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Related papers: Measures of Variability for Risk-averse Policy Gra…

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Optimizing static risk-averse objectives in Markov decision processes is difficult because they do not admit standard dynamic programming equations common in Reinforcement Learning (RL) algorithms. Dynamic programming decompositions that…

Optimization and Control · Mathematics 2024-07-04 Jia Lin Hau , Erick Delage , Mohammad Ghavamzadeh , Marek Petrik

Safe reinforcement learning (Safe RL) aims to ensure policy performance while satisfying safety constraints. However, most existing Safe RL methods assume benign environments, making them vulnerable to adversarial perturbations commonly…

Machine Learning · Computer Science 2026-02-19 Jialiang Fan , Shixiong Jiang , Mengyu Liu , Fanxin Kong

It's regarded as an axiom that a good model is one that compromises between bias and variance. The bias is measured in training cost, while the variance of a (say, regression) model is measure by the cost associated with a validation set.…

Machine Learning · Computer Science 2021-10-07 Joseph R. Barr , Peter Shaw , Marcus Sobel

A new realized conditional autoregressive Value-at-Risk (VaR) framework is proposed, through incorporating a measurement equation into the original quantile regression model. The framework is further extended by employing various Expected…

Risk Management · Quantitative Finance 2021-01-18 Chao Wang , Richard Gerlach , Qian Chen

Inverse reinforcement learning (IRL) seeks to learn the reward function from expert trajectories, to understand the task for imitation or collaboration thereby removing the need for manual reward engineering. However, IRL in the context of…

Machine Learning · Computer Science 2023-11-13 Yikang Gui , Prashant Doshi

We study issues of robustness in the context of Quantitative Risk Management and Optimization. We develop a general methodology for determining whether a given risk measurement related optimization problem is robust, which we call…

Risk Management · Quantitative Finance 2021-02-12 Paul Embrechts , Alexander Schied , Ruodu Wang

Benchmark rankings are routinely used to justify scientific claims about method quality in gene regulatory network (GRN) inference, yet the stability of these rankings under plausible evaluation protocol choices is rarely examined. We…

Molecular Networks · Quantitative Biology 2026-03-05 Ihor Kendiukhov

Under losses which are potentially heavy-tailed, we consider the task of minimizing sums of the loss mean and standard deviation, without trying to accurately estimate the variance. By modifying a technique for variance-free robust mean…

Machine Learning · Statistics 2024-02-12 Matthew J. Holland

The entropic value-at-risk (EVaR) is a new coherent risk measure, which is an upper bound for both the value-at-risk (VaR) and conditional value-at-risk (CVaR). As important properties, the EVaR is strongly monotone over its domain and…

Portfolio Management · Quantitative Finance 2020-04-17 Amir Ahmadi-Javid , Malihe Fallah-Tafti

We propose risk-sensitive reinforcement learning algorithms catering to three families of risk measures, namely expectiles, utility-based shortfall risk and optimized certainty equivalent risk. For each risk measure, in the context of a…

Machine Learning · Computer Science 2026-02-11 Sumedh Gupte , Shrey Rakeshkumar Patel , Soumen Pachal , Prashanth L. A. , Sanjay P. Bhat

Robust Markov Decision Processes (RMDPs) have received significant research interest, offering an alternative to standard Markov Decision Processes (MDPs) that often assume fixed transition probabilities. RMDPs address this by optimizing…

Machine Learning · Computer Science 2024-05-06 Xinyi Ni , Lifeng Lai

We propose a novel approach for domain generalisation (DG) leveraging risk distributions to characterise domains, thereby achieving domain invariance. In our findings, risk distributions effectively highlight differences between training…

Machine Learning · Computer Science 2023-10-31 Toan Nguyen , Kien Do , Bao Duong , Thin Nguyen

Reinforcement learning with verifiable rewards (RLVR) scales the reasoning ability of large language models (LLMs) but remains bottlenecked by limited labeled samples for continued data scaling. Reinforcement learning with intrinsic rewards…

Machine Learning · Computer Science 2025-10-13 Chuyi Tan , Peiwen Yuan , Xinglin Wang , Yiwei Li , Shaoxiong Feng , Yueqi Zhang , Jiayi Shi , Ji Zhang , Boyuan Pan , Yao Hu , Kan Li

Policy evaluation is a core component of many reinforcement learning (RL) algorithms and a critical tool for ensuring safe deployment of RL policies. However, existing policy evaluation methods often suffer from high variance or bias. To…

Artificial Intelligence · Computer Science 2026-03-23 Shripad Vilasrao Deshmukh , Will Schwarzer , Scott Niekum

Inverse reinforcement learning (IRL) aims to infer an agent's preferences (represented as a reward function $R$) from their behaviour (represented as a policy $\pi$). To do this, we need a behavioural model of how $\pi$ relates to $R$. In…

Machine Learning · Computer Science 2024-03-12 Joar Skalse , Alessandro Abate

RL with Verifiable Rewards (RLVR) has emerged as a promising paradigm for improving the reasoning abilities of large language models (LLMs). Current methods rely primarily on policy optimization frameworks like PPO and GRPO, which follow…

Machine Learning · Computer Science 2025-09-30 Haoran He , Yuxiao Ye , Qingpeng Cai , Chen Hu , Binxing Jiao , Daxin Jiang , Ling Pan

Reinforcement Learning (RL) is a widely employed technique in decision-making problems, encompassing two fundamental operations -- policy evaluation and policy improvement. Enhancing learning efficiency remains a key challenge in RL, with…

Machine Learning · Computer Science 2024-05-15 Yiwen Zhu , Jinyi Liu , Wenya Wei , Qianyi Fu , Yujing Hu , Zhou Fang , Bo An , Jianye Hao , Tangjie Lv , Changjie Fan

The literature on Inverse Reinforcement Learning (IRL) typically assumes that humans take actions in order to minimize the expected value of a cost function, i.e., that humans are risk neutral. Yet, in practice, humans are often far from…

Artificial Intelligence · Computer Science 2018-03-23 Sumeet Singh , Jonathan Lacotte , Anirudha Majumdar , Marco Pavone

The policy gradient approach is a flexible and powerful reinforcement learning method particularly for problems with continuous actions such as robot control. A common challenge in this scenario is how to reduce the variance of policy…

Machine Learning · Computer Science 2013-01-18 Tingting Zhao , Hirotaka Hachiya , Voot Tangkaratt , Jun Morimoto , Masashi Sugiyama

The quantification and inference of predictive importance for exposure covariates have recently gained significant attention in the context of interpretable machine learning. Contemporary scientific investigations often involve data…

Methodology · Statistics 2024-12-31 Zitao Wang , Nian Si , Zijian Guo , Molei Liu
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