Disposition Effect on Two Classical Expected Utility Models:\ud Exponential and Power

A disposition effect is the observation that investors tend to sell winning stocks too early and hold losing stocks too long. In this paper, we investigate whether expected utility theory explains the disposition effect. We implement two models of expected utility theory: exponential and power. We show that for reasonable parameter values the disposition effect can be explained by expected utility theory

A note on the almost one half holomorphic pinching

Motivated by a previous work of Zheng and the second named author, we study pinching constants of compact K\"ahler manifolds with positive holomorphic sectional curvature. In particular we prove a gap theorem following the work of Petersen and Tao on Riemannian manifolds with almost quarter-pinched sectional curvature.Comment: 6 pages. This is the version which the authors submitted to a journal for consideration for publication in June 2017. The reference has not been updated since the

Identifying vital edges in Chinese air route network via memetic algorithm

Due to its rapid development in the past decade, air transportation system has attracted considerable research attention from diverse communities. While most of the previous studies focused on airline networks, here we systematically explore the robustness of the Chinese air route network, and identify the vital edges which form the backbone of Chinese air transportation system. Specifically, we employ a memetic algorithm to minimize the network robustness after removing certain edges hence the solution of this model is the set of vital edges. Counterintuitively, our results show that the most vital edges are not necessarily the edges of highest topological importance, for which we provide an extensive explanation from the microscope of view. Our findings also offer new insights to understanding and optimizing other real-world network systems

Neural Collaborative Ranking

Recommender systems are aimed at generating a personalized ranked list of items that an end user might be interested in. With the unprecedented success of deep learning in computer vision and speech recognition, recently it has been a hot topic to bridge the gap between recommender systems and deep neural network. And deep learning methods have been shown to achieve state-of-the-art on many recommendation tasks. For example, a recent model, NeuMF, first projects users and items into some shared low-dimensional latent feature space, and then employs neural nets to model the interaction between the user and item latent features to obtain state-of-the-art performance on the recommendation tasks. NeuMF assumes that the non-interacted items are inherent negative and uses negative sampling to relax this assumption. In this paper, we examine an alternative approach which does not assume that the non-interacted items are necessarily negative, just that they are less preferred than interacted items. Specifically, we develop a new classification strategy based on the widely used pairwise ranking assumption. We combine our classification strategy with the recently proposed neural collaborative filtering framework, and propose a general collaborative ranking framework called Neural Network based Collaborative Ranking (NCR). We resort to a neural network architecture to model a user's pairwise preference between items, with the belief that neural network will effectively capture the latent structure of latent factors. The experimental results on two real-world datasets show the superior performance of our models in comparison with several state-of-the-art approaches.Comment: Proceedings of the 2018 ACM on Conference on Information and Knowledge Managemen