IS THERE DIVERSIFICATION BENEFIT BETWEEN EMERGING AND DEVELOPED STOCK MARKET: EVIDENCE FROM THE BRIC AND US STOCK MARKET

This paper seeks to investigate the linkage and co-movement relationships between the stock markets of US and BRIC, and determine the degree of diversification benefits among them within the sample period from January 2001 to September 2017. The entire sample period is divided into three phases: pre-crisis, during crisis and post-crisis in order to be more comparative. The empirical results show that there is a strong linkage and co-movement relationship between BRIC and US stock markets, especially after 2007 financial crisis. Also, the upward long run conditional correlations demonstrate that the diversification benefits are weakened substantially. However, there is not any evidence showing the existence of co-integration between BRIC and US market for all three phases, except for the stock market of China during the crisis. Moreover, most of the BRIC stock markets are appeared to have no short term causality to US market

MovingParts: Motion-based 3D Part Discovery in Dynamic Radiance Field

We present MovingParts, a NeRF-based method for dynamic scene reconstruction and part discovery. We consider motion as an important cue for identifying parts, that all particles on the same part share the common motion pattern. From the perspective of fluid simulation, existing deformation-based methods for dynamic NeRF can be seen as parameterizing the scene motion under the Eulerian view, i.e., focusing on specific locations in space through which the fluid flows as time passes. However, it is intractable to extract the motion of constituting objects or parts using the Eulerian view representation. In this work, we introduce the dual Lagrangian view and enforce representations under the Eulerian/Lagrangian views to be cycle-consistent. Under the Lagrangian view, we parameterize the scene motion by tracking the trajectory of particles on objects. The Lagrangian view makes it convenient to discover parts by factorizing the scene motion as a composition of part-level rigid motions. Experimentally, our method can achieve fast and high-quality dynamic scene reconstruction from even a single moving camera, and the induced part-based representation allows direct applications of part tracking, animation, 3D scene editing, etc.Comment: 10 page

Decomposing Uncertainty for Large Language Models through Input Clarification Ensembling

Uncertainty decomposition refers to the task of decomposing the total uncertainty of a model into data (aleatoric) uncertainty, resulting from the inherent complexity or ambiguity of the data, and model (epistemic) uncertainty, resulting from the lack of knowledge in the model. Performing uncertainty decomposition for large language models (LLMs) is an important step toward improving the reliability, trustworthiness, and interpretability of LLMs, but this research task is very challenging and remains unresolved. The existing canonical method, Bayesian Neural Network (BNN), cannot be applied to LLMs, because BNN requires training and ensembling multiple variants of models, which is infeasible or prohibitively expensive for LLMs. In this paper, we introduce an uncertainty decomposition framework for LLMs, called input clarifications ensemble, which bypasses the need to train new models. Rather than ensembling models with different parameters, our approach generates a set of clarifications for the input, feeds them into the fixed LLMs, and ensembles the corresponding predictions. We show that our framework shares a symmetric decomposition structure with BNN. Empirical evaluations demonstrate that the proposed framework provides accurate and reliable uncertainty quantification on various tasks. Code will be made publicly available at https://github.com/UCSB-NLP-Chang/llm_uncertainty .Comment: 15 pages, 3 figure

Losses Can Be Blessings: Routing Self-Supervised Speech Representations Towards Efficient Multilingual and Multitask Speech Processing

Self-supervised learning (SSL) for rich speech representations has achieved empirical success in low-resource Automatic Speech Recognition (ASR) and other speech processing tasks, which can mitigate the necessity of a large amount of transcribed speech and thus has driven a growing demand for on-device ASR and other speech processing. However, advanced speech SSL models have become increasingly large, which contradicts the limited on-device resources. This gap could be more severe in multilingual/multitask scenarios requiring simultaneously recognizing multiple languages or executing multiple speech processing tasks. Additionally, strongly overparameterized speech SSL models tend to suffer from overfitting when being finetuned on low-resource speech corpus. This work aims to enhance the practical usage of speech SSL models towards a win-win in both enhanced efficiency and alleviated overfitting via our proposed S$^3$-Router framework, which for the first time discovers that simply discarding no more than 10\% of model weights via only finetuning model connections of speech SSL models can achieve better accuracy over standard weight finetuning on downstream speech processing tasks. More importantly, S$^3$-Router can serve as an all-in-one technique to enable (1) a new finetuning scheme, (2) an efficient multilingual/multitask solution, (3) a state-of-the-art ASR pruning technique, and (4) a new tool to quantitatively analyze the learned speech representation. We believe S$^3$-Router has provided a new perspective for practical deployment of speech SSL models. Our codes are available at: https://github.com/GATECH-EIC/S3-Router.Comment: Accepted at NeurIPS 202

The molecular basis of the genesis of basal tone in internal anal sphincter

Smooth muscle sphincters exhibit basal tone and control passage of contents through organs such as the gastrointestinal tract; loss of this tone leads to disorders such as faecal incontinence. However, the molecular mechanisms underlying this tone remain unknown. Here, we show that deletion of myosin light-chain kinases (MLCK) in the smooth muscle cells from internal anal sphincter (IAS-SMCs) abolishes basal tone, impairing defecation. Pharmacological regulation of ryanodine receptors (RyRs), L-type voltage-dependent Ca(2+) channels (VDCCs) or TMEM16A Ca(2+)-activated Cl(-) channels significantly changes global cytosolic Ca(2+) concentration ([Ca(2+)]i) and the tone. TMEM16A deletion in IAS-SMCs abolishes the effects of modulators for TMEM16A or VDCCs on a RyR-mediated rise in global [Ca(2+)]i and impairs the tone and defecation. Hence, MLCK activation in IAS-SMCs caused by a global rise in [Ca(2+)]i via a RyR-TMEM16A-VDCC signalling module sets the basal tone. Targeting this module may lead to new treatments for diseases like faecal incontinence