arXiv research

Investigates optimal portfolios with risk-free assets, minimizing investment risk.

The Tobin tax is an often discussed method to tame speculation and get a source of income. The discussion is especially heated when the financial markets are in crisis. In this article we refer to foreign exchange markets. The Tobin tax should be a small international tax affecting all currency transactions and thus co…

This paper investigates - on the basis of the Cont-Bouchaud model - whether a Tobin tax can stabilize foreign exchange markets. Compared to earlier studies, this paper explicitly recognizes that a transaction tax-induced reduction in market depth may increase the price responsiveness of a given order. We find that the …

Study compares Islamic banks' accounting and market performance.

Do we know if a short selling ban or a Tobin Tax result in more stable asset prices? Or do they in fact make things worse? Just like medicine regulatory measures in financial markets aim at improving an already complex system. And just like medicine these interventions can cause side effects which are even harder to as…

We show that the introduction of Tobin taxes in agent-based models of currency markets can lead to a reduction of speculative trading and reduce the magnitude of exchange rate fluctuations at intermediate tax rates. In this regime revenues for the market maker obtained from speculators are maximal. We here focus on Min…

ChatGPT scores corporate investment plans, predicting future spending and returns.

We consider a single security market based on a limit order book and two investors, with different speeds of trade execution. If the fast investor can front-run the slower investor, we show that this allows the fast trader to obtain risk free profits, but that these profits cannot be scaled. We derive the fast trader's…

Study finds super-efficiency correlates more strongly with stock market valuation than ROA in Chinese banks.

The aim of this paper is to construct a natural Riemann-Lagrange differential geometry on 1-jet spaces, in the sense of nonlinear connections, generalized Cartan connections, d-torsions, d-curvatures, jet electromagnetic fields and jet Yang-Mills energies, starting from some given non-linear evolution DEs systems model…

The Stone-Weierstrass theorem aids in solving inverse problems on specific manifolds.

The paper solves optimal bounds for separating data points in high dimensions.

Develops a new framework for causal models on cyclic graphs, solving unique solvability issues.

The paper defines Fenchel conjugate and biconjugate on Hadamard manifolds.

New framework links fractal complexity to separation dimension.

We investigate compact Hausdorff foliations on compact Riemannian manifolds in the context of the Gromov-Hausdorff distance theory. We give some sufficient conditions for such foliations to be separated in the Gromov-Hausdorff topology.

Suppose that all hyperbolic groups are residually finite. The following statements follow: In relatively hyperbolic groups with peripheral structures consisting of finitely generated nilpotent subgroups, quasiconvex subgroups are separable; Geometrically finite subgroups of non-uniform lattices in rank one symmetric sp…

Extends Lannes-Quillen theorem to all profinite groups.

Hanner's theorem is a classical theorem in the theory of retracts and extensors in topological spaces, which states that a local ANE is an ANE. While Hanner's original proof of the theorem is quite simple for separable spaces, it is rather involved for the general case. We provide a proof which is not only short, but a…

We use wreath products to provide criteria for a group to be conjugacy separable or omnipotent. These criteria are in terms of virtual retractions onto cyclic subgroups. We give two applications: a straightforward topological proof of the theorem of Stebe that infinite-order elements of Fuchsian groups (of the first ty…

New framework for cyclic quantum causal models with graph separation property.

Research builds an index measuring analysts' perception of informational asymmetry.

This work proposes external correctors for quick AI error corrections without system modification.

We prove that simple, thick hyperbolic P-manifolds of dimension >2 exhibit Mostow rigidity. We also prove a quasi-isometry rigidity result for the fundamental groups of simple, thick hyperbolic P-manifolds of dimension >2. The key tool in the proofs of these rigidity results is a strong form of the Jordan separation th…

The study quantifies how many objects can be linearly classified under all views.

A celebrated theorem of Marshall Hall Jr. implies that finitely generated free groups are subgroup separable and that all of their finitely generated subgroups are retracts of finite-index subgroups. We use topological techniques inspired by the work of Stallings to prove that all limit groups share these two propertie…

Experimental evidence for curve ratios on genus two surfaces.

