Mergers between regulated firms with unknown efficiency gains

In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from informational problems. We show that, as a consequence of this trade-off, more intense competition in unregulated segments of the market induces a more lenient merger policy. The regulated firms' diversification into a competitive segment of the market can lead to a softer merger policy when competition is weaker

Regulatory risk, vertical integration, and upstream investment

We investigate the impact of regulatory risk on vertical integration and upstream investment by a regulated firm that provides an essential input to downstream competitors. Regulatory risk reflects uncertainty about the regulator's commitment to a regulatory policy that promotes the regulated firm's unobservable investment effort. We show that, when the regulator sets the regulatory policy after the vertical industry structure has been established, some degree of regulatory risk is ex ante socially beneficial. Regulatory risk makes vertical integration profitable and stimulates upstream investment at a lower social cost. This occurs for moderate costs of investment effort and firm small risk aversion. Our analysis sheds new light on some relevant empirical patterns in vertically related markets

ANSWER : generating information dissemination network on campus

Information dissemination matters, both on an individual and group level. For college students who are physically and mentally immature, they are more sensitive and susceptible to unnormal information like rumors. However, current researches focus on large-scale online message sharing networks like Facebook and Twitter, rather than profile the information dissemination on campus, which fail to provide any references for daily campus management. Against this background, we propose a framework to generate the information dissemination network on campus, named ANSWER (cAmpus iNformation diSsemination netWork gEneRation), based on multimodal data including behavior data, appearance data, and psychological data. The construction of the ANSWER is listed as four steps. First, we use a convolutional autoencoder to extract the students’ facial features. Second, we process the behavior data to construct a friendship network. Third, heterogeneous information is embedded in the low-dimensional vector space by using network representation learning to obtain embedding vectors. Fourth, we use the deep learning model to predict. The experiment results show that ANSWER outperforms other methods in multiple feature fusion and prediction of information dissemination relationship performance. © 2021, Springer Nature Switzerland AG

Graduate employment prediction with bias

The failure of landing a job for college students could cause serious social consequences such as drunkenness and suicide. In addition to academic performance, unconscious biases can become one key obstacle for hunting jobs for graduating students. Thus, it is necessary to understand these unconscious biases so that we can help these students at an early stage with more personalized intervention. In this paper, we develop a framework, i.e., MAYA (Multi-mAjor emploYment stAtus) to predict students’ employment status while considering biases. The framework consists of four major components. Firstly, we solve the heterogeneity of student courses by embedding academic performance into a unified space. Then, we apply a generative adversarial network (GAN) to overcome the class imbalance problem. Thirdly, we adopt Long Short-Term Memory (LSTM) with a novel dropout mechanism to comprehensively capture sequential information among semesters. Finally, we design a bias-based regularization to capture the job market biases. We conduct extensive experiments on a large-scale educational dataset and the results demonstrate the effectiveness of our prediction framework. Copyright © 2020, Association for the Advancement of Artificial Intelligence (www.aaai.org). All rights reserved. **Please note that there are multiple authors for this article therefore only the name of the first 5 including Federation University Australia affiliate “Feng Xia” is provided in this record*

DEFINE: friendship detection based on node enhancement

Network representation learning (NRL) is a matter of importance to a variety of tasks such as link prediction. Learning low-dimensional vector representations for node enhancement based on nodes attributes and network structures can improve link prediction performance. Node attributes are important factors in forming networks, like psychological factors and appearance features affecting friendship networks. However, little to no work has detected friendship using the NRL technique, which combines students’ psychological features and perceived traits based on facial appearance. In this paper, we propose a framework named DEFINE (No enhancement based r e dship D tection) to detect students’ friend relationships, which combines with students’ psychological factors and facial perception information. To detect friend relationships accurately, DEFINE uses the NRL technique, which considers network structure and the additional attributes information for nodes. DEFINE transforms them into low-dimensional vector spaces while preserving the inherent properties of the friendship network. Experimental results on real-world friendship network datasets illustrate that DEFINE outperforms other state-of-art methods. © 2020, Springer Nature Switzerland AG.E

