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We obtain an exact necessary and sufficient condition for the existence and uniqueness of equilibrium asset prices in infinite horizon, discrete-time, arbitrage free environments. Through several applications we show how the condition…

General Finance · Quantitative Finance 2021-03-01 Jaroslav Borovicka , John Stachurski

Recently, there has been a surge of research on a class of methods called feedback optimization. These are methods to steer the state of a control system to an equilibrium that arises as the solution of an optimization problem. Despite the…

Optimization and Control · Mathematics 2026-02-18 Giannis Delimpaltadakis , Pol Mestres , Jorge Cortés , W. P. M. H. Heemels

This work addresses the classic machine learning problem of online prediction with expert advice. We consider the finite-horizon version of this zero-sum, two-person game. Using verification arguments from optimal control theory, we view…

Machine Learning · Computer Science 2020-06-30 Vladimir A. Kobzar , Robert V. Kohn , Zhilei Wang

This article derives lower bounds on the supremal (strict) p-negative type of finite metric spaces using purely elementary techniques. The bounds depend only on the cardinality and the (scaled) diameter of the underlying finite metric…

Functional Analysis · Mathematics 2008-07-18 Anthony Weston

The inevitable accumulation of errors in near-future quantum devices represents a key obstacle in delivering practical quantum advantages, motivating the development of various quantum error-mitigation methods. Here, we derive fundamental…

Quantum Physics · Physics 2022-09-23 Ryuji Takagi , Suguru Endo , Shintaro Minagawa , Mile Gu

Minimax optimization problems arises from both modern machine learning including generative adversarial networks, adversarial training and multi-agent reinforcement learning, as well as from tradition research areas such as saddle point…

Optimization and Control · Mathematics 2020-04-22 Yu-HOng Dai , Liwei Zhang

This paper provides necessary and sufficient optimality conditions for abstract constrained mathematical programming problems in locally convex spaces under new qualification conditions. Our approach exploits the geometrical properties of…

Optimization and Control · Mathematics 2023-02-10 Rafael Correa , Marco A. López , Pedro Pérez-Aros

Maximal inequalities refer to bounds on expected values of the supremum of averages of random variables over a collection. They play a crucial role in the study of non-parametric and high-dimensional estimators, and especially in the study…

Probability · Mathematics 2025-04-28 Supratik Basu , Arun K Kuchibhotla

We consider a problem of optimal investment with intermediate consumption in the framework of an incomplete semimartingale model of a financial market. We show that a necessary and sufficient condition for the validity of key assertions of…

Portfolio Management · Quantitative Finance 2012-07-17 Oleksii Mostovyi

Using exhaustion method and finite differences a new method to solve system of partial differential equations and is presented. This method allows design algorithm to solve linear and nonlinear systems in irregular domains. Applying this…

Numerical Analysis · Mathematics 2025-04-10 Miriam Sosa-Díaz , Faustino Sanchez-Garduno

Bruss's odds theorem \cite{Bruss1} addresses the problem of determining the optimal stopping time for sequences of independent indicator functions. In this note, we derive upper and lower bounds for the success probability under the optimal…

Probability · Mathematics 2025-11-27 A. M. Kabaeva , A. V. Logachov , A. A. Yambartsev

Variational quantum time evolution allows us to simulate the time dynamics of quantum systems with near-term compatible quantum circuits. Due to the variational nature of this method the accuracy of the simulation is a priori unknown. We…

Quantum Physics · Physics 2023-10-25 Christa Zoufal , David Sutter , Stefan Woerner

We consider finite element solutions to optimization problems, where the state depends on the possibly constrained control through a linear partial differential equation. Basing upon a reduced and rescaled optimality system, we derive a…

Numerical Analysis · Mathematics 2025-03-18 Fernando Gaspoz , Christian Kreuzer , Andreas Veeser , Winnifried Wollner

We systematically introduce an approach to the analysis and (numerical) solution of a broad class of nonlinear unconstrained optimal control problems, involving ordinary and distributed systems. Our approach relies on exact representations…

Optimization and Control · Mathematics 2025-02-04 Nikolay Pogodaev , Maxim Staritsyn

Topology optimization has matured to become a powerful engineering design tool that is capable of designing extraordinary structures and materials taking into account various physical phenomena. Despite the method's great advancements in…

Computational Engineering, Finance, and Science · Computer Science 2024-10-29 Anna Dalklint , Rasmus E. Christiansen , Ole Sigmund

Let $H$ be a real Hilbert space. In this short note, using some of the properties of bounded linear operators with closed range defined on $H$, certain bounds for a specific convex subset of the solution set of infinite linear…

Functional Analysis · Mathematics 2020-06-30 Projesh Nath Choudhury , M. Rajesh Kannan , K. C. Sivakumar

Finding the minimal relative entropy of two quantum states under semidefinite constraints is a pivotal problem located at the mathematical core of various applications in quantum information theory. An efficient method for providing…

Quantum Physics · Physics 2026-02-02 Gereon Koßmann , René Schwonnek

Optimality conditions in the form of a variational inequality are proved for a class of constrained optimal control problems of stochastic differential equations. The cost function and the inequality constraints are functions of the…

Optimization and Control · Mathematics 2018-02-13 Laurent Pfeiffer

The problem of capacity achieving (optimal) input probability measures has been widely investigated for several channel models with constrained inputs. So far, no outstanding generalizations have been derived. This paper does a forward step…

Information Theory · Computer Science 2014-11-11 Vincenzo Zambianchi , Enrico Paolini , Davide Dardari

We show that necessary and sufficient conditions of optimality in periodic optimization problems can be stated in terms of a solution of the corresponding HJB inequality, the latter being equivalent to a max-min type variational problem…

Optimization and Control · Mathematics 2013-09-10 Vladimir Gaitsgory , Ludmila Manic