Single-Sample Prophet Inequalities via Greedy-Ordered Selection

Open Access
Authors
  • C. Caramanis
  • P. Dütting
  • M. Faw
  • F. Fusco
Publication date 2022
Host editors
  • J. Naor
  • N. Buchbinder
Book title Proceedings of the 2022 Annual ACM-SIAM Symposium on Discrete Algorithms (SODA)
ISBN (electronic)
  • 9781611977073
Event 33rd Annual ACM-SIAM Symposium on Discrete Algorithms, SODA 2022
Pages (from-to) 1298-1325
Number of pages 28
Publisher New York: Society for Industrial and Applied Mathematics
Organisations
  • Interfacultary Research - Institute for Logic, Language and Computation (ILLC)
Abstract

We study single-sample prophet inequalities (SSPIs), i.e., prophet inequalities where only a single sample from each prior distribution is available. Besides a direct, and optimal, SSPI for the basic single choice problem [Rubinstein et al., 2020], most existing SSPI results were obtained via an elegant, but inherently lossy reduction to order-oblivious secretary (OOS) policies [Azar et al., 2014]. Motivated by this discrepancy, we develop an intuitive and versatile greedy-based technique that yields SSPIs directly rather than through the reduction to OOSs. Our results can be seen as generalizing and unifying a number of existing results in the area of prophet and secretary problems. Our algorithms significantly improve on the competitive guarantees for a number of interesting scenarios (including general matching with edge arrivals, bipartite matching with vertex arrivals, and certain matroids), and capture new settings (such as budget additive combinatorial auctions). Complementing our algorithmic results, we also consider mechanism design variants. Finally, we analyze the power and limitations of different SSPI approaches by providing a partial converse to the reduction from SSPI to OOS given by Azar et al.

Document type Conference contribution
Language English
Published at https://doi.org/10.48550/arXiv.2111.03174 https://doi.org/10.1137/1.9781611977073.54
Other links https://www.scopus.com/pages/publications/85130375633
Downloads
2111.03174 (Accepted author manuscript)
Permalink to this page
Back