IDSS Distinguished Seminars


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  • The Optimality of Coarse Menues

    On December 6, 2021 at 4:00 pm till 5:00 pm
    Dirk Bergemann (Yale University)
    E18-304
    Drik

    Title: The Optimality of Coarse Menues

    Joint with Tibor Heumann (PUC Chile) and Stephen Morris (MIT)

    Abstract: A fundamental question in the digital economy is how increasing information impacts profits and consumer welfare. We consider a general nonlinear pricing environment with private information.
    We characterize the information structure of the buyer that maximizes the revenue of the seller. The seller who cannot observe the buyer’s willingness to pay can control both the signal that a buyer receives about his value and the selling mechanism.
    The optimal selling mechanism is a menu with very few items, and frequently just a single item. Thus the socially efficient variety of items is decreased drastically at the expense of higher revenue and lower information rents.

    About the speaker: Dirk Bergemann is Douglass and Marion Campbell Professor of Economics at Yale University. He has secondary appointments as Professor of Computer Science at the School of Engineering and Professor of Finance at the School of Management He received his Ph.D. in Economics from the University of Pennsylvania in 1994. Dirk Bergemann is the Chair of the Department of Economics since 2013 and Co‐Editor of Econometrica since 2014. He joined Yale in 1995 as an assistant professor, having previously served as a faculty member at Princeton University. He has been affiliated with the Cowles Foundation for Research in Economics at Yale since 1996 and a fellow of the Econometric Society since 2007. His research is in the area of game theory, contract theory and venture capital and mechanism design. His most recent work is in the area of dynamic mechanism design and dynamic pricing, robust mechanism design, and information design. His research has been supported by grants from the National Science Foundation, the Alfred P. Sloan Research Fellowship, Google Faculty Fellow and the German National Science Foundation.

    Register now: We are required to collect contact information for this event, including name, cell phone number and email address. This information is for contact tracing purposes only. Please provide your contact information here if you plan on attending the seminar.

    Zoom link: https://mit.zoom.us/j/95014828028

    Find out more »: The Optimality of Coarse Menues
  • Designing AI for Racial Equity: Translating Ethics into Practice

    On November 1, 2021 at 4:00 pm till 5:00 pm
    S. Craig Watkins (MLK Visiting Professor – MIT)
    E18-304
    S. Craig Watkins

    Title: Designing AI for Racial Equity: Translating Ethics into Practice

    Abstract: Among the principles for ethical and responsible AI none is more prominent than the “fairness and non-discrimination” principle, that is, the idea that data-based systems like AI/ML should avoid unjust impacts on people, especially those from historically marginalized populations. But even as this principle is gaining greater academic, industry, and public attention a core challenge persists: how do we operationalize these ideas in the design, development, and deployment of AI/ML? More specifically, how do we build models, systems, and practices that realize the goals of this principle in tangible ways?

    In this talk, I address this question through a racial equity framework. That is, a framework that emphasizes the need to design and deploy these systems in ways that intentionally seek to eliminate the impacts of structural racism. The talk frames this call to action as both a technical and social challenge. As a result, it requires dynamic approaches and forms of expertise. From a technical perspective this involves, among other things, thinking strategically about datasets, data governance, and modeling. From a social perspective this involves, for example, developing a domain specific understanding of structural racism and engaging diverse stakeholders. In the talk, I will also discuss how the Good Systems grand challenge at the University of Texas is partnering with the city of Austin and other entities to better understand how to deploy data-based systems to advance racial equity in key life domains such as policing and health.

    About the speaker: S. Craig Watkins is the Ernest A. Sharpe Centennial Professor at the University of Texas at Austin and the Founding Director of the Institute for Media Innovation​. His research focuses on the impacts of media and data-based systems on human behavior, with a specific concentration on issues related to systemic racism. He is the author of six books and several articles and book chapters examining the intersections between race, technology, and society. His research also considers how diverse communities seek to adopt and deploy technology in innovative ways that address data literacy, civic life, and health. This work has been supported by the MacArthur Foundation.

