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In this paper, we refine and generalize closed forms for worst-case law invariant convex risk measures with uncertainty sets based on: i) closed balls under $p$-norms and Wasserstein distance; and ii) moment constraints involving mean and…

Risk Management · Quantitative Finance 2025-07-30 Marcelo Righi , Fernanda Müller

In covariance matrix estimation, one of the challenges lies in finding a suitable model and an efficient estimation method. Two commonly used modelling approaches in the literature involve imposing linear restrictions on the covariance…

Statistics Theory · Mathematics 2024-05-09 Piotr Zwiernik

We develop an approach for estimating models described via conditional moment restrictions, with a prototypical application being non-parametric instrumental variable regression. We introduce a min-max criterion function, under which the…

Econometrics · Economics 2020-06-15 Nishanth Dikkala , Greg Lewis , Lester Mackey , Vasilis Syrgkanis

We consider a convex constrained Gaussian sequence model and characterize necessary and sufficient conditions for the least squares estimator (LSE) to be minimax optimal. For a closed convex set $K\subset \mathbb{R}^n$ we observe…

Statistics Theory · Mathematics 2026-03-06 Akshay Prasadan , Matey Neykov

The sharpest known high probability generalization bounds for uniformly stable algorithms (Feldman, Vondr\'{a}k, 2018, 2019), (Bousquet, Klochkov, Zhivotovskiy, 2020) contain a generally inevitable sampling error term of order…

Machine Learning · Computer Science 2021-11-19 Yegor Klochkov , Nikita Zhivotovskiy

Hedge Funds are considered as one of the portfolio management sectors which shows a fastest growing for the past decade. An optimal Hedge Fund management requires an appropriate risk metrics. The classic CAPM theory and its Ratio Sharpe…

Physics and Society · Physics 2008-12-02 Josep Perello

We conduct a non asymptotic study of the Cross Validation (CV) estimate of the generalization risk for learning algorithms dedicated to extreme regions of the covariates space. In this Extreme Value Analysis context, the risk function…

Statistics Theory · Mathematics 2024-09-12 Anass Aghbalou , Patrice Bertail , François Portier , Anne Sabourin

We consider the least angle regression and forward stagewise algorithms for solving penalized least squares regression problems. In Efron, Hastie, Johnstone & Tibshirani (2004) it is proved that the least angle regression algorithm, with a…

Statistics Theory · Mathematics 2007-05-23 Trevor Hastie , Jonathan Taylor , Robert Tibshirani , Guenther Walther

We study the error landscape of deep linear and nonlinear neural networks with the squared error loss. Minimizing the loss of a deep linear neural network is a nonconvex problem, and despite recent progress, our understanding of this loss…

Machine Learning · Computer Science 2018-03-28 Chulhee Yun , Suvrit Sra , Ali Jadbabaie

Stochastic convex optimization is one of the most well-studied models for learning in modern machine learning. Nevertheless, a central fundamental question in this setup remained unresolved: "How many data points must be observed so that…

Machine Learning · Computer Science 2023-11-10 Daniel Carmon , Roi Livni , Amir Yehudayoff

Recent years have seen substantial advances in our understanding of high-dimensional ridge regression, but existing theories assume that training examples are independent. By leveraging techniques from random matrix theory and free…

Machine Learning · Statistics 2025-11-06 Alexander Atanasov , Jacob A. Zavatone-Veth , Cengiz Pehlevan

We develop a framework for convexifying a fairly general class of optimization problems. Under additional assumptions, we analyze the suboptimality of the solution to the convexified problem relative to the original nonconvex problem and…

Systems and Control · Computer Science 2014-06-04 Krishnamurthy Dvijotham , Maryam Fazel , Emanuel Todorov

A least product relative error criterion is proposed for multiplicative regression models. It is invariant under scale transformation of the outcome and covariates. In addition, the objective function is smooth and convex, resulting in a…

Methodology · Statistics 2013-09-03 Kani Chen , Yuanyuan Lin , Zhanfeng Wang , Zhiliang Ying

Population risk is always of primary interest in machine learning; however, learning algorithms only have access to the empirical risk. Even for applications with nonconvex nonsmooth losses (such as modern deep networks), the population…

Machine Learning · Computer Science 2018-10-19 Chi Jin , Lydia T. Liu , Rong Ge , Michael I. Jordan

We develop a finite-sample optimal estimator for regression discontinuity design when the outcomes are bounded, including binary outcomes as the leading case. Our estimator achieves minimax mean squared error among linear shrinkage…

Econometrics · Economics 2025-12-29 Takuya Ishihara , Masayuki Sawada , Kohei Yata

In this paper, we study the trace regression when a matrix of parameters B* is estimated via the convex relaxation of a rank-regularized regression or via regularized non-convex optimization. It is known that these estimators satisfy…

Machine Learning · Computer Science 2023-08-31 Nima Hamidi , Mohsen Bayati

A classic result by Cook, Gerards, Schrijver, and Tardos provides an upper bound of $n \Delta$ on the proximity of optimal solutions of an Integer Linear Programming problem and its standard linear relaxation. In this bound, $n$ is the…

Optimization and Control · Mathematics 2021-04-16 Alberto Del Pia , Mingchen Ma

We propose a novel class of convex risk measures, based on the concept of the Fr\'echet mean, designed in order to handle uncertainty which arises from multiple information sources regarding the risk factors of interest. The proposed risk…

Risk Management · Quantitative Finance 2022-09-13 Georgios I. Papayiannis , Athanasios N. Yannacopoulos

Given functional data from a survival process with time-dependent covariates, we derive a smooth convex representation for its nonparametric log-likelihood functional and obtain its functional gradient. From this, we devise a generic…

Machine Learning · Statistics 2021-10-07 Donald K. K. Lee , Ningyuan Chen , Hemant Ishwaran

We analyze a simple randomized subgradient method for approximating solutions to stochastic systems of convex functional constraints, the only input to the algorithm being the size of minibatches. By introducing a new notion of what is…

Optimization and Control · Mathematics 2021-08-30 James Renegar , Song Zhou