{"id":"https://openalex.org/W3035156672","doi":"https://doi.org/10.1145/3465456.3467646","title":"Algorithms and Learning for Fair Portfolio Design","display_name":"Algorithms and Learning for Fair Portfolio Design","publication_year":2021,"publication_date":"2021-07-18","ids":{"openalex":"https://openalex.org/W3035156672","doi":"https://doi.org/10.1145/3465456.3467646","mag":"3035156672"},"language":"en","primary_location":{"id":"doi:10.1145/3465456.3467646","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3465456.3467646","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 22nd ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"type":"preprint","indexed_in":["arxiv","crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://arxiv.org/pdf/2006.07281","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5111528669","display_name":"Emily Diana","orcid":"https://orcid.org/0000-0002-2386-9126"},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Emily Diana","raw_affiliation_strings":["University of Pennsylvania, Philadelphia, PA, USA","University of Pennsylvania, Philadelphia, PA, USA;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA","institution_ids":["https://openalex.org/I79576946"]},{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA;","institution_ids":["https://openalex.org/I79576946"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5090992760","display_name":"Travis Dick","orcid":"https://orcid.org/0009-0005-1271-307X"},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Travis Dick","raw_affiliation_strings":["University of Pennsylvania, Philadelphia, PA, USA","University of Pennsylvania, Philadelphia, PA, USA;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA","institution_ids":["https://openalex.org/I79576946"]},{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA;","institution_ids":["https://openalex.org/I79576946"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5002313823","display_name":"Hadi Elzayn","orcid":null},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Hadi Elzayn","raw_affiliation_strings":["Stanford University, Stanford, CA, USA","Stanford Univ., Stanford, CA (USA)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Stanford University, Stanford, CA, USA","institution_ids":["https://openalex.org/I97018004"]},{"raw_affiliation_string":"Stanford Univ., Stanford, CA (USA)","institution_ids":["https://openalex.org/I97018004"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5029730907","display_name":"Michael Kearns","orcid":"https://orcid.org/0000-0001-7569-0147"},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Michael Kearns","raw_affiliation_strings":["University of Pennsylvania, Philadelphia, PA, USA","University of Pennsylvania, Philadelphia, PA, USA;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA","institution_ids":["https://openalex.org/I79576946"]},{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA;","institution_ids":["https://openalex.org/I79576946"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5057693522","display_name":"Aaron Roth","orcid":"https://orcid.org/0000-0002-0586-0515"},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Aaron Roth","raw_affiliation_strings":["University of Pennsylvania, Philadelphia, PA, USA","University of Pennsylvania, Philadelphia, PA, USA;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA","institution_ids":["https://openalex.org/I79576946"]},{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA;","institution_ids":["https://openalex.org/I79576946"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5085368888","display_name":"Zachary Schutzman","orcid":"https://orcid.org/0000-0002-3448-5654"},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Zachary Schutzman","raw_affiliation_strings":["University of Pennsylvania, Philadelphia, PA, USA","University of Pennsylvania, Philadelphia, PA, USA;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA","institution_ids":["https://openalex.org/I79576946"]},{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA;","institution_ids":["https://openalex.org/I79576946"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5020174689","display_name":"Saeed Sharifi-Malvajerdi","orcid":null},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Saeed Sharifi-Malvajerdi","raw_affiliation_strings":["University of Pennsylvania, Philadelphia, PA, USA","University of Pennsylvania, Philadelphia, PA, USA;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA","institution_ids":["https://openalex.org/I79576946"]},{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA;","institution_ids":["https://openalex.org/I79576946"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5008250785","display_name":"Juba Ziani","orcid":"https://orcid.org/0000-0002-3324-4349"},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Juba Ziani","raw_affiliation_strings":["University of Pennsylvania, Philadelphia, PA, USA","University of Pennsylvania, Philadelphia, PA, USA;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA","institution_ids":["https://openalex.org/I79576946"]},{"raw_affiliation_string":"University of Pennsylvania, Philadelphia, PA, USA;","institution_ids":["https://openalex.org/I79576946"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.00785457,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"371","last_page":"389"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9948999881744385,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9948999881744385,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9922999739646912,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10991","display_name":"Game Theory and Voting Systems","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.7660739421844482},{"id":"https://openalex.org/keywords/generalization","display_name":"Generalization","score":0.6618658900260925},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.5168619751930237},{"id":"https://openalex.org/keywords/modern-portfolio-theory","display_name":"Modern portfolio theory","score":0.49740269780158997},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4875797629356384},{"id":"https://openalex.org/keywords/set","display_name":"Set (abstract data