We formulate option market making as a constrained, risk-sensitive control problem that unifies execution, hedging, and arbitrage-free implied-volatility surfaces inside a single learning loop. A fully differentiable eSSVI layer enforces static no-arbitrage conditions (butterfly and calendar) while the policy controls half-spreads, hedge intensity, and structured surface deformations (state-dependent rho-shift and psi-scale). Executions are intensity-driven and respond monotonically to spreads and relative mispricing; tail risk is shaped with a differentiable CVaR objective via the Rockafellar--Uryasev program. We provide theory for (i) grid-consistency and rates for butterfly/calendar surrogates, (ii) a primal--dual grounding of a learnable dual action acting as a state-dependent Lagrange multiplier, (iii) differentiable CVaR estimators with mixed pathwise and likelihood-ratio gradients and epi-convergence to the nonsmooth objective, (iv) an eSSVI wing-growth bound aligned with Lee's moment constraints, and (v) policy-gradient validity under smooth surrogates. In simulation (Heston fallback; ABIDES-ready), the agent attains positive adjusted P\&L on most intraday segments while keeping calendar violations at numerical zero and butterfly violations at the numerical floor; ex-post tails remain realistic and can be tuned through the CVaR weight. The five control heads admit clear economic semantics and analytic sensitivities, yielding a white-box learner that unifies pricing consistency and execution control in a reproducible pipeline.
Peter Matthew Jacobs, Foad Namjoo, Jeff M. Phillips
We revisit extending the Kolmogorov-Smirnov distance between probability distributions to the multidimensional setting and make new arguments about the proper way to approach this generalization. Our proposed formulation maximizes the difference over orthogonal dominating rectangular ranges (d-sided rectangles in R^d), and is an integral probability metric. We also prove that the distance between a distribution and a sample from the distribution converges to 0 as the sample size grows, and bound this rate. Moreover, we show that one can, up to this same approximation error, compute the distance efficiently in 4 or fewer dimensions; specifically the runtime is near-linear in the size of the sample needed for that error. With this, we derive a delta-precision two-sample hypothesis test using this distance. Finally, we show these metric and approximation properties do not hold for other popular variants.
We introduce Tail-Safe, a deployability-oriented framework for derivatives hedging that unifies distributional, risk-sensitive reinforcement learning with a white-box control-barrier-function (CBF) quadratic-program (QP) safety layer tailored to financial constraints. The learning component combines an IQN-based distributional critic with a CVaR objective (IQN--CVaR--PPO) and a Tail-Coverage Controller that regulates quantile sampling through temperature tilting and tail boosting to stabilize small-$α$ estimation. The safety component enforces discrete-time CBF inequalities together with domain-specific constraints -- ellipsoidal no-trade bands, box and rate limits, and a sign-consistency gate -- solved as a convex QP whose telemetry (active sets, tightness, rate utilization, gate scores, slack, and solver status) forms an auditable trail for governance. We provide guarantees of robust forward invariance of the safe set under bounded model mismatch, a minimal-deviation projection interpretation of the QP, a KL-to-DRO upper bound linking per-state KL regularization to worst-case CVaR, concentration and sample-complexity results for the temperature-tilted CVaR estimator, and a CVaR trust-region improvement inequality under KL limits, together with feasibility persistence under expiry-aware tightening. Empirically, in arbitrage-free, microstructure-aware synthetic markets (SSVI $\to$ Dupire $\to$ VIX with ABIDES/MockLOB execution), Tail-Safe improves left-tail risk without degrading central performance and yields zero hard-constraint violations whenever the QP is feasible with zero slack. Telemetry is mapped to governance dashboards and incident workflows to support explainability and auditability. Limitations include reliance on synthetic data and simplified execution to isolate methodological contributions.
Christoph Leiter, Jonas Belouadi, Yanran Chen
et al.
The NLLG (Natural Language Learning & Generation) arXiv reports assist in navigating the rapidly evolving landscape of NLP and AI research across cs.CL, cs.CV, cs.AI, and cs.LG categories. This fourth installment captures a transformative period in AI history - from January 1, 2023, following ChatGPT's debut, through September 30, 2024. Our analysis reveals substantial new developments in the field - with 45% of the top 40 most-cited papers being new entries since our last report eight months ago and offers insights into emerging trends and major breakthroughs, such as novel multimodal architectures, including diffusion and state space models. Natural Language Processing (NLP; cs.CL) remains the dominant main category in the list of our top-40 papers but its dominance is on the decline in favor of Computer vision (cs.CV) and general machine learning (cs.LG). This report also presents novel findings on the integration of generative AI in academic writing, documenting its increasing adoption since 2022 while revealing an intriguing pattern: top-cited papers show notably fewer markers of AI-generated content compared to random samples. Furthermore, we track the evolution of AI-associated language, identifying declining trends in previously common indicators such as "delve".
