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We give a construction of the Hawkes process as a piecewise competing risks model. We argue that the most natural interpretation of the self-excitation kernel is the hazard function of a defective random variable. This establishes a link…

Methodology · Statistics 2021-05-04 Maximilian Aigner , Valérie Chavez-Demoulin

High frequency financial data is burdened by a level of randomness that is unavoidable and obfuscates the task of modelling. This idea is reflected in the intraday evolution of limit orders book data for many financial assets and suggests…

Trading and Market Microstructure · Quantitative Finance 2021-10-15 Myles Sjogren , Timothy DeLise

We modify ETAS models by replacing the Pareto-like kernel proposed by Ogata with a Mittag-Leffler type kernel. Provided that the kernel decays as a power law with exponent $\beta + 1 \in (1,2]$, this replacement has the advantage that the…

Probability · Mathematics 2020-03-03 J. Chen , A. G. Hawkes , E. Scalas

The limit order book (LOB) depicts the fine-grained demand and supply relationship for financial assets and is widely used in market microstructure studies. Nevertheless, the availability and high cost of LOB data restrict its wider…

Trading and Market Microstructure · Quantitative Finance 2021-07-02 Zijian Shi , John Cartlidge

We propose an effective method to solve the event sequence clustering problems based on a novel Dirichlet mixture model of a special but significant type of point processes --- Hawkes process. In this model, each event sequence belonging to…

Machine Learning · Computer Science 2017-09-22 Hongteng Xu , Hongyuan Zha

We propose a novel probabilistic framework to model continuous-time interaction events data. Our goal is to infer the \emph{implicit} community structure underlying the temporal interactions among entities, and also to exploit how the…

Social and Information Networks · Computer Science 2020-06-24 Sikun Yang , Heinz Koeppl

The representer theorem is a cornerstone of kernel methods, which aim to estimate latent functions in reproducing kernel Hilbert spaces (RKHSs) in a nonparametric manner. Its significance lies in converting inherently infinite-dimensional…

Machine Learning · Statistics 2026-02-06 Hideaki Kim , Tomoharu Iwata

We define a numerical method that provides a non-parametric estimation of the kernel shape in symmetric multivariate Hawkes processes. This method relies on second order statistical properties of Hawkes processes that relate the covariance…

Trading and Market Microstructure · Quantitative Finance 2015-06-03 E. Bacry , K. Dayri , J. F. Muzy

Learning the influence structure of multiple time series data is of great interest to many disciplines. This paper studies the problem of recovering the causal structure in network of multivariate linear Hawkes processes. In such processes,…

Machine Learning · Computer Science 2016-03-15 Jalal Etesami , Negar Kiyavash , Kun Zhang , Kushagra Singhal

An extension of the Hawkes process, the Marked Hawkes process distinguishes itself by featuring variable jump size across each event, in contrast to the constant jump size observed in a Hawkes process without marks. While extensive…

Machine Learning · Statistics 2024-02-08 Sobin Joseph , Shashi Jain

Event history data from sports competitions have recently drawn increasing attention in sports analytics to generate data-driven strategies. Such data often exhibit self-excitation in the event occurrence and dependence within event…

Methodology · Statistics 2026-01-14 K. Ken Peng , X. Joan Hu , Tim B. Swartz

The purpose of this paper is to present a recursive algorithm and its implementation in Maple and Mathematica for the computation of joint moments and cumulants of Hawkes processes with exponential kernels. Numerical results and computation…

Machine Learning · Computer Science 2021-10-27 Nicolas Privault

We prove regenerative properties for the linear Hawkes process under minimal assumptions on the transfer function, which may have unbounded support. These results are applicable to sliding window statistical estimators. We exploit…

Probability · Mathematics 2019-06-07 Carl Graham

As a powerful tool of asynchronous event sequence analysis, point processes have been studied for a long time and achieved numerous successes in different fields. Among various point process models, Hawkes process and its variants attract…

Machine Learning · Statistics 2017-08-31 Hongteng Xu , Hongyuan Zha

According to the Hughes phenomenon, the major challenges encountered in computations with learning models comes from the scale of complexity, e.g. the so-called curse of dimensionality. There are various approaches for accelerate learning…

Machine Learning · Computer Science 2024-10-15 Luisa D'Amore

The present paper provides exact mathematical expressions for the high-order moments of spiking activity in a recurrently-connected network of linear Hawkes processes. It extends previous studies that have explored the case of a (linear)…

Neurons and Cognition · Quantitative Biology 2019-12-17 Matthieu Gilson , Jean-Pascal Pfister

We introduce a model for limit order book of a certain security with two main features: First, both the limit orders and market orders for the given asset are allowed to appear and interact with each other. Second, the high frequency…

Pricing of Securities · Quantitative Finance 2024-12-24 Yun Chen-Shue , Yukun Li , Jiongmin Yong

The Hawkes process is a self-exciting sample point process. It has wide applications in finance, social networks, criminology, seismology, and many other fields. With the development of storage technology, data-driven models are attracting…

Probability · Mathematics 2021-06-23 Haixu Wang

Software-controlled heterogeneous memory systems have the potential to improve performance, efficiency, and cost tradeoffs in emerging systems. Delivering on this promise requires an efficient operating system (OS) mechanisms and policies…

Operating Systems · Computer Science 2020-04-13 Sudarsun Kannan , Yujie Ren , Abhishek Bhatacharjee

Fueled in part by recent applications in neuroscience, the multivariate Hawkes process has become a popular tool for modeling the network of interactions among high-dimensional point process data. While evaluating the uncertainty of the…

Machine Learning · Statistics 2020-07-16 Xu Wang , Mladen Kolar , Ali Shojaie