19,622 research outputs found
Quantized Estimation of Gaussian Sequence Models in Euclidean Balls
A central result in statistical theory is Pinsker's theorem, which
characterizes the minimax rate in the normal means model of nonparametric
estimation. In this paper, we present an extension to Pinsker's theorem where
estimation is carried out under storage or communication constraints. In
particular, we place limits on the number of bits used to encode an estimator,
and analyze the excess risk in terms of this constraint, the signal size, and
the noise level. We give sharp upper and lower bounds for the case of a
Euclidean ball, which establishes the Pareto-optimal minimax tradeoff between
storage and risk in this setting.Comment: Appearing at NIPS 201
A Generalized Asymmetric Student-t Distribution with Application to Financial Econometrics
This paper proposes a new class of asymmetric Student-t (AST) distributions, and investigates its properties, gives procedures for estimation, and indicates applications in financial econometrics. We derive analytical expressions for the cdf, quantile function, moments, and quantities useful in financial econometric applications such as the expected shortfall. A stochastic representation of the distribution is also given. Although the AST density does not satisfy the usual regularity conditions for maximum likelihood estimation, we establish consistency, asymptotic normality and efficiency of ML estimators and derive an explicit analytical expression for the asymptotic covariance matrix. A Monte Carlo study indicates generally good finite-sample conformity with these asymptotic properties. Le présent document propose une nouvelle catégorie de distributions asymétriques suivant la loi t de Student (Asymmetric Student-t Distribution - AST). Il en examine les propriétés, suggère des procédures d’estimation et propose des applications dans le domaine de l’économétrie financière. Nous établissons des expressions analytiques pour la fonction de distribution cumulative, la fonction quantile, les moments et les quantités, ces aspects étant utiles dans certaines applications liées à l’économétrie financière, par exemple l’estimation du manque à gagner prévu. Nous mettons aussi de l’avant une représentation stochastique de la distribution. Même si la densité suivant la loi t de Student ne répond pas aux conditions habituelles de régularité pour l’estimation du maximum de vraisemblance, nous établissons néanmoins la consistance, la normalité asymptotique et l’efficacité des estimateurs du maximum de vraisemblance et arrivons à une expression analytique explicite en ce qui concerne la matrice de covariance asymptotique. Une étude selon la méthode Monte Carlo indique généralement une bonne conformité des échantillons finis avec ces propriétés asymptotiques.asymmetric distribution, expected shortfall, maximum likelihood estimation, distribution asymétrique, manque à gagner prévu, estimation du maximum de vraisemblance
Incentive Effects of Price Rises and Payment-System Changes on Chinese Agricultural Productivity Growth
This paper analyzes the relative importance of the major factors underlying the post-1978 increase in China's agricultural productivity. We present a method for assessing the role of price increases and strengthened individual incentives due to the introduction of the responsibility system. Data on pre- and post-1978 Chinese agricultural performance are used to calculate incentive indices, giving the fraction of their marginal product that peasants received under the pre-1978 regime.
Strategies for increasing the operating frequency range of vibration energy harvesters: a review
This paper reviews possible strategies to increase the operational frequency range of vibration-based micro-generators. Most vibration-based micro-generators are spring-mass-damper systems which generate maximum power when the resonant frequency of the generator matches the frequency of the ambient vibration. Any difference between these two frequencies can result in a significant decrease in generated power. This is a fundamental limitation of resonant vibration generators which restricts their capability in real applications. Possible solutions include the periodic tuning of the resonant frequency of the generator so that it matches the frequency of the ambient vibration at all times or widening the bandwidth of the generator. Periodic tuning can be achieved using mechanical or electrical methods. Bandwidth widening can be achieved using a generator array, a mechanical stopper, non-linear (e.g. magnetic) springs or bi-stable structures. Tuning methods can be classified into intermittent tuning (power is consumed periodically to tune the device) and continuous tuning (the tuning mechanism is continuously powered). This paper presents a comprehensive review of the principles and operating strategies for increasing the operating frequency range of vibration-based micro-generators presented in the literature to date. The advantages and disadvantages of each strategy are evaluated and conclusions are drawn regarding the relevant merits of each approach
A GENERALIZED ASYMMETRIC STUDENT-T DISTRIBUTION WITH APPLICATION TO FINANCIAL ECONOMETRICS
This paper proposes a new class of asymmetric Student-t (AST) distributions, and investigates its properties, gives procedures for estimation, and indicates applications in financial econometrics. We derive analytical expressions for the cdf, quantile function, moments, and quantities useful in financial econometric applications such as the expected shortfall. A stochastic representation of the distribution is also given. Although the AST density does not satisfy the usual regularity conditions for maximum likelihood estimation, we establish consistency, asymptotic normality and efficiency of ML estimators and derive an explicit analytical expression for the asymptotic covariance matrix. A Monte Carlo study indicates generally good finite-sample conformity with these asymptotic properties.
A Model for Donation Verification
In this paper, we introduce a model for donation verification. A randomized
algorithm is developed to check if the money claimed being received by the
collector is -approximation to the total amount money contributed
by the donors. We also derive some negative results that show it is impossible
to verify the donations under some circumstances
Thick-film Piezoelectric Vibration Harvesting –A HUMS Application
A vibration energy scavenger, manufactured entirely by thick-film construction, has been developed to power autonomous subsystems in an embedded health and useage system. The device is constrained to a 2mm thickness and has been designed for a specific helicopter application. The resulting power output is capable of powering an ‘off-the-shelf’ microcontroller based system
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