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arXiv research

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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6121824 · Dec 201919922001200920172026
48 results for substantive conclusions

Choosing a reference group in Oaxaca-Blinder decomposition can reverse conclusions.

problem The choice of reference group in Oaxaca-Blinder decomposition can lead to different conclusions.
method The study uses the Oaxaca-Blinder decomposition to investigate how the choice of reference group affects the results.
result The Oaxaca-Blinder decomposition can yield different conclusions based on the choice of reference group.

New approach to fairness in machine learning models using conformal prediction.

problem Fairness in machine learning models' downstream decision-making.
method Theoretical derivation and empirical evaluation of label-clustered conformal prediction.
result Label-clustered conformal prediction often provides a favorable balance between utility and substantive fairness.

Doubly fair dynamic pricing ensures equal prices for different groups over time.

problem Achieving equal prices for different groups in online dynamic pricing.
method Online learning algorithm that balances procedural and substantive fairness.
result Achieves ildeO(T) ilde{O}(\sqrt{T}) regret, zero procedural unfairness, and ildeO(T) ilde{O}(\sqrt{T}) substantive unfairness.

Social media enhances or diminishes scientific status, depending on usage.

problem Impact of social media on scientific stratification and mobility.
method Logistic Attribution Analysis combining statistical and machine learning methods.
result Social media promotes stratification and mobility, but beyond a threshold, it negatively impacts status.

LLM sandbox and persona dynamics create unethical reality gaps that shift risk to users.

problem Ethical issues arise from LLMs generating reality gaps that shift risk to uninformed users.
method Analyzes the ethical implications of LLM sandbox and persona dynamics, comparing them to financial regulation and compliance.
result Active generation of reality gaps is unethical as it shifts epistemic risk to users.

Regularized mixtures improve inflation and interest rate forecasts, especially correcting overconfidence.

problem Improving density forecasts of Eurozone inflation and real interest rates.
method Construct regularized mixtures of density forecasts with various objectives and penalties.
result Regularized mixtures outperform individual forecasters, especially correcting overconfidence.

In this paper we review our earlier work on quantum computing and the Nash Equilibrium, in particular, tracing the history of the discovery of new Nash Equilibria and then reviewing the ways in which quantum computing may be expected to generate new classes of Nash equilibria. We then extend this work through a substan…

2007-07-03abs ↗pdf ↗

We present GLASSES: Global optimisation with Look-Ahead through Stochastic Simulation and Expected-loss Search. The majority of global optimisation approaches in use are myopic, in only considering the impact of the next function value; the non-myopic approaches that do exist are able to consider only a handful of futu…

2015-10-21abs ↗pdf ↗

Over the past two decades, several consistent procedures have been designed to infer causal conclusions from observational data. We prove that if the true causal network might be an arbitrary, linear Gaussian network or a discrete Bayes network, then every unambiguous causal conclusion produced by a consistent method f…

2012-03-15abs ↗pdf ↗

New method for debiased inference without assuming exact solutions in inverse problems.

problem Dealing with inverse problems where exact solutions may not exist.
method Nonparametric instrumental variable analysis without structural equations.
result Valid inference on functionals of inverse problems without assuming exact solutions.

This paper describes Simpson's paradox, and explains its serious implications for randomised control trials. In particular, we show that for any number of variables we can simulate the result of a controlled trial which uniformly points to one conclusion (such as 'drug is effective') for every possible combination of t…

2019-12-03abs ↗pdf ↗

A systematic approach has been developed to encompass the Minkowski-type extension of Euclidean geometry such that a one-vector anisotropy is permitted, retaining simultaneously the concept of angle. For the respective geometry, the Euclidean unit ball is to be replaced by the body which is convex and rotund and is fou…

2004-02-02abs ↗pdf ↗

Paper examines LLM capability benchmarks through construct validity, favoring nomological account.

problem Linking theoretical capabilities to empirical measurements in LLMs.
method Contrasts three frameworks: nomological, inferential, and causal.
result Nomological account provides best foundation for LLM research.

New PG losses improve decision optimization in misspecified models.

problem Improving decision optimization in models that are not perfectly specified.
method Introducing Perturbation Gradient (PG) losses to connect decision loss with directional derivatives and optimizing using gradient techniques.
result PG losses yield best-in-class policies asymptotically, even in misspecified settings.