This study investigated the dynamic connectivity patterns between EEG and fMRI modalities, contributing to our understanding of brain network interactions. By employing a comprehensive approach that integrated static and dynamic analyses of EEG-fMRI data, we were able to uncover distinct connectivity states and characterize their temporal fluctuations. The results revealed modular organization within the intrinsic connectivity networks (ICNs) of the brain, highlighting the significant roles of sensory systems and the default mode network. The use of a sliding window technique allowed us to assess how functional connectivity varies over time, further elucidating the transient nature of brain connectivity. Additionally, our findings align with previous literature, reinforcing the notion that cognitive states can be effectively identified through short-duration data, specifically within the 30-60 second timeframe. The established relationships between connectivity strength and cognitive processes, particularly during different visual states, underscore the relevance of our approach for future research into brain dynamics. Overall, this study not only enhances our understanding of the interplay between EEG and fMRI signals but also paves the way for further exploration into the neural correlates of cognitive functions and their implications in clinical settings. Future research should focus on refining these methodologies and exploring their applications in various cognitive and clinical contexts.
With this special issue of the Journal of Data Mining and Digital Humanities (JDMDH), we bringtogether in one single volume several experiments, projects and reflections related to automatic textrecognition applied to historical documents. More and more research projects now include automatic text acquisition in their data processing chain, and this is true not only for projects focussed on Digital or Computational Humanities but increasingly also for those that are simply using existing digital tools as the means to an end. The increasing use of this technology has led to an automation of tasks that affects the role of the researcher in the textual production process. This new data-intensive practice makes it urgent to collect and harmonise the corpora necessary for the constitution of training sets, but also to make them available for exploitation. This special issue is therefore an opportunity to present articles combining philological and technical questions to make a scientific assessment of the use of automatic text recognition for ancient documents, its results, its contributions and the new practices induced by its use in the process of editing and exploring texts. We hope that practical aspects will be questioned on this occasion, while raising methodological challenges and its impact on research data.The special issue on Automatic Text Recognition (ATR) is therefore dedicated to providing a comprehensive overview of the use of ATR in the humanities field, particularly concerning historical documents in the early 2020s. This issue presents a fusion of engineering and philological aspects, catering to both beginners and experienced users interested in launching projects with ATR. The collection encompasses a diverse array of approaches, covering topics such as data creation or collection for training generic models, reaching specific objectives, technical and HTR machine architecture, segmentation methods, and image processing.
History of scholarship and learning. The humanities, Bibliography. Library science. Information resources
Matej Cief, Jacek Golebiowski, Philipp Schmidt
et al.
Off-policy evaluation (OPE) methods allow us to compute the expected reward of a policy by using the logged data collected by a different policy. OPE is a viable alternative to running expensive online A/B tests: it can speed up the development of new policies, and reduces the risk of exposing customers to suboptimal treatments. However, when the number of actions is large, or certain actions are under-explored by the logging policy, existing estimators based on inverse-propensity scoring (IPS) can have a high or even infinite variance. Saito and Joachims (arXiv:2202.06317v2 [cs.LG]) propose marginalized IPS (MIPS) that uses action embeddings instead, which reduces the variance of IPS in large action spaces. MIPS assumes that good action embeddings can be defined by the practitioner, which is difficult to do in many real-world applications. In this work, we explore learning action embeddings from logged data. In particular, we use intermediate outputs of a trained reward model to define action embeddings for MIPS. This approach extends MIPS to more applications, and in our experiments improves upon MIPS with pre-defined embeddings, as well as standard baselines, both on synthetic and real-world data. Our method does not make assumptions about the reward model class, and supports using additional action information to further improve the estimates. The proposed approach presents an appealing alternative to DR for combining the low variance of DM with the low bias of IPS.
This paper is devoted to the construction of a new fast-to-evaluate model for the prediction of 2D crack paths in concrete-like microstructures. The model generates piecewise linear cracks paths with segmentation points selected using a Markov chain model. The Markov chain kernel involves local indicators of mechanical interest and its parameters are learnt from numerical full-field 2D simulations of cracking using a cohesive-volumetric finite element solver called XPER. This model does not include any mechanical elements. It is the database, derived from the XPER crack, that contains the mechanical information and optimizes the probabilistic model. The resulting model exhibits a drastic improvement of CPU time in comparison to simulations from XPER.
