Bidding Strategies for Proportional Representation in Advertisement
Campaigns
- URL: http://arxiv.org/abs/2305.13542v1
- Date: Mon, 22 May 2023 23:29:05 GMT
- Title: Bidding Strategies for Proportional Representation in Advertisement
Campaigns
- Authors: Inbal Livni Navon, Charlotte Peale, Omer Reingold, Judy Hanwen Shen
- Abstract summary: We show that equitable bidding may not result in equitable outcomes due to heterogeneous levels of competition for different types of individuals.
We consider alterations that make no change to the platform mechanism and instead change the bidding strategies used by advertisers.
- Score: 8.269283912626873
- License: http://creativecommons.org/licenses/by/4.0/
- Abstract: Many companies rely on advertising platforms such as Google, Facebook, or
Instagram to recruit a large and diverse applicant pool for job openings. Prior
works have shown that equitable bidding may not result in equitable outcomes
due to heterogeneous levels of competition for different types of individuals.
Suggestions have been made to address this problem via revisions to the
advertising platform. However, it may be challenging to convince platforms to
undergo a costly re-vamp of their system, and in addition it might not offer
the flexibility necessary to capture the many types of fairness notions and
other constraints that advertisers would like to ensure. Instead, we consider
alterations that make no change to the platform mechanism and instead change
the bidding strategies used by advertisers. We compare two natural fairness
objectives: one in which the advertisers must treat groups equally when bidding
in order to achieve a yield with group-parity guarantees, and another in which
the bids are not constrained and only the yield must satisfy parity
constraints. We show that requiring parity with respect to both bids and yield
can result in an arbitrarily large decrease in efficiency compared to requiring
equal yield proportions alone. We find that autobidding is a natural way to
realize this latter objective and show how existing work in this area can be
extended to provide efficient bidding strategies that provide high utility
while satisfying group parity constraints as well as deterministic and
randomized rounding techniques to uphold these guarantees. Finally, we
demonstrate the effectiveness of our proposed solutions on data adapted from a
real-world employment dataset.
Related papers
- Fair Allocation in Dynamic Mechanism Design [57.66441610380448]
We consider a problem where an auctioneer sells an indivisible good to groups of buyers in every round, for a total of $T$ rounds.
The auctioneer aims to maximize their discounted overall revenue while adhering to a fairness constraint that guarantees a minimum average allocation for each group.
arXiv Detail & Related papers (2024-05-31T19:26:05Z) - Maximizing the Success Probability of Policy Allocations in Online
Systems [5.485872703839928]
In this paper we consider the problem at the level of user timelines instead of individual bid requests.
In order to optimally allocate policies to users, typical multiple treatments allocation methods solve knapsack-like problems.
We introduce the SuccessProMax algorithm that aims at finding the policy allocation which is the most likely to outperform a fixed policy.
arXiv Detail & Related papers (2023-12-26T10:55:33Z) - Advancing Ad Auction Realism: Practical Insights & Modeling Implications [2.8413290300628313]
This paper shows that one can still gain useful insight into modern ad auctions by modeling advertisers as agents governed by an adversarial bandit algorithm.
We find that soft floors yield lower revenues than suitably chosen reserve prices, even restricting attention to a single query.
arXiv Detail & Related papers (2023-07-21T17:45:28Z) - VFed-SSD: Towards Practical Vertical Federated Advertising [53.08038962443853]
We propose a semi-supervised split distillation framework VFed-SSD to alleviate the two limitations.
Specifically, we develop a self-supervised task MatchedPair Detection (MPD) to exploit the vertically partitioned unlabeled data.
Our framework provides an efficient federation-enhanced solution for real-time display advertising with minimal deploying cost and significant performance lift.
arXiv Detail & Related papers (2022-05-31T17:45:30Z) - Addressing Strategic Manipulation Disparities in Fair Classification [15.032416453073086]
We show that individuals from minority groups often pay a higher cost to update their features.
We propose a constrained optimization framework that constructs classifiers that lower the strategic manipulation cost for minority groups.
Empirically, we show the efficacy of this approach over multiple real-world datasets.
arXiv Detail & Related papers (2022-05-22T14:59:40Z) - Impression Allocation and Policy Search in Display Advertising [20.665879360586448]
In online display advertising, guaranteed contracts and real-time bidding (RTB) are two major ways to sell impressions for a publisher.
We formulate impression allocation as an auction problem where each guaranteed contract submits virtual bids for individual impressions.
We propose a multi-agent reinforcement learning method to adjust the bids from each guaranteed contract, which is simple, converging efficiently and scalable.
arXiv Detail & Related papers (2022-03-11T08:55:13Z) - A Unified Framework for Campaign Performance Forecasting in Online
Display Advertising [9.005665883444902]
Interpretable and accurate results could enable advertisers to manage and optimize their campaign criteria.
New framework reproduces campaign performance on historical logs under various bidding types with a unified replay algorithm.
Method captures mixture calibration patterns among related forecast indicators to map the estimated results to the true ones.
arXiv Detail & Related papers (2022-02-24T03:04:29Z) - A Cooperative-Competitive Multi-Agent Framework for Auto-bidding in
Online Advertising [53.636153252400945]
We propose a general Multi-Agent reinforcement learning framework for Auto-Bidding, namely MAAB, to learn the auto-bidding strategies.
Our approach outperforms several baseline methods in terms of social welfare and guarantees the ad platform's revenue.
arXiv Detail & Related papers (2021-06-11T08:07:14Z) - Multi-Stage Decentralized Matching Markets: Uncertain Preferences and
Strategic Behaviors [91.3755431537592]
This article develops a framework for learning optimal strategies in real-world matching markets.
We show that there exists a welfare-versus-fairness trade-off that is characterized by the uncertainty level of acceptance.
We prove that participants can be better off with multi-stage matching compared to single-stage matching.
arXiv Detail & Related papers (2021-02-13T19:25:52Z) - Beyond Individual and Group Fairness [90.4666341812857]
We present a new data-driven model of fairness that is guided by the unfairness complaints received by the system.
Our model supports multiple fairness criteria and takes into account their potential incompatibilities.
arXiv Detail & Related papers (2020-08-21T14:14:44Z) - Dynamic Knapsack Optimization Towards Efficient Multi-Channel Sequential
Advertising [52.3825928886714]
We formulate the sequential advertising strategy optimization as a dynamic knapsack problem.
We propose a theoretically guaranteed bilevel optimization framework, which significantly reduces the solution space of the original optimization space.
To improve the exploration efficiency of reinforcement learning, we also devise an effective action space reduction approach.
arXiv Detail & Related papers (2020-06-29T18:50:35Z)
This list is automatically generated from the titles and abstracts of the papers in this site.
This site does not guarantee the quality of this site (including all information) and is not responsible for any consequences.