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Stable Policy Learning

稳定的政策学习

In evidence-based policymaking, typically one experimental sample is observed, then a learned policy recommendation is implemented at scale. Policies learned from the experimental data can perform well in expected welfare, yet random sampling in the experiment can produce recommendations with poor welfare outcomes. In this paper, we ask: how should policy learning algorithms balance expected welfare against sampling risk? Our main contribution is to show that algorithmic…

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Learning Where to Look: Delaunay Matching for Policy Choice and Data Collection

学会到哪里寻找数据:用于政策选择与数据收集的 Delaunay 匹配

This paper studies data-driven policy choices from a geometric perspective. A sample from a donor population fully exposed to an innovation informs a policymaker (PM) on whether to innovate groups in a target population where the innovation was not introduced. Any wrong decision must be compensated from a finite budget and the PM seeks an estimator of the innovation's effect that guarantees an affordable compensation cost. I focus on matching estimators with positive weights…

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Better Measurement or Larger Samples? Data Collection for Policy Learning with Unobserved Heterogeneity

更精确的测量还是更大的样本?存在未观测异质性时的政策学习数据采集

Empirical research shows that individuals' responses to treatments vary along latent characteristics, such as innate ability or motivation. Therefore, a policymaker seeking to maximize welfare may consider designing policies based on observed characteristics and estimated latent traits. I characterize how the estimates' precision affects the worst-case performance of policies deriving rate-sharp regret bounds for assignment rules that include or exclude them, highlighting…

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