In the Humanities, the emergence of digital methods has opened up research questions to quantitative analysis. This is why HTR technology is increasingly involved in humanities research projects following precursors such as the Himanis project. However, many research teams have limited resources, either financially or in terms of their expertise in artificial intelligence. It may therefore be difficult to integrate handwritten text recognition into their project pipeline if they need to train a model or to create data from scratch. The goal here is not to explain how to build or improve a new HTR engine, nor to find a way to automatically align a preexisting corpus with an image to quickly create ground truths for training. This paper aims to help humanists easily develop an HTR model for medieval manuscripts, create and gather training data by knowing the issues underlying their choices. The objective is also to show the importance of the constitution of consistent data as a prerequisite to allow their gathering and to train efficient HTR models. We will present an overview of our work and experiment in the CREMMALab project (2021-2022), showing first how we ensure the consistency of the data and then how we have developed a generic model for medieval French manuscripts from the 13 th to the 15 th century, ready to be shared (more than 94% accuracy) and/or fine-tuned by other projects.
History of scholarship and learning. The humanities, Bibliography. Library science. Information resources
To explore the spatial network structure characteristics and driving effects of carbon emission intensity in China’s construction industry, this paper measures the carbon emission data of China’s construction industry in various provinces from 2006 to 2017 and then combines the modified gravity model and social network analysis method to deeply analyze the spatially associated network structure characteristics and driving effects of the carbon emission intensity in China’s construction industry. The results show that the regional differences of the carbon emissions of the construction industry are significant, and the carbon emission intensity of the construction industry shows a fluctuating trend. The overall network of carbon emission intensity shows an obvious “core-edge” state, and the hierarchical network structure is gradually broken. Economically developed provinces generally play a leading role in the network and play an intermediary role to guide other provinces to develop together with them. Among the network blocks, most of the blocks play the role of “brokers”. The block with the leading economic development has a strong influence on the other blocks. The increase in network density and the decrease in network hierarchy and network efficiency will reduce the construction carbon emission intensity.
Verizon Wireless is pleased to announce a software update for your device. This software update has been tested to help optimize device performance, resolve known issues and apply the latest security patches.
[RETRACTED]Verizon Wireless is pleased to announce a software update for your device. This software update has been tested to help optimize device performance, resolve known issues and apply the latest security patches.
Adaptive methods are a crucial component widely used for training generative adversarial networks (GANs). While there has been some work to pinpoint the "marginal value of adaptive methods" in standard tasks, it remains unclear why they are still critical for GAN training. In this paper, we formally study how adaptive methods help train GANs; inspired by the grafting method proposed in arXiv:2002.11803 [cs.LG], we separate the magnitude and direction components of the Adam updates, and graft them to the direction and magnitude of SGDA updates respectively. By considering an update rule with the magnitude of the Adam update and the normalized direction of SGD, we empirically show that the adaptive magnitude of Adam is key for GAN training. This motivates us to have a closer look at the class of normalized stochastic gradient descent ascent (nSGDA) methods in the context of GAN training. We propose a synthetic theoretical framework to compare the performance of nSGDA and SGDA for GAN training with neural networks. We prove that in that setting, GANs trained with nSGDA recover all the modes of the true distribution, whereas the same networks trained with SGDA (and any learning rate configuration) suffer from mode collapse. The critical insight in our analysis is that normalizing the gradients forces the discriminator and generator to be updated at the same pace. We also experimentally show that for several datasets, Adam's performance can be recovered with nSGDA methods.
Sergio Torres Aguilar, Pierre Chastang, Xavier Tannier
This paper presents a model aiming to automatically detect sections in medieval Latin charters. These legal sources are some of the most important sources for medieval studies as they reflect economic and social dynamics as well as legal and institutional writing practices. An automatic linear segmentation can greatly facilitate charter indexation and speed up the recovering of evidence to support historical hypothesis by the means of granular inquiries on these raw, rarely structured sources. Our model is based on a Bi-LSTM approach using a final CRF-layer and was trained using a large, annotated collection of medieval charters (4,700 documents) coming from Lombard monasteries: the CDLM corpus (11th-12th centuries). The evaluation shows a high performance in most sections on the test-set and on an external evaluation corpus consisting of the Montecassino abbey charters (10th-12th centuries). We describe the architecture of the model, the main problems related to the treatment of medieval Latin and formulaic discourse, and we discuss some implications of the results in terms of record-keeping practices in High Middle Ages.
History of scholarship and learning. The humanities, Bibliography. Library science. Information resources
In the quiet backwaters of cs.CV, cs.LG and stat.ML, a cornucopia of new learning systems is emerging from a primordial soup of mathematics-learning systems with no need for external supervision. To date, little thought has been given to how these self-supervised learners have sprung into being or the principles that govern their continuing diversification. After a period of deliberate study and dispassionate judgement during which each author set their Zoom virtual background to a separate Galapagos island, we now entertain no doubt that each of these learning machines are lineal descendants of some older and generally extinct species. We make five contributions: (1) We gather and catalogue row-major arrays of machine learning specimens, each exhibiting heritable discriminative features; (2) We document a mutation mechanism by which almost imperceptible changes are introduced to the genotype of new systems, but their phenotype (birdsong in the form of tweets and vestigial plumage such as press releases) communicates dramatic changes; (3) We propose a unifying theory of self-supervised machine evolution and compare to other unifying theories on standard unifying theory benchmarks, where we establish a new (and unifying) state of the art; (4) We discuss the importance of digital biodiversity, in light of the endearingly optimistic Paris Agreement.