    Currently, Watkins is leading a team that will address the issue of artificial intelligence and systemic racism in a new six-year program funded by the Office of Vice President for Research at the University of Texas at Austin. The team will focus on the broad and fundamental scientific challenge of achieving racially equitable AI, while being grounded in testing the applicability of specific methods, models, processes, and procedures in critical domains like health and transportation. A key component of the research is to examine how various stakeholders—developers of technologies, the private and public sectors, and citizens—can work to create a more equitable AI future.

    Register now: We are required to collect contact information for this event, including name, cell phone number and email address. This information is for contact tracing purposes only. Please provide your contact information here if you plan on attending the seminar.

    Find out more »: Designing AI for Racial Equity: Translating Ethics into Practice
  • Designing Equitable Algorithms for Criminal Justice and Beyond

    On September 14, 2021 at 4:00 pm till 5:00 pm
    Sharad Goel (Harvard University)
    E18-304
    Prof. Goel (Harvard University)

    Title: Designing Equitable Algorithms for Criminal Justice and Beyond

    Abstract: Machine learning methods are increasingly used to model risk in criminal justice, banking, healthcare, and other high-stakes domains. These new tools promise gains in accuracy, but also raise challenging statistical, legal, and ethical questions. In this talk, I’ll describe the dominant axiomatic approach to fairness in machine learning, and argue that common mathematical definitions of fairness can, perversely, lead to discriminatory outcomes in practice. I’ll then present an alternative, consequentialist perspective for designing equitable algorithms that foregrounds the inherent tension between competing concerns in many real-world problems.

    About the speaker: Sharad Goel is a Professor of Public Policy at Harvard Kennedy School. He looks at public policy through the lens of computer science, bringing a computational perspective to a diverse range of contemporary social and political issues, including criminal justice reform, democratic governance, and the equitable design of algorithms. Prior to joining Harvard, Sharad was on the faculty at Stanford University, with appointments in management science & engineering, computer science, sociology, and the law school. He holds a bachelor’s degree in mathematics from the University of Chicago, as well as a master’s in computer science and a doctorate in applied mathematics from Cornell University.

    Find out more »: Designing Equitable Algorithms for Criminal Justice and Beyond
  • How Can Governments Facilitate the Integration of Newcomers? Building an Evidence and Innovation Agenda for Migration Research

    On April 6, 2021 at 3:00 pm till 4:00 pm
    Jens Hainmueller (Stanford University)
    online

    Abstract: Migration is one of the defining challenges of the 21st century. Many countries have experienced a stark increase in the size and diversity of their immigrant and refugee populations. Reeling and reactive, governments are struggling to facilitate their successful integration. Policymakers responding to the integration challenge often don’t know where to start or what programs work best, and there’s little solid evidence and expertise to guide them. In this talk, I will describe some of the efforts that my research group at the Stanford Immigration Policy Lab (IPL) has undertaken to make headway against these obstacles. This involves our collaborative efforts to build an evidence base for what works and what doesn’t and our exploration into leveraging data science and behavioral insights to create algorithms and digital tools to facilitate better decision making.

    About the speaker: Jens Hainmueller is a Professor of Political Science and, by courtesy, a Professor of Political Economy at the Graduate School of Business. He is the co-director of the Stanford Immigration Policy Lab. His research lab works with governments and NGOs around the world to leverage data science, evidence, and innovation to improve policies involving immigrants and refugees.

    Zoom meeting ID: TBD
    Join Zoom meeting: TBD
    YouTube livestream: TBD

    Find out more »: How Can Governments Facilitate the Integration of Newcomers? Building an Evidence and Innovation Agenda for Migration Research
  • Understanding Cultural Persistence and Change

    On February 2, 2021 at 3:00 pm till 4:00 pm
    Nathan Nunn (Harvard University)
    online
    Nathan Nunn

    Abstract:

    We examine a determinant of cultural persistence that has emerged from a class of models in evolutionary anthropology: the similarity of the environment across generations. Within these models, when the environment is more similar across generations, the traits that have evolved up to the previous generation are more likely to be optimal for the current generation. In equilibrium, a greater value is placed on tradition and there is greater cultural persistence. We test this hypothesis by measuring the variability of different climatic measures across 20-year generations from 500–1900ce. Employing a variety of tests that use a range of samples and empirical strategies, we find that populations with ancestors who lived in environments with more cross-generational instability place less importance on maintaining tradition today and exhibit less cultural persistence.

