Market incentivizes parties to share high-quality data for collaborative machine learning tasks.
problem Fair revenue distribution and data replication threats in collaborative machine learning markets.
method Introduces a novel payment division function robust to replication and customized output models.
result Validated assumptions and showed approximate satisfaction for commonly used models.
Our work sheds new light on the role of oil prices in shaping the world economy by investigating flows of goods and services through global value chains between 1960 and 2011, by means of Markov Chain and network analysis. We show that over that time period the international division of labor and trade patterns are tig…
Study confirms USD/JPY rises at Gotobi days, suggesting trading strategy.
problem Verifying trading strategy based on Gotobi anomaly.
method Analyzing USD/JPY rate trends and examining arbitrage opportunities.
result Valid trading strategy identified for Gotobi anomaly.
Paper introduces balanced payment systems to improve liquidity and risk management.
problem Managing liquidity in payment systems and economy is a persistent challenge.
method Introduces interbank balancing method to private payment systems and others.
result Demonstrates effects of balancing on a small example and constructs a balanced subsystem.
A new method streamlines digital payment programming using smart contracts.
problem High costs and security challenges in programming smart contracts for digital payments.
method Transforming digital currencies into token streams and using configurable templates to generate specialized smart contracts.
result Reduces payment programming costs and enhances security, self-enforcement, adaptability, and controllability.
Game theory applied to financial networks, focusing on debt repayment strategies.
problem Understanding financial stability in interconnected systems.
method Modeling financial systems as networks, analyzing utility-maximizing strategies under priority-proportional payments.
result Existence and uniqueness of payment profiles are not guaranteed, even under fixed strategies.
A new proof of an extension theorem with bounded generators.
problem Extension theorems in complex analysis.
method Skoda-type L2 division theorem with bounded generators. result The new division theorem allows α to be 1 in the norm of the datum. Stablecoins offer efficient settlement but externalize costs and risks.
problem Comparing stablecoins to card networks in retail payments.
method Unified analytical framework (CLEAR) across five dimensions.
result Stablecoins are advantageous in closed-loop and high-friction contexts but structurally disadvantaged as open-loop instruments.
This paper considers the optimal dividend payment problem in piecewise-deterministic compound Poisson risk models. The objective is to maximize the expected discounted dividend payout up to the time of ruin. We provide a comparative study in this general framework of both restricted and unrestricted payment schemes, wh…
Research examines motivations and factors influencing retailers' payment method choices.
problem Understanding motivations and factors affecting retailers' payment method choices.
method Qualitative and quantitative analysis of various factors including regulatory constraints, merchant service providers, and demographic variables.
result Lower interchange fees and regulatory constraints make card payment adoption financially feasible for merchants.
Solves division problem for L. Hörmander's systems.
problem Division problem for L. Hörmander's overdetermined systems.
method Formulates and proves divisibility criterion, coherence theorem.
result Establishes effective divisibility criterion and extends coherence theorem.
Proves divisibility relations for symplectic curve polynomials.
problem Divisibility relations for symplectic curve polynomials.
method New proofs of divisibility relations for Oka and Alexander polynomials of symplectic curves.
result Proves Libgober's divisibility relations for symplectic curves.
Uniform convexity in divisible domains leads to hyperbolic geometry.
problem Understanding the geometry of divisible convex sets in Finsler manifolds.
method Proving β-uniform convexity of a specific Finsler metric. result A strictly convex divisible domain induces a β-uniformly convex Finsler metric. The paper examines clearing payments in financial networks to prevent cascaded defaults.
problem Cascaded defaults in financial networks under the proportionality rule.
method Analysis of clearing model under pro-rated payments, derivation of necessary and sufficient conditions for clearing payments, convex optimization problems for computation.
result Clearing payments can be computed by solving convex optimization problems, reducing overall system loss by lifting the proportionality rule.
Tropical division approximates polynomial division for neural networks.
problem Approximating polynomial division in max-plus semiring.
method Approximating Newton Polytope of dividend by divisor, then applying to neural networks.
result Minimizes a two-layer fully connected network for binary classification.
Paper introduces PHI to identify structurally distinct payment patterns in UK municipal procurement.
problem Vulnerability of public procurement to error, fraud, and corruption in high-volume transactions.
method Introduces Payment Heterogeneity Index (PHI) using Gaussian Mixture Model (GMM) and non-parametric statistics.
result Identifies a significant cohort with structurally distinct payment patterns, improving procurement oversight.
