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.
System allows users to critique explanations of recommendations.
Study confirms improved performance of Self-Critique and Adapt method.
Critiques binary classification evaluation methods, advocating for proper scoring rules.
Machine learning algorithms for prediction are increasingly being used in critical decisions affecting human lives. Various fairness formalizations, with no firm consensus yet, are employed to prevent such algorithms from systematically discriminating against people based on certain attributes protected by law. The aim…
Comments on deconfounder method's pros and cons.
This paper critiques machine learning fairness from a consequentialist perspective.
The paper examines how macroeconomic control tools lost effectiveness, leading to a 'dark ages' period.
Critiques incorrect fixed point assertions in digital topology.
Develops a generic two-layer framework for adaptive ABMs.
In few-shot learning, a machine learning system learns from a small set of labelled examples relating to a specific task, such that it can generalize to new examples of the same task. Given the limited availability of labelled examples in such tasks, we wish to make use of all the information we can. Usually a model le…
The gauge theory of arbitrage was introduced by Ilinski in [arXiv:hep-th/9710148] and applied to fast money flows in [arXiv:cond-mat/9902044]. The theory of fast money flow dynamics attempts to model the evolution of currency exchange rates and stock prices on short, e.g.\ intra-day, time scales. It has been used to ex…
Responds to critiques on tests for causal parameter confidence intervals.
With a point of departure in the concept "uncomfortable knowledge," this article presents a case study of how the American Planning Association (APA) deals with such knowledge. APA was found to actively suppress publicity of malpractice concerns and bad planning in order to sustain a boosterish image of planning. In th…
We study in this work the existence of minimizing solutions to the critical-power type equation on a compact riemannian manifold in the limit case normally not solved by variational methods. For this purpose, we use a concept of "critical function" that was original…
The paper identifies and critiques problems with risk matrices using ordinal scales.
AI agents manage portfolios, improving on human oversight.
Neoclassical economics has two theories of competition between profit-maximizing firms (Marshallian and Cournot-Nash) that start from different premises about the degree of strategic interaction between firms, yet reach the same result, that market price falls as the number of firms in an industry increases. The Marsha…
Reply to Ogburn et al. on their critique of Wang and Blei's work.
This article is a response to the recent Worrying Trends in Econophysics critique written by four respected theoretical economists. Two of the four have written books and papers that provide very useful critical analyses of the shortcomings of the standard textbook economic model, neo-classical economic theory and have…
There are no solid arguments to sustain that digital currencies are the future of online payments or the disruptive technology that some of its former participants declared when used to face critiques. This paper aims to solve the cryptocurrency puzzle from a behavioral finance perspective by finding the parallelism be…
Beta is a widely used quantity in investment analysis. We review the common interpretations that are applied to beta in finance and show that the standard method of estimation - least squares regression - is inconsistent with these interpretations. We present the case for an alternative beta estimator which is more app…
A simple method treats heteroscedastic variance variatively, improving model calibration and sample quality.
The paper critiques the ambiguity of rank-based evaluation methods for entity alignment and link prediction.
The paper compares LOCO and Shapley values for feature importance, highlighting their limitations and suggesting improvements.
Modern applications and progress in deep learning research have created renewed interest for generative models of text and of images. However, even today it is unclear what objective functions one should use to train and evaluate these models. In this paper we present two contributions. Firstly, we present a critique o…
The paper critiques existing uncertainty concepts and proposes a new decision-theoretic approach.
This study analyzes app reviews to understand students' behavior in the app market.
Proposes a method to estimate causal effects over a range of DAGs, addressing uncertainty in prior knowledge.
Training deep reinforcement learning agents complex behaviors in 3D virtual environments requires significant computational resources. This is especially true in environments with high degrees of aliasing, where many states share nearly identical visual features. Minecraft is an exemplar of such an environment. We hypo…
Automatic summarization of natural language is a current topic in computer science research and industry, studied for decades because of its usefulness across multiple domains. For example, summarization is necessary to create reviews such as this one. Research and applications have achieved some success in extractive …
The paper critiques and expands on common evaluation metrics in machine learning.
The paper critiques UBI as ineffective for addressing technological unemployment.
I present a unified discussion of several recently published results concerning the escalation, timing and severity of violent events in human conflicts and global terrorism, and set them in the wider context of real-world and cyber-based collective violence and illicit activity. I point out how the borders distinguish…
Study shows how missing data from certain groups can unfairly bias risk models.
PEAR dynamically reconfigures agent roles to prevent persistent biases in multi-agent debates.
Critiques causal reductionism in financial studies, suggesting alternative approaches.
Procedural content generation via machine learning (PCGML) is typically framed as the task of fitting a generative model to full-scale examples of a desired content distribution. This approach presents a fundamental tension: the more design effort expended to produce detailed training examples for shaping a generator, …
This paper critiques the Standardized Measurement Approach (SMA) for operational risk and recommends maintaining Advanced Measurement Approach (AMA).
Neural networks can approximate gradient of smooth functions, but with limitations.
The use of equilibrium models in economics springs from the desire for parsimonious models of economic phenomena that take human reasoning into account. This approach has been the cornerstone of modern economic theory. We explain why this is so, extolling the virtues of equilibrium theory; then we present a critique an…
The Lucas critique has exposed the problem of the trade-off between changes in monetary policy and structural breaks in economic time series. The search for and characterisation of such breaks has been a major econometric task ever since. We have developed an integral technique similar to CUSUM using an empirical model…
The paper critiques ε-fairness, showing it can lead to unfair outcomes and proposes a utility-based approach.
To widen their accessibility and increase their utility, intelligent agents must be able to learn complex behaviors as specified by (non-expert) human users. Moreover, they will need to learn these behaviors within a reasonable amount of time while efficiently leveraging the sparse feedback a human trainer is capable o…
This work explains crises in markets without external news using bounded rational agents.
Trend-following strategies outperform in a noisy financial market, mirroring ancient wisdom.
This paper takes stock of megaproject management, an emerging and hugely costly field of study. First, it answers the question of how large megaprojects are by measuring them in the units mega, giga, and tera, concluding we are presently entering a new "tera era" of trillion-dollar projects. Second, total global megapr…
Quantum algorithms speed up derivative pricing beyond Black-Scholes models.
This paper critiques flawed MVTS anomaly detection evaluation methods and proposes a simple baseline.