Truthful Dataset Valuation by Pointwise Mutual Information
<|reference_start|>Truthful Dataset Valuation by Pointwise Mutual Information: A common way to evaluate a dataset in ML involves training a model on this dataset and assessing the model's performance on a test set. However, this approach has two issues: (1) it may incentivize undesirable data manipulation in data marketplaces, as the self-interested data providers seek to modify the dataset to maximize their evaluation scores; (2) it may select datasets that overfit to potentially small test sets. We propose a new data valuation method that provably guarantees the following: data providers always maximize their expected score by truthfully reporting their observed data. Any manipulation of the data, including but not limited to data duplication, adding random data, data removal, or re-weighting data from different groups, cannot increase their expected score. Our method, following the paradigm of proper scoring rules, measures the pointwise mutual information (PMI) of the test dataset and the evaluated dataset. However, computing the PMI of two datasets is challenging. We introduce a novel PMI measuring method that greatly improves tractability within Bayesian machine learning contexts. This is accomplished through a new characterization of PMI that relies solely on the posterior probabilities of the model parameter at an arbitrarily selected value. Finally, we support our theoretical results with simulations and further test the effectiveness of our data valuation method in identifying the top datasets among multiple data providers. Interestingly, our method outperforms the standard approach of selecting datasets based on the trained model's test performance, suggesting that our truthful valuation score can also be more robust to overfitting.<|reference_end|>
@article{zheng2024truthful,
    title={Truthful Dataset Valuation by Pointwise Mutual Information},
    author={Shuran Zheng, Yongchan Kwon, Xuan Qi, and James Zou},
    journal={arXiv preprint arXiv:2405.18253},
    year={2024},
    archivePrefix={arXiv},
    eprint={2405.18253},
    primaryClass={cs.LG cs.GT}
}