Recovering preferences and utilities
Speaker:
Federico Echenique, University of California Berkeley
Date and Time:
Tuesday, September 23, 2025 - 10:30am to 11:20am
Location:
Fields Institute, Room 230 and online
Abstract:
I will describe how to formulate the problem of recovering economic preferences and utility functions as a binary classification problem, which allows us to use standard ideas from machine learning in the recovery of these objects from choice data. The methods are broadly applicable in environments with noisy binary choice data. The focus of the talk will be on recent work leveraging choice data augmented with response time to recover preferences using recent developments in machine learning.