Trading off multiple risks for predictive algorithms with confidence

Abstract Number:

3231 

Submission Type:

Contributed Abstract 

Contributed Abstract Type:

Paper 

Participants:

Andrew Nguyen (1), Reese Pathak (2), Anastasios Angelopoulos (2), Stephen Bates (3), Michael Jordan (4)

Institutions:

(1) University Of California Berkeley, N/A, (2) University of California, Berkeley, N/A, (3) MIT, N/A, (4) Univ of California-Berkeley, N/A

Co-Author(s):

Reese Pathak  
University of California, Berkeley
Anastasios Angelopoulos  
University of California, Berkeley
Stephen Bates  
MIT
Michael Jordan  
Univ of California-Berkeley

First Author:

Andrew Nguyen  
University Of California Berkeley

Presenting Author:

Andrew Nguyen  
University Of California Berkeley

Abstract Text:

Decision-making pipelines involve trading-off risks with rewards.
It is often desirable to determine how much risk can be tolerated based on measured quantities, using collected data.
In this work, we address this problem, and allow decision-makers to control risks at a data-dependent level.
We demonstrate that, when applied without modification, state-of-the art uncertainty quantification methods can lead to gross violations on real problem instances when the levels are data-dependent.
As a remedy, we propose methods that permit the data analyst to claim valid control.
Our methodology, which is based on uniform tail bounds, supports monotone and nearly-monotone risks, but otherwise makes no distributional assumptions.
To illustrate the benefits of our approach, we carry out numerical experiments on synthetic data and the large-scale vision dataset MS-COCO.

Keywords:

Conformal prediction, uncertainty quantification, distribution-free, bootstrap, empirical process theory, simultaneous inference| | | | |

Sponsors:

IMS

Tracks:

Statistical Methodology

Can this be considered for alternate subtype?

Yes

Are you interested in volunteering to serve as a session chair?

Yes

I have read and understand that JSM participants must abide by the Participant Guidelines.

Yes

I understand that JSM participants must register and pay the appropriate registration fee by June 1, 2024. The registration fee is non-refundable.

I understand