Graduate Employment Prediction with Bias

The failure of landing a job for college students could cause serious social consequences such as drunkenness and suicide. In addition to academic performance, unconscious biases can become one key obstacle for hunting jobs for graduating students. Thus, it is necessary to understand these unconscious biases so that we can help these students at an early stage with more personalized intervention. In this paper, we develop a framework, i.e., MAYA (Multi-mAjor emploYment stAtus) to predict students' employment status while considering biases. The framework consists of four major components. Firstly, we solve the heterogeneity of student courses by embedding academic performance into a unified space. Then, we apply a generative adversarial network (GAN) to overcome the class imbalance problem. Thirdly, we adopt Long Short-Term Memory (LSTM) with a novel dropout mechanism to comprehensively capture sequential information among semesters. Finally, we design a bias-based regularization to capture the job market biases. We conduct extensive experiments on a large-scale educational dataset and the results demonstrate the effectiveness of our prediction framework

EVE: Efficient Vision-Language Pre-training with Masked Prediction and Modality-Aware MoE

Building scalable vision-language models to learn from diverse, multimodal data remains an open challenge. In this paper, we introduce an Efficient Vision-languagE foundation model, namely EVE, which is one unified multimodal Transformer pre-trained solely by one unified pre-training task. Specifically, EVE encodes both vision and language within a shared Transformer network integrated with modality-aware sparse Mixture-of-Experts (MoE) modules, which capture modality-specific information by selectively switching to different experts. To unify pre-training tasks of vision and language, EVE performs masked signal modeling on image-text pairs to reconstruct masked signals, i.e., image pixels and text tokens, given visible signals. This simple yet effective pre-training objective accelerates training by 3.5x compared to the model pre-trained with Image-Text Contrastive and Image-Text Matching losses. Owing to the combination of the unified architecture and pre-training task, EVE is easy to scale up, enabling better downstream performance with fewer resources and faster training speed. Despite its simplicity, EVE achieves state-of-the-art performance on various vision-language downstream tasks, including visual question answering, visual reasoning, and image-text retrieval.Comment: Accepted by AAAI 202

Judging a Book by Its Cover: The Effect of Facial Perception on Centrality in Social Networks

Facial appearance matters in social networks. Individuals frequently make trait judgments from facial clues. Although these face-based impressions lack the evidence to determine validity, they are of vital importance, because they may relate to human network-based social behavior, such as seeking certain individuals for help, advice, dating, and cooperation, and thus they may relate to centrality in social networks. However, little to no work has investigated the apparent facial traits that influence network centrality, despite the large amount of research on attributions of the central position including personality and behavior. In this paper, we examine whether perceived traits based on facial appearance affect network centrality by exploring the initial stage of social network formation in a first-year college residential area. We took face photos of participants who are freshmen living in the same residential area, and we asked them to nominate community members linking to different networks. We then collected facial perception data by requiring other participants to rate facial images for three main attributions: dominance, trustworthiness, and attractiveness. Meanwhile, we proposed a framework to discover how facial appearance affects social networks. Our results revealed that perceived facial traits were correlated with the network centrality and that they were indicative to predict the centrality of people in different networks. Our findings provide psychological evidence regarding the interaction between faces and network centrality. Our findings also offer insights in to a combination of psychological and social network techniques, and they highlight the function of facial bias in cuing and signaling social traits. To the best of our knowledge, we are the first to explore the influence of facial perception on centrality in social networks.Comment: 11 pages, 8 figure

Unprotected quadratic band crossing points and quantum anomalous Hall effect in FeB2 monolayer

Quadratic band crossing points (QBCPs) and quantum anomalous Hall effect (QAHE) have attracted the attention of both theoretical and experimental researchers in recent years. Based on first-principle calculations, we find that the FeB$_2$ monolayer is a nonmagnetic semimetal with QBCPs at $K$. Through symmetry analysis and $\mathbf{k}\cdot\mathbf{p}$ invariant theory, we find that the QBCP is not protected by rotation symmetry and consists of two Dirac points with same chirality (Berry phase of $2\pi$). Once introducing Coulomb interactions, we find that there is a spontaneous-time-reversal-breaking instability of the spinful QBCPs, which gives rise to a $C=2$ QAH insulator with orbital moment ordering