    About the speaker:

    Nathan Nunn is Frederic E. Abbe Professor of Economics at Harvard University. Professor Nunn’s primary research interests are in political economy, economic history, economic development, cultural economics, and international trade. He is an NBER Faculty Research Fellow, a Research Fellow at BREAD, a Faculty Associate at Harvard’s Weatherhead Center for International Affairs (WCFIA), and a Fellow of the Canadian Institute for Advanced Research (CIFAR) in the Boundaries, Membership & Belonging program.

    One stream of Professor Nunn’s research focuses on the historical and dynamic process of economic development. In particular, he has studied the factors that shape differences in the evolution of institutions and cultures across societies. He has published research that studies the historical process of a wide range of factors that are crucial for economic development, including distrust, gender norms, religiosity, norms of rule-following, conflict, immigration, state formation, and support for democracy.

    Another stream of Professor Nunn’s research examines economic development in a contemporary context. He has published research examining the effects of Fair Trade certification, CIA interventions during the Cold War, foreign aid, school construction, and trade policy. He is particularly interested in the importance of the local context (e.g., social structures, traditions, and cultures) for the effectiveness of development policy and in understanding how policy can be optimally designed given the local environment. Specifically, he has studied the relationship between marriage customs and female education, generalized trust and political turnover, the organization of the extended family (lineage) and conflict, and traditional local political systems and support for democracy.

    His current research interests lie in better understanding the importance of local culture and context for economic policies, particularly in developing countries.

    Zoom meeting ID: 992 6583 2638
    Join Zoom meeting: https://mit.zoom.us/nathannunn

    Please contact sbergen@mit.edu to register for this meeting.

    YouTube livestream: https://youtu.be/Mjb6Mq-I1ZE

    Find out more »: Understanding Cultural Persistence and Change
  • Social Networks and the Market for News

    On October 5, 2020 at 4:00 pm till 5:00 pm
    Rachel Kranton (Duke University)

    Abstract: This paper, joint work with David McAdams, introduces a simple market model for news: consumers benefit from and want to share true news and producers incur costs to produce true news. News veracity is endogenous, shaped by the social network. When producer revenues derive from consumers’ viewing stories (e.g., advertising revenue), veracity is low in dense networks, since even false news spreads widely. With revenues from consumers’ actions based on stories (e.g, voting), veracity is higher in dense networks, since consumers make better inferences about news truth. Adding third-party misinformation can increase equilibrium true-news production as consumers respond by being more judicious when sharing stories.

    About the speaker: Rachel Kranton studies how institutions and the social setting affect economic outcomes. She develops theories of networks and has introduced identity into economic thinking. Her research contributes to many fields including microeconomics, economic development, and industrial organization. In Identity Economics, Rachel Kranton and collaborator George Akerlof, introduce a general framework to study social norms and identity in economics. In the economics of networks, Rachel Kranton develops formal models of strategic interaction in different economic settings. Her work draws on empirical findings and integrates new mathematical tools to uncover how network structures influence economic outcomes. Rachel Kranton has a long-standing interest in development economics and institutions. She focuses on the costs and benefits of networks and informal exchange, which is economic activity mediated by social relationships rather than markets.

    Rachel Kranton earned her Ph.D. in Economics at the University California, Berkeley in 1993. She has held fellowships at the Russell Sage Foundation in New York and the Institute for Advanced Study in Princeton; she is a fellow of the Econometric Society and a member of American Academy of Arts and Sciences.

    Kranton joined Duke’s faculty in 2007 and is currently serving as Dean of the Social Sciences.

    Zoom meeting ID: 947 4413 6098
    Join Zoom meeting: https://mit.zoom.us/rachelkranton

    Please contact sbergen@mit.edu to register for this meeting.