GPs' decisions can vary significantly with different kernels, even if kernels are qualitatively similar.

problem Robustness of GP decisions to kernel choice.
method Solved a constrained optimization problem over a finite-dimensional space to identify changes in GP decisions.
result Decisions made with a GP can be non-robust to kernel choice, even with qualitatively similar kernels.

cMCA uses contrastive learning to identify latent subgroups in political party data.

problem Identifying latent subgroups within political party data.
method Contrastive learning applied to multiple correspondence analysis (MCA).
result cMCA identifies latent subgroups not seen by traditional methods.

New analysis shows ROI's predictive power for stock returns weakens significantly.

problem The predictive power of retail order imbalance (ROI) for future stock returns.
method Replicated Boehmer et al. (2021) using a more recent period and analyzed the effect of using alternative quote midpoint (QMP) method.
result Past ROI can no longer predict weekly returns on large-cap stocks, and the long-short strategy based on past ROI is no longer profitable.

Bounds on factual and counterfactual distributions under measurement error in discrete models.

problem Measurement errors in discrete data and their impact on inference.
method Expressing modeling assumptions as linear constraints and using linear programming to derive bounds.
result Sharp bounds on factual and counterfactual distributions for various models, including instrumental variable scenarios.

Collaborative filtering is a rapidly advancing research area. Every year several new techniques are proposed and yet it is not clear which of the techniques work best and under what conditions. In this paper we conduct a study comparing several collaborative filtering techniques -- both classic and recent state-of-the-…

2012-05-14abs ↗pdf ↗

Cryptocurrency markets show similar returns but different volatility responses to infrastructure and regulatory shocks.

problem Understanding how cryptocurrency markets differentiate between infrastructure and regulatory shocks.
method Event-level block bootstrap inference on 31 cryptocurrency events across Bitcoin, Ethereum, Solana, and Cardano (2019-2025).
result No statistically significant difference in cumulative abnormal returns between infrastructure failures and regulatory enforcement.

This paper gives an explicit formula of the asymptotic expansion of the Kobayashi-Royden metric on the punctured sphere CP1\{0,1,}\mathbb{CP}^1\backslash\{0,1,\infty\} in terms of the exponential Bell polynomials. We prove a local quantitative version of the Little Picard's theorem as an application of the asymptotic expansion…

2019-07-17abs ↗pdf ↗

In this paper we establish three basic equations for a general soliton structure on the Riemannian manifold (M,<,>)(M, <, >). We then draw some geometric conclusions with the aid of the maximum principle.

2010-09-08abs ↗pdf ↗

This paper addresses a gap in the classifcation of Codazzi tensors with exactly two eigenfunctions on a Riemannian manifold of dimension three or higher. Derdzinski proved that if the trace of such a tensor is constant and the dimension of one of the the eigenspaces is n1n-1, then the metric is a warped product where t…

2011-11-29abs ↗pdf ↗

This paper presents a basic property of region dividing of ReLU (rectified linear unit) deep learning when new layers are successively added, by which two new perspectives of interpreting deep learning are given. The first is related to decision trees and forests; we construct a deep learning structure equivalent to a …

2019-06-16abs ↗pdf ↗

Karl Menger's 1934 paper on the St. Petersburg paradox contains mathematical errors that invalidate his conclusion that unbounded utility functions, specifically Bernoulli's logarithmic utility, fail to resolve modified versions of the St. Petersburg paradox.

2011-10-07abs ↗pdf ↗

Neuroimaging research has predominantly drawn conclusions based on classical statistics, including null-hypothesis testing, t-tests, and ANOVA. Throughout recent years, statistical learning methods enjoy increasing popularity, including cross-validation, pattern classification, and sparsity-inducing regression. These t…

2016-03-06abs ↗pdf ↗

SMC analysis reveals key transient effects in macroeconomic ABM.

problem Analysis of complex ABMs is challenging and often relies on ad hoc methods.
method Statistical model checking (SMC) implemented through MultiVeStA.
result Clear contrast across parameter families in macro-financial and structural sweeps.

The authors argue against the classification of forecasting methods as machine learning or statistical.

problem The classification of forecasting methods as machine learning or statistical limits insights into their appropriateness and effectiveness.
method Alternative characteristics of forecasting methods are proposed to draw meaningful conclusions.
result The distinction between machine learning and statistical forecasting methods is not fundamental.