Publications associées à Pessimistic outcome expectancy does not explain ambiguity aversion in decision-making under uncertainty

Publications associées (27)

Optimal regimes for algorithm-assisted human decision-making

Mats Julius Stensrud, Aaron Leor Sarvet, Julien David Laurendeau

We consider optimal regimes for algorithm-assisted human decision-making. Such regimes are decision functions of measured pre-treatment variables and, by leveraging natural treatment values, enjoy a superoptimality property whereby they are guaranteed to o ...

2024

Reliable data-driven decision-making through optimal transport

Bahar Taskesen

Decision-making permeates every aspect of human and societal development, from individuals' daily choices to the complex decisions made by communities and institutions. Central to effective decision-making is the discipline of optimization, which seeks th ...

EPFL2024

Using automated design appraisal to model building-specific devaluation risk due to land-use change

Adam Robert Swietek

Uncertainty of spillover effects – including property devaluation - from proposed land-use change elicits opposition to local development. This hinders cities’ ability to implement land-use policy aimed at housing affordability and environmental sustainabi ...

2024

A Privacy-Preserving Querying Mechanism with High Utility for Electric Vehicles

Sayan Biswas

Electric vehicles (EVs) are becoming more popular due to environmental consciousness. The limited availability of charging stations (CSs), compared to the number of EVs on the road, has led to increased range anxiety and a higher frequency of CS queries du ...

Ieee-Inst Electrical Electronics Engineers Inc2024

Contextual Stochastic Bilevel Optimization

Daniel Kuhn, Andreas Krause, Yifan Hu

We introduce contextual stochastic bilevel optimization (CSBO) -- a stochastic bilevel optimization framework with the lower-level problem minimizing an expectation conditioned on some contextual information and the upper-level decision variable. This fram ...

2023

Safety risk management in University laboratories

Anastasia Jung

Risk management has become an essential element in the functioning of modern society. Correct risk identification and assessment are undoubtedly crucial to improving overall safety; nevertheless, often, it is accompanied by the wrong selection of correctiv ...

EPFL2023

Can one hear the shape of a target zone?

Max-Olivier Hongler

We develop an exchange rate target zone model with finite exit time and non-Gaussian tails. We show how the tails are a consequence of time-varying investor risk aversion, which generates mean-preserving spreads in the fundamental distribution. We solve ex ...

2023

Endogenous Energy Efficiency Improvement in Housing and Cement Sectors in Switzerland

Sergey Arzoyan

The reduction of energy consumption in the residential building stock and cement industry is a substantial component of the Swiss Energy Strategy 2050. Therefore, it is vital to identify the potential for EEI in these two sectors. In this study, a new meth ...

EPFL2023

Maneuvering the odds: The dynamics of venture capital decision-making

Marc Gruber

Research Summary: This article investigates venture capital (VC) decision-making, a process that occurs under changing conditions and limited, ambiguous information. We shed new light on the inherent dynamics of this strategic process. One of the key disti ...

WILEY2023

On the Validity of Consensus

Rachid Guerraoui, Seth Gilbert, Jovan Komatovic, Manuel José Ribeiro Vidigueira, Pierre Philippe Civit

The Byzantine consensus problem involves.. processes, out of which t < n could be faulty and behave arbitrarily. Three properties characterize consensus: (1) termination, requiring correct (nonfaulty) processes to eventually reach a decision, (2) agreement ...

Assoc Computing Machinery2023

Decision support for the design of integrated biorefineries

Julia Granacher

A shift from fossil-based energy and products to more sustainable alternatives is essential to reduce greenhouse gas emissions and associated climate change impacts. Biomass represents a promising alternative for providing fuels and carbon-based products w ...

EPFL2023

Multi-agent Learning with Privacy Guarantees

Elsa Rizk

A multi-agent system consists of a collection of decision-making or learning agents subjected to streaming observations from some real-world phenomenon. The goal of the system is to solve some global learning or optimization problem in a distributed or dec ...

EPFL2023

A continuum approximation approach to the depot location problem in a crowd-shipping system

Nikolaos Geroliminis, Patrick Stefan Adriaan Stokkink

Last-mile delivery in the logistics chain contributes to congestion in urban networks due to frequent stops. Crowd-shipping is a sustainable and low-cost alternative to traditional delivery but relies heavily on the availability of occasional couriers. In ...

PERGAMON-ELSEVIER SCIENCE LTD2023

Simulating intra-household interactions for in- and out-of-home activity scheduling

Michel Bierlaire, Timothy Michael Hillel, Negar Rezvany

Various interactions, time arrangements, and constraints exist for individuals scheduling their day as a member of a household, which affect their in-home as well as out-of-home activity schedule. However, the existing activity-based models are mostly base ...

Pergamon-Elsevier Science Ltd2023

Demand-based operations of vehicle sharing systems

Selin Ataç

Vehicle sharing systems (VSSs) allow users to rent vehicles for a short period of time, in a more flexible and convenient manner compared to the traditional vehicle rental services. The long-term VSS subscription replaces the need for contract signing for ...

EPFL2023

International Portfolio Choice with Frictions: Evidence from Mutual Funds

Simon Tièche

Using data on international equity portfolio allocations by U.S. mutual funds, we estimate a portfolio expression derived from a standard mean-variance portfolio model extended with portfolio frictions. The optimal portfolio depends on the previous month a ...

OXFORD UNIV PRESS INC2023

End-to-End Learning for Stochastic Optimization: A Bayesian Perspective

Daniel Kuhn, Tobias Sutter, Yves Rychener

We develop a principled approach to end-to-end learning in stochastic optimization. First, we show that the standard end-to-end learning algorithm admits a Bayesian interpretation and trains a posterior Bayes action map. Building on the insights of this an ...

2023

Relatively Robust Decisions

Thomas Alois Weber

It is natural for humans to judge the outcome of a decision under uncertainty as a percentage of an ex-post optimal performance. We propose a robust decision-making framework based on a relative performance index. It is shown that if the decision maker’s p ...

2023

Safety Decision-Making for Laboratory Processes in Academia

Thierry Meyer, Anastasia Jung

There is a need for a tool that facilitates safety decision-making in the academic environment. As this environment is very different from that of industry or other public sectors, there is no information available on the factors that influence the decisio ...

2022

Overcoming decision paralysis—A digital twin for decision making in energy system design

François Maréchal, Julia Granacher, Tuong-Van Nguyen

The design of efficient energy systems, through the development of new technologies and the improvement of current ones, requires the use of rigorous process synthesis methods for generating and analysing design alternatives. We introduce a digital twin of ...

2022