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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

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 establish general versions of a variety of results for quasiconvex, lower-semicontinuous, and law-invariant functionals. Our results extend well-known results from the literature to a large class of spaces of random variables. We…

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

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 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

Sublinear functionals of random variables are known as sublinear expectations; they are convex homogeneous functionals on infinite-dimensional linear spaces. We extend this concept for set-valued functionals defined on measurable set-valued…

Probability · Mathematics 2021-01-15 Ilya Molchanov , Anja Mühlemann

We provide a uniform law for the weak convergence of additive functionals of partial sum processes to the local times of linear fractional stable motions, in a setting sufficiently general for statistical applications. Our results are…

Statistics Theory · Mathematics 2016-02-02 James A. Duffy

The minimax theory for estimating linear functionals is extended to the case of a finite union of convex parameter spaces. Upper and lower bounds for the minimax risk can still be described in terms of a modulus of continuity. However in…

Statistics Theory · Mathematics 2007-06-13 T. Tony Cai , Mark G. Low

We study the linear convergence of variants of the Frank-Wolfe algorithms for some classes of strongly convex problems, using only affine-invariant quantities. As in Guelat & Marcotte (1986), we show the linear convergence of the standard…

Optimization and Control · Mathematics 2014-01-06 Simon Lacoste-Julien , Martin Jaggi

Many key quantities in statistics and probability theory such as the expectation, quantiles, expectiles and many risk measures are law-determined maps from a space of random variables to the reals. We call such a law-determined map, which…

Probability · Mathematics 2026-04-08 Tobias Fissler , Ilya Molchanov

For convex univalent functions we give instances where the sharp bound for various coefficient functionals are identical to those for the corresponding bound for the inverse function. We give instances where the sharp bounds differ and also…

Complex Variables · Mathematics 2022-12-12 Derek K. Thomas

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

It is known that the Frank-Wolfe (FW) algorithm, which is affine-covariant, enjoys accelerated convergence rates when the constraint set is strongly convex. However, these results rely on norm-dependent assumptions, usually incurring…

Optimization and Control · Mathematics 2020-11-09 Thomas Kerdreux , Lewis Liu , Simon Lacoste-Julien , Damien Scieur

We introduce floating bodies for convex, not necessarily bounded subsets of $\mathbb{R}^n$. This allows us to define floating functions for convex and log concave functions and log concave measures. We establish the asymptotic behavior of…

Functional Analysis · Mathematics 2018-08-07 Ben Li , Carsten Schuett , Elisabeth M. Werner

We consider the problem of nonparametric estimation of a convex regression function $\phi_0$. We study the risk of the least squares estimator (LSE) under the natural squared error loss. We show that the risk is always bounded from above by…

Statistics Theory · Mathematics 2014-12-10 Adityanand Guntuboyina , Bodhisattva Sen

We consider a family of non-local and non-convex functionals, and we prove that their Gamma-liminf is bounded from below by a positive multiple of the Sobolev norm or the total variation. As a by-product, we answer some open questions…

Functional Analysis · Mathematics 2024-02-21 Massimo Gobbino , Nicola Picenni

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

Downstream scaling laws aim to predict task performance at larger scales from the model's performance at smaller scales. Whether such prediction should be possible is unclear: some works discover clear linear scaling trends after simple…

Computation and Language · Computer Science 2025-10-10 Nicholas Lourie , Michael Y. Hu , Kyunghyun Cho

In many applications, such as economics, operations research and reinforcement learning, one often needs to estimate a multivariate regression function f subject to a convexity constraint. For example, in sequential decision processes the…

Methodology · Statistics 2011-09-05 Lauren A. Hannah , David B. Dunson

In functional data analysis, functional linear regression has attracted significant attention recently. Herein, we consider the case where both the response and covariates are functions. There are two available approaches for addressing…

Methodology · Statistics 2021-09-28 Mauro Bernardi , Antonio Canale , Marco Stefanucci
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