Previous works on the Recurrent Neural Network-Transducer (RNN-T) models have shown that, under some conditions, it is possible to simplify its prediction network with little or no loss in recognition accuracy (arXiv:2003.07705 [eess.AS], [2], arXiv:2012.06749 [cs.CL]). This is done by limiting the context size of previous labels and/or using a simpler architecture for its layers instead of LSTMs. The benefits of such changes include reduction in model size, faster inference and power savings, which are all useful for on-device applications. In this work, we study ways to make the RNN-T decoder (prediction network + joint network) smaller and faster without degradation in recognition performance. Our prediction network performs a simple weighted averaging of the input embeddings, and shares its embedding matrix weights with the joint network's output layer (a.k.a. weight tying, commonly used in language modeling arXiv:1611.01462 [cs.LG]). This simple design, when used in conjunction with additional Edit-based Minimum Bayes Risk (EMBR) training, reduces the RNN-T Decoder from 23M parameters to just 2M, without affecting word-error rate (WER).
Identifying, contacting and engaging missing shareholders constitutes an enormous challenge for Māori incorporations, iwi and hapū across Aotearoa New Zealand. Without accurate data or tools to har-monise existing fragmented or conflicting data sources, issues around land succession, opportunities for economic development, and maintenance of whānau relationships are all negatively impacted. This unique three-way research collaboration between Victoria University of Wellington (VUW), Parininihi ki Waitotara Incorporation (PKW), and University of Auckland funded by the National Science Challenge | Science for Technological Innovation catalyses innovation through new digital humanities-inflected data science modelling and analytics with the kaupapa of reconnecting missing Māori shareholders for a prosperous economic, cultural, and socially revitalised future. This paper provides an overview of VUW's culturally-embedded social network approach to the project, discusses the challenges of working within an indigenous worldview, and emphasises the importance of decolonising digital humanities.
History of scholarship and learning. The humanities, Bibliography. Library science. Information resources
Eva Pfanzelter, Sarah Oberbichler, Jani Marjanen
et al.
Many libraries offer free access to digitised historical newspapers via user interfaces. After an initial period of search and filter options as the only features, the availability of more advanced tools and the desire for more options among users has ushered in a period of interface development. However, this raises a number of open questions and challenges. For example, how can we provide interfaces for different user groups? What tools should be available on interfaces and how can we avoid too much complexity? What tools are helpful and how can we improve usability? This paper will not provide definite answers to these questions, but it gives an insight into the difficulties, challenges and risks of using interfaces to investigate historical newspapers. More importantly, it provides ideas and recommendations for the improvement of user interfaces and digital tools.
History of scholarship and learning. The humanities, Bibliography. Library science. Information resources
Eva Pfanzelter, Sarah Oberbichler, Jani Marjanen
et al.
International audience Many libraries offer free access to digitised historical newspapers via user interfaces. After an initial period of search and filter options as the only features, the availability of more advanced tools and the desire for more options among users has ushered in a period of interface development. However, this raises a number of open questions and challenges. For example, how can we provide interfaces for different user groups? What tools should be available on interfaces and how can we avoid too much complexity? What tools are helpful and how can we improve usability? This paper will not provide definite answers to these questions, but it gives an insight into the difficulties, challenges and risks of using interfaces to investigate historical newspapers. More importantly, it provides ideas and recommendations for the improvement of user interfaces and digital tools.
History of scholarship and learning. The humanities, Bibliography. Library science. Information resources
International audience Identifying, contacting and engaging missing shareholders constitutes an enormous challenge for Māori incorporations, iwi and hapū across Aotearoa New Zealand. Without accurate data or tools to har-monise existing fragmented or conflicting data sources, issues around land succession, opportunities for economic development, and maintenance of whānau relationships are all negatively impacted. This unique three-way research collaboration between Victoria University of Wellington (VUW), Parininihi ki Waitotara Incorporation (PKW), and University of Auckland funded by the National Science Challenge | Science for Technological Innovation catalyses innovation through new digital humanities-inflected data science modelling and analytics with the kaupapa of reconnecting missing Māori shareholders for a prosperous economic, cultural, and socially revitalised future. This paper provides an overview of VUW's culturally-embedded social network approach to the project, discusses the challenges of working within an indigenous worldview, and emphasises the importance of decolonising digital humanities.
History of scholarship and learning. The humanities, Bibliography. Library science. Information resources