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As personal data have been the new oil of the digital era, there is a growing trend perceiving personal data as a commodity. Although some people are willing to trade their personal data for money, they might still expect limited privacy…

Cryptography and Security · Computer Science 2019-10-25 Shuyuan Zheng , Yang Cao , Masatoshi Yoshikawa

This paper develops a robust mathematical framework for Constant Function Market Makers (CFMMs) by transitioning from traditional token reserve analyses to a coordinate system defined by price and intrinsic liquidity. We establish a…

Mathematical Finance · Quantitative Finance 2026-03-03 Jimmy Risk , Shen-Ning Tung , Tai-Ho Wang

While pursuing better utility by discovering knowledge from the data, individual's privacy may be compromised during an analysis. To that end, differential privacy has been widely recognized as the state-of-the-art privacy notion. By…

Cryptography and Security · Computer Science 2022-09-07 Meisam Mohammady

Blockchains have popularized automated market makers (AMMs). An AMM exchange is an application running on a blockchain which maintains a pool of crypto-assets and automatically trades assets with users governed by some pricing function that…

Computer Science and Game Theory · Computer Science 2025-09-16 T-H. Hubert Chan , Ke Wu , Elaine Shi

In this paper, we first present a volumetric privacy measure for dynamical systems with bounded disturbances, wherein the states of the system contain private information and an adversary with access to sensor measurements attempts to infer…

Systems and Control · Electrical Eng. & Systems 2025-10-29 Chuanghong Weng , Ehsan Nekouei

Train machine learning models on sensitive user data has raised increasing privacy concerns in many areas. Federated learning is a popular approach for privacy protection that collects the local gradient information instead of real data.…

Cryptography and Security · Computer Science 2021-05-24 Lichao Sun , Jianwei Qian , Xun Chen

The society's insatiable appetites for personal data are driving the emergency of data markets, allowing data consumers to launch customized queries over the datasets collected by a data broker from data owners. In this paper, we study how…

Computational Engineering, Finance, and Science · Computer Science 2019-12-02 Chaoyue Niu , Zhenzhe Zheng , Fan Wu , Shaojie Tang , Guihai Chen

In the ever evolving landscape of decentralized finance automated market makers (AMMs) play a key role: they provide a market place for trading assets in a decentralized manner. For so-called bluechip pairs, arbitrage activity provides a…

Statistical Finance · Quantitative Finance 2025-05-16 Abe Alexander , Lars Fritz

We study differentially private (DP) machine learning algorithms as instances of noisy fixed-point iterations, in order to derive privacy and utility results from this well-studied framework. We show that this new perspective recovers…

Machine Learning · Computer Science 2023-07-13 Edwige Cyffers , Aurélien Bellet , Debabrota Basu

This paper is concerned with the security problem for interconnected systems, where each subsystem is required to detect local attacks using locally available information and the information received from its neighboring subsystems.…

Systems and Control · Electrical Eng. & Systems 2024-06-04 Haojun Wang , Kun Liu , Baojia Li , Emilia Fridman , Yuanqing Xia

Federated Learning (FL) is a novel privacy-protection distributed machine learning paradigm that guarantees user privacy and prevents the risk of data leakage due to the advantage of the client's local training. Researchers have struggled…

Machine Learning · Computer Science 2023-12-01 Kangkang Sun , Xiaojin Zhang , Xi Lin , Gaolei Li , Jing Wang , Jianhua Li

This paper studies optimal mechanisms for collecting and trading data. Consumers benefit from revealing information about their tastes to a service provider because this improves the service. However, the information is also valuable to a…

Theoretical Economics · Economics 2026-01-29 Jiadong Gu

This paper introduces a differentially private (DP) mechanism to protect the information exchanged during the coordination of sequential and interdependent markets. This coordination represents a classic Stackelberg game and relies on the…

Optimization and Control · Mathematics 2020-04-20 Ferdinando Fioretto , Lesia Mitridati , Pascal Van Hentenryck

This paper is a survey of recent work at the intersection of mechanism design and privacy. The connection is a natural one, but its study has been jump-started in recent years by the advent of differential privacy, which provides a…

Computer Science and Game Theory · Computer Science 2013-06-11 Mallesh Pai , Aaron Roth

Automated Market Makers (AMMs) are decentralized applications that allow users to exchange crypto-tokens without the need for a matching exchange order. AMMs are one of the most successful DeFi use cases: indeed, major AMM platforms process…

Cryptography and Security · Computer Science 2022-07-20 Massimo Bartoletti , James Hsin-yu Chiang , Alberto Lluch-Lafuente

Data is an increasingly vital component of decision making processes across industries. However, data access raises privacy concerns motivating the need for privacy-preserving techniques such as differential privacy. Data markets provide a…

Machine Learning · Computer Science 2024-12-04 Saurab Chhachhi , Fei Teng

Automated market makers (AMM) have grown to obtain significant market share within the cryptocurrency ecosystem, resulting in a proliferation of new products pursuing exotic strategies for horizontal differentiation. Yet, their theoretical…

Trading and Market Microstructure · Quantitative Finance 2021-05-07 Johannes Rude Jensen , Mohsen Pourpouneh , Kurt Nielsen , Omri Ross

Data publishing under privacy constraints can be achieved with mechanisms that add randomness to data points when released to an untrusted party, thereby decreasing the data's utility. In this paper, we analyze this privacy-utility tradeoff…

Information Theory · Computer Science 2024-08-28 Leonhard Grosse , Sara Saeidian , Tobias Oechtering

A key promise of machine learning is the ability to assist users with personal tasks. Because the personal context required to make accurate predictions is often sensitive, we require systems that protect privacy. A gold standard…

Machine Learning · Computer Science 2023-02-03 Simran Arora , Christopher Ré

To protect user privacy in data analysis, a state-of-the-art strategy is differential privacy in which scientific noise is injected into the real analysis output. The noise masks individual's sensitive information contained in the dataset.…

Cryptography and Security · Computer Science 2018-06-20 Xuan-Son Vu , Lili Jiang