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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.

168,695 papers · 148 categories

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18355370 · Jun 202019922001200920172026
48 results for fairness axioms

A framework for anonymized risk sharing without revealing identities or preferences.

problem Risk sharing without revealing individual identities or preferences.
method Axiomatic framework with four key axioms: actuarial fairness, risk fairness, risk anonymity, and operational anonymity.
result The conditional mean risk sharing rule is uniquely characterized by these axioms.

The paper evaluates the importance of monotonicity in AI fairness across various fields.

problem Ensuring fairness in AI applications across criminology, education, health care, and finance.
method Theoretical reasoning, simulation, and extensive empirical analysis of monotonic neural additive models (MNAMs).
result Monotonicity is essential for fairness in AI ethics and society, especially in criminology, education, health care, and finance.

New sampling methods improve Shapley values for explaining machine learning predictions.

problem Computational limitations in calculating Shapley values for complex models.
method Asymptotic normality results and paired-sampling approximations (KernelSHAP and PermutationSHAP).
result Paired-sampling PermutationSHAP provides exact results for interactions of maximal order two and has the additive recovery property.

The paper establishes axioms for AMMs to ensure fair pricing and fee structures.

problem Ensuring fair and efficient pricing in decentralized finance (DeFi) AMMs.
method Formulating axioms on utility functions to characterize swap sizes and pricing oracles.
result Most existing AMMs satisfy the proposed axioms, and a new AMM is proposed with desirable properties.

UMFI improves feature importance methods by reducing runtime and enhancing performance.

problem Improving feature importance methods to better explain causal and associative relationships in data.
method Introducing UMFI, which uses dependence removal techniques from AI fairness literature.
result UMFI outperforms MCI, especially in complex data scenarios, and reduces runtime from exponential to super-linear.

Now that machine learning algorithms lie at the center of many resource allocation pipelines, computer scientists have been unwittingly cast as partial social planners. Given this state of affairs, important questions follow. What is the relationship between fairness as defined by computer scientists and notions of soc…

2019-05-01abs ↗pdf ↗

The purpose of this note is introduce a new axiom (called the Descent Axiom) in the theory of rr-spin cohomological field theories. This axiom explains the origin of gravitational descendants in this theory. Furthermore, the Descent Axiom immediately implies the Vanishing Axiom, explicating the latter (which has no a …

2000-09-06abs ↗pdf ↗

Self-reinforcing feedback loops in personalization systems are typically caused by users choosing from a limited set of alternatives presented systematically based on previous choices. We propose a Bayesian choice model built on Luce axioms that explicitly accounts for users' limited exposure to alternatives. Our model…

2019-08-15abs ↗pdf ↗

As datasets capturing human choices grow in richness and scale -- particularly in online domains -- there is an increasing need for choice models that escape traditional choice-theoretic axioms such as regularity, stochastic transitivity, and Luce's choice axiom. In this work we introduce the Pairwise Choice Markov Cha…

2016-03-08abs ↗pdf ↗

Treating a conjecture, P^#P != NP, on the separation of complexity classes as an axiom, an implication is found in three manifold topology with little obvious connection to complexity theory. This is reminiscent of Harvey Friedman's work on finitistic interpretations of large cardinal axioms.

2008-09-30abs ↗pdf ↗

It is known, that if a 2m-dimensional Kahler manifold satisfies the axiom of holomorphic 2n-spheres (1<n<m) or the axiom of antiholomorphic n-spheres (2<n), it is of constant holomorphic sectional curvature. In this paper the same result is obtained under weaker assumptions.

2010-04-23abs ↗pdf ↗

The notion of Courant algebroid was introduced by Liu, Weinstein and Xu in 1997. Its definition consists of five axioms and an assumption for a derivation. It is shown that two of the axioms and the assumption for the derivation follow from the rest of the axioms.

