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Record W3181040298 · doi:10.1287/opre.2021.0393

Technical Note—A Data-Driven Approach to Beating SAA Out of Sample

2023· article· en· W3181040298 on OpenAlexaff
Jun‐ya Gotoh, Michael Jong Kim, Andrew E. B. Lim

Bibliographic record

VenueOperations Research · 2023
Typearticle
Languageen
FieldDecision Sciences
TopicRisk and Portfolio Optimization
Canadian institutionsUniversity of British Columbia
Fundersnot available
KeywordsRobust optimizationSample (material)Computer scienceMistakeOptimization problemMathematical optimizationSet (abstract data type)Task (project management)Data setArtificial intelligenceMathematicsAlgorithmEconomics

Abstract

fetched live from OpenAlex

A Little Pessimism Goes a Long Way Data-driven optimization is concerned with finding a decision, using data and perhaps a model, that performs well when it is applied on a new unseen data point. Data-driven optimization is challenging because data are limited or the model is wrong or the environment in which the decision is being applied is different from the one in which the training data were collected. Distributionally robust optimization (DRO), a worst case optimization method for finding decisions that are insensitive to model error, can sometimes but not always deliver a decision that has a larger out-of-sample expected reward than the sample average approximation (SAA). “A Data Driven Approach to Beating SAA out of Sample” by Jun-ya Gotoh, Michael Kim, and Andrew Lim shows that if worst case (DRO) solutions fail at this task, then the solution of a best case distributionally optimistic optimization problem will do the job. As good as this sounds, there is a catch: whereas an optimistic decision might beat SAA, the improvement is very modest and comes at the cost of being much more sensitive to model misspecification than both the SAA and the DRO decisions. Moreover, it is easy to make a mistake: it can be difficult to determine with a modestly sized data set whether the best or worst case solution will have the higher expected reward than SAA. In summary, data driven optimization is a trade-off between maximizing the expected reward and controlling the sensitivity of this expectation to model misspecification. When both are considered, a little bit of pessimism goes a long way.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.015
metaresearch head score (Gemma)0.058
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Methods · Consensus signal: Methods
Teacher disagreement score0.015
Threshold uncertainty score0.080

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0150.058
Meta-epidemiology (narrow)0.0030.002
Meta-epidemiology (broad)0.0020.003
Bibliometrics0.0020.002
Science and technology studies0.0010.003
Scholarly communication0.0050.007
Open science0.0040.007
Research integrity0.0030.012
Insufficient payload (model declined to judge)0.0110.005

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.536
GPT teacher head0.562
Teacher spread0.026 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreMethods

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations8
Published2023
Admission routes1
Has abstractyes

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