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The paper investigates the robust distortion risk measure with linear penalty function under distribution uncertainty. The distribution uncertainties are characterized by predetermined moment conditions or constraints on the Wasserstein…

Risk Management · Quantitative Finance 2025-03-21 Yuxin Du , Dejian Tian , Hui Zhang

It is well known that a random vector with given marginal distributions is comonotonic if and only if it has the largest sum with respect to the convex order [ Kaas, Dhaene, Vyncke, Goovaerts, Denuit (2002), A simple geometric proof that…

Risk Management · Quantitative Finance 2016-05-10 Chuancun Yin , Dan Zhu

Machine learning typically presupposes classical probability theory which implies that aggregation is built upon expectation. There are now multiple reasons to motivate looking at richer alternatives to classical probability theory as a…

Machine Learning · Computer Science 2024-01-30 Christian Fröhlich , Robert C. Williamson

Generalized equations are problems emerging in contexts of modern variational analysis as an adequate formalism to treat such issues as constraint systems, optimality and equilibrium conditions, variational inequalities, differential…

Optimization and Control · Mathematics 2018-12-06 A Uderzo

Within the context of capital adequacy, we study comonotonicity of risk measures in terms of the primitives of the theory: acceptance sets and eligible, or reference, assets. We show that comonotonicity cannot be characterized by the…

Risk Management · Quantitative Finance 2021-01-21 Pablo Koch-Medina , Cosimo Munari , Gregor Svindland

This article deals with the generalization performance of margin multi-category classifiers, when minimal learnability hypotheses are made. In that context, the derivation of a guaranteed risk is based on the handling of capacity measures…

Machine Learning · Computer Science 2020-09-17 Yann Guermeur

A practical limitation of cluster randomized controlled trials (cRCTs) is that the number of available clusters may be small, resulting in an increased risk of baseline imbalance under simple randomization. Constrained randomization…

Methodology · Statistics 2022-01-19 Yunji Zhou , Elizabeth L. Turner , Ryan A. Simmons , Fan Li

In this article we study the expanding properties of random perturbations of contracting Lorenz maps satisfying the summability condition of exponent 1. Under general conditions on the maps and perturbation types, we prove stochastic…

Dynamical Systems · Mathematics 2026-04-10 Haoyang Ji

We introduce a novel framework to account for sensitivity to rewards uncertainty in sequential decision-making problems. While risk-sensitive formulations for Markov decision processes studied so far focus on the distribution of the…

Machine Learning · Computer Science 2020-09-16 Nelson Vadori , Sumitra Ganesh , Prashant Reddy , Manuela Veloso

Convexity and quasiconvexity are two properties that capture the concept of diversification for risk measures. Between the two, there is natural quasiconvexity, an old but not so well-known property weaker than convexity but stronger than…

Mathematical Finance · Quantitative Finance 2022-01-19 Çağın Ararat , Barış Bilir , Elisa Mastrogiacomo

We investigate the conditions under which the space of bounded harmonic functions of a probability measure $\mu$ on a group $G$ is contained in that of another measure $\theta$. We establish that asymptotic commutativity, defined by the…

Probability · Mathematics 2026-01-27 Yair Hartman , Aranka Hrušková , Omer Segev

In causal inference, estimating the average treatment effect is a central objective, and in the context of competing risks data, this effect can be quantified by the cause-specific cumulative incidence function (CIF) difference. While…

Methodology · Statistics 2026-03-27 Yifei Tian , Ying Wu

We model chaotic diffusion, in a symplectic 4D map by using the result of a theorem that was developed for stochastically perturbed integrable Hamiltonian systems. We explicitly consider a map defined by a free rotator (FR) coupled to a…

Chaotic Dynamics · Physics 2015-06-17 Martín F. Mestre , Armando Bazzani , Pablo M. Cincotta , Claudia M. Giordano

In this paper, an optimization problem with uncertain constraint coefficients is considered. Possibility theory is used to model the uncertainty. Namely, a joint possibility distribution in constraint coefficient realizations, called…

Optimization and Control · Mathematics 2023-09-07 Romain Guillaume , Adam Kasperski , Pawel Zielinski

In this paper, we focus on efficient risk-sharing rules for the concave dominance order. For a univariate risk, it follows from a comonotone dominance principle, due to Landsberger and Meilijson [25], that efficiency is characterized by a…

Optimization and Control · Mathematics 2011-09-20 Guillaume Carlier , Rose-Anne Dana , Alfred Galichon

To provide a solid analytic foundation for the module approach to conditional risk measures, this paper establishes a complete random convex analysis over random locally convex modules by simultaneously considering the two kinds of…

Functional Analysis · Mathematics 2013-08-03 Tiexin Guo , Shien Zhao , Xiaolin Zeng

An effective characterization of chaotic conservative Hamiltonian systems in terms of the curvature associated with a Riemannian metric tensor derived from the structure of the Hamiltonian has been extended to a wide class of potential…

Chaotic Dynamics · Physics 2015-05-18 Yossi Ben Zion , Lawrence Horwitz

We establish a dilation-theoretic characterization of the Choquet order on the space of measures on a compact convex set using ideas from the theory of operator algebras. This yields an extension of Cartier's dilation theorem to the…

Operator Algebras · Mathematics 2021-05-03 Kenneth R. Davidson , Matthew Kennedy

We consider the cosmology where some function f(G) of the Gauss-Bonnet term G is added to the gravitational action to account for the late-time accelerating expansion of the universe. The covariant and gauge invariant perturbation equations…

General Relativity and Quantum Cosmology · Physics 2008-11-26 Baojiu Li , John D. Barrow , David F. Mota

Perturbation theory of vacuum spherically-symmetric spacetimes (including the cosmological constant) has greatly contributed to the understanding of black holes, relativistic compact stars and even inhomogeneous cosmological models. The…

General Relativity and Quantum Cosmology · Physics 2024-02-16 Michele Lenzi , Carlos F. Sopuerta