Nate Hagens from the University of Minnesota spoke at KAUST's Winter Enrichment Program (WEP) 2018 about the intersection of energy, human behavior, and economics. Hagens argued that society functions as an energy-dissipating "superorganism," with human preferences correlated with increasing energy needs. He emphasized that energy, not money, is the real capital, but global society is running out of it. Why it matters: The talk highlights the importance of viewing society through an ecological lens, particularly in the context of the GCC region's reliance on energy resources.
This paper introduces DaringFed, a novel dynamic Bayesian persuasion pricing mechanism for online federated learning (OFL) that addresses the challenge of two-sided incomplete information (TII) regarding resources. It formulates the interaction between the server and clients as a dynamic signaling and pricing allocation problem within a Bayesian persuasion game, demonstrating the existence of a unique Bayesian persuasion Nash equilibrium. Evaluations on real and synthetic datasets demonstrate that DaringFed optimizes accuracy and convergence speed and improves the server's utility.
Cindy Lee Van Dover, a professor at Duke University, spoke at KAUST's Winter Enrichment Program in 2017 about the blue economy. The blue economy refers to the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystems. Why it matters: This highlights KAUST's interest in marine science and sustainable development related to ocean resources.
In a 2018 KAUST lecture, MIT professor Kamal Youcef-Toumi discussed the case of Ordos Kangbashi, a Chinese city designed for a million residents that became a near-ghost town. Despite government incentives, the city struggled due to an economic downturn and lack of social and economic balance. Youcef-Toumi emphasized the importance of the public realm and a balance between social and economic development for successful cities. Why it matters: The analysis provides insights relevant to urban planning in Saudi Arabia and the broader GCC region, where new cities and megaprojects are being developed.