Paper tackles division difficulty, proposing new methods to improve accuracy.
problem Division is the most challenging arithmetic operation for both humans and computers.
method Proposes two novel approaches: Neural Reciprocal Unit (NRU) and Neural Multiplicative Reciprocal Unit (NMRU), and improves an existing division module.
result Improves division accuracy from 70.2% to 91.6%.
A new model calculates optimal clearing payments in dynamic financial networks.
problem Determining fair clearing payments in networks with potential defaults.
method Extends Eisenberg-Noe model to multiple time periods, solving linear programs for optimal payments.
result Proves the model satisfies the priority of debt claims requirement and finds unique optimal payments.
Payments data and machine learning improve nowcasting accuracy for macroeconomic indicators.
problem Lagged indicators in linear models are insufficient during crisis periods.
method Non-traditional payments data, nonlinear machine learning, and tailored cross-validation.
result Improved macroeconomic nowcasting accuracy up to 40% during crises.
In contrast to the many examples of convex divisible domains in real projective space, we prove that up to projective isomorphism there is only one convex divisible domain in the Grassmannian of p-planes in R2p when p>1. Moreover, this convex divisible domain is a model of the symmetric space associ…
Blockchain helps secure payments between AI agents.
problem Ensuring secure payments between untrusted AI agents.
method Systematized four-stage lifecycle for A2A payments on blockchain.
result Challenges remain in weak intent binding, misuse, and limited accountability.
Optimal student loan repayment strategies vary based on loan size.
problem Finding the most cost-effective repayment strategy for federal student loans.
method Analyzing the impact of different repayment strategies on total cost for varying loan sizes.
result Optimal repayment strategies depend on the loan balance, with different approaches for small, large, and intermediate balances.
Division algorithm for surface group rings yields standard complexes and cohomological dimensions.
problem Understanding cohomological dimensions of surface group actions.
method Division algorithm for group rings of surface groups.
result Some 2-complexes with surface fundamental groups are standard.
Adopting a zonal structure of electricity market requires specification of zones' borders. In this paper we use social welfare as the measure to assess quality of various zonal divisions. The social welfare is calculated by Market Coupling algorithm. The analyzed divisions are found by the usage of extended Locational …
Agent-to-agent finance aims to manage payments and trust for AI agents.
problem Managing financial interactions between autonomous AI agents.
method Develops agent-to-agent finance concept and explores blockchain solutions.
result Agent-to-agent finance can address coordination frictions in financial markets.
New proof of divisibility property for certain algebraic varieties.
problem Divisibility property for LQEL varieties.
method Construction of Clifford algebra representations to Severi varieties.
result New proof of Russo's Divisibility Property for LQEL varieties.
The paper sets lower bounds on envy-free divisions in cake-cutting problems.
problem Finding the minimum number of envy-free divisions in cake-cutting problems.
method Analyzes two scenarios: classical and hybrid, with different constraints and allocations.
result Sharp bounds and examples for envy-free divisions in both scenarios.
The paper revisits Rokhlin's divisibility theorem and its significance.
problem Rokhlin's divisibility theorem on signatures of manifolds.
method Overview and retrace of Rokhlin's proof and further developments.
result Reaffirms the importance of Rokhlin's theorem in manifold theory.
Proves Skoda's Division Theorem using degeneration and positivity of direct image bundles.
problem Division Theorem in Skoda's context
method Degeneration approach inspired by B. Berndtsson and L. Lempert's L2 extension theorem result Simplified and extended proof of L2 extension theorem We propose a model in which dividend payments occur at regular, deterministic intervals in an otherwise continuous model. This contrasts traditional models where either the payment of continuous dividends is controlled or the dynamics are given by discrete time processes. Moreover, between two dividend payments, the st…
Under certain integrability and geometric conditions, we prove division theorems for the exact sequences of holomorphic vector bundles and improve the results in the case of Koszul complex. By introducing a singular Hermitian structure on the trivial bundle, our results recover Skoda's division theorem for holomorphic …
The paper explains the topological origin of the distinction between incidence theorems over division rings and fields.
problem Understanding the distinction between incidence theorems over division rings and fields.
method Extending the surface-graph approach to noncommutative settings, the paper analyzes the topological properties of graphs embedded on surfaces of different genera.
result Theorems associated with graphs on the sphere hold over any division ring, while those on surfaces of positive genus typically hold only if the ground ring is a field.
