Detailed Instructions: In this task, you are given a part of an article. Your task is to generate headline (title) for this text. Preferred headlines are under fifteen words.
Problem:We explore the problem of binary classification in machine learning, with a twist the classifier is allowed to abstain on any datum, professing ignorance about the true class label without committing to any prediction. This is directly motivated by applications like medical diagnosis and fraud risk assessment, in which incorrect predictions have potentially calamitous consequences. We focus on a recent spate of theoretically driven work in this area that characterizes how allowing abstentions can lead to fewer errors in very general settings. Two areas are highlighted: the surprising possibility of zero-error learning, and the fundamental tradeoff between predicting sufficiently often and avoiding incorrect predictions. We review efficient algorithms with provable guarantees for each of these areas. We also discuss connections to other scenarios, notably active learning, as they suggest promising directions of further inquiry in this emerging field.
Solution:
The Utility of Abstaining in Binary Classification