Approximating Regret Minimizing Sets: A Happiness Perspective
Phoomraphee Luenam, Yau Pun Chen, Raymond Chi-Wing Wong

TL;DR
This paper investigates approximation algorithms for regret minimizing sets from a happiness perspective, proving NP-hardness and inapproximability results, and offering improved algorithms and dataset reduction techniques with experimental validation.
Contribution
It introduces novel approximation algorithms for happiness-based regret minimization, establishes complexity bounds, and proposes dataset reduction methods for efficient computation.
Findings
NP-hardness of approximating happiness for k-RMS in high dimensions
Improved approximation algorithms for ARMS with better ratios
Dataset reduction schemes enabling faster heuristic algorithms
Abstract
A Regret Minimizing Set (RMS) is a useful concept in which a smaller subset of a database is selected while mostly preserving the best scores along every possible utility function. In this paper, we study the -Regret Minimizing Sets (-RMS) and Average Regret Minimizing Sets (ARMS) problems. -RMS selects records from a database such that the maximum regret ratio between the -th best score in the database and the best score in the selected records for any possible utility function is minimized. Meanwhile, ARMS minimizes the average of this ratio within a distribution of utility functions. Particularly, we study approximation algorithms for -RMS and ARMS from the perspective of approximating the happiness ratio, which is equivalent to one minus the regret ratio. In this paper, we show that the problem of approximating the happiness of a -RMS within any finite factor…
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Taxonomy
TopicsAdvanced Bandit Algorithms Research · Bayesian Modeling and Causal Inference · Risk and Portfolio Optimization
