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The problem of robust utility maximization in an incomplete market with volatility uncertainty is considered, in the sense that the volatility of the market is only assumed to lie between two given bounds. The set of all possible models…

Probability · Mathematics 2015-04-07 Anis Matoussi , Dylan Possamaï , Chao Zhou

We consider a class of integral functionals with convex integrand with respect to the gradient variable, assuming that the function that measures the oscillation of the integrand with respect to the x variable belongs to a suitable Sobolev…

Analysis of PDEs · Mathematics 2019-10-10 Andrea Gentile

Conservation laws are usually studied in the context of sufficient regularity conditions imposed on the flux function, usually $C^{2}$ and uniform convexity. Some results are proven with the aid of variational methods and a unique minimizer…

Analysis of PDEs · Mathematics 2018-03-06 Carey Caginalp

The aim of this article is to establish new two-functions minimax inequalities extending classical results such as Simons' minimax theorem. Our results will be proved in a non-compact setting. We also prove, under general conditions, that…

Functional Analysis · Mathematics 2024-11-18 Mohammed Bachir

The problem of finding the minimizer of a sum of convex functions is central to the field of optimization. Thus, it is of interest to understand how that minimizer is related to the properties of the individual functions in the sum. In this…

Optimization and Control · Mathematics 2020-03-23 Kananart Kuwaranancharoen , Shreyas Sundaram

The remaining min-entropy of a secret generated by fuzzy extraction from a Physical Unclonable Function is typically estimated under the assumption of independent and identically distributed PUF responses, but this assumption does not hold…

Signal Processing · Electrical Eng. & Systems 2020-01-23 Florian Wilde , Christoph Frisch , Michael Pehl

Experimental designs that are minimax in the presence of model misspecifications have been constructed so as to minimize the maximum, over classes of alternate response models, of the integrated mean squared error of the predicted values.…

Statistics Theory · Mathematics 2026-04-27 Rui Hu , Douglas P. Wiens

The optimization problem concerning the determination of the minimizer for the sum of convex functions holds significant importance in the realm of distributed and decentralized optimization. In scenarios where full knowledge of the…

Optimization and Control · Mathematics 2024-09-24 Kananart Kuwaranancharoen , Shreyas Sundaram

We consider the terminal wealth utility maximization problem from the point of view of a portfolio manager who is paid by an incentive scheme, which is given as a convex function $g$ of the terminal wealth. The manager's own utility…

Portfolio Management · Quantitative Finance 2015-02-24 Maxim Bichuch , Stephan Sturm

We maximize the expected utility of terminal wealth in an incomplete market where there are cone constraints on the investor's portfolio process and the utility function is not assumed to be strictly concave or differentiable. We establish…

Computational Finance · Quantitative Finance 2010-10-21 Nicholas Westray , Harry Zheng

In this paper we find tight sufficient conditions for the continuity of the value of the utility maximization problem from terminal wealth with respect to the convergence in distribution of the underlying processes. We also establish a weak…

Mathematical Finance · Quantitative Finance 2020-06-19 Erhan Bayraktar , Yan Dolinsky , Jia Guo

In the context of structured nonconvex optimization, we estimate the increase in minimum value for a decision that is robust to parameter perturbations as compared to the value of a nominal problem. The estimates rely on detailed…

Optimization and Control · Mathematics 2022-11-22 Johannes O. Royset

In this paper we consider minimizers for nonlocal energy functionals generalizing elastic energies that are connected with the theory of peridynamics \cite{Silling2000} or nonlocal diffusion models \cite{Rossi}. We derive nonlocal versions…

Analysis of PDEs · Mathematics 2019-02-06 Mikil D. Foss , Petronela Radu , Cory Wright

Approximations of functions with finite data often do not respect certain "structural" properties of the functions. For example, if a given function is non-negative, a polynomial approximation of the function is not necessarily also…

Numerical Analysis · Mathematics 2020-08-20 Vidhi Zala , Robert M. Kirby , Akil Narayan

In this article, we present a concavity property of the minimal $L^2$ integrals related to multiplier ideal sheaves with Lebesgue measurable gain. As applications, we give necessary conditions for our concavity degenerating to linearity,…

Complex Variables · Mathematics 2022-11-02 Qi'an Guan , Zheng Yuan

This article deals with the lower compactness property of a sequence of integrands and the use of this key notion in various domains: convergence theory, optimal control, non-smooth analysis. First about the interchange of the weak…

Optimization and Control · Mathematics 2015-06-22 Emmanuel Giner

Consider a service system where incoming tasks are instantaneously dispatched to one out of many heterogeneous server pools. Associated with each server pool is a concave utility function which depends on the class of the server pool and…

Probability · Mathematics 2024-02-13 Diego Goldsztajn , Sem C. Borst , Johan S. H. van Leeuwaarden

We develop a technique for establishing lower bounds on the sample complexity of Least Squares (or, Empirical Risk Minimization) for large classes of functions. As an application, we settle an open problem regarding optimality of Least…

Statistics Theory · Mathematics 2020-06-09 Gil Kur , Alexander Rakhlin , Adityanand Guntuboyina

Minimax optimization has become a central tool in machine learning with applications in robust optimization, reinforcement learning, GANs, etc. These applications are often nonconvex-nonconcave, but the existing theory is unable to identify…

Optimization and Control · Mathematics 2021-04-02 Benjamin Grimmer , Haihao Lu , Pratik Worah , Vahab Mirrokni

In this paper, we analyze the mirror descent algorithm for non-smooth optimization problems in which the objective function is relatively strongly convex, without relying on the standard Lipschitz continuity assumption commonly used in the…

Optimization and Control · Mathematics 2026-03-03 Mohammad S. Alkousa , Fedor S. Stonyakin
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