383 research outputs found

    Planar mappings of subexponentially integrable distortion -- integrability of distortion of inverses

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    We establish the optimal regularity for the distortion of inverses of mappings of finite distortion with logarithm-iterated style subexponentially integrable distortion, which generalizes the Theorem 1. of [J. Gill, Ann. Acad. Sci. Fenn. Math. 35 (2010), no. 1, 197--207]

    Market Making of Options via Reinforcement Learning

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    Market making of options with different maturities and strikes is a challenging problem due to its high dimensional nature. In this paper, we propose a novel approach that combines a stochastic policy and reinforcement learning-inspired techniques to determine the optimal policy for posting bid-ask spreads for an options market maker who trades options with different maturities and strikes. When the arrival of market orders is linearly inverse to the spreads, the optimal policy is normally distributed

    On Quantile Treatment Effects, Rank Similarity, and Variation of Instrumental Variables

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    This paper investigates how certain relationship between observed and counterfactual distributions serves as an identifying condition for treatment effects when the treatment is endogenous, and shows that this condition holds in a range of nonparametric models for treatment effects. To this end, we first provide a novel characterization of the prevalent assumption restricting treatment heterogeneity in the literature, namely rank similarity. Our characterization demonstrates the stringency of this assumption and allows us to relax it in an economically meaningful way, resulting in our identifying condition. It also justifies the quest of richer exogenous variations in the data (e.g., multi-valued or multiple instrumental variables) in exchange for weaker identifying conditions. The primary goal of this investigation is to provide empirical researchers with tools that are robust and easy to implement but still yield tight policy evaluations

    Efficient spin-current injection in single-molecule magnet junctions

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    We study theoretically spin transport through a single-molecule magnet (SMM) in the sequential and cotunneling regimes, where the SMM is weakly coupled to one ferromagnetic and one normalmetallic leads. By a master-equation approach, it is found that the spin polarization injected from the ferromagnetic lead is amplified and highly polarized spin-current can be generated, due to the exchange coupling between the transport electron and the anisotropic spin of the SMM. Moreover, the spin-current polarization can be tuned by the gate or bias voltage, and thus an efficient spin injection device based on the SMM is proposed in molecular spintronics.Comment: 4 figure

    Engineering Saccharomyces cerevisiae for cellulosic ethanol production

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    There are two long-existing obstacles for cellulosic ethanol production in Saccharomyces cerevisiae. The first one is inefficient xylose utilization and the second one is sequential fermentation of glucose and xylose in engineered Saccharomyces cerevisiae. This study mainly focused on solving these two problems by using cutting edge synthetic biology tools

    Controlled diffeomorphic extension of homeomorphisms

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    Let Ω\Omega be an internal chord-arc Jordan domain and φ:S→∂Ω\varphi:\mathbb S\rightarrow\partial\Omega be a homeomorphism. We show that φ\varphi has finite dyadic energy if and only if φ\varphi has a diffeomorphic extension h:D→Ωh: \mathbb D\rightarrow \Omega which has finite energy.Comment: 19 pages, 1 figur

    A Multi-Granularity Matching Attention Network for Query Intent Classification in E-commerce Retrieval

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    Query intent classification, which aims at assisting customers to find desired products, has become an essential component of the e-commerce search. Existing query intent classification models either design more exquisite models to enhance the representation learning of queries or explore label-graph and multi-task to facilitate models to learn external information. However, these models cannot capture multi-granularity matching features from queries and categories, which makes them hard to mitigate the gap in the expression between informal queries and categories. This paper proposes a Multi-granularity Matching Attention Network (MMAN), which contains three modules: a self-matching module, a char-level matching module, and a semantic-level matching module to comprehensively extract features from the query and a query-category interaction matrix. In this way, the model can eliminate the difference in expression between queries and categories for query intent classification. We conduct extensive offline and online A/B experiments, and the results show that the MMAN significantly outperforms the strong baselines, which shows the superiority and effectiveness of MMAN. MMAN has been deployed in production and brings great commercial value for our company.Comment: Accepted by WWW 202
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