type)","score":0.47756510972976685},{"id":"https://openalex.org/keywords/replicating-portfolio","display_name":"Replicating portfolio","score":0.4411051273345947},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.41464096307754517},{"id":"https://openalex.org/keywords/portfolio-optimization","display_name":"Portfolio optimization","score":0.412768691778183},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.37662068009376526},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3742234706878662},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.3346005082130432},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.33041107654571533},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.31641650199890137},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.136785626411438}],"concepts":[{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.7660739421844482},{"id":"https://openalex.org/C177148314","wikidata":"https://www.wikidata.org/wiki/Q170084","display_name":"Generalization","level":2,"score":0.6618658900260925},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.5168619751930237},{"id":"https://openalex.org/C9725762","wikidata":"https://www.wikidata.org/wiki/Q1072885","display_name":"Modern portfolio theory","level":3,"score":0.49740269780158997},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4875797629356384},{"id":"https://openalex.org/C177264268","wikidata":"https://www.wikidata.org/wiki/Q1514741","display_name":"Set (abstract data type)","level":2,"score":0.47756510972976685},{"id":"https://openalex.org/C21099588","wikidata":"https://www.wikidata.org/wiki/Q7314068","display_name":"Replicating portfolio","level":4,"score":0.4411051273345947},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.41464096307754517},{"id":"https://openalex.org/C202655437","wikidata":"https://www.wikidata.org/wiki/Q7231728","display_name":"Portfolio optimization","level":3,"score":0.412768691778183},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.37662068009376526},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3742234706878662},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3346005082130432},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.33041107654571533},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.31641650199890137},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.136785626411438},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1145/3465456.3467646","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3465456.3467646","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 22nd ACM Conference on Economics and Computation","raw_type":"proceedings-article"},{"id":"pmh:oai:arXiv.org:2006.07281","is_oa":true,"landing_page_url":"http://arxiv.org/abs/2006.07281","pdf_url":"https://arxiv.org/pdf/2006.07281","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"text"},{"id":"mag:3035156672","is_oa":true,"landing_page_url":"https://arxiv.org/pdf/2006.07281.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"arXiv (Cornell University)","raw_type":null},{"id":"doi:10.48550/arxiv.2006.07281","is_oa":true,"landing_page_url":"https://doi.org/10.48550/arxiv.2006.07281","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":null,"raw_source_name":null,"raw_type":"Preprint"}],"best_oa_location":{"id":"pmh:oai:arXiv.org:2006.07281","is_oa":true,"landing_page_url":"http://arxiv.org/abs/2006.07281","pdf_url":"https://arxiv.org/pdf/2006.07281","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"text"},"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3035156672.pdf","grobid_xml":"https://content.openalex.org/works/W3035156672.grobid-xml"},"referenced_works_count":13,"referenced_works":["https://openalex.org/W1989192147","https://openalex.org/W2044016543","https://openalex.org/W2079854492","https://openalex.org/W2097477220","https://openalex.org/W2150409561","https://openalex.org/W2592030152","https://openalex.org/W2889252776","https://openalex.org/W2952931111","https://openalex.org/W2963352300","https://openalex.org/W3001617545","https://openalex.org/W3005851375","https://openalex.org/W3033733989","https://openalex.org/W6807091881"],"related_works":["https://openalex.org/W3179869836","https://openalex.org/W2148354128","https://openalex.org/W2996193577","https://openalex.org/W2467879811","https://openalex.org/W2917343362","https://openalex.org/W2990652446","https://openalex.org/W176778722","https://openalex.org/W2144331444","https://openalex.org/W2186023822","https://openalex.org/W2181402706","https://openalex.org/W2158039765","https://openalex.org/W2098393413","https://openalex.org/W2140683749","https://openalex.org/W2973059555","https://openalex.org/W2911421537","https://openalex.org/W1506373683","https://openalex.org/W2911506427","https://openalex.org/W2016192187","https://openalex.org/W3126095702","https://openalex.org/W3122310378"],"abstract_inverted_index":{"In":[0,29],"this":[1],"paper":[2],"we":[3],"initiate":[4],"the":[5,22,44,89],"study":[6],"of":[7,25,65,97],"financial":[8],"asset":[9],"design":[10,61],"with":[11],"fairness":[12],"as":[13],"an":[14,32],"explicit":[15],"goal.":[16],"We":[17,59],"consider":[18],"a":[19,62,72],"variation":[20],"on":[21],"classical":[23],"problem":[24],"optimal":[26],"portfolio":[27,73],"design.":[28],"our":[30],"setting,":[31],"individual":[33],"consumer":[34,70],"is":[35,49,84],"specified":[36,106],"by":[37,86],"her":[38,81],"risk":[39,79],"tolerance,":[40],"which":[41],"corresponds":[42],"to":[43,51,71],"variance":[45],"in":[46,53],"returns":[47],"she":[48],"willing":[50],"accept":[52],"exchange":[54],"for":[55],"higher":[56],"expected":[57,98],"returns.":[58],"must":[60],"(small)":[63],"collection":[64],"portfolios":[66,90],"and":[67],"assign":[68],"each":[69],"at":[74],"lower":[75],"or":[76],"approximately":[77],"equal":[78],"than":[80],"tolerance.":[82],"Fairness":[83],"imposed":[85],"demanding":[87],"that":[88],"designed":[91],"do":[92],"not":[93],"discriminate":[94],"(in":[95],"terms":[96],"returns)":[99],"against":[100],"less":[101],"wealthy":[102],"clients":[103],"(or":[104],"other":[105],"protected":[107],"groups).":[108]},"counts_by_year":[],"updated_date":"2026-07-01T08:55:40.977307","created_date":"2025-10-10T00:00:00"}
