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Model-based reinforcement learning (RL) methods that leverage search are responsible for many milestone breakthroughs in RL. Sequential Monte Carlo (SMC) recently emerged as an alternative to the Monte Carlo Tree Search (MCTS) algorithm…

Machine Learning · Computer Science 2026-05-22 Yaniv Oren , Joery A. de Vries , Pascal R. van der Vaart , Matthijs T. J. Spaan , Wendelin Böhmer

In many risk-aware and multi-objective reinforcement learning settings, the utility of the user is derived from the single execution of a policy. In these settings, making decisions based on the average future returns is not suitable. For…

Machine Learning · Computer Science 2021-02-03 Conor F. Hayes , Mathieu Reymond , Diederik M. Roijers , Enda Howley , Patrick Mannion

In recent years, non-parametric methods utilizing random walks on graphs have been used to solve a wide range of machine learning problems, but in their simplest form they do not scale well due to the quadratic complexity. In this paper, a…

Machine Learning · Computer Science 2012-10-19 Saeed Amizadeh , Bo Thiesson , Milos Hauskrecht

The construction of approximate replication strategies for pricing and hedging of derivative contracts in incomplete markets is a key problem of financial engineering. Recently Reinforcement Learning algorithms for hedging under realistic…

Artificial Intelligence · Computer Science 2023-11-02 Oleg Szehr

Pricing of exotic financial derivatives, such as Asian and multi-asset American basket options, poses significant challenges for standard numerical methods such as binomial trees or Monte Carlo methods. While the former often scales…

Computational Finance · Quantitative Finance 2025-05-26 Maarten van Damme , Rishi Sreedhar , Martin Ganahl

Markov Chain Monte Carlo (MCMC) algorithms are essential tools in computational statistics for sampling from unnormalised probability distributions, but can be fragile when targeting high-dimensional, multimodal, or complex target…

Graph clustering is widely used in many data analysis applications. In this paper we propose several parallel graph clustering algorithms based on Monte Carlo simulations and expectation maximization in the context of stochastic block…

Data Structures and Algorithms · Computer Science 2016-09-05 Frederic Prost , Jisang Yoon

Parallelism has become a central concern in modern decoding frameworks aiming to meet stringent throughput and latency requirements. Guessing Random Additive Noise Decoding (GRAND) is a recently proposed decoding paradigm that tests…

Information Theory · Computer Science 2026-05-04 Li Wan , Huarui Yin , Wenyi Zhang

Windowed recurrences are sliding window calculations where a function is applied iteratively across the window of data, and are ubiquitous throughout the natural, social, and computational sciences. In this monograph we explore the…

Data Structures and Algorithms · Computer Science 2026-02-13 David K. Maslen , Daniel N. Rockmore

Computing and storing probabilities is a hard problem as soon as one has to deal with complex distributions over multiple random variables. The problem of efficient representation of probability distributions is central in term of…

Artificial Intelligence · Computer Science 2016-08-16 David Bellot , Pierre Bessiere

We derive a parallel sampling algorithm for computational inverse problems that present an unknown linear forcing term and a vector of nonlinear parameters to be recovered. It is assumed that the data is noisy and that the linear part of…

Numerical Analysis · Mathematics 2022-03-24 Darko Volkov

Decision tree (and its extensions such as Gradient Boosting Decision Trees and Random Forest) is a widely used machine learning algorithm, due to its practical effectiveness and model interpretability. With the emergence of big data, there…

Machine Learning · Computer Science 2016-11-07 Qi Meng , Guolin Ke , Taifeng Wang , Wei Chen , Qiwei Ye , Zhi-Ming Ma , Tie-Yan Liu

We present a novel class of methods to compute functions of matrices or their action on vectors that are suitable for parallel programming. Solving appropriate simple linear systems of equations in parallel (or computing the inverse of…

Numerical Analysis · Mathematics 2022-10-10 Sergio Blanes

This paper proposes a new theory and methodology to tackle the problem of unifying distributed analyses and inferences on shared parameters from multiple sources, into a single coherent inference. This surprisingly challenging problem…

Methodology · Statistics 2019-07-22 Hongsheng Dai , Murray Pollock , Gareth Roberts

A tree decomposition of a graph facilitates computations by grouping vertices into bags that are interconnected in an acyclic structure, hence their importance in a plethora of problems such as query evaluation over databases and inference…

Data Structures and Algorithms · Computer Science 2018-10-09 Noam Ravid , Dori Medini , Benny Kimelfeld

We consider the problem of estimating a nested structure of two expectations taking the form $U_0 = E[\max\{U_1(Y), \pi(Y)\}]$, where $U_1(Y) = E[X\ |\ Y]$. Terms of this form arise in financial risk estimation and option pricing. When…

Computational Finance · Quantitative Finance 2023-08-16 Abdul-Lateef Haji-Ali , Jonathan Spence

Ordered set (and map) is one of the most used data type. In addition to standard set operations, like insert, delete and contains, it can provide set-set operations such as union, intersection, and difference. Each of these set-set…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-10-13 Vitaly Aksenov , Ilya Kokorin , Alena Martsenyuk

We explore credit risk pricing by modeling equity as a call option and debt as the difference between the firm's asset value and a put option, following the structural framework of the Merton model. Our approach proceeds in two stages:…

Risk Management · Quantitative Finance 2025-06-17 Jagdish Gnawali , Abootaleb Shirvani , Svetlozar T. Rachev

We introduce a new method to price American-style options on underlying investments governed by stochastic volatility (SV) models. The method does not require the volatility process to be observed. Instead, it exploits the fact that the…

Computational Finance · Quantitative Finance 2012-07-26 Bhojnarine R. Rambharat , Anthony E. Brockwell

Parallel fixed-parameter tractability studies how parameterized problems can be solved in parallel. A surprisingly large number of parameterized problems admit a high level of parallelization, but this does not mean that we can also…

Computational Complexity · Computer Science 2018-07-11 Max Bannach , Till Tantau