Study examines UK firms' financial performance linked to corporate governance.

Gaussian graphical models are semi-algebraic subsets of the cone of positive definite covariance matrices. Submatrices with low rank correspond to generalizations of conditional independence constraints on collections of random variables. We give a precise graph-theoretic characterization of when submatrices of the cov…

The divergence theorem in its usual form applies only to suitably smooth vector fields. For vector fields which are merely piecewise smooth, as is natural at a boundary between regions with different physical properties, one must patch together the divergence theorem applied separately in each region. We give an elegan…

New proof shows no flat embedding for Petersen family graphs.

The paper extends von Neumann's theory to normed modules and shows how they can be represented.

This is a recreational paper showing that certain linked graphs cannot be separated. The proofs employ elementary covering space theory, an appeal to a theorem of Scharlemann (concerning the band sums of two unknots), and a Jones polynomial calculation.

3-manifolds have covers with infinitely many ideal triangulations.

We prove that every continuous function on a separable infinite-dimensional Hilbert space X can be uniformly approximated by smooth functions with no critical points. This kind of result can be regarded as a sort of very strong approximate version of the Morse-Sard theorem. Some consequences of the main theorem are as …

We bound the locations of outermost minimal surfaces in geometrostatic manifolds whose ADM mass is small relative to the separation between the black holes and prove the Intrinsic Flat Stability of the Positive Mass Theorem in this setting.

This work establishes universality for deep equivariant networks, overcoming limitations of previous approaches.

We study the topological types of pants decompositions of a surface by associating to any pants decomposition $P,$ in a natural way its pants decomposition graph, $Γ(P).$ This perspective provides a convenient way to analyze the maximum distance in the pants complex of any pants decomposition to a pants decomposition c…

We prove that every continuous mapping from a separable infinite-dimensional Hilbert space $X$ into $\mathbb{R}^{m}$ can be uniformly approximated by $C^\infty$ smooth mappings {\em with no critical points}. This kind of result can be regarded as a sort of very strong approximate version of the Morse-Sard theorem. Some…

The Trek Separation Theorem (Sullivant et al. 2010) states necessary and sufficient conditions for a linear directed acyclic graphical model to entail for all possible values of its linear coefficients that the rank of various sub-matrices of the covariance matrix is less than or equal to n, for any given n. In this pa…

We formalize causal separation in portfolio theory, deriving a closed-form projected Markowitz solution.

For many years, a combination of principal component analysis (PCA) and independent component analysis (ICA) has been used for blind source separation (BSS). However, it remains unclear why these linear methods work well with real-world data that involve nonlinear source mixtures. This work theoretically validates that…

In 1987, Kalai proved that stacked spheres of dimension $d\geq 3$ are characterised by the fact that they attain equality in Barnette's celebrated Lower Bound Theorem. This result does not extend to dimension $d=2$. In this article, we give a characterisation of stacked $2$-spheres using what we call the {\em separatio…

In this paper, we state two combination theorems for relatively quasiconvex subgroups in a relatively hyperbolic group. Applications are given to the separability of double cosets of certain relatively quasiconvex subgroups and the existence of closed surface subgroups in relatively hyperbolic groups.

Deep networks achieve linear separability through progressive folding of data in higher dimensions.

Let $N_g^k$ be a nonorientable surface of genus \ $g\geq 5$ \ with \ $k$-punctures. In this note, we will give an algebraic characterization of a Dehn twist about a simple closed curve on $N_g^k$. Along the way, we will fill some little gaps in the proofs of some theorems in \cite{A} and \cite{I1} giving algebraic char…

Study on self-similar sets on Riemannian manifolds with new separation conditions.

This paper extends de Rham theory of smooth manifolds to exploded manifolds. Included are versions of Stokes' theorem, De Rham cohomology, Poincare duality, and integration along the fiber. The resulting cohomology theory is used to define Gromov Witten invariants of exploded manifolds in a separate paper.