arXiv research

Mathematical study of excess growth rate connects info theory with finance.

Paper establishes a universal growth rate for smooth surrogate losses in classification.

It has been widely observed that capitalization-weighted indexes can be beaten by surprisingly simple, systematic investment strategies. Indeed, in the U.S. stock market, equal-weighted portfolios, random-weighted portfolios, and other naive, non- optimized portfolios tend to outperform a capitalization-weighted index …

Hybrid model improves synthetic equity data generation.

Long-term relative arbitrage exists in markets where the excess growth rate of the market portfolio is bounded away from zero. Here it is shown that under a time-homogeneity hypothesis this condition will also imply the existence of relative arbitrage over arbitrarily short intervals.

Introduces relative information gain for improving Gaussian process regression rates.

Markets composed of stocks with capitalization processes represented by positive continuous semimartingales are studied under the condition that the market excess growth rate is bounded away from zero. The following examples of these markets are given: i) a market with a singular covariance matrix and instantaneous rel…

In this paper, we study the topology of complete noncompact Riemannian manifolds with asymptotically nonnegative Ricci curvature and large volume growth. We prove that they have finite topological types under some curvature decay and volume growth conditions. We also generize it to the manifolds with $k$-th asymptotica…

Investment herding can reduce household consumption, a phenomenon called crowding-out effect.

Einstein metrics are blocked by manifold features and group growth.

Growth rates of geodesics on modular orbifolds are studied.

Study growth rates of subgroups in groups with a constricting element.

New proof shows not all Salem numbers are growth rates of Coxeter groups.

Studying Binomial and Gaussian return dynamics in discrete time, we show how excess volatility can be traded to create growth. We test our results on real world data to confirm the observed model phenomena while also highlighting implicit risks.

This paper analyzes the robust growth rate of leveraged ETFs under uncertain parameters.

We define a large class of abstract Coxeter groups, that we call $\infty$--spanned, and for which the word growth rate and the geodesic growth rate appear to be Perron numbers. This class contains a fair amount of Coxeter groups acting on hyperbolic spaces, thus corroborating a conjecture by Kellerhals and Perren. We a…

Currency volatility shocks predict lower excess returns, and buying weak transmitters outperforms selling strong ones.

Study confined subgroups in groups with contracting elements, showing their growth rate is strictly greater than half of the ambient growth rate.

This research improves DeFi interest rates using a PID control system.

Growth rate of the world Growth Domestic Product (GDP) is analysed to determine possible pathways of the future economic growth. The analysis is based on using the latest data of the World Bank and it reveals that the growth rate between 1960 and 2014 was following a trajectory approaching asymptotically a constant val…

The paper explores growth rates and Perron numbers in Coxeter systems with low-dimensional Davis complexes.

This paper concerns integral varifolds of arbitrary dimension in an open subset of Euclidean space satisfying integrability conditions on their first variation. Firstly, the study of pointwise power decay rates almost everywhere of the quadratic tilt-excess is completed by establishing the precise decay rate for two-di…

Study bounds growth rate of irreducible meanders, showing proportion vanishes.

In 1968, Milnor conjectured that a complete noncompact manifold with nonnegative Ricci curvature has a finitely generated fundamental group. The author applies the Excess Theorem of Abresch and Gromoll (1990), to prove two theorems. The first states that if such a manifold has small linear diameter growth then its fund…

We consider the relationship between economic activity and intervention, including monetary and fiscal policy, using a universal dynamic framework. Central bank policies are designed for growth without excess inflation. However, unemployment, investment, consumption, and inflation are interlinked. Understanding dynamic…

This paper investigates the statistical properties of within-country GDP and industrial production (IP) growth rate distributions. Many empirical contributions have recently pointed out that cross-section growth rates of firms, industries and countries all follow Laplace distributions. In this work, we test whether als…

We present a quantitative characterisation of the fluctuations of the annualized growth rate of the real US GDP per capita growth at many scales, using a wavelet transform analysis of two data sets, quarterly data from 1947 to 2015 and annual data from 1800 to 2010. Our main finding is that the distribution of GDP grow…

In statistical learning theory, convex surrogates of the 0-1 loss are highly preferred because of the computational and theoretical virtues that convexity brings in. This is of more importance if we consider smooth surrogates as witnessed by the fact that the smoothness is further beneficial both computationally- by at…

Bubbles are essential in certain economic models with high growth and low interest rates.

