New model shows negative resilience can improve trading efficiency.
problem Optimal trade execution in limit order books with negative resilience.
method Stochastic order book model with negative resilience.
result Negative resilience can lead to more efficient trading.
This paper measures financial market resilience in China and identifies key uncertainties.
problem Measuring financial market resilience in China.
method Quantitative analysis of total financial market and sub-markets, Diebold-Yilmaz connectedness approach.
result Financial market resilience in China is event-driven and influenced by geopolitical risks, economic and trade policy uncertainty, and U.S.-China tensions.
This paper defines resilience in knowledge graph embeddings and surveys existing works.
problem Challenges in knowledge graph embedding models, including noise, missing information, distribution shift, and adversarial attacks.
method Unified definition of resilience, formalization in the context of knowledge graphs, systematic survey of existing works.
result Most existing works focus on robustness, leaving other aspects of resilience unexplored.
Study examines equity in post-Snow Uri recovery, finds disparities.
problem Disproportionate impacts on vulnerable populations during recovery.
method County and census tract level data analysis, satellite imagery, statistical procedures.
result Negative associations between non-Hispanic whites and outages, positive associations with certain demographic variables.
Paper introduces a new index to measure financial and workplace resilience of firms.
problem Corporate resilience and its types in turbulent markets.
method Quantitative analysis of earnings expectations and implied discount rates.
result Evidence of workplace resilience amplification by financial status in the COVID-19 era.
We provide a methodology, resilient feature engineering, for creating adversarially resilient classifiers. According to existing work, adversarial attacks identify weakly correlated or non-predictive features learned by the classifier during training and design the adversarial noise to utilize these features. Therefore…
Measures financial resilience using BSDEs and their properties.
problem Measuring financial resilience in dynamic risk environments.
method Developed stochastic calculus for BSDEs with jumps, revealing resilience rate as expectation of generator.
result Resilience rate can be represented as expectation of BSDE generator, revealing properties of dynamic risk measures.
Research shows ESG signals lower exposure to market fragility during stress periods.
problem Market fragility often occurs together, and ESG is associated with reduced exposure.
method Monthly data on S&P 500 constituents from 2014 to 2025, analyzing downside returns, volatility, illiquidity, and cofragility states.
result A one-standard-deviation increase in ESG lowers the probability of severe cofragility by 0.92 percentage points during stress periods.
Python tool assesses European agricultural production resilience.
problem Estimating resilience of European agricultural production systems.
method Python software to compute annual production resilience indicator.
result Demonstrates resilience of European agricultural production.
The resilience of low-degree Rademacher chaos is studied, providing probabilistic lower bounds.
problem Understanding how much a Rademacher chaos can withstand adversarial sign-flips without significant probability changes.
method Probabilistic lower-bound guarantees for the resilience of Rademacher chaos of arbitrary degree.
result Probabilistic lower-bound guarantees for the resilience of Rademacher chaos of arbitrary degree, especially meaningful for constant degree.
Proposes resilience metrics for large blackout costs with logarithmic resilience.
problem Large variations in blackout costs make estimating risk impractical.
method Uses mean of log of large blackout costs, tail slope index, and frequency.
result Solves problems of heavy tail and large variations in blackout costs.
Paper builds ML classifier to detect crypto-ransomware.
problem Detecting crypto-ransomware with high accuracy and low false positives.
method Behavior-based detection using input/output activities and file-content entropy. Deep-learning classifier with adversarial research and Integrated Gradient method for explanation.
result Deep-learning classifier achieves high accuracy and low false positive rate in detecting crypto-ransomware.
Class imbalance is an intrinsic characteristic of multi-label data. Most of the labels in multi-label data sets are associated with a small number of training examples, much smaller compared to the size of the data set. Class imbalance poses a key challenge that plagues most multi-label learning methods. Ensemble of Cl…
Stocks of more resilient firms outperformed during the pandemic, reflecting disaster risk.
problem The impact of social distancing on firms' operations and stock performance.
method Cross-sectional analysis of firms' resilience and stock performance, controlling for risk factors.
result Stocks of more resilient firms are expected to yield significantly lower returns than less resilient ones, reflecting disaster risk.
