Precarity: Modeling the Long Term Effects of Compounded Decisions on Individual Instability

04/24/2021
by   Pegah Nokhiz, et al.
7

When it comes to studying the impacts of decision making, the research has been largely focused on examining the fairness of the decisions, the long-term effects of the decision pipelines, and utility-based perspectives considering both the decision-maker and the individuals. However, there has hardly been any focus on precarity which is the term that encapsulates the instability in people's lives. That is, a negative outcome can overspread to other decisions and measures of well-being. Studying precarity necessitates a shift in focus - from the point of view of the decision-maker to the perspective of the decision subject. This centering of the subject is an important direction that unlocks the importance of parting with aggregate measures to examine the long-term effects of decision making. To address this issue, in this paper, we propose a modeling framework that simulates the effects of compounded decision-making on precarity over time. Through our simulations, we are able to show the heterogeneity of precarity by the non-uniform ruinous aftereffects of negative decisions on different income classes of the underlying population and how policy interventions can help mitigate such effects.

READ FULL TEXT

page 1

page 2

page 3

page 4

research
03/04/2019

On the Long-term Impact of Algorithmic Decision Policies: Effort Unfairness and Feature Segregation through Social Learning

Most existing notions of algorithmic fairness are one-shot: they ensure ...
research
10/04/2019

The Disparate Equilibria of Algorithmic Decision Making when Individuals Invest Rationally

The long-term impact of algorithmic decision making is shaped by the dyn...
research
04/19/2023

Optimizing Carbon Storage Operations for Long-Term Safety

To combat global warming and mitigate the risks associated with climate ...
research
01/12/2021

Decision Support for COVID-19 Policy Including Poverty Drivers

In this paper we present a multi-attribute decision support framework fo...
research
03/11/2022

Overcoming Temptation: Incentive Design For Intertemporal Choice

Individuals are often faced with temptations that can lead them astray f...
research
01/15/2022

Deciding Not To Decide

Sometimes unexpected, novel, unconceivable events enter our lives. The c...
research
04/04/2022

Achieving Long-Term Fairness in Sequential Decision Making

In this paper, we propose a framework for achieving long-term fair seque...

Please sign up or login with your details

Forgot password? Click here to reset