63,858 research outputs found
Harnessing Markets for Water Quality
This issue of IMPACT is devoted to exploring and understanding the opportunities and challenges of harnessing markets to improve water quality. It looks at how markets could be implemented to address the growing concern of nonpoint source pollution as well as point sources. Recently, the EPA proposed a water quality trading proposal, which is summarized, reviewed, and critiqued
Temporal Attention-Gated Model for Robust Sequence Classification
Typical techniques for sequence classification are designed for
well-segmented sequences which have been edited to remove noisy or irrelevant
parts. Therefore, such methods cannot be easily applied on noisy sequences
expected in real-world applications. In this paper, we present the Temporal
Attention-Gated Model (TAGM) which integrates ideas from attention models and
gated recurrent networks to better deal with noisy or unsegmented sequences.
Specifically, we extend the concept of attention model to measure the relevance
of each observation (time step) of a sequence. We then use a novel gated
recurrent network to learn the hidden representation for the final prediction.
An important advantage of our approach is interpretability since the temporal
attention weights provide a meaningful value for the salience of each time step
in the sequence. We demonstrate the merits of our TAGM approach, both for
prediction accuracy and interpretability, on three different tasks: spoken
digit recognition, text-based sentiment analysis and visual event recognition.Comment: Accepted by CVPR 201
Modeling the Psychology of Consumer and Firm Behavior with Behavioral Economics
Marketing is an applied science that tries to explain and influence how firms and
consumers actually behave in markets. Marketing models are usually applications of
economic theories. These theories are general and produce precise predictions, but they
rely on strong assumptions of rationality of consumers and firms. Theories based on
rationality limits could prove similarly general and precise, while grounding theories in
psychological plausibility and explaining facts which are puzzles for the standard
approach.
Behavioral economics explores the implications of limits of rationality. The goal is to
make economic theories more plausible while maintaining formal power and accurate
prediction of field data. This review focuses selectively on six types of models used in
behavioral economics that can be applied to marketing.
Three of the models generalize consumer preference to allow (1) sensitivity to reference
points (and loss-aversion); (2) social preferences toward outcomes of others; and (3)
preference for instant gratification (quasi-hyperbolic discounting). The three models are
applied to industrial channel bargaining, salesforce compensation, and pricing of virtuous
goods such as gym memberships. The other three models generalize the concept of gametheoretic
equilibrium, allowing decision makers to make mistakes (quantal response
equilibrium), encounter limits on the depth of strategic thinking (cognitive hierarchy),
and equilibrate by learning from feedback (self-tuning EWA). These are applied to
marketing strategy problems involving differentiated products, competitive entry into
large and small markets, and low-price guarantees.
The main goal of this selected review is to encourage marketing researchers of all kinds
to apply these tools to marketing. Understanding the models and applying them is a
technical challenge for marketing modelers, which also requires thoughtful input from
psychologists studying details of consumer behavior. As a result, models like these could
create a common language for modelers who prize formality and psychologists who prize
realism
Massive MIMO is a Reality -- What is Next? Five Promising Research Directions for Antenna Arrays
Massive MIMO (multiple-input multiple-output) is no longer a "wild" or
"promising" concept for future cellular networks - in 2018 it became a reality.
Base stations (BSs) with 64 fully digital transceiver chains were commercially
deployed in several countries, the key ingredients of Massive MIMO have made it
into the 5G standard, the signal processing methods required to achieve
unprecedented spectral efficiency have been developed, and the limitation due
to pilot contamination has been resolved. Even the development of fully digital
Massive MIMO arrays for mmWave frequencies - once viewed prohibitively
complicated and costly - is well underway. In a few years, Massive MIMO with
fully digital transceivers will be a mainstream feature at both sub-6 GHz and
mmWave frequencies. In this paper, we explain how the first chapter of the
Massive MIMO research saga has come to an end, while the story has just begun.
The coming wide-scale deployment of BSs with massive antenna arrays opens the
door to a brand new world where spatial processing capabilities are
omnipresent. In addition to mobile broadband services, the antennas can be used
for other communication applications, such as low-power machine-type or
ultra-reliable communications, as well as non-communication applications such
as radar, sensing and positioning. We outline five new Massive MIMO related
research directions: Extremely large aperture arrays, Holographic Massive MIMO,
Six-dimensional positioning, Large-scale MIMO radar, and Intelligent Massive
MIMO.Comment: 20 pages, 9 figures, submitted to Digital Signal Processin
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