Related papers: Robbed withdrawal
This paper shows how we can build a model for transactions when goods are given away in the expectation of a later settlement. In settings where people keep track of their social accounts we are able to redefine concepts like account…
This paper has been withdrawn due to a crucial theoretical error.
In [1] Zawadoski introduces a banking network model in which the asset and counter-party risks are treated separately and the banks hedge their assets risks by appropriate OTC contracts. In his model, each bank has only two counter-party…
We find it absurd that Walliser [1] essentially used the same analysis and obtained identical results as reported in [3], yet arrived at different conclusions. Namely, based on an incomplete theory and using erroneous arguments, he not only…
Conformal defects -- extended objects in conformal field theories -- carry localised excitations inherited from symmetry currents, known as the displacements and tilts. They capture the linear response of the defect to deformations of its…
Decentralised exchanges (DEXs) have transformed trading by enabling trustless, permissionless transactions, yet they face significant challenges such as impermanent loss and slippage, which undermine profitability for liquidity providers…
We give a short proof of Theorem 2.1 from [MR07], stating that the linearly edge reinforced random walk (ERRW) on a locally finite graph is recurrent if and only if it returns to its starting point almost surely. This result was proved in…
We consider the one-armed bandit problem of Woodroofe [J. Amer. Statist. Assoc. 74 (1979) 799--806], which involves sequential sampling from two populations: one whose characteristics are known, and one which depends on an unknown parameter…
The paper demonstrates that falsifiability is fundamental to learning. We prove the following theorem for statistical learning and sequential prediction: If a theory is falsifiable then it is learnable -- i.e. admits a strategy that…
It is shown that if $\lambda$ is a multiple of a fundamental weight of $\mathfrak{sl}_k$, the lower global basis of the irreducible $U_q(\mathfrak{sl}_k)$-representation $V^{\lambda}$ with highest weight $\lambda$ comprises the disjoint…
We study several aspects of the so-called low-vol and low-beta anomalies, some already documented (such as the universality of the effect over different geographical zones), others hitherto not clearly discussed in the literature. Our most…
In this work, we investigate a biased dollar exchange model with collective debt limit, in which agents picked at random (with a rate depending on the amount of dollars they have) give at random time a dollar to another agent being picked…
In traditional banking, repeated deposit-and-lend cycles let a single dollar of reserves support multiple dollars of claims. Decentralized finance produces an analogous structure with tokens. Constructing a Token Graph of 10,200 tokens…
The profit and loss (p&l) attrition for each business year into different risk or risk factors (e.g., interest rates, credit spreads, foreign exchange rate etc.) is a regulatory requirement, e.g., under Solvency 2. Three different…
Wang et al. [1] demonstrated different power transmission coefficients for forward and backward propagation in simulation and experiment. From such a demonstration, the central claim of their paper is that "the spatial inversion symmetry…
Let $X = (X_1, X_2)$ be a 2-dimensional random variable and $X(n), n \in \mathbb{N}$ a sequence of i.i.d. copies of $X$. The associated random walk is $S(n)= X(1) + \cdots +X(n)$. The corresponding absorbed-reflected walk $W(n), n \in…
Dr. Brizard's comment on my work is based on a conceived procedure that does not come from my work. The defense of his claim that the modification of the so-called standard Lie's transform theory is unnecessary is also unsupported. This…
We present a new recommendation setting for picking out two items from a given set to be highlighted to a user, based on contextual input. These two items are presented to a user who chooses one of them, possibly stochastically, with a bias…
We illustrate through example 1 and 2 that the condition at theorem 1 in [8] dissatisfies necessity, and the converse proposition of fact 1.1 in [8] does not hold, namely the condition Z/M - L/Ak < 1/(2 Ak^2) is not sufficient for f(i) +…
Distribution shifts introduce uncertainty that undermines the robustness and generalization capabilities of machine learning models. While conventional wisdom suggests that learning causal-invariant representations enhances robustness to…