Higher CEO career breadth correlates with better firm performance.
problem Limited adaptability in complex environments due to specialization.
method Constructed a Breadth Index from 650 CEOs' cross-domain experience, analyzed using regression.
result Higher Breadth Index CEOs outperform industry peers by 9.8 percentage points.
LLMs help less-resourced researchers access costly data.
problem Unequal access to costly datasets limits research contributions.
method RAG framework with GPT-4o-mini for automated data collection.
result LLMs can collect CEO pay ratios and CAMs from corporate disclosures with high accuracy and low cost.
Out-of-control information technology (IT) projects have ended the careers of top managers, such as EADS CEO Noel Forgeard and Levi Strauss' CIO David Bergen. Moreover, IT projects have brought down whole companies, like Kmart in the US and Auto Windscreen in the UK. Software and other IT is now such an integral part o…
The Canonical Regression Quantile method predicts CEO compensation and future performance.
problem Determining fair CEO compensation and its impact on company performance.
method Canonical Regression Quantile method to assess CEO pay and performance.
result The method can predict future CEO performance and distinguish over/underpaid CEOs.
Hurd's career overview and publications listed.
problem None explicitly stated in the abstract.
method Not applicable as it's an introduction.
result No specific key result mentioned.
Study proposes new framework for Board-CEO relationship.
problem Recent corporate failures highlight Board's role in governance effectiveness.
method Analyzes Board-CEO relationship and role reversal in Principal-Agent Theory.
result Role reversal in governance may lead to organizational collapse.
Job transitions and upskilling are common actions taken by many industry working professionals throughout their career. With the current rapidly changing job landscape where requirements are constantly changing and industry sectors are emerging, it is especially difficult to plan and navigate a predetermined career pat…
Foundation models improve wage gap decomposition by capturing omitted career history factors.
problem Estimating wage disparities using incomplete career history data.
method Fine-tuning foundation models to mitigate omitted variable bias and estimate wage gaps.
result Foundation models can decompose gender wage gaps more accurately than traditional econometric methods.
We characterize language generation with stability and breadth, proving impossibility results.
problem Characterizing and proving impossibility results for language generation with stability and breadth.
method Analysis of existing notions of breadth and stability, proving lower bounds.
result Proven impossibility of generating with higher perplexity or lower hallucination rate for stable generators.
Given a dataset of careers and incomes, how large a difference of income between any pair of careers would be? Given a dataset of travel time records, how long do we need to spend more when choosing a public transportation mode A instead of B to travel? In this paper, we propose a framework that is able to infer or…
Prior work finds a diversity paradox: diversity breeds innovation, and yet, underrepresented groups that diversify organizations have less successful careers within them. Does the diversity paradox hold for scientists as well? We study this by utilizing a near-population of ~1.2 million US doctoral recipients from 1977…
Study curves of constant breadth in a specific 3D manifold.
problem Differential geometry of curves in Walker 3-manifolds.
method Investigate curves of constant breadth using Darboux frame.
result Properties of curves of constant breadth in Walker 3-manifolds.
We introduce a model in which a regulator employs mechanism design to embed her human capital beta signal(s) in a firm's capital structure, in order to enhance the value of her post career change indexed executive stock option contract with the firm. We prove that the agency cost of this revolving door behavior increas…
Optimizes causal effects on unknown graphs using Causal Entropy Optimization.
problem Optimizing causal effects in unknown causal graphs.
method Causal Entropy Optimization (CEO) framework that generalizes Causal Bayesian Optimization (CBO). Incorporates causal structure uncertainty in surrogate models and intervention selection.
result CEO achieves faster convergence to global optimum compared to CBO and improves upon sequential structure learning.
The benefits of portfolio diversification is a central tenet implicit to modern financial theory and practice. Linked to diversification is the notion of breadth. Breadth is correctly thought of as the number of in- dependent bets available to an investor. Conventionally applications us- ing breadth frequently assume o…
Professional baseball players are increasingly guaranteed expensive long-term contracts, with over 70 deals signed in excess of \$90 million, mostly in the last decade. These are substantial sums compared to a typical franchise valuation of \$1-2 billion. Hence, the players to whom a team chooses to give such a contrac…
The high pay packages of U.S. CEOs have raised serious concerns about what would constitute a fair pay.
