Fair Allocation through Selective Information Acquisition
Fair Allocation through Selective Information Acquisition
复制标题
通过选择性信息获取实现公平分配
DOI:
--
复制
发表时间:
2019
期刊:
影响因子:
--
通讯作者:
Sharad Goel
中科院分区:
文献类型:
--
作者:
William Cai;Johann D. Gaebler;Nikhil Garg;Sharad Goel
Public and private institutions must often allocate scarce resources under uncertainty. Banks, for example, extend credit to loan applicants based in part on their estimated likelihood of repaying a loan. But when the quality of information differs across candidates (e.g., if some applicants lack traditional credit histories), common lending strategies can lead to disparities across groups. Here we consider a setting in which decision makers---before allocating resources---can choose to spend some of their limited budget further screening select individuals. We present a computationally efficient algorithm for deciding whom to screen that maximizes a standard measure of social welfare. Intuitively, decision makers should screen candidates on the margin, for whom the additional information could plausibly alter the allocation. We formalize this idea by showing the problem can be reduced to solving a series of linear programs. Both on synthetic and real-world datasets, this strategy improves utility, illustrating the value of targeted information acquisition in such decisions. Further, when there is social value for distributing resources to groups for whom we have a priori poor information---like those without credit scores---our approach can substantially improve the allocation of limited assets.
DOI:
10.1073/pnas.1720347115
发表时间:
2018-04-17
影响因子:
11.1
作者:
Garg, Nikhil;Schiebinger, Londa;Zou, James
通讯作者:
Zou, James