This paper addresses time consistency of risk-averse optimal stopping in stochastic optimization. It is demonstrated that time-consistent optimal stopping entails a specific structure of the functi…
For low fineness extrinsic Fabry-Perot inter-ferometer (EFPI) sensors, the discrete gap transform (DGT) algorithm can be usually adopted to acquire the cavity length, and the magnitude of its demod…
The existing literature finds that information not captured by traditional term structure factors helps predict excess bond returns. When estimating no-arbitrage affine term structure models, align…
We propose statistical inferential procedures for nonparametric panel data models with interactive fixed effects in a kernel ridge regression framework. Compared with the traditional sieve methods,…
When there are infinitely many scenarios, the current studies of two-stage stochastic programming problems rely on the relatively complete recourse assumption. However, such an assumption can be un…