The paper analyzes multivariate payments in multi-state life insurance using Markovian state processes.
problem Analyzing joint effects of life annuities and death benefits in a multi-state framework.
method Introduces multivariate present value of future payments, derives differential equations and moment generating functions, and focuses on pair-wise covariances.
result Derives Hattendorff type results for pair-wise covariances in a disability model.
AI task delegation faces incentive collapse with unbounded payments as AI accuracy rises.
problem Incentive collapse in AI-assisted task delegation schemes.
method General impossibility result and sentinel-auditing payment mechanism.
result Sentinel-auditing mechanism enforces positive human effort at finite cost, independent of AI accuracy.
The study reveals fundamental limits of fraud detection in card payment networks.
problem Fraud detection in card payment networks is challenging due to structural information impairments.
method Formalized card authorization as a sequential decision problem with delayed feedback, derived minimax regret lower bound.
result Improving issuer reporting quality or reducing censorship can yield larger reductions in the regret floor than increasing model complexity.
We study the problem of determining risk-minimizing investment strategies for insurance payment processes in the presence of taxes and expenses. We consider the situation where taxes and expenses are paid continuously and symmetrically and introduce the concept of tax- and expense-modified risk-minimization. Risk-minim…
Mobile payment incentives optimized using merchant transaction networks.
problem Optimizing marketing campaigns with limited budgets.
method Graph representation learning on transaction networks.
result Effective modeling of merchant sensitivity to incentives.
Researchers infer gene activity in dividing cells, accounting for protein inheritance and division history.
problem Inferring protein production kinetics in dividing cells due to protein inheritance and division history.
method Adapted conditional normalizing flows to approximate intractable likelihoods from simulated data.
result Glc3 gene is mostly inactive under stress, with brief and transient expression.
This paper concerns an optimal dividend distribution problem for an insurance company with surplus-dependent premium. In the absence of dividend payments, such a risk process is a particular case of so-called piecewise deterministic Markov processes. The control mechanism chooses the size of dividend payments. The obje…
Geodesic connectedness proved for statistical manifolds with divisible cubic forms.
problem Geodesic connectedness of affine connections on statistical manifolds with divisible cubic forms.
method Analogy with Hopf-Rinow theorem in Riemannian geometry, establishing geodesic completeness.
result Geodesic connectedness established for statistical manifolds with divisible cubic forms.
We develop an axiomatic theory of balance functions (future value functions) in the theory of interest that is derived from financial considerations and which applies to general regulated payment streams, including continuous payment streams. Balance functions exist and are unique up to an initial choice of deposit and…
Algorithm learns fair division from noisy feedback in uncertain markets.
problem Learning fair division in uncertain markets with noisy feedback.
method Wrapper algorithms using dual averaging to learn item and agent values from bandit feedback.
result Asymptotically achieves optimal Nash social welfare in linear Fisher markets.
Study of characteristic numbers in 24-dimensional String manifolds.
problem Characterizing and understanding characteristic numbers of 24-dimensional String manifolds.
method Using Pontryagin numbers, integral basis of String cobordism group, and divisibility results.
result Established 2- and 3-primary divisibilities of characteristic numbers.
An open convex set in real projective space is called divisible if there exists a discrete group of projective automorphisms which acts co-compactly. There are many examples of such sets and a theorem of Benoist implies that many of these examples are strictly convex, have C1 boundary, and have word hyperbolic divid…
Study on incentivizing truthfulness in federated learning with heterogeneous data.
problem Manipulated updates in federated learning due to data heterogeneity.
method Formulated a game-theoretic approach to prevent clients from misreporting their gradient updates.
result Developed a payment rule that provably disincentivizes sending modified updates in federated learning.
New option type preserves fungibility by amortizing payments over time.
problem Traditional installment options destroy fungibility and lapse when payments stop.
method Introduces amortizing perpetual options (AmPOs) with an implicit payment scheme.
result Valuation of AmPOs reduces to vanilla perpetual American options.
In this note we introduce a construction which assigns to an arbitrary manifold bundle its fiberwise orientation covering. This is used to show that the zeta classes of unoriented surface bundles are not divisible in the stable range.
Study shows non-symmetric convex sets have full boundary limits.
problem Understanding boundaries of non-symmetric convex sets.
method Proved using proximal limit set analysis.
result Proximal limit set equals full projective boundary for non-symmetric irreducible divisible convex sets.