813 research outputs found
Personalized Finance Advisory through Case-based Recommender Systems and Diversification Strategies
Recommendation of financial investment strategies is a complex and knowledge-intensive task. Typically, financial advisors have to discuss at length with their wealthy clients and have to sift through several investment proposals before finding one able to completely meet investors' needs and constraints. As a consequence, a recent trend in wealth management is to improve the advisory process by exploiting recommendation technologies. This paper proposes a framework for recommendation of asset allocation strategies which combines case-based reasoning with a novel diversification strategy to support financial advisors in the task of proposing diverse and personalized investment portfolios. The performance of the framework has been evaluated by means of an experimental session conducted against 1172 real users, and results show that the yield obtained by recommended portfolios overcomes that of portfolios proposed by human advisors in most experimental settings while meeting the preferred risk profile. Furthermore, our diversification strategy shows promising results in terms of both diversity and average yield
Fairness and Popularity Bias in Recommender Systems: an Empirical Evaluation
In this paper, we present the results of an empirical evaluation investigating how recommendation
algorithms are affected by popularity bias. Popularity bias makes more popular items to be recommended
more frequently than less popular ones, thus it is one of the most relevant issues that limits the fairness
of recommender systems. In particular, we define an experimental protocol based on two state-of-theart datasets containing users’ preferences on movies and books and three different recommendation
paradigms, i.e., collaborative filtering, content-based filtering and graph-based algorithms. In order to
evaluate the overall fairness of the recommendations we use well-known metrics such as Catalogue
Coverage, Gini Index and Group Average Popularity (ΔGAP). The goal of this paper is: (i) to provide a
clear picture of how recommendation techniques are affected by popularity bias; (ii) to trigger further
research in the area aimed to introduce methods to mitigate or reduce biases in order to provide fairer
recommendations
A flexible framework for evaluating user and item fairness in recommender systems
This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: https://doi.org/10.1007/s11257-020-09285-1One common characteristic of research works focused on fairness evaluation (in machine learning) is that they call for some form of parity (equality) either in treatment—meaning they ignore the information about users’ memberships in protected classes during training—or in impact—by enforcing proportional beneficial outcomes to users in different protected classes. In the recommender systems community, fairness has been studied with respect to both users’ and items’ memberships in protected classes defined by some sensitive attributes (e.g., gender or race for users, revenue in a multi-stakeholder setting for items). Again here, the concept has been commonly interpreted as some form of equality—i.e., the degree to which the system is meeting the information needs of all its users in an equal sense. In this work, we propose a probabilistic framework based on generalized cross entropy (GCE) to measure fairness of a given recommendation model. The framework comes with a suite of advantages: first, it allows the system designer to define and measure fairness for both users and items and can be applied to any classification task; second, it can incorporate various notions of fairness as it does not rely on specific and predefined probability distributions and they can be defined at design time; finally, in its design it uses a gain factor, which can be flexibly defined to contemplate different accuracy-related metrics to measure fairness upon decision-support metrics (e.g., precision, recall) or rank-based measures (e.g., NDCG, MAP). An experimental evaluation on four real-world datasets shows the nuances captured by our proposed metric regarding fairness on different user and item attributes, where nearest-neighbor recommenders tend to obtain good results under equality constraints. We observed that when the users are clustered based on both their interaction with the system and other sensitive attributes, such as age or gender, algorithms with similar performance values get different behaviors with respect to user fairness due to the different way they process data for each user clusterThe authors thank the reviewers for their thoughtful comments and suggestions. This
work was supported in part by the Ministerio de Ciencia, Innovacion y Universidades (Reference: 123496 Y. Deldjoo et al. PID2019-108965GB-I00) and in part by the Center for Intelligent Information Retrieval. Any opinions, findings and conclusions or
recommendations expressed in this material are those of the authors and do not necessarily reflect those of the sponsor
ChatGPT and Persuasive Technologies for the Management and Delivery of Personalized Recommendations in Hotel Hospitality
Recommender systems have become indispensable tools in the hotel hospitality
industry, enabling personalized and tailored experiences for guests. Recent
advancements in large language models (LLMs), such as ChatGPT, and persuasive
technologies, have opened new avenues for enhancing the effectiveness of those
systems. This paper explores the potential of integrating ChatGPT and
persuasive technologies for automating and improving hotel hospitality
recommender systems. First, we delve into the capabilities of ChatGPT, which
can understand and generate human-like text, enabling more accurate and
context-aware recommendations. We discuss the integration of ChatGPT into
recommender systems, highlighting the ability to analyze user preferences,
extract valuable insights from online reviews, and generate personalized
recommendations based on guest profiles. Second, we investigate the role of
persuasive technology in influencing user behavior and enhancing the persuasive
impact of hotel recommendations. By incorporating persuasive techniques, such
as social proof, scarcity and personalization, recommender systems can
effectively influence user decision-making and encourage desired actions, such
as booking a specific hotel or upgrading their room. To investigate the
efficacy of ChatGPT and persuasive technologies, we present a pilot experi-ment
with a case study involving a hotel recommender system. We aim to study the
impact of integrating ChatGPT and persua-sive techniques on user engagement,
satisfaction, and conversion rates. The preliminary results demonstrate the
potential of these technologies in enhancing the overall guest experience and
business performance. Overall, this paper contributes to the field of hotel
hospitality by exploring the synergistic relationship between LLMs and
persuasive technology in recommender systems, ultimately influencing guest
satisfaction and hotel revenue.Comment: 17 pages, 12 figure
Knowledge-based identification of music suited for places of interest
The final publication is available at Springer via http://dx.doi.org/10.1007/s40558-014-0004-xPlace is a notion closely linked with the wealth of human experience, and invested by values, attitudes, and cultural influences. In particular, many places are strongly related to music, which contributes to shaping the perception and meaning of a place. In this paper we propose a computational approach to identify musicians and music suited for a place of interest (POI)––which is based on a knowledge-based framework built upon the DBpedia ontology––and a graph-based algorithm that scores musicians with respect to their semantic relatedness with a POI and suggests the top scoring ones. Through empirical experiments we show that users appreciate and judge the musician recommendations generated by the proposed approach as valuable, and perceive compositions of the suggested musicians as suited for the POIs.This work was supported by the Spanish Government (TIN201128538C02)
and the
Regional Government of Madrid (S2009TIC1542)
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