013239379
Little is known about the fiscal costs of natural disasters, especially regarding social safety nets that do not specifically target extreme weather events. This paper shows that US hurricanes lead to substantial increases in non-disaster government transfers, such as unemployment insurance and...
Persistent link: https://www.econbiz.de/10012991681