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CMSC-33580-1

The Value of Data

Fall 2024

This class counts as an elective if you choose it to take it to obtain a letter grade, as opposed to pass/fail.

This seminar is focused on answering one question: “what is the value of data?”. Throughout a mix of lectures and paper discussions, we will explore the many dimensions of this question. We will explore this question from a multidisciplinary perspective that includes computer science, economics, and social science, among others. We will discuss abstract ideas and practical concepts and tools as well.

A typical session will consist of a short introduction by the instructor, followed by a paper discussion (students are expected to read the assigned papers ahead of the class and guide the discussion).

Learning Objectives

In addition to learning about a varied set of topics related to data science, data management, and data economics, the following are the specific learning objectives of this class:

Course Information

Instructor: Raul Castro Fernandez (raulcf@uchicago.edu)

Lectures: Friday 9:30am–12:20pm (Central Time)

Prerequisites: Permission from the instructor.

Canvas Site: Go here. We won’t use Canvas. Canvas simply points to this website.

Room: Ryerson 277

Coursework and Evaluation

Assignment 1 (A1): Applying Dataflow Thinking to a data ecosystem of your choosing.

Assignment 2 (A2): Max 2000-word report that includes: i) motivation of a data ecosystem of your choosing; ii) description of data-related challenges in such ecosystem; iii) applied dataflow thinking to the ecosystem (from A1); iv) proposed interventions and (qualitative or quantitative) analysis of their effectiveness; v) discussion of related literature.

Attendance. Much of the value of this class is in attending the sessions, discussing the papers, and engaging in the discussions.

Guiding paper discussion. You will be assigned readings to discuss in class.

You can choose to take this class to gain a letter grade or Pass/Fail (check with your program whether Pass/Fail is indeed an option available to you). To grade your work we will follow an ESNU grading scheme (Excellent, Satisfactory, Not-Satisfactory, Ungradable). Each assignment will receive a letter E, S, N, or U. You will have an opportunity to resubmit all assignments but 1 (the last one) and improve your grade.

You can resubmit A1 (as part of your final A2) and improve your grade. But you cannot resubmit A2. We will create opportunities in class to discuss progress and brainstorm any questions that arise.

You get an E in attendance if you come to class and participate in the discussions. Just showing up won’t guarantee an E. You get an E in guiding paper discussion if you: i) prepare an adequate summary of the paper; ii) discuss its connection to the topics we cover in class; iii) discuss strengths and weaknesses; iv) pose questions to incent discussion

Schedule

The schedule is available here. Check it out frequently as the readings for each week will be included here.

The schedule combines lectures with discussion-based sessions led by the instructor as well as workshops geared towards helping you with A1 and A2. Most lectures and discussion sessions require working on some readings before class.