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real options (real option)

Real options, also called a real option, are choices built into an investment opportunity that give an investor or organization flexibility to change a decision as uncertainty unfolds, such as delaying, expanding, or abandoning a project.

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DAVINZ: Data Valuation using Deep Neural Networks at Initialization

DAVINZ: Data Valuation using Deep Neural Networks at Initialization

Zhaoxuan Wu, Yao Shu, Bryan Kian Hsiang Low

Why you should read this

Proposes a training-free data valuation framework that leverages neural tangent kernel theory and domain-aware generalization bounds to accurately quantify dataset contributions to deep neural networks at initialization without expensive model training.

Recent years have witnessed a surge of interest in developing trustworthy methods to evaluate the value of data in many real-world applications (e.g., collaborative machine learning, data marketplaces). Existing data valuation methods typically valuate data using the generalization performance of converged machine learning models after their long-term model training, hence making data valuation on large complex deep neural networks (DNNs) unaffordable. To this end, we theoretically derive a domain-aware generalization bound to estimate the generalization performance of DNNs without model training. We then exploit this theoretically derived generalization bound to develop a novel training-free data valuation method named data valuation at initialization (DAVINZ) on DNNs, which consistently achieves remarkable effectiveness and efficiency in practice. Moreover, our training-free DAVINZ, surprisingly, can even theoretically and empirically enjoy the desirable properties that training-based data valuation methods usually attain, thus making it more trustworthy in practice.

Added

2026-10-02