2002-03-31abs ↗pdf ↗

We introduce a formal framework for analyzing trades in financial markets. An exchange is where multiple buyers and sellers participate to trade. These days, all big exchanges use computer algorithms that implement double sided auctions to match buy and sell requests and these algorithms must abide by certain regulator…

2019-07-18abs ↗pdf ↗

We studied the axiom of anti-invariant 2-spheres and the axiom of co-holomorphic (2n+1)(2n+1)-spheres. We proved that a nearly Kählerian manifold satisfying the axiom of anti-invariant 2-spheres is a space of constant holomorphic sectional curvature. We also showed that an almost Hermitian manifold MM of dimension $2m\geq…

2013-11-11abs ↗pdf ↗

New axioms justify ES without NRC, linking it to mean-ES portfolio selection.

problem Economic axioms for portfolio risk assessment and mean-ES portfolio selection.
method Introducing concentration aversion as an alternative to NRC, establishing axiomatic foundations.
result Concentration aversion uniquely characterizes the family of ES and provides new formulas.

Study examines how machine learning attribution methods reflect risk in finance.

problem Ensuring machine learning attribution methods accurately reflect underlying risks in finance.
method Examined Shapley value and Integrated Gradients, and derived axioms from asset pricing domain knowledge.
result Neither Shapley value nor Integrated Gradients can satisfy all axioms for reflecting risks accurately.

The second author previously discussed how classical complexity separation conjectures, we call them "axioms", have implications in three manifold topology: polynomial length stings of operations which preserve certain Jones polynomial evaluations cannot produce exponential simplifications of link diagrams. In this pap…

2013-05-26abs ↗pdf ↗

Kleinberg introduced three natural clustering properties, or axioms, and showed they cannot be simultaneously satisfied by any clustering algorithm. We present a new clustering property, Monotonic Consistency, which avoids the well-known problematic behaviour of Kleinberg's Consistency axiom, and the impossibility resu…

2018-06-15abs ↗pdf ↗

Milnor proved two uniqueness theorems for axiomatic (co)homology: one for pairs of compacta (1960) and another, in particular, for pairs of countable simplicial complexes (1961). We obtain their common generalization: the Eilenberg-Steenrod axioms along with Milnor's map excision axiom and a (non-obvious) common genera…

2018-08-30abs ↗pdf ↗

Proposes a method to quantify and decompose disparity in ML models, separating exempt and non-exempt components.

problem Quantifying disparity in ML models, especially when certain features are exempted due to their critical importance.
method Information-theoretic decomposition into exempt and non-exempt components, satisfying desirable properties.
result Proposes a measure of non-exempt disparity that satisfies all desirable properties, and shows impossibility results for observational measures.

Formalizes vNM utility theorem using Lean 4, proving existence and uniqueness.

problem Formalizing and proving the von Neumann-Morgenstern utility theorem.
method Implement classical axioms in Lean 4, formalizing preference relations over lotteries.
result Machine-verified proofs of existence and uniqueness of utility representations.

Recently V. Arnold introduced Strangeness and J±J^{\pm} invariants of generic immersions of an oriented circle to R2\R^2. Here these invariants are generalized to the case of generic immersions of an oriented circle to an arbitrary surface FF. We explicitly describe all the invariants satisfying axioms, which naturall…

1999-06-18abs ↗pdf ↗

This study redefines probability for finite outcomes using axioms and examples.

problem Defining probability for finite outcomes and preserving information.
method Developed three axioms for relative probability functions and provided examples and a system for their composition.
result Proved the topological closure of the relative probability space, preserving information under limits.

This paper attempts to investigate the space of various characteristic classes for smooth manifold bundles with local system on the total space inducing a finite holonomy covering. These classes are known as twisted higher torsion classes. We will give a system of axioms that we require these cohomology classes to sati…

2012-11-16abs ↗pdf ↗

We consider the pair of degenerate compatible antibrackets satisfying a generalization of the axioms imposed in the triplectic quantization of gauge theories. We show that this actually encodes a Lie group structure, with the antibrackets being related to the left- and right- invariant vector fields on the group. The s…

1999-01-12abs ↗pdf ↗

In this article we prove that any unitary, axiomatic topological quantum field theory in four-dimensions can not detect changes in the smooth structure of M, a simply connected, closed (compact without boundary), oriented smooth manifold. However, as Donaldson-Witten theory (a topological quantum field theory but not a…

2011-06-12abs ↗pdf ↗

The paper compares LOCO and Shapley values for feature importance, highlighting their limitations and suggesting improvements.

problem Quantifying feature importance in the presence of feature correlation.
method LOCO and Shapley Values, critiquing their axioms and proposing new measures.
result Shapley values do not eliminate feature correlation, and a modified LOCO is recommended.