Local Regularization Assisted Orthogonal Least Squares Regression

A locally regularized orthogonal least squares (LROLS) algorithm is proposed for constructing parsimonious or sparse regression models that generalize well. By associating each orthogonal weight in the regression model with an individual regularization parameter, the ability for the orthogonal least squares (OLS) model selection to produce a very sparse model with good generalization performance is greatly enhanced. Furthermore, with the assistance of local regularization, when to terminate the model selection procedure becomes much clearer. This LROLS algorithm has computational advantages over the recently introduced relevance vector machine (RVM) method

Gibbsian Hypothesis in Turbulence

We show that Kolmogorov multipliers in turbulence cannot be statistically independent of others at adjacent scales (or even a finite range apart) by numerical simulation of a shell model and by theory. As the simplest generalization of independent distributions, we suppose that the steady-state statistics of multipliers in the shell model are given by a translation-invariant Gibbs measure with a short-range potential, when expressed in terms of suitable ``spin'' variables: real-valued spins that are logarithms of multipliers and XY-spins defined by local dynamical phases. Numerical evidence is presented in favor of the hypothesis for the shell model, in particular novel scaling laws and derivative relations predicted by the existence of a thermodynamic limit. The Gibbs measure appears to be in a high-temperature, unique-phase regime with ``paramagnetic'' spin order.Comment: 19 pages, 9 figures, greatly expanded content, accepted to appear in J. Stat. Phy

Stability Of contact discontinuity for steady Euler System in infinite duct

In this paper, we prove structural stability of contact discontinuities for full Euler system

The implication of the hyperbolic discount model for annuitisation decisions

The low demand for immediate annuities at retirement has been a long-standing puzzle. We show that a hyperbolic discount model can explain this behaviour and results in the attractiveness of long-term deferred annuities. With a set of benchmark assumptions, we find that retirees would be willing to pay a much higher price than the actuarial fair price for annuities with longer deferred periods. Moreover, if governments were to introduce a pre-commitment device which requires pensioners to make annuitisation decisions around ten years before retirement, the take up rate of annuities could become higher