New findings show language models can't simultaneously avoid hallucinations and capture all language richness.
problem Achieving both valid output and full language richness in language generation.
method Investigates language generation within a statistical setting, focusing on consistency and breadth.
result For most collections of candidate languages, a language model cannot simultaneously avoid hallucinations and capture all language richness.
Study examines how social media sentiment impacts biotech stocks.
problem Understanding the impact of social media on biotech stock prices.
method VADER sentiment analysis, ARIMA, and VAR models were used to forecast stock market performance.
result Complex interplay between tweet sentiment and stock market performance was identified.
Study explores how dataset breadth and depth affect Siamese Neural Network performance.
problem Impact of dataset breadth and depth on Siamese Neural Network performance.
method Experiments with three keystroke datasets varying breadth and depth factors.
result Increasing dataset breadth improves model performance, while depth's impact varies by dataset type.
We study the gap between the state pension provided by the Italian pension system pre-Dini reform and post-Dini reform. The goal is to fill the gap between the old and the new pension by joining a defined contribution pension scheme and adopting an optimal investment strategy that is target-based. We find that it is po…
Based on 46 in-depth interviews with scientists, engineers, and CEOs, this document presents a list of concrete machine research problems, progress on which would directly benefit tech ventures in East Africa.
This paper studies communication efficiency in federated learning by optimizing the sum-rate-distortion function for indirect multiterminal source coding.
problem Indirect multiterminal source coding in federated learning where edge devices send noisy gradients to the server.
method Analyzes the rate region for the quadratic vector Gaussian CEO problem under unbiased estimator and derives an explicit formula for the sum-rate-distortion function.
result Derives an explicit formula for the sum-rate-distortion function in the special case of identical gradients over edge devices.
Study shows how business cycle affects dividend payout based on managerial stock incentives.
problem Impact of managerial stock incentives on dividend payout policy during business cycles.
method Using S&P 1500 companies data from 2000-2018, analyzing full sample and recession periods.
result Negative relationship between managerial stock options and dividend payouts, significant for medium-sized companies.
This paper tests LLMs in finance to assess ethical behavior.
problem Aligning AI with ethical and legal standards in finance.
method Prompted LLMs to simulate CEO behavior, analyzed with logistic regression.
result Significant heterogeneity in LLMs' unethical behavior propensity.
Discussing curvature flows and their applications.
problem Analyzing expanding curvature flows.
method Classical aspects of expanding curvature flows.
result First applications of curvature flows.
Survey of contact homology for contact manifolds.
problem Understanding contact manifolds through homology.
method Holomorphic curves invariants.
result Useful for students and young mathematicians.
We show that the number of unique function mappings in a neural network hypothesis space is inversely proportional to ∏lUl!, where Ul is the number of neurons in the hidden layer l.
Extended Thistlethwaite's result on Jones polynomials of quasi-alternating links.
problem Characterizing Jones polynomials of quasi-alternating links.
method Analyzing structure and properties of Jones polynomials for quasi-alternating links.
result Jones polynomials of prime quasi-alternating links have no gaps.
In this paper we analyze, evaluate, and improve the performance of training Random Forest (RF) models on modern CPU architectures. An exact, state-of-the-art binary decision tree building algorithm is used as the basis of this study. Firstly, we investigate the trade-offs between using different tree building algorithm…
The credit crisis roiling the world's financial markets will likely take years and entire careers to fully understand and analyze. A short empirical investigation of the current trends, however, demonstrates that the losses in certain markets, in this case the US equity markets, follow a cascade or epidemic flow like m…
Sharp bounds on negative impact identified from observational data.
problem Identifying the fraction of users negatively affected by a treatment.
method Developed robust inference algorithm to derive tightest-possible bounds on negative impact.
result Valid conservative bounds on the fraction negatively affected, even when functions are mislearned.
New approach to abstract neural network representations using renormalization group.
problem Developing truly abstract representations in neural networks.
method Renormalization group approach to expand representations to encompass broader data sets.
result Representations in neural networks become more abstract as data breadth increases and depth increases.
