Publication Library
A Survey on Multi-Generative Agent System Recent Advances and New Frontiers
Description: Multi-generative agent systems (MGASs) have become a research hotspot since the rise of large language models (LLMs). However, with the continuous influx of new related works, the existing reviews struggle to capture them comprehensively. This paper presents a comprehensive survey of these studies. We first discuss the definition of MGAS, a framework encompassing much of previous work. We provide an overview of the various applications of MGAS in (i) solving complex tasks, (ii) simulating specific scenarios, and (iii) evaluating generative agents. Building on previous studies, we also highlight several challenges and propose future directions for research in this field.
Created At: 24 December 2024
Updated At: 24 December 2024
Quantum teleportation coexisting with classical communications in optical fiber
Description: The ability for quantum and conventional networks to operate in the same optical fibers would aid the deployment of quantum network technology on a large scale. Quantum teleportation is a fundamental operation in quantum networking, but has yet to be demonstrated in fibers populated with high-power conventional optical signals. Here we report, to the best of our knowledge, the first demonstration of quantum teleportation over fibers carrying conventional telecommunications traffic. Quantum state transfer is achieved over a 30.2-km fiber carrying 400-Gbps C-band classical traffic with a Bell state measurement performed at the fiber’s midpoint. To protect quantum fidelity from spontaneous Raman scattering noise, we use optimal O-band quantum channels, narrow spectro-temporal filtering, and multi-photon coincidence detection. Fidelity is shown to be well maintained with an elevated C-band launch power of 18.7 dBm for the single-channel 400-Gbps signal, which we project could support multiple classical channels totaling many terabits/s aggregate data rates. These results show the feasibility of advanced quantum and classical network applications operating within a unified fiber infrastructure.
Created At: 23 December 2024
Updated At: 23 December 2024
PolyModel for Hedge Funds Portfolio Construction Using Machine Learning
Description: The domain of hedge fund investments is undergoing significant transformation, influenced by the rapid expansion of data availability and the advancement of analytical technologies. This study explores the enhancement of hedge fund investment performance through the integration of machine learning techniques, the application of PolyModel feature selection, and the analysis of fund size. We address three critical questions: (1) the effect of machine learning on trading performance, (2) the role of PolyModel feature selection in fund selection and performance, and (3) the comparative reliability of larger versus smaller funds. Our findings offer compelling insights. We observe that while machine learning techniques enhance cumulative returns, they also increase annual volatility, indicating variability in performance. PolyModel feature selection proves to be a robust strategy, with approaches that utilize a comprehensive set of features for fund selection outperforming more selective methodologies. Notably, Long-Term Stability (LTS) effectively manages portfolio volatility while delivering favorable returns. Contrary to popular belief, our results suggest that larger funds do not consistently yield better investment outcomes, challenging the assumption of their inherent reliability. This research highlights the transformative impact of data-driven approaches in the hedge fund investment arena and provides valuable implications for investors and asset managers. By leveraging machine learning and PolyModel feature selection, investors can enhance portfolio optimization and reassess the dependability of larger funds, leading to more informed investment strategies.
Created At: 19 December 2024
Updated At: 19 December 2024
Deep Learning Algorithms for Hedging with Frictions
Description: This work studies the deep learning-based numerical algorithms for optimal hedging problems in markets with general convex transaction costs on the trading rates, focusing on their scalability of trading time horizon. Based on the comparison results of the FBSDE solver by Han, Jentzen, and E (2018) and the Deep Hedging algorithm by Buehler, Gonon, Teichmann, and Wood (2019), we propose a Stable Transfer Hedging (ST-Hedging) algorithm, to aggregate the convenience of the leading-order approximation formulas and the accuracy of the deep learning-based algorithms. Our ST-Hedging algorithm achieves the same state-of-the-art performance in short and moderately long time horizon as FBSDE solver and Deep Hedging, and generalize well to long time horizon when previous algorithms become suboptimal. With the transfer learning technique, ST-Hedging drastically reduce the training time, and shows great scalability to high-dimensional settings. This opens up new possibilities in model-based deep learning algorithms in economics, finance, and operational research, which takes advantages of the domain expert knowledge and the accuracy of the learning-based methods.
Created At: 19 December 2024
Updated At: 19 December 2024
Hunting Tomorrows Leaders Using Machine Learning to Forecast SP 500 Additions and Removal
Description: This study applies machine learning to predict S&P 500 membership changes: key events that profoundly impact investor behavior and market dynamics. Quarterly data from WRDS datasets (2013 onwards) was used, incorporating features such as industry classification, financial data, market data, and corporate governance indicators. Using a Random Forest model, we achieved a test F1 score of 0.85, outperforming logistic regression and SVC models. This research not only showcases the power of machine learning for financial forecasting but also emphasizes model transparency through SHAP analysis and feature engineering. The model's real world applicability is demonstrated with predicted changes for Q3 2023, such as the addition of Uber (UBER) and the removal of SolarEdge Technologies (SEDG). By incorporating these predictions into a trading strategy i.e. buying stocks announced for addition and shorting those marked for removal, we anticipate capturing alpha and enhancing investment decision making, offering valuable insights into index dynamics
Created At: 19 December 2024
Updated At: 19 December 2024