A1135
Title: The price of independence in a model with unknown dependence
Authors: Victor de la Pena - Columbia University (United States) [presenting]
Abstract: How much does it cost a decision-maker to base her payoff on interdependent, biased information sources? This question is relevant in economics, statistics and politics. When there are many information sources, their dependence may be unknown or uncertain, which creates multivariate ambiguity. One approach to answer one leading question involves decoupling inequalities from probability theory. New inequalities which hold for any type of dependence are presented. Applications to the problem of asset investment are provided.
