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.
Backtests of structured strategies lose much of their predictive power in live trading.
Deep neural networks reduce loan portfolio risk.
We provide two distributed confidence ball algorithms for solving linear bandit problems in peer to peer networks with limited communication capabilities. For the first, we assume that all the peers are solving the same linear bandit problem, and prove that our algorithm achieves the optimal asymptotic regret rate of a…
Paper develops a private algorithm for multi-agent learning in bandits.
A new method to value IPOed companies.
Study shows peers' graduation improves residents' success in TCs.
Study optimal risk sharing in decentralized peer-to-peer markets with robust risk measures.
The paper analyzes reinsurance strategies in peer-to-peer insurance schemes.
This paper considers a variant of the classical online learning problem with expert predictions. Our model's differences and challenges are due to lacking any direct feedback on the loss each expert incurs at each time step . We propose an approach that uses peer prediction and identify conditions where it succeeds.…
Bias and heterogeneity in peer assessment can lead to the issue of unfair scoring in the educational field. To deal with this problem, we propose a reference ranking method for an online peer assessment system using HodgeRank. Such a scheme provides instructors with an objective scoring reference based on mathematics.
The study improves credit evaluation in peer-to-peer lending using machine learning.
Peer-reviewed research and mined data predict stock returns similarly.
Peer effects, in which the behavior of an individual is affected by the behavior of their peers, are posited by multiple theories in the social sciences. Other processes can also produce behaviors that are correlated in networks and groups, thereby generating debate about the credibility of observational (i.e. nonexper…
In massive open online courses (MOOCs), peer grading serves as a critical tool for scaling the grading of complex, open-ended assignments to courses with tens or hundreds of thousands of students. But despite promising initial trials, it does not always deliver accurate results compared to human experts. In this paper,…
Peer grading is the process of students reviewing each others' work, such as homework submissions, and has lately become a popular mechanism used in massive open online courses (MOOCs). Intrigued by this idea, we used it in a course on algorithms and data structures at the University of Hamburg. Throughout the whole se…
Distillation is an effective knowledge-transfer technique that uses predicted distributions of a powerful teacher model as soft targets to train a less-parameterized student model. A pre-trained high capacity teacher, however, is not always available. Recently proposed online variants use the aggregated intermediate pr…
Machine learning analyzed peer reviews to find differences in quality by journal impact factor.
In this chapter, we analyze nonlinear filtering problems in distributed environments, e.g., sensor networks or peer-to-peer protocols. In these scenarios, the agents in the environment receive measurements in a streaming fashion, and they are required to estimate a common (nonlinear) model by alternating local computat…
Paper develops Byzantine-resilient algorithms for decentralized learning.
The rise of connected personal devices together with privacy concerns call for machine learning algorithms capable of leveraging the data of a large number of agents to learn personalized models under strong privacy requirements. In this paper, we introduce an efficient algorithm to address the above problem in a fully…
This study compares decentralized banks and finds some lack decentralization.
Learning with noisy labels is a common challenge in supervised learning. Existing approaches often require practitioners to specify noise rates, i.e., a set of parameters controlling the severity of label noises in the problem, and the specifications are either assumed to be given or estimated using additional steps. I…
Federated Learning is the current state of the art in supporting secure multi-party machine learning (ML): data is maintained on the owner's device and the updates to the model are aggregated through a secure protocol. However, this process assumes a trusted centralized infrastructure for coordination, and clients must…
Study higher-order spin glass models for social network behavior with peer-group effects.
Experiment shows author rankings can improve peer review scores.
We consider peer review in a conference setting where there is typically an overlap between the set of reviewers and the set of authors. This overlap can incentivize strategic reviews to influence the final ranking of one's own papers. In this work, we address this problem through the lens of social choice, and present…
A decentralized online quantum cash system, called qBitcoin, is given. We design the system which has great benefits of quantization in the following sense. Firstly, quantum teleportation technology is used for coin transaction, which prevents from the owner of the coin keeping the original coin data even after sending…
Estimates peer influence effects using embeddings for social networks.
Peer-induced fairness framework audits algorithmic fairness in AI applications.
Distributed learning techniques such as federated learning have enabled multiple workers to train machine learning models together to reduce the overall training time. However, current distributed training algorithms (centralized or decentralized) suffer from the communication bottleneck on multiple low-bandwidth worke…
Online Peer to Peer Lending (P2PL) systems connect lenders and borrowers directly, thereby making it convenient to borrow and lend money without intermediaries such as banks. Many recommendation systems have been developed for lenders to achieve higher interest rates and avoid defaulting loans. However, there has not b…
Paper tackles low sample and communication complexities in decentralized bilevel optimization.
Automates detecting problem statements in peer assessments.
DICE estimates data influence cascade in decentralized learning networks.
LG algorithm finds profitable trading paths in decentralized exchanges.
Federated learning (FL) is an emerging collaborative machine learning method to train models on distributed datasets with privacy concerns. To properly incentivize data owners to contribute their efforts, Shapley Value (SV) is often adopted to fairly assess their contribution. However, the calculation of SV is time-con…
Green stocks show less factor exposure heterogeneity compared to brown stocks.
When banks choose similar investment strategies the financial system becomes vulnerable to common shocks. We model a simple financial system in which banks decide about their investment strategy based on a private belief about the state of the world and a social belief formed from observing the actions of peers. Observ…
We propose a decentralized learning algorithm over a general social network. The algorithm leaves the training data distributed on the mobile devices while utilizing a peer to peer model aggregation method. The proposed algorithm allows agents with local data to learn a shared model explaining the global training data …
Machine learning helps estimate risk premiums of stocks without knowing their factors.
We consider the problem of automated assignment of papers to reviewers in conference peer review, with a focus on fairness and statistical accuracy. Our fairness objective is to maximize the review quality of the most disadvantaged paper, in contrast to the commonly used objective of maximizing the total quality over a…
Study compares financial and gambling markets, finding similarities and potential applications.
With the industry trend of shifting from a traditional hierarchical approach to flatter management structure, crowdsourced performance assessment gained mainstream popularity. One fundamental challenge of crowdsourced performance assessment is the risks that personal interest can introduce distortions of facts, especia…
Study finds Aave token network has core-periphery structure, with high decentralization predicting better returns.
Paper proves PI consensus algorithm converges exponentially under restricted secant inequality.
We study analytically and numerically Minsky instability as a combination of top-down, bottom-up and peer-to-peer positive feedback loops. The peer-to-peer interactions are represented by the links of a network formed by the connections between firms, contagion leading to avalanches and percolation phase transitions pr…
Investment managers face harder choices in green stocks due to reduced performance variability.
New MFG model for MV portfolio management with peer-based risk aversion.