SearcharxivSearch

arXiv subjects

Avidit Acharya

Publications and source records attributed to Avidit Acharya.

3 recordsLinked to original sources

Learning Preferences from Conjoint Data: A Hybrid Structural Deep Learning Approach

Conjoint experiments randomize multidimensional profiles, yet political science applications typically report only nonparametric averages that do not recover counterfactual choices or individual tradeoffs. We develop a hybrid structural approach for recovering individual preferences from conjoint data. The estimator combines a flexible machine-learning mean preference function, via a deep netural network in our applications, with respondent-level empirical-Bayes updating in a logistic random utility model, allowing preferences to vary with observed characteristics while learning residual heterogeneity from repeated choices. Double/debiased machine learning delivers valid inference for population-average preference parameters with any sufficiently accurate first-stage learner. Across three applications, the method reveals heterogeneity reduced-form averages obscure: opposition to undemocratic behavior is broad but uneven in intensity, progressive tax preferences are widespread across partisan subgroups, and partisan polarization offsets the average gender effect in candidate choice. The framework opens the door to core theoretical questions in political science by recovering substantively interpretable structural parameters.

stat.ME

Motivated Reasoning and Information Aggregation

If agents engage in motivated reasoning, how does that affect the aggregation of information in society? We study the effects of motivated reasoning in two canonical settings - the Condorcet jury theorem (CJT), and the sequential social learning model (SLM). We define a notion of motivated reasoning that applies to these and a broader class of other settings, and contrast it to other approaches in the literature. We show for the CJT that information aggregates in the large electorate limit even with motivated reasoning. When signal quality differs across states, increasing motivation improves welfare in the state with the more informative signal and worsens it in the other state. In the SLM, motivated reasoning improves information aggregation up to a point; but if agents place too little weight on truth-seeking, this can lead to worse aggregation relative to the fully Bayesian benchmark.

econ.TH

Combining Outcome-Based and Preference-Based Matching: A Constrained Priority Mechanism

We introduce a constrained priority mechanism that combines outcome-based matching from machine-learning with preference-based allocation schemes common in market design. Using real-world data, we illustrate how our mechanism could be applied to the assignment of refugee families to host country locations, and kindergarteners to schools. Our mechanism allows a planner to first specify a threshold $\bar g$ for the minimum acceptable average outcome score that should be achieved by the assignment. In the refugee matching context, this score corresponds to the predicted probability of employment, while in the student assignment context it corresponds to standardized test scores. The mechanism is a priority mechanism that considers both outcomes and preferences by assigning agents (refugee families, students) based on their preferences, but subject to meeting the planner's specified threshold. The mechanism is both strategy-proof and constrained efficient in that it always generates a matching that is not Pareto dominated by any other matching that respects the planner's threshold.

econ.GN