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Spectral risk measures are attractive risk measures as they allow the user to obtain risk measures that reflect their subjective risk-aversion. This paper examines spectral risk measures based on an exponential utility function, and finds…

Risk Management · Quantitative Finance 2011-03-29 Kevin Dowd , John Cotter

Complex risk is a critical factor for both intelligent systems and risk management. In this paper, we consider a special class of risk statistics, named complex risk statistics. Our result provides a new approach for addressing complex…

Risk Management · Quantitative Finance 2020-12-01 Fei Sun , Yichuan Dong

Three variants of the statistical complexity function, which is used as a criterion in the problem of detection of a useful signal in the signal-noise mixture, are considered. The probability distributions maximizing the considered variants…

Statistics Theory · Mathematics 2023-11-30 Leonid Berlin , Andrey Galyaev , Pavel Lysenko

In probabilistic logic entailments, even moderate size problems can yield linear constraint systems with so many variables that exact methods are impractical. This difficulty can be remedied in many cases of interest by introducing a three…

Artificial Intelligence · Computer Science 2013-03-26 Paul Snow

Linear differential equations of arbitrary order with polynomial coefficients are considered. Specifically, necessary and sufficient conditions for the existence of polynomial solutions of a given degree are obtained for these equations. An…

Mathematical Physics · Physics 2011-09-27 H. Azad , A. Laradji , M. T. Mustafa

We consider discrete optimization problems with interval uncertatinty of objective function coefficients. The interval uncertainty models measurements errors. A pos\-sible optimal solution is a solution that is optimal for some possible…

Optimization and Control · Mathematics 2022-06-22 Alexander Prolubnikov

In real-world decision-making problems, for instance in the fields of finance, robotics or autonomous driving, keeping uncertainty under control is as important as maximizing expected returns. Risk aversion has been addressed in the…

Machine Learning · Computer Science 2019-12-09 Lorenzo Bisi , Luca Sabbioni , Edoardo Vittori , Matteo Papini , Marcello Restelli

The classical Gauss--Lucas theorem describes the location of the critical points of a polynomial. There is also a hyperbolic version, due to Walsh, in which the role of polynomials is played by finite Blaschke products on the unit disk. We…

Complex Variables · Mathematics 2019-09-04 Konstantin M. Dyakonov

We show that by restricting the degrees of the vertices of a graph to an arbitrary set \( \Delta \), the threshold point $ \alpha(\Delta) $ of the phase transition for a random graph with $ n $ vertices and $ m = \alpha(\Delta) n $ edges…

Combinatorics · Mathematics 2017-12-21 Sergey Dovgal , Vlady Ravelomanana

We develop a general framework for estimating function-valued parameters under equality or inequality constraints in infinite-dimensional statistical models. Such constrained learning problems are common across many areas of statistics and…

Machine Learning · Statistics 2025-07-22 Razieh Nabi , Nima S. Hejazi , Mark J. van der Laan , David Benkeser

It is well known that the entropy $H(X)$ of a discrete random variable $X$ is always greater than or equal to the entropy $H(f(X))$ of a function $f$ of $X$, with equality if and only if $f$ is one-to-one. In this paper, we give tight…

Information Theory · Computer Science 2017-12-22 Ferdinando Cicalese , Luisa Gargano , Ugo Vaccaro

Typically, operational risk losses are reported above a threshold. Fitting data reported above a constant threshold is a well known and studied problem. However, in practice, the losses are scaled for business and other factors before the…

Risk Management · Quantitative Finance 2009-07-31 Pavel V. Shevchenko , Grigory Temnov

Extreme Value Theory (EVT) is one of the most commonly used approaches in finance for measuring the downside risk of investment portfolios, especially during financial crises. In this paper, we propose a novel approach based on EVT called…

General Economics · Economics 2020-11-16 Hamidreza Arian , Hossein Poorvasei , Azin Sharifi , Shiva Zamani

Obtaining guarantees on the convergence of the minimizers of empirical risks to the ones of the true risk is a fundamental matter in statistical learning. Instead of deriving guarantees on the usual estimation error, the goal of this paper…

Statistics Theory · Mathematics 2024-09-12 Paul Escande

The main purpose of this paper is to provide threshold functions for the events that a random subset of the points of a finite vector space has certain properties related to point-flat incidences. Specifically, we consider the events that…

Combinatorics · Mathematics 2022-12-26 Jeong Han Kim , Ben Lund , Thang Pham , Semin Yoo

When considering d possibly dependent random variables, one is often interested in extreme risk regions, with very small probability p. We consider risk regions of the form ${\mathbf{z}\in\mathbb{R}^d:f(\mathbf{z})\leq\beta}$, where f is…

Statistics Theory · Mathematics 2012-11-26 Juan-Juan Cai , John H. J. Einmahl , Laurens de Haan

Hazard ratios are often used to evaluate time to event outcomes, but they may be hard to interpret. A particular issue arise because hazards are typically estimated conditional on survival, i.e.\ on left truncated samples. Then, hazard…

Methodology · Statistics 2018-03-23 Mats Julius Stensrud

In this paper we examine isotropic Gaussian random fields defined on $\mathbb R^N$ satisfying certain conditions. Specifically, we investigate the type of a critical point situated within a small vicinity of another critical point, with…

Probability · Mathematics 2023-10-20 Paul Marriott , Weinan Qi , Yi Shen

Uncertainty quantification is a primary challenge for reliable modeling and simulation of complex stochastic dynamics. Such problems are typically plagued with incomplete information that may enter as uncertainty in the model parameters, or…

Probability · Mathematics 2015-07-15 Paul Dupuis , Markos A. Katsoulakis , Yannis Pantazis , Petr Plechac

Tests for proportional hazards assumption concerning specified covariates or groups of covariates are proposed. The class of alternatives is wide: log-hazard rates under different values of covariates may cross, approach, go away. The data…

Statistics Theory · Mathematics 2020-01-20 Vilijandas Bagdonavičius , Rūta Levulienė
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