    YouTube livestream: https://youtu.be/TJWOMYiB7jc

    Find out more »: Social Networks and the Market for News
  • An Introduction to Proximal Causal Learning

    On November 2, 2020 at 4:00 pm till 5:00 pm
    Eric Tchetgen Tchetgen (University of Pennsylvania)
    online
    Eric Tchetgen Tchetgen

    Abstract: A standard assumption for causal inference from observational data is that one has measured a sufficiently rich set of covariates to ensure that within covariates strata, subjects are exchangeable across observed treatment values. Skepticism about the exchangeability assumption in observational studies is often warranted because it hinges on one’s ability to accurately measure covariates capturing all potential sources of confounding. Realistically, confounding mechanisms can rarely if ever, be learned with certainty from measured covariates. One can therefore only ever hope that covariate measurements are at best proxies of true underlying confounding mechanisms operating in an observational study, thus invalidating causal claims made on basis of standard exchangeability conditions.

    Causal learning from proxies is a challenging inverse problem which has to date remained unresolved. In this paper, we introduce a formal potential outcome framework for proximal causal learning, which while explicitly acknowledging covariate measurements as imperfect proxies of confounding mechanisms, offers an opportunity to learn about causal effects in settings where exchangeability on the basis of measured covariates fails. Sufficient conditions for nonparametric identification are given, leading to the proximal g-formula and corresponding proximal g-computation algorithm for estimation, both generalizations of Robins’ foundational g-formula and g-computation algorithm, which account explicitly for bias due to unmeasured confounding. Both point treatment and time-varying treatment settings are considered, and an application of proximal g-computation of causal effects is given for illustration.

    About the speaker: Eric Tchetgen Tchetgen’s primary area of interest is in semi-parametric efficiency theory with application to causal inference and missing data problems. In general, he works on the development and application of statistical and epidemiologic methods that make efficient use of the information in data collected by scientific investigators, while avoiding unnecessary assumptions about underlying data generating mechanisms.

    In 2018, Eric Tchetgen Tchetgen joined The Wharton School, University of Pennsylvania as the Luddy Family President’s Distinguished Professor and Professor of Statistics. Prior to that he was Professor of Biostatistics and Epidemiologic Methods at Harvard University. He completed his PhD in Biostatistics at Harvard University in 2006 received his B.S. in Electrical Engineering from Yale University in 1999.

    Zoom meeting ID: 992 5615 9978
    Join Zoom meeting: https://mit.zoom.us/erictchetgentchetgen

    Please contact sbergen@mit.edu to register for this meeting.

    YouTube livestream: https://youtu.be/vM_gw1JpSKU

    Find out more »: An Introduction to Proximal Causal Learning
  • Mass Incarceration and the Challenge of Social Research

    On December 7, 2020 at 4:00 pm till 5:00 pm
    Bruce Western (Columbia University)
    online
    Headshot of Bruce Western

    Abstract: The United States has the highest incarceration rate in the world. In the era of mass incarceration, imprisonment became a common life event for recent cohorts of Black men who had not completed high school. A large research literature developed around this social fact, examining the impact of incarceration on economic opportunities, health, and family life. Despite the contributions of this research to our understanding of racial inequality and poverty in America, the large survey and administrative data sets that fueled this work provided an incomplete analysis. Missing was the multidimensional character of extreme material hardship and the life stories of trauma that formed the context for the deep disadvantage of people who have been incarcerated. These holes in the research program have been shown by small field studies that observe more directly the life experience of incarcerated people. The problem of mass incarceration raises difficult questions social sciences: how should small data complement big, when are causal questions of secondary importance, and how should issues of justice and moral urgency be reflected in positive analysis?

    About the speaker: Bruce Western is the Bryce Professor of Sociology and Social Justice and Co-Director of the Justice Lab at Columbia University. His research has examined the causes, scope, and consequences of the historic growth in U.S. prison populations. Current projects include a randomized experiment assessing the effects of criminal justice fines and fees on misdemeanor defendants in Oklahoma City, and a field study of solitary confinement in Pennsylvania state prisons. Western is also the Principal Investigator of the Square One Project that aims re-imagine the public policy response to violence under conditions of poverty and racial inequality. He was the Vice Chair of the National Academy of Sciences panel on the causes and consequences of high incarceration rates in the United States. He is the author of Homeward: Life in the Year After Prison (Russell Sage Foundation, 2018), and Punishment and Inequality in America (Russell Sage Foundation, 2006). He is a member of the National Academy of Sciences and the American Academy of Arts and Sciences. He has been a Guggenheim Fellow, a Russell Sage Foundation Visiting Scholar, and a fellow of the Radcliffe Institute of Advanced Study.

