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We propose a reinforcement learning (RL) framework under a broad class of risk objectives, characterized by convex scoring functions. This class covers many common risk measures, such as variance, Expected Shortfall, entropic Value-at-Risk,…

Mathematical Finance · Quantitative Finance 2025-05-16 Shanyu Han , Yang Liu , Xiang Yu

Quantum control is concerned with the realisation of desired dynamics in quantum systems, serving as a linchpin for advancing quantum technologies and fundamental research. Analytic approaches and standard optimisation algorithms do not…

Quantum Physics · Physics 2025-05-29 Jan Ole Ernst , Aniket Chatterjee , Tim Franzmeyer , Axel Kuhn

The main focus of Hierarchical Reinforcement Learning (HRL) is studying how large Markov Decision Processes (MDPs) can be more efficiently solved when addressed in a modular way, by combining partial solutions computed for smaller subtasks.…

Machine Learning · Computer Science 2025-12-05 Roberto Cipollone , Luca Iocchi , Matteo Leonetti

The current thesis aims to explore the reinforcement learning field and build on existing methods to produce improved ones to tackle the problem of learning in high-dimensional and complex environments. It addresses such goals by…

Machine Learning · Computer Science 2024-03-26 Ayoub Ghriss , Masashi Sugiyama , Alessandro Lazaric

In many reinforcement learning (RL) applications, the observation space is specified by human developers and restricted by physical realizations, and may thus be subject to dramatic changes over time (e.g. increased number of observable…

Machine Learning · Computer Science 2022-04-07 Yanchao Sun , Ruijie Zheng , Xiyao Wang , Andrew Cohen , Furong Huang

In this work we deal with the funding costs rising from hedging the risky securities underlying a target volatility strategy (TVS), a portfolio of risky assets and a risk-free one dynamically rebalanced in order to keep the realized…

Pricing of Securities · Quantitative Finance 2021-12-06 Roberto Daluiso , Emanuele Nastasi , Andrea Pallavicini , Stefano Polo

We study the offline meta-reinforcement learning (OMRL) problem, a paradigm which enables reinforcement learning (RL) algorithms to quickly adapt to unseen tasks without any interactions with the environments, making RL truly practical in…

Machine Learning · Computer Science 2021-05-07 Lanqing Li , Rui Yang , Dijun Luo

In continual learning, the primary challenge is to learn new information without forgetting old knowledge. A common solution addresses this trade-off through regularization, penalizing changes to parameters critical for previous tasks. In…

Machine Learning · Computer Science 2026-04-22 Pourya Shamsolmoali , Masoumeh Zareapoor , Eric Granger , William A. P. Smith , Yue Lu

This paper addresses two crucial problems of learning disentangled image representations, namely controlling the degree of disentanglement during image editing, and balancing the disentanglement strength and the reconstruction quality. To…

Machine Learning · Computer Science 2020-06-23 Zengjie Song , Oluwasanmi Koyejo , Jiangshe Zhang

Tasks with complex temporal structures and long horizons pose a challenge for reinforcement learning agents due to the difficulty in specifying the tasks in terms of reward functions as well as large variances in the learning signals. We…

Artificial Intelligence · Computer Science 2018-09-27 Xiao Li , Yao Ma , Calin Belta

We reinterpret and propose a framework for pricing path-dependent financial derivatives by estimating the full distribution of payoffs using Distributional Reinforcement Learning (DistRL). Unlike traditional methods that focus on expected…

Mathematical Finance · Quantitative Finance 2025-07-18 Ahmet Umur Özsoy

Planning methods can solve temporally extended sequential decision making problems by composing simple behaviors. However, planning requires suitable abstractions for the states and transitions, which typically need to be designed by hand.…

Machine Learning · Computer Science 2019-11-20 Soroush Nasiriany , Vitchyr H. Pong , Steven Lin , Sergey Levine

Reinforcement learning (RL) has shown significant promise for sequential portfolio optimization tasks, such as stock trading, where the objective is to maximize cumulative returns while minimizing risks using historical data. However,…

Machine Learning · Computer Science 2025-05-20 Haochen Yuan , Minting Pan , Yunbo Wang , Siyu Gao , Philip S. Yu , Xiaokang Yang

Reinforcement learning (RL) methods work in discrete time. In order to apply RL to inherently continuous problems like robotic control, a specific time discretization needs to be defined. This is a choice between sparse time control, which…

Artificial Intelligence · Computer Science 2023-08-09 Jakub Łyskawa , Paweł Wawrzyński

One of the significant challenges in reinforcement learning (RL) when dealing with noise is estimating latent states from observations. Causality provides rigorous theoretical support for ensuring that the underlying states can be uniquely…

We study reinforcement learning (RL) in the setting of continuous time and space, for an infinite horizon with a discounted objective and the underlying dynamics driven by a stochastic differential equation. Built upon recent advances in…

Machine Learning · Computer Science 2023-10-19 Hanyang Zhao , Wenpin Tang , David D. Yao

We study reinforcement learning (RL) problems in which agents observe the reward or transition realizations at their current state before deciding which action to take. Such observations are available in many applications, including…

Machine Learning · Computer Science 2024-10-22 Nadav Merlis

Reinforcement Learning (RL) remains a central optimisation framework in machine learning. Although RL agents can converge to optimal solutions, the definition of ``optimality'' depends on the environment's statistical properties. The…

Machine Learning · Computer Science 2026-01-14 Bert Verbruggen , Arne Vanhoyweghen , Vincent Ginis

In real-world applications with large state and action spaces, reinforcement learning (RL) typically employs function approximations to represent core components like the policies, value functions, and dynamics models. Although powerful…

Machine Learning · Computer Science 2026-01-29 Chenxiao Gao , Haotian Sun , Na Li , Dale Schuurmans , Bo Dai

Recently there is a surge of interest in understanding the horizon-dependence of the sample complexity in reinforcement learning (RL). Notably, for an RL environment with horizon length $H$, previous work have shown that there is a probably…

Machine Learning · Computer Science 2021-11-02 Yuanzhi Li , Ruosong Wang , Lin F. Yang