Simple proof of knot genus theorem using Alexander polynomial.
problem Proving the genus of an alternating knot equals half the breadth of its Alexander polynomial.
method Elementary, self-contained proof using Seifert's algorithm.
result Minimal genus surface obtained from any alternating knot diagram.
Solves Brezis' first open problem on ball solutions.
problem Existence of solutions to Brezis-Nirenberg problem on a 3D ball.
method Building on sign-changing solutions to the Yamabe problem.
result Infinitely many sign-changing, nonradial solutions found.
Studies have shown that the people depicted in image search results tend to be of majority groups with respect to socially salient attributes. This skew goes beyond that which already exists in the world - e.g., Kay et al. showed that although 28% of CEOs in US are women, only 10% of the top 100 results for CEO in Goog…
This study compares 6 imitation learning algorithms using a common dataset and hyperparameter budget.
problem Difficulty in comparing different imitation learning algorithms due to varying datasets, base RL algorithms, and evaluation settings.
method Reimplemented and updated 6 different imitation learning algorithms, using a common off-policy algorithm (SAC) and a widely-used dataset (D4RL). Evaluated on a range of expert trajectories.
result GAIL consistently performs well across different sample sizes, while AdRIL performs well with one important hyperparameter to tune and behavioral cloning remains a strong baseline when data is plentiful.
Deep imagination optimizes decision-making in large trees with limited resources.
problem Optimal planning in large decision trees with limited resources and time.
method Analytical solutions and numerical analysis of sampling capacity allocation.
result Optimal policy is to allocate few samples per level for deep exploration, favoring depth over breadth.
Enumerates knots up to five crossings and describes moves between them.
problem Counting and classifying knots up to a specific number of crossings.
method Generated tables of minimal diagrams and derived moves between knots.
result Conjecture about a lower bound for the triple-crossing number based on Alexander polynomial.
Over the last several years, the use of machine learning (ML) in neuroscience has been rapidly increasing. Here, we review ML's contributions, both realized and potential, across several areas of systems neuroscience. We describe four primary roles of ML within neuroscience: 1) creating solutions to engineering problem…
We give new characterisations of sets of positive reach and show that a closed hypersurface has positive reach if and only if it is of class C1,1. These results are then used to prove new alternating Steiner formulæ for hypersurfaces of positive reach. Furthermore, it will turn out that every hypersurface that sat…
An inverse limit of a sequence of covering spaces over a given space X is not, in general, a covering space over X but is still a lifting space, i.e. a Hurewicz fibration with unique path lifting property. Of particular interest are inverse limits of finite coverings (resp. finite regular coverings), which yield fi…
Develops a new framework for integrating satellite allocations in small portfolios.
problem Feasibility constraints in small portfolios, not return predictability, are the primary concerns.
method A four-layer feasibility framework: physical, economic, structural, and epistemic.
result Closed-form feasibility bounds on satellite size, turnover, and breadth without return forecasts.
Develops NFCF to reduce gender bias in social media recommendation systems.
problem Reduces gender bias in collaborative filtering systems on social media data.
method Pre-training and fine-tuning neural collaborative filtering with bias correction techniques.
result Achieves better performance and fairness in gender de-biased recommendations.
Teaches deep learning to statisticians.
problem Statisticians lack expertise in deep learning.
method Developed a program and taught DL to statistics graduate students.
result Provided tips and resources for teaching DL.
We use customer demand data for fashion articles on Myntra, and derive a fashionability or style quotient, which represents customer demand for the stylistic content of a fashion article, decoupled with its commercials (price, offers, etc.). We demonstrate learning for assortment planning in fashion that would aim to k…
Rebellion Research's AI strategy outperformed the S&P 500 for 14 years.
problem Outperforming the S&P 500 for 14 years with AI.
method AI Global Equity strategy focused on machine learning.
result AI strategy has outperformed the S&P 500 for 14 years.
The article explains the probabilistic method of default probability estimation by Pluto and Tasche.
problem Estimating default probabilities for portfolios with low default rates.
method Detailed derivation and explanation of the Pluto-Tasche method, including assumptions and inequalities.
result Clarification of borrower independence, conditional independence, and interaction between probability distributions.