Invited Talk
in
Workshop: Learning and Decision-Making with Strategic Feedback (StratML)
Improving Information from Manipulable Data
Navin Kartik
Abstract:
Data-based decision-making must account for the manipulation of data by agents who are aware of how decisions are being made and want to affect their allocations. We study a framework in which, due to such manipulation, data becomes less informative when decisions depend more strongly on data. We formalize why and how a decisionmaker should commit to underutilizing data. Doing so attenuates information loss and thereby improves allocation accuracy.