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In this article, the concept of $\mu-$ monotonic property of interval-valued function in higher dimension is introduced. Expansion of interval-valued function in higher dimension is developed using this property. Generalized Hukuhara…
We introduce a new paradigm for risk sharing that generalizes earlier models based on discrete agents and extends them to allow for sharing risk within a continuum of agents. Agents are represented by points of a measure space and have…
Categories enriched over a commutative unital quantale can be studied as generalized, or many-valued, ordered structures. Because many concepts, such as complete distributivity, in lattice theory can be characterized by existence of certain…
As a counterpart to the (static) risk measures of generalized quantiles and motivated by Bellini et al. (2018), we propose a new kind of conditional risk measure called conditional generalized quantiles. We first show their well-definedness…
Expansions of abelian categories are introduced. These are certain functors between abelian categories and provide a tool for induction/reduction arguments. Expansions arise naturally in the study of coherent sheaves on weighted projective…
Sparsity or complexity? In modern high-dimensional asset pricing, these are often viewed as competing principles: richer feature spaces appear to favor complexity, while economic intuition has long favored parsimony. We show that this…
In this paper, by using the concept of positive elements of $C^*$-algebras instead of the real numbers $\mathbb{R}$, a generalization of distribution functions, with a particular focus on distance distribution functions has been introduced…
We study distributional similarity measures for the purpose of improving probability estimation for unseen cooccurrences. Our contributions are three-fold: an empirical comparison of a broad range of measures; a classification of similarity…
The objective of this manuscript is to introduce and develop the concept of a generalized $\theta$-parametric metric space-a novel extension that enriches the modern metric fixed point theory. We study of its fundamental properties,…
Diversities are a generalization of metric spaces in which a non-negative value is assigned to all finite subsets of a set, rather than just to pairs of points. Here we provide an analogue of the theory of negative type metrics for…
In this paper, we define probabilistic n-Banach spaces along with some concepts in this field and study convergence in these spaces by some lemmas and theorem.
Utility and risk are two often competing measurements on the investment success. We show that efficient trade-off between these two measurements for investment portfolios happens, in general, on a convex curve in the two dimensional space…
We derive an entropic uncertainty relation for generalized positive-operator-valued measure (POVM) measurements via a direct-sum majorization relation using Schur concavity of entropic quantities in a finite-dimensional Hilbert space. Our…
We introduce vectorial and topological continuities for functions defined on vector metric spaces and illustrate spaces of such functions. Also, we describe some fundamental classes of vector valued functions and extension theorems.
We investigate the possibility of defining meaningful upper and lower quantization dimensions for a compactly supported Borel probability measure of order $r$, including negative values of $r$. To this end, we use the concept of partition…
We provide a formal framework accounting for a widespread idea in the theory of economic design: analytically established incompatibilities between given axioms should be qualified by the likelihood of their violation. We define the degree…
We consider notions of metrized categories, and then approximate categorical structures defined by a function of three variables generalizing the notion of $2$-metric space. We prove an embedding theorem giving sufficient conditions for an…
In this note a general a Cauchy-type mean value theorem for the ratio of functional determinants is offered. It generalizes Cauchy's and Taylor's mean value theorems as well as other classical mean value theorems.
In the paper a problem of risk measures on a discrete-time market model with transaction costs is studied. Strategy effectiveness and shortfall risk is introduced. This paper is a generalization of quantile hedging presented in [4].
We present an approach to the study of stationary measures placing Tarski's foundational work in this area within a modern category theoretic context. Guiding this work is the notion that measurable spaces equipped with symmetries carry an…