    Western received his Ph.D. in Sociology from the University of California, Los Angeles, and was born in Canberra, Australia.

    Zoom meeting ID: 984 7801 7875
    Join Zoom meeting: https://mit.zoom.us/brucewestern

    Please contact sbergen@mit.edu to register for this meeting.

    YouTube livestream: https://youtu.be/e1kKDS_ixAs

    Find out more »: Mass Incarceration and the Challenge of Social Research
  • Does Revolution Work? Evidence from Nepal

    On March 3, 2020 at 4:00 pm till 5:00 pm
    Rohini Pande (Yale University)
    E18-304
    Rohini Pande (Yale University)

    The last half century has seen the adoption of democratic institutions in much of the developing world. However, the conditions under which de jure democratization leads to the representation of historically disadvantaged groups remains debated as do the implications of descriptive representation for policy inclusion. Using detailed administrative and survey data from Nepal, we examine political selection in a new democracy, the implications for policy inclusion and the role of conflict in affecting political transformation. I situate these findings in the context of the political economy literature mapping institutional choice to power and inequality.

    About the speaker: Rohini Pande is the Henry J. Heinz II Professor of Economics and Director of the Economic Growth Center, Yale University. She is a co-editor of American Economic Review: Insights.

    Pande’s research is largely focused on how formal and informal institutions shape power relationships and patterns of economic and political advantage in society, particularly in developing countries. She is interested the role of public policy in providing the poor and disadvantaged political and economic power, and how notions of economic justice and human rights can help justify and enable such change. Her most recent work focuses on testing innovative ways to make the state more accountable to its citizens, such as strengthening women’s economic and political opportunities, ensuring that environmental regulations reduce harmful emissions, and providing citizens effective means to voice their demand for state services. In 2018, Pande received the Carolyn Bell Shaw Award from the American Economic Association for promoting the success of women in the economics profession. She is the co-chair of the Political Economy and Government Group at Jameel Poverty Action Lab (J-PAL), a Board member of Bureau of Research on Economic Development (BREAD) and a former co-editor of The Review of Economics and Statistics. Before coming to Yale, Pande was the Rafik Harriri Professor of International Political Economy at Harvard Kennedy School, where she co-founded Evidence for Policy Design.

    Pande received a PhD in economics from London School of Economics, a BA/MA in Philosophy, Politics and Economics from Oxford University and a BA in Economics from Delhi University.

    Reception to follow.

    Find out more »: Does Revolution Work? Evidence from Nepal
  • [POSTPONED] Guido Imbens – The Applied Econometrics Professor and Professor of Economics, Graduate School of Business, Stanford University

    On April 7, 2020 at 8:00 am till 5:00 pm
    E18-304

    *Please note: this event has been POSTPONED until Fall 2020* See MIT’s COVID-19 policies for more details.

    Prof. Guido Imbens

    About the author: Prof. Guido Imbens’ primary field of interest is Econometrics. Research topics in which he is interested include: causality, program evaluation, identification, Bayesian methods, semi-parametric methods, instrumental variables. Guido Imbens does research in econometrics and statistics. His research focuses on developing methods for drawing causal inferences in observational studies, using matching, instrumental variables, and regression discontinuity designs. Guido Imbens is Professor of Economics at the Stanford Graduate School of Business and the department of Economics. After graduating from Brown University Guido taught at Harvard University, UCLA, and UC Berkeley. He holds an honorary degree from the University of St Gallen. Professor Imbens joined the GSB in 2012 where he specializes in econometrics, and in particular methods for drawing causal inferences. Guido Imbens is a fellow of the Econometric Society and the American Academy of Arts and Sciences.

    Find out more »: [POSTPONED] Guido Imbens – The Applied Econometrics Professor and Professor of Economics, Graduate School of Business, Stanford University