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We study the problem of finding the worst-case joint distribution of a set of risk factors given prescribed multivariate marginals and a nonlinear loss function. We show that when the risk measure is CVaR, and the distributions are…

Risk Management · Quantitative Finance 2016-10-31 Amir Memartoluie , David Saunders , Tony Wirjanto

Meta learning automatically infers an inductive bias, that includes the hyperparameter of the base-learning algorithm, by observing data from a finite number of related tasks. This paper studies PAC-Bayes bounds on meta generalization gap.…

Machine Learning · Computer Science 2022-06-14 Arezou Rezazadeh

In this paper, we derive a PAC-Bayes bound on the generalisation gap, in a supervised time-series setting for a special class of discrete-time non-linear dynamical systems. This class includes stable recurrent neural networks (RNN), and the…

Machine Learning · Computer Science 2024-04-12 Deividas Eringis , John Leth , Zheng-Hua Tan , Rafal Wisniewski , Mihaly Petreczky

A learning method is self-certified if it uses all available data to simultaneously learn a predictor and certify its quality with a tight statistical certificate that is valid on unseen data. Recent work has shown that neural network…

Machine Learning · Computer Science 2021-12-13 Maria Perez-Ortiz , Omar Rivasplata , Emilio Parrado-Hernandez , Benjamin Guedj , John Shawe-Taylor

Optimizing risk measures such as Value-at-Risk (VaR) and Conditional Value-at-Risk (CVaR) of a general loss distribution is usually difficult, because 1) the loss function might lack structural properties such as convexity or…

Optimization and Control · Mathematics 2016-08-03 Helin Zhu , Joshua Hale , Enlu Zhou

Let $f(\theta, X_1),$ $ \dots,$ $ f(\theta, X_n)$ be a sequence of random elements, where $f$ is a fixed scalar function, $X_1, \dots, X_n$ are independent random variables (data), and $\theta$ is a random parameter distributed according to…

Machine Learning · Computer Science 2024-04-05 Ilja Kuzborskij , Kwang-Sung Jun , Yulian Wu , Kyoungseok Jang , Francesco Orabona

This paper is focused on dimension-free PAC-Bayesian bounds, under weak polynomial moment assumptions, allowing for heavy tailed sample distributions. It covers the estimation of the mean of a vector or a matrix, with applications to least…

Statistics Theory · Mathematics 2018-01-03 Olivier Catoni , Ilaria Giulini

We present a unified framework for deriving PAC-Bayesian generalization bounds. Unlike most previous literature on this topic, our bounds are anytime-valid (i.e., time-uniform), meaning that they hold at all stopping times, not only for a…

Machine Learning · Statistics 2024-01-04 Ben Chugg , Hongjian Wang , Aaditya Ramdas

Risk measures are important key figures to measure the adequacy of the reserves of a company. The most common risk measures in practice are Value-at-Risk (VaR) and Conditional Value-at-Risk (CVaR). Recently, quantum-based algorithms are…

Quantum Physics · Physics 2025-01-29 Christian Laudagé , Ivica Turkalj

The ultimate performance of machine learning algorithms for classification tasks is usually measured in terms of the empirical error probability (or accuracy) based on a testing dataset. Whereas, these algorithms are optimized through the…

Machine Learning · Computer Science 2021-12-13 Matias Vera , Leonardo Rey Vega , Pablo Piantanida

In this paper, we provide extended convolution bounds for the Fr\'{e}chet problem and discuss related implications in quantitative risk management. First, we establish a new form of inequality for the Range-Value-at-Risk (RVaR). Based on…

Risk Management · Quantitative Finance 2025-12-01 Peng Liu , Yang Liu , Houhan Teng

A unified framework for learning under covariate shift is presented, in which a constrained density-ratio network approximates the Radon-Nikodym derivative $r^\star = dP/dQ$ and feeds an anytime PAC-Bayes generalization certificate. A…

Machine Learning · Computer Science 2026-05-25 Paulo Akira F. Enabe

Value-at-risk (VaR) is an established measure to assess risks in critical real-world applications with random environmental factors. This paper presents a novel VaR upper confidence bound (V-UCB) algorithm for maximizing the VaR of a…

Machine Learning · Computer Science 2021-05-14 Quoc Phong Nguyen , Zhongxiang Dai , Bryan Kian Hsiang Low , Patrick Jaillet

We formulate weighted graph clustering as a prediction problem: given a subset of edge weights we analyze the ability of graph clustering to predict the remaining edge weights. This formulation enables practical and theoretical comparison…

Machine Learning · Computer Science 2010-09-03 Yevgeny Seldin

We derive generic information-theoretic and PAC-Bayesian generalization bounds involving an arbitrary convex comparator function, which measures the discrepancy between the training and population loss. The bounds hold under the assumption…

Machine Learning · Computer Science 2024-02-22 Fredrik Hellström , Benjamin Guedj

We present the conditional value-at-risk (CVaR) in the context of Markov chains and Markov decision processes with reachability and mean-payoff objectives. CVaR quantifies risk by means of the expectation of the worst p-quantile. As such it…

Logic in Computer Science · Computer Science 2018-05-09 Jan Křetínský , Tobias Meggendorfer

We propose and analyze algorithms for distributionally robust optimization of convex losses with conditional value at risk (CVaR) and $\chi^2$ divergence uncertainty sets. We prove that our algorithms require a number of gradient…

Optimization and Control · Mathematics 2020-12-14 Daniel Levy , Yair Carmon , John C. Duchi , Aaron Sidford

PAC-Bayes learning is a comprehensive setting for (i) studying the generalisation ability of learning algorithms and (ii) deriving new learning algorithms by optimising a generalisation bound. However, optimising generalisation bounds might…

Machine Learning · Statistics 2024-11-27 Antoine Picard-Weibel , Roman Moscoviz , Benjamin Guedj

Explaining how overparametrized neural networks simultaneously achieve low risk and zero empirical risk on benchmark datasets is an open problem. PAC-Bayes bounds optimized using variational inference (VI) have been recently proposed as a…

Machine Learning · Computer Science 2020-03-06 Konstantinos Pitas

The ability to make optimal decisions under uncertainty remains important across a variety of disciplines from portfolio management to power engineering. This generally implies applying some safety margins on uncertain parameters that may…

Systems and Control · Electrical Eng. & Systems 2020-03-05 Matt Roveto , Robert Mieth , Yury Dvorkin
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