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Optimum Statistical Estimation with Strategic Data Sources by Cai, Yang; Daskalakis, Constantinos; Papadimitriou, Christos H. is a scholarly article available to read on EtoBox.

What is Optimum Statistical Estimation with Strategic Data Sources about?

We propose an optimum mechanism for providing monetary incentives to the data sources of a statistical estimator such as linear regression, so that high quality data is provided at low cost, in the sense that the sum of payments and estimation error is minimized. The mechanism applies to a broad range of estimators, including linear and polynomial regression, kernel regression, and, under some additional assumptions, ridge regression. It also generalizes to several objectives, including minimizing estimation error subject to budget constraints. Besides our concrete results for regression problems, we contribute a mechanism design framework through which to design and analyze statistical estimators whose examples are supplied by workers with cost for labeling said examples.

Author

Cai, Yang; Daskalakis, Constantinos; Papadimitriou, Christos H.

Published

2014

Language

EN