Study on Monge-Ampère equations with polynomial growth rates.

Optimizes gradual reduction of excess carbon emissions to net-zero.

Investigates the relationship between US money supply and asset indices over 2001-2019.

We introduce a solvable model of randomly growing systems consisting of many independent subunits. Scaling relations and growth rate distributions in the limit of infinite subunits are analysed theoretically. Various types of scaling properties and distributions reported for growth rates of complex systems in a variety…

Optimizes portfolio growth rate for a behavioral investor considering terminal relative growth rate.

Singapore's cooling measures did not increase housing wealth overall.

We give improved constants for data dependent and variance sensitive confidence bounds, called empirical Bernstein bounds, and extend these inequalities to hold uniformly over classes of functionswhose growth function is polynomial in the sample size n. The bounds lead us to consider sample variance penalization, a nov…

Study finds minimum growth rate for surface solutions.

In [6], Kellerhals and Perren conjectured that the growth rates of the reflection groups given by hyperbolic Coxeter polyhedra are always Perron numbers. We prove that this conjecture is always true for the case of ideal Coxeter polyhedra in $\mathbb{H}^3$. We also find out the ideal Coxeter polyhedron in $\mathbb{H}^3…

The study examines how automorphism growth rates of a group can be deduced from its simpler decompositions.

We study differentially private (DP) algorithms for stochastic convex optimization (SCO). In this problem the goal is to approximately minimize the population loss given i.i.d. samples from a distribution over convex and Lipschitz loss functions. A long line of existing work on private convex optimization focuses on th…

In a previous paper the authors defined the growth rate of the tunnel number of knots, an invariant that measures that asymptotic behavior of the tunnel number under connected sum. In this paper we calculate the growth rate of the tunnel number of m-small knots in terms of their bridge indices.

In a previous paper Kobayashi and Rieck defined the growth rate of the tunnel number of a knot $K$, a knot invariant that measures the asymptotic behavior of the tunnel number under iterated connected sum of $K$. We denote the growth rate by $\mbox{gr}_t(K)$. In this paper we construct, for any $ε> 0$, a hyperbolic kno…

Zipf's law states that the number of firms with size greater than S is inversely proportional to S. Most explanations start with Gibrat's rule of proportional growth but require additional constraints. We show that Gibrat's rule, at all firm levels, yields Zipf's law under a balance condition between the effective grow…

Warning signs about the developing economic crisis in Greece were present in the growth rate of the Gross Domestic Product (GDP) and in the growth of the GDP well before the economic collapse. The growth rate was strongly unstable. On average, in less than 50 years, it decreased 10-folds but after reaching a low minimu…

We provide a lower bound for the uniform exponential growth rate of closed nonflat nonpositively curved 3-manifold groups. A detailed study of the uniform exponential growth rate of closed 3-manifold groups is also presented.

Study shows houses appreciated more during pandemic due to speculation, not just price uncertainty.

We study arithmetic properties of the growth rates of cofinite 3-dimensional hyperbolic Coxeter groups whose dihedral angles are of the form $\fracπ{m}$ for $m=2,3,4,5,6$ and show that the growth rates are always Perron numbers.

The paper discusses the role of monetary policy when potential output depends on the inflation rate. If the intention of the central bank is to maximize actual output growth, then it has to be credibly committed to a strict inflation targeting rule, and to take the MOGIR (the Maximizing Output Growth Inflation Rate) as…