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Record W4285060767 · doi:10.1109/lcsys.2022.3185404

Toward Scalable Risk Analysis for Stochastic Systems Using Extreme Value Theory

2022· article· en· W4285060767 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.
fundA Canadian funder is recorded on the work.

Bibliographic record

VenueIEEE Control Systems Letters · 2022
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicFinancial Risk and Volatility Modeling
Canadian institutionsUniversity of Toronto
FundersNatural Sciences and Engineering Research Council of CanadaUniversity of Toronto
KeywordsEstimatorExtrapolationMathematicsContext (archaeology)Extreme value theoryRandom variableApplied mathematicsStatistics

Abstract

fetched live from OