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For non-uniformly hyperbolic dynamical systems we consider the time series of maxima along typical orbits. Using ideas based upon quantitative recurrence time statistics we prove convergence of the maxima (under suitable normalization) to…

Dynamical Systems · Mathematics 2015-09-11 Mark Holland , Pau Rabassa , Alef Sterk

We estimate contrasts $\int_0 ^1 \rho(F^{-1}(u)-G^{-1}(u))du$ between two continuous distributions $F$ and $G$ on $\mathbb R$ such that the set $\{F=G\}$ is a finite union of intervals, possibly empty or $\mathbb{R}$. The non-negative…

Probability · Mathematics 2019-11-07 Philippe Berthet , Jean-Claude Fort

In this note, we derive a stability and weak-strong uniqueness principle for volume-preserving mean curvature flow. The proof is based on a new notion of volume-preserving gradient flow calibrations, which is a natural extension of the…

Analysis of PDEs · Mathematics 2022-09-29 Tim Laux

This work derives an approximate analytical single period solution of the portfolio choice problem for the power utility function. It is possible to do so if we consider that the asset returns follow a multivariate normal distribution. It…

Portfolio Management · Quantitative Finance 2021-10-13 Dmytro Ivasiuk

A new approach to prove weak convergence of random polytopes on the space of compact convex sets is presented. This is used to show that the profile of the rescaled Schl\"afli random cone of a random conical tessellation generated by $n$…

Probability · Mathematics 2023-06-22 Zakhar Kabluchko , Daniel Temesvari , Christoph Thäle

In this paper, we revisit the relationship between investors' utility functions and portfolio allocation rules. We derive portfolio allocation rules for asymmetric Laplace distributed $ALD(\mu,\sigma,\kappa)$ returns and compare them with…

Portfolio Management · Quantitative Finance 2023-11-14 Maxime Markov , Vladimir Markov

The extremes of a stationary time series typically occur in clusters. A primary measure for this phenomenon is the extremal index, representing the reciprocal of the expected cluster size. Both a disjoint and a sliding blocks estimator for…

Statistics Theory · Mathematics 2017-07-14 Betina Berghaus , Axel Bücher

A new class of probability distributions closely connected to generalized hyperbolic distributions is introduced. It is more adapted to study the distributions of sums of random number of random variables. The properties of these…

Probability · Mathematics 2015-02-10 Lev B. Klebanov , Svetlozar T. Rachev

The morphology of galaxy clusters reflects the epoch at which they formed and hence depends on the value of the mean cosmological density, Omega. Recent studies have shown that the distribution of dark matter in clusters can be mapped from…

Astrophysics · Physics 2015-06-24 Gillian Wilson , Shaun Cole , Carlos S. Frenk

This work deals with the asymptotic distribution of both potentials and couplings of entropic regularized optimal transport for compactly supported probabilities in $\R^d$. We first provide the central limit theorem of the Sinkhorn…

Probability · Mathematics 2024-06-06 Alberto Gonzalez-Sanz , Jean-Michel Loubes , Jonathan Niles-Weed

Given a convergence theorem in analysis, under very general conditions a model-theoretic compactness argument implies that there is a uniform bound on the rate of metastability. We illustrate with three examples from ergodic theory.

Functional Analysis · Mathematics 2013-10-17 Jeremy Avigad , José Iovino

The {\it curvature} and the {\it reduced curvature} are basic differential invariants of the pair: (Hamiltonian system, Lagrange distribution) on the symplectic manifold. We show that negativity of the curvature implies that any bounded…

Dynamical Systems · Mathematics 2007-05-23 Andrei A. Agrachev , Natalia N. Chtcherbakova

We investigate three aspects of weak* convergence of the $n$-step distributions of random walks on finite volume homogeneous spaces $G/\Gamma$ of semisimple real Lie groups. First, we look into the obvious obstruction to the upgrade from…

Dynamical Systems · Mathematics 2024-05-02 Roland Prohaska

In this paper we study utility maximization with proportional transaction costs. Assuming extended weak convergence of the underlying processes we prove the convergence of the corresponding utility maximization problems. Moreover, we…

Mathematical Finance · Quantitative Finance 2020-07-02 Erhan Bayraktar , Leonid Dolinskyi , Yan Dolinsky

A note on the property of weak contraction, which implies that all bounded solutions of a nonlinear system converge to a (possibly non-unique) equilibrium. We provide some simple results about interconnections of such systems, and a brief…

Optimization and Control · Mathematics 2015-10-13 Ian R. Manchester , Jean-Jacques E. Slotine

We present a novel and accurate approximation for the distribution of the sum of equally correlated Nakagami-m variates. Ascertaining on this result we study the performance of Equal Gain Combining (EGC) receivers, operating over equally…

Information Theory · Computer Science 2009-08-26 Zoran Hadzi-Velkov , Nikola Zlatanov , George K. Karagiannidis

We measure the distribution of velocity dispersions of groups of galaxies identified in the UZC catalog; we use the distribution to derive the group mass function. We introduce a new method which makes efficient use of the entire magnitude…

Astrophysics · Physics 2009-11-10 Armando Pisani , Massimo Ramella , Margaret J. Geller

Motivated in part by understanding average case analysis of fundamental algorithms in computer science, and in part by the wide array of network data available over the last decade, a variety of random graph models, with corresponding…

Probability · Mathematics 2024-03-05 Sayan Banerjee , Shankar Bhamidi , Jianan Shen , Seth Parker Young

We study mean-risk optimal portfolio problems where risk is measured by Recovery Average Value at Risk, a prominent example in the class of recovery risk measures. We establish existence results in the situation where the joint distribution…

Portfolio Management · Quantitative Finance 2023-03-03 Cosimo Munari , Justin Plückebaum , Stefan Weber

We study the well-known problem of estimating a sparse $n$-dimensional unknown mean vector $\theta = (\theta_1, ..., \theta_n)$ with entries corrupted by Gaussian white noise. In the Bayesian framework, continuous shrinkage priors which can…

Statistics Theory · Mathematics 2018-07-10 Ray Bai , Malay Ghosh
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