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Stochastic volatility models, where the volatility is a stochastic process, can capture most of the essential stylized facts of implied volatility surfaces and give more realistic dynamics of the volatility smile/skew. However, they come…

Computational Finance · Quantitative Finance 2023-09-26 Abir Sridi , Paul Bilokon

Bringing deep neural networks (DNNs) into safety critical applications such as automated driving, medical imaging and finance, requires a thorough treatment of the model's uncertainties. Training deep neural networks is already resource…

Computer Vision and Pattern Recognition · Computer Science 2022-05-31 Julian Burghoff , Robin Chan , Hanno Gottschalk , Annika Muetze , Tobias Riedlinger , Matthias Rottmann , Marius Schubert

This paper addresses the problem of nearly optimal Vapnik--Chervonenkis dimension (VC-dimension) and pseudo-dimension estimations of the derivative functions of deep neural networks (DNNs). Two important applications of these estimations…

Machine Learning · Computer Science 2023-05-16 Yahong Yang , Haizhao Yang , Yang Xiang

This paper studies the approximation capacity of neural networks with an arbitrary activation function and with norm constraint on the weights. Upper and lower bounds on the approximation error of these networks are computed for smooth…

Numerical Analysis · Mathematics 2025-12-24 Francesco Paolo Maiale , Anastasiia Trofimova , Arturo De Marinis

This paper proposes a sensitivity analysis framework based on set valued mapping for deep neural networks (DNN) to understand and compute how the solutions (model weights) of DNN respond to perturbations in the training data. As a DNN may…

Machine Learning · Computer Science 2024-12-17 Xin Wang , Feilong Wang , Xuegang Ban

We study approximation and statistical learning properties of deep ReLU networks under structural assumptions that mitigate the curse of dimensionality. We prove minimax-optimal uniform approximation rates for $s$-H\"older smooth functions…

Statistics Theory · Mathematics 2026-02-06 Thomas Nagler , Sophie Langer

The quadratic rough Heston model provides a natural way to encode Zumbach effect in the rough volatility paradigm. We apply multi-factor approximation and use deep learning methods to build an efficient calibration procedure for this model.…

Computational Finance · Quantitative Finance 2022-05-31 Mathieu Rosenbaum , Jianfei Zhang

We propose a deep neural-operator framework for a general class of probability models. Under global Lipschitz conditions on the operator over the entire Euclidean space-and for a broad class of probabilistic models-we establish a universal…

Machine Learning · Computer Science 2025-11-11 Erhan Bayraktar , Qi Feng , Zecheng Zhang , Zhaoyu Zhang

Optimal decision-making in social settings is often based on forecasts from time series (TS) data. Recently, several approaches using deep neural networks (DNNs) such as recurrent neural networks (RNNs) have been introduced for TS…

Machine Learning · Computer Science 2020-11-17 Philippe Chatigny , Jean-Marc Patenaude , Shengrui Wang

Nonparametric mean function regression with repeated measurements serves as a cornerstone for many statistical branches, such as longitudinal/panel/functional data analysis. In this work, we investigate this problem using fully connected…

Statistics Theory · Mathematics 2025-02-27 Shunxing Yan , Fang Yao , Hang Zhou

Estimation of a regression function from independent and identically distributed random variables is considered. The $L_2$ error with integration with respect to the design measure is used as an error criterion. Over-parametrized deep…

Statistics Theory · Mathematics 2022-10-05 Michael Kohler , Adam Krzyzak

This paper investigates the approximation properties of deep neural networks with piecewise-polynomial activation functions. We derive the required depth, width, and sparsity of a deep neural network to approximate any H\"{o}lder smooth…

Numerical Analysis · Mathematics 2022-12-06 Denis Belomestny , Alexey Naumov , Nikita Puchkin , Sergey Samsonov

Complex-valued neural networks (CVNNs) have recently shown promising empirical success, for instance for increasing the stability of recurrent neural networks and for improving the performance in tasks with complex-valued inputs, such as in…

Functional Analysis · Mathematics 2023-10-31 Paul Geuchen , Felix Voigtlaender

We construct a deep learning-based numerical algorithm to solve path-dependent partial differential equations arising in the context of rough volatility. Our approach is based on interpreting the PDE as a solution to an BSDE, building upon…

Pricing of Securities · Quantitative Finance 2026-02-03 Antoine Jacquier , Zan Zuric

We investigate the potential of applying (D)NN ((deep) neural networks) for approximating nonlinear mappings arising in the finite element discretization of nonlinear PDEs (partial differential equations). As an application, we apply the…

Numerical Analysis · Mathematics 2019-11-14 Tuyen Tran , Aidan Hamilton , Maricela Best McKay , Benjamin Quiring , Panayot S. Vassilevski

We develop a deep learning algorithm for constructing globally accurate approximations to functional rational expectations equilibria of dynamic stochastic economies in the sequence space. We use deep neural networks to parameterize key…

General Economics · Economics 2026-03-17 Marlon Azinovic-Yang , Jan Žemlička

There has been a significant recent surge in deep neural network (DNN) techniques. Most of the existing DNN techniques have restricted model formats/assumptions. To overcome their limitations, we propose the nonparametric transformation…

Methodology · Statistics 2024-10-28 Tong Wang , Shunqin Zhang , Sanguo Zhang , Jian Huang , Shuangge Ma

Understanding deep neural networks (DNNs) is a key challenge in the theory of machine learning, with potential applications to the many fields where DNNs have been successfully used. This article presents a scaling limit for a DNN being…

Statistics Theory · Mathematics 2019-06-04 Dyego Araújo , Roberto I. Oliveira , Daniel Yukimura

Deep Neural Networks (DNNs) rely on inherent fluctuations in their internal parameters (weights and biases) to effectively navigate the complex optimization landscape and achieve robust performance. While these fluctuations are recognized…

Machine Learning · Computer Science 2025-11-14 Darsh Pareek , Umesh Kumar , Ruthu Rao , Ravi Janjam

In recent years, neural networks have achieved remarkable progress in various fields and have also drawn much attention in applying them on scientific problems. A line of methods involving neural networks for solving partial differential…

Numerical Analysis · Mathematics 2025-05-20 Xianliang Xu , Ye Li , Zhongyi Huang
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