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We derive a continuous time model for the joint evolution of the mid price and the bid-ask spread from a multiscale analysis of the whole limit order book (LOB) dynamics. We model the LOB as a multiclass queueing system and perform our…

Trading and Market Microstructure · Quantitative Finance 2013-10-07 Jose Blanchet , Xinyun Chen

To better understand the process by which humans make navigation decisions when tasked with multiple stopovers, we analyze motion data captured from shoppers in a grocery store. We discover several trends in the data that are consistent…

Physics and Society · Physics 2021-02-02 Nicholas Sohre , Alisdair O. G. Wallis , Stephen J. Guy

This paper considers a Markovian model of a limit order book where time-dependent rates are allowed. With the objective of understanding the mechanisms through which a microscopic model of an orderbook can converge to more general diffusion…

Computational Finance · Quantitative Finance 2023-02-03 Jonathan A. Chávez-Casillas

In the design of probabilistic timed systems, bounded requirements concerning behaviour that occurs within a given time, energy, or more generally cost budget are of central importance. Traditionally, such requirements have been…

Logic in Computer Science · Computer Science 2016-05-19 Ernst Moritz Hahn , Arnd Hartmanns

We study the worst-case communication complexity of distributed algorithms computing a path problem based on stationary distributions of random walks in a network $G$ with the caveat that $G$ is also the communication network. The problem…

Data Structures and Algorithms · Computer Science 2008-10-30 Rahul Sami , Andy Twigg

This paper shows the strong converse and the dispersion of memoryless channels with cost constraints and performs refined analysis of the third order term in the asymptotic expansion of the maximum achievable channel coding rate, showing…

Information Theory · Computer Science 2015-10-09 Victoria Kostina , Sergio Verdú

We model the transmission of a message on the complete graph with n vertices and limited resources. The vertices of the graph represent servers that may broadcast the message at random. Each server has a random emission capital that…

Probability · Mathematics 2019-02-20 Francis Comets , François Delarue , René Schott

In this article, we study a non-uniform distribution on permutations biased by their number of records that we call \emph{record-biased permutations}. We give several generative processes for record-biased permutations, explaining also how…

Probability · Mathematics 2026-04-01 Mathilde Bouvel , Cyril Nicaud , Carine Pivoteau

We present prior robust algorithms for a large class of resource allocation problems where requests arrive one-by-one (online), drawn independently from an unknown distribution at every step. We design a single algorithm that, for every…

Data Structures and Algorithms · Computer Science 2019-03-12 Nikhil R. Devanur , Kamal Jain , Balasubramanian Sivan , Christopher A. Wilkens

While there is a drastic shift from host-centric networking to content-centric networking, how to locate and retrieve the relevant content efficiently, especially in a mobile network, is still an open question. Mobile devices host…

Networking and Internet Architecture · Computer Science 2015-11-17 Suzan Bayhan , Esa Hyytiä , Jussi Kangasharju , Jörg Ott

We consider the problem of reducing a first-order Markov chain on a large alphabet to a higher-order Markov chain on a small alphabet. We present information-theoretic cost functions that are related to predictability and lumpability, show…

Information Theory · Computer Science 2017-06-13 Bernhard C. Geiger , Yuchen Wu

We study the problem of coded caching with nonuniform file popularity under the setting where the popularity distribution is initially unknown. By reframing the problem, we propose a method inspired by an algorithm from the…

Cryptography and Security · Computer Science 2026-03-10 Mohammadsaber Bahadori , Seyed Pooya Shariatpanahi , Behnam Bahrak

We study the accurate and efficient computation of the expected number of times each state is visited in discrete- and continuous-time Markov chains. To obtain sound accuracy guarantees efficiently, we lift interval iteration and…

Logic in Computer Science · Computer Science 2024-02-21 Hannah Mertens , Joost-Pieter Katoen , Tim Quatmann , Tobias Winkler

We investigate the effects of markovian resseting events on continuous time random walks where the waiting times and the jump lengths are random variables distributed according to power law probability density functions. We prove the…

Statistical Mechanics · Physics 2021-02-10 Vicenç Méndez , Axel Masó-Puigdellosas , Trifce Sandev , Daniel Campos

We present an extensive analysis of long-term statistics of the queries to websites using logs collected on several web caches in Russian academic networks and on US IRCache caches. We check the sensitivity of the statistics to several…

Networking and Internet Architecture · Computer Science 2007-05-23 Serge A. Krashakov , Anton B. Teslyuk , Lev N. Shchur

We present a novel method for computing reachability probabilities of parametric discrete-time Markov chains whose transition probabilities are fractions of polynomials over a set of parameters. Our algorithm is based on two key…

Software Engineering · Computer Science 2014-03-28 Nils Jansen , Florian Corzilius , Matthias Volk , Ralf Wimmer , Erika Ábrahám , Joost-Pieter Katoen , Bernd Becker

We consider a random model for directed graphs whereby an arc is placed from one vertex to another with a prescribed probability which may vary from arc to arc. Using perturbation bounds as well as Chernoff inequalities, we show that the…

Probability · Mathematics 2013-09-20 Franklin H. J. Kenter

We study the problem of learning Markov decision processes with finite state and action spaces when the transition probability distributions and loss functions are chosen adversarially and are allowed to change with time. We introduce an…

Machine Learning · Computer Science 2013-03-14 Yasin Abbasi-Yadkori , Peter L. Bartlett , Csaba Szepesvari

We consider a vector of $N$ independent binary variables, each with a different probability of success. The distribution of the vector conditional on its sum is known as the conditional Bernoulli distribution. Assuming that $N$ goes to…

Computation · Statistics 2020-12-08 Jeremy Heng , Pierre E. Jacob , Nianqiao Ju

In this paper, we analyze the problem of how to adapt the concept of priority to situations where several perfectly divisible resources have to be allocated among certain set of agents that have exactly one claim which is used for all…

Optimization and Control · Mathematics 2022-09-23 Rick K. Acosta-Vega , Encarnación Algaba , Joaquín Sánchez-Soriano
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