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This paper presents novel characterization results for classes of law-invariant star-shaped functionals. We begin by establishing characterizations for positively homogeneous and star-shaped functionals that exhibit second- or convex-order…

Risk Management · Quantitative Finance 2023-10-31 Roger J. A. Laeven , Emanuela Rosazza Gianin , Marco Zullino

We discuss when law-invariant convex functionals "collapse to the mean". More precisely, we show that, in a large class of spaces of random variables and under mild semicontinuity assumptions, the expectation functional is, up to an affine…

Mathematical Finance · Quantitative Finance 2021-01-21 Fabio Bellini , Pablo Koch-Medina , Cosimo Munari , Gregor Svindland

We establish general "collapse to the mean" principles that provide conditions under which a law-invariant functional reduces to an expectation. In the convex setting, we retrieve and sharpen known results from the literature. However, our…

Mathematical Finance · Quantitative Finance 2021-07-15 Felix-Benedikt Liebrich , Cosimo Munari

We provide a variety of results for (quasi)convex, law-invariant functionals defined on a general Orlicz space, which extend well-known results in the setting of bounded random variables. First, we show that Delbaen's representation of…

Risk Management · Quantitative Finance 2017-09-06 Niushan Gao , Denny H. Leung , Cosimo Munari , Foivos Xanthos

Law-invariant functionals are central to risk management and assign identical values to random prospects sharing the same distribution under an atomless reference probability measure. This measure is typically assumed fixed. Here, we adopt…

Risk Management · Quantitative Finance 2026-02-10 Felix-Benedikt Liebrich , Ruodu Wang

This paper presents relations between several types of closedness of a law-invariant convex set in a rearrangement invariant space $\mathcal{X}$. In particular, we show that order closedness,…

Risk Management · Quantitative Finance 2019-12-20 Made Tantrawan , Denny H. Leung

In this note, we show that, on a wide range of rearrangement-invariant spaces, a law-invariant bounded linear functional is a scalar multiple of the expectation. We also construct a rearrangement-invariant space on which this property…

Functional Analysis · Mathematics 2021-11-15 Shengzhong Chen , Niushan Gao , Denny H. Leung , Lei Li

We address a deep study of the convexity notions that arise in the study of weak* lower semicontinuity of supremal functionals as well as those raised by the power-law approximation of such functionals. Our quest is motivated by the…

Analysis of PDEs · Mathematics 2023-09-20 Ana Margarida Ribeiro , Elvira Zappale

This paper is devoted to a systematic study and characterizations of the fundamental notions of variational and strong variational convexity for lower semicontinuous functions. While these notions have been quite recently introduced by…

Optimization and Control · Mathematics 2023-09-26 Pham Duy Khanh , Vu Vinh Huy Khoa , Boris S. Mordukhovich , Vo Thanh Phat

Given a strictly positive measure, we characterize inner semicontinuous solid convex-valued mappings for which continuous functions which are selections almost everywhere are selections. This class contains continuous mappings as well as…

Optimization and Control · Mathematics 2013-08-23 Ari-Pekka Perkkiö

We consider functional linear regression models where functional outcomes are associated with scalar predictors by coefficient functions with shape constraints, such as monotonicity and convexity, that apply to sub-domains of interest. To…

Methodology · Statistics 2025-05-09 Kyunghee Han , Yeonjoo Park , Soo-Young Kim

We investigate functionals defined on manifolds through parameterizations. If they are to be meaningful, from a geometrical viewpoint, they ought to be invariant under reparameterizations. Standard, local, integral functionals with this…

Differential Geometry · Mathematics 2024-11-08 Pablo Pedregal

We provide counterexamples showing that uniform laws of large numbers do not hold for subdifferentials under natural assumptions. Our constructions are univariate random Lipschitz functions and bivariate random convex functions with two…

Optimization and Control · Mathematics 2026-03-17 Lai Tian , Johannes O. Royset

We study the long-time behavior of almost periodic solutions to stochastic scalar conservation laws in any space dimension, under the assumption of Lipschitz continuity of the flux functions and a non-degeneracy condition. We show the…

Analysis of PDEs · Mathematics 2023-06-16 Claudia Espitia , Hermano Frid , Daniel Marroquin

We study invariant solutions of a certain class of time-fractional diffusion-wave equations with variable coefficients via Lie symmetry analysis. In physics, the fractional diffusion equation describes transport dynamics that are governed…

Let $\mu$ be a probability measure on $\mathbb{R}$. We give conditions on the Fourier transform of its density for functionals of the form $H(a)=\int_{\mathbb{R}^n}h(\langle a,x\rangle)\mu^n(dx)$ to be Schur monotone. As applications, we…

Probability · Mathematics 2025-04-09 Andreas Malliaris

The full Kostant--Toda hierarchy on a semisimple Lie algebra is a system of Lax equations, in which the flows are determined by the gradients of the Chevalley invariants.This paper is concerned with the full Kostant--Toda hierarchy on the…

Exactly Solvable and Integrable Systems · Physics 2022-12-14 Yuji Kodama , Soichi Okada

We analize the algebraic structure of consistent and covariant anomalies in gauge and gravitational theories: using a complex extension of the Lie algebra it is possible to describe them in a unified way. Then we study their representations…

High Energy Physics - Theory · Physics 2010-11-01 Luca Griguolo

In the setting of a metric space that is equipped with a doubling measure and supports a Poincar\'e inequality, we show that the total variation of functions of bounded variation is lower semicontinuous with respect to $L^1$-convergence in…

Metric Geometry · Mathematics 2017-03-16 Panu Lahti

Determination of quasi-invariant generalized functions is important for a variety of problems in representation theory, notably character theory and restriction problems. In this note, we review some new and easy-to-use techniques to show…

Representation Theory · Mathematics 2012-12-27 Dihua Jiang , Binyong Sun , Chen-Bo Zhu
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