“An Axiomatic Foundation for Decisions with Counterfactual Utility”
Benedikt Koch, Kosuke Imai, and Tomasz Strzalecki write: Counterfactual utilities evaluate decisions not only by the realized outcome under a given decision, but also by the counterfactual outcomes that would arise under alternative decisions. By generalizing standard utility frameworks, they … Continue reading …
The Pick-the-Winner-Picker Heuristic: Preference for Categorically Correct Forecasts
Edge detection in Python
Great strides in artificial intelligence development during the last five years produced agents that are now commonplace at work and home. It is humbling to note that virtually all frontier large language models today trace back to a preprint introducing the transformer neural network architecture – a fifteen-page paper that profoundly …
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