Financial markets can be seen as complex systems that are constantly evolving and sensitive to external disturbance, such as systemic risks and economic instabilities. Analysis of resilient market performance, therefore, becomes useful for investors. From a systems perspective, this paper proposes a novel function-base…
New method quantifies resilience of electric distribution systems from historical data.
problem Large blackouts caused by extreme winds have significant costs and impacts.
method Formulate large event risk from utility outage data, quantify resilience improvements through investments.
result Investments in wind hardening and faster restoration can reduce the probability of large cost events.
New framework for resilient bi-criteria optimization under noisy feedback.
problem Bi-criteria combinatorial optimization with noisy function evaluations.
method Introducing (α,β,δ,extttN)-resilience and developing a black-box framework. result Achieves sublinear regret and constraint violation for bi-criteria bandit problems.
Paper tackles Byzantine resilience in distributed multi-task learning.
problem Resilience of distributed algorithms in the presence of Byzantine agents.
method Online weight assignment rule based on accumulated loss and filtering.
result Aggregation with proposed weight assignment rule improves expected regret.
Federated Learning aims to train distributed deep models without sharing the raw data with the centralized server. Similarly, in distributed inference of neural networks, by partitioning the network and distributing it across several physical nodes, activations and gradients are exchanged between physical nodes, rather…
A new federated learning method speeds up training by selecting faster nodes first.
problem System heterogeneity and stragglers slow down federated learning.
method Adaptive selection of nodes based on data statistical characteristics.
result Significant speedup in wall-clock time compared to standard federated learning.
This paper uses robust optimization to analyze supply chain resilience.
problem Supply chain resilience analysis of multi-modal logistics networks.
method Robust optimization with budget-of-uncertainty.
result Interactive effects of network size, disruption scale, and degree on resilience.
In this paper, we show synchronization for a group of output passive agents that communicate with each other according to an underlying communication graph to achieve a common goal. We propose a distributed event-triggered control framework that will guarantee synchronization and considerably decrease the required comm…
Improved deep neural network generalization through noise resilience.
problem Understanding and predicting generalization error of deep neural networks.
method Noise resilience measures to predict generalization error.
result Secured 5th position in the PGDL competition at NeurIPS 2020.
CyBeR-0 optimizes federated learning with Byzantine resilience and reduced communication costs.
problem Byzantine attacks and communication inefficiency in federated learning.
method Transformed robust aggregation for zero-order optimization under client heterogeneity.
result CyBeR-0 achieves stable performance with minimal communication costs and reduced memory usage.
Firms' collaboration networks can decline but remain resilient.
problem Resilience of firms' collaboration networks during decline.
method Analysis of 21,500 R&D collaborations over 25 years, simulating drop-out cascades.
result Firms' collaboration networks can adapt to mitigate decline and recover.
FinTech negatively impacts Chinese banks' financial sustainability.
problem Impact of FinTech on financial sustainability of Chinese commercial banks.
method Three-stage network DEA-Malmquist model and two-way fixed effects model.
result FinTech primarily undermines financial sustainability by eroding loan efficiency and profitability.
This paper investigates the resilience and robustness of Deep Reinforcement Learning (DRL) policies to adversarial perturbations in the state space. We first present an approach for the disentanglement of vulnerabilities caused by representation learning of DRL agents from those that stem from the sensitivity of the DR…
We present a large-scale study of commonality in liquidity and resilience across assets in an ultra high-frequency (millisecond-timestamped) Limit Order Book (LOB) dataset from a pan-European electronic equity trading facility. We first show that extant work in quantifying liquidity commonality through the degree of ex…
Study reveals clusters of resilient and vulnerable Spanish agri-food firms post-Ukraine-Russia war.
problem Financial resilience of agri-food companies in Spain during the Ukraine-Russia conflict.
method Cluster analysis using centred log-ratios for compositional data of financial ratios.
result Increase in resilient firms by 2023, highlighting sectoral adaptation to economic challenges.
We show that wealth processes in the block-shaped order book model of Obizhaeva/Wang converge to their counterparts in the reduced-form model proposed by Almgren/Chriss, as the resilience of the order book tends to infinity. As an application of this limit theorem, we explain how to reduce portfolio choice in highly-re…
Outlier detection is a fundamental task in data mining and has many applications including detecting errors in databases. While there has been extensive prior work on methods for outlier detection, modern datasets often have sizes that are beyond the ability of commonly used methods to process the data within a reasona…
Study uses machine learning to predict potato clones suitable for processing.
problem Efficiently identifying high-yield, disease-resistant potato varieties.
method Leveraged machine learning algorithms on Russet potato clones data from Oregon.
result Non-linear models like SVM and HGBC outperform traditional linear models in agricultural trials.
