A locally-built, LLM-digested index of recent arXiv papers in quant finance, geometry/topology, and statistical ML — keyword search served straight from SQLite on this machine.
We compare communication efficiencies of two compelling distributed machine learning approaches of split learning and federated learning. We show useful settings under which each method outperforms the other in terms of communication efficiency. We consider various practical scenarios of distributed learning setup and …
Federated Learning allows multiple parties to jointly train a deep learning model on their combined data, without any of the participants having to reveal their local data to a centralized server. This form of privacy-preserving collaborative learning however comes at the cost of a significant communication overhead du…
Boosting-inspired framework for federated learning with progressive model personalization.
problem Statistical heterogeneity across clients in federated learning.
method Construct an ensemble of personalized models, progressively increasing the depth of the personalized component while controlling its effective complexity.
result Consistently outperforms state-of-the-art PFL methods under heterogeneous data distributions.
Unfair stock trading strategies have been shown to be one of the most negative perceptions that customers can have concerning trading and may result in long-term losses for a company. Investment banks usually place trading orders for multiple clients with the same target assets but different order sizes and diverse req…
Federated learning (FL) allows model training from local data collected by edge/mobile devices while preserving data privacy, which has wide applicability to image and vision applications. A challenge is that client devices in FL usually have much more limited computation and communication resources compared to servers…
With the wealth of information produced by social networks, smartphones, medical or financial applications, speculations have been raised about the sensitivity of such data in terms of users' personal privacy and data security. To address the above issues, Federated Learning (FL) has been recently proposed as a means t…
Federated learning is a recent advance in privacy protection. In this context, a trusted curator aggregates parameters optimized in decentralized fashion by multiple clients. The resulting model is then distributed back to all clients, ultimately converging to a joint representative model without explicitly having to s…
Federated Learning allows for population level models to be trained without centralizing client data by transmitting the global model to clients, calculating gradients locally, then averaging the gradients. Downloading models and uploading gradients uses the client's bandwidth, so minimizing these transmission costs is…
Unified Bayesian framework for clustered federated learning improves model performance.
problem Handling non-IID client data in federated learning.
method A unified Bayesian framework for clustered federated learning that associates clients to clusters and proposes practical algorithms for data associations.
result The proposed framework increases model performance by circumventing the need for unique client-cluster associations.
FLowDUP trains personalized models with unlabeled clients in low dimensions.
problem Training personalized models on clients with only unlabeled data.
method FLowDUP uses a forward pass with unlabeled data and a transductive PAC-Bayesian bound to generate personalized models in a low-dimensional subspace.
result FLowDUP enables efficient communication and computation with personalized models generated from unlabeled data.
The recent surge of text-based online counseling applications enables us to collect and analyze interactions between counselors and clients. A dataset of those interactions can be used to learn to automatically classify the client utterances into categories that help counselors in diagnosing client status and predictin…
DFedAvgM is a decentralized FedAvg with momentum for privacy and communication efficiency.
problem Efficiently train models with privacy and communication efficiency in federated learning.
method Decentralized Federated Averaging with Momentum (DFedAvgM) on clients connected by an undirected graph, using stochastic gradient descent with momentum and quantization.
result DFedAvgM converges under trivial assumptions and can be improved with the PŁ property, numerically verified.
In federated learning systems, clients are autonomous in that their behaviors are not fully governed by the server. Consequently, a client may intentionally or unintentionally deviate from the prescribed course of federated model training, resulting in abnormal behaviors, such as turning into a malicious attacker or a …
This paper proposes a cooperative mechanism for mitigating the performance degradation due to non-independent-and-identically-distributed (non-IID) data in collaborative machine learning (ML), namely federated learning (FL), which trains an ML model using the rich data and computational resources of mobile clients with…
Automated investment managers, or robo-advisors, have emerged as an alternative to traditional financial advisors. The viability of robo-advisors crucially depends on their ability to offer personalized financial advice. We introduce a novel framework, in which a robo-advisor interacts with a client to solve an adaptiv…