Study finds ESG investments more resilient than traditional equity indices during market turmoil.
problem Resilience of ESG investments during financial instability.
method Daily returns analysis using MGND and EGARCH-in-mean models.
result ESG investments show higher resilience compared to traditional equity indices during crises.
TensorFI injects faults in TensorFlow programs to assess their reliability.
problem Ensuring reliability of machine learning systems in safety-critical domains.
method TensorFI is a flexible fault injection framework for TensorFlow applications.
result TensorFI evaluates the resilience of 12 ML programs, including autonomous vehicle DNNs.
Ranger improves DNNs' fault resilience without re-computation.
problem Transient faults in DNNs cause errors, reducing reliability.
method Range restriction to transform critical faults to benign faults.
result Significant improvement in error resilience (3x to 50x) with no accuracy loss.
Global catastrophe risk pools increase financial resilience by diversifying risk and including more countries.
problem Low- to middle-income countries rely heavily on foreign aid for recovery from extreme weather events, which is slow and uncertain.
method Developed a method to form global catastrophe risk pools that maximize risk diversification and select countries with low bilateral correlations or low shares in the pool risk.
result Global pooling increases risk diversification, lowers countries' shares in the pool risk, and increases the number of countries benefiting from risk pooling.
Predictive Q-learning algorithm for IoT networks with human operators.
problem Resilient and predictive actions for IoT networks with faulty components.
method Predictive and resilient Q-learning algorithm considering historical data and human operator feedback.
result Optimal scheduling policies avoiding attacked locations and faults.
Cryptos remained resilient after SVB's collapse, contrary to expectations.
problem Impact of SVB collapse on crypto markets.
method Factual summary, sentiment analysis, and market performance examination.
result Cryptocurrencies showed resilience after SVB's collapse.
One of the most defining features of the global financial network is its inherent complex and intertwined structure. From the perspective of systemic risk it is important to understand the influence of this network structure on default contagion. Using sparse random graphs to model the financial network, asymptotic met…
In order-driven markets, limit-order book (LOB) resiliency is an important microscopic indicator of market quality when the order book is hit by a liquidity shock and plays an essential role in the design of optimal submission strategies of large orders. However, the evolutionary behavior of LOB resilience around liqui…
Recent advances in Capsule Networks (CapsNets) have shown their superior learning capability, compared to the traditional Convolutional Neural Networks (CNNs). However, the extremely high complexity of CapsNets limits their fast deployment in real-world applications. Moreover, while the resilience of CNNs have been ext…
Introduces an artificial cyber lab to test and identify cyber resilience measures.
problem Systemic cyber risks and their control methods.
method Classical contagion models and artificial cyber lab simulations.
result Identified two classes of measures: security- and topology-based interventions.
Our knowledge about the evolution of guarantee network in downturn period is limited due to the lack of comprehensive data of the whole credit system. Here we analyze the dynamic Chinese guarantee network constructed from a comprehensive bank loan dataset that accounts for nearly 80% total loans in China, during 01/200…
Enhances resilience evaluation by using dynamic convex risk measures.
problem Capturing the full risk profile of financial positions under adverse conditions.
method Introduces a new resilience evaluation method using dynamic convex risk measures.
result Shows that the resilience evaluation can distinguish between positions with the same expected recovery but different conditional risk profiles.
Machine learning has begun to play a central role in many applications. A multitude of these applications typically also involve datasets that are distributed across multiple computing devices/machines due to either design constraints (e.g., multiagent systems) or computational/privacy reasons (e.g., learning on smartp…
In complex systems like financial market, risk tolerance of individuals is crucial for system resilience.The single-security price limit, designed as risk tolerance to protect investors by avoiding sharp price fluctuation, is blamed for feeding market panic in times of crash.The relationship between the critical market…
The control and sensing of large-scale systems results in combinatorial problems not only for sensor and actuator placement but also for scheduling or observability/controllability. Such combinatorial constraints in system design and implementation can be captured using a structure known as matroids. In particular, the…
This paper introduces resilient constrained learning to adapt learning constraints while solving machine learning tasks.
problem Adapting machine learning solutions to satisfy multiple requirements beyond accuracy.
method Adapts learning constraints during training by balancing performance gains against a user-defined cost of relaxation.
result Shows conditions and introduces a practical algorithm to compute the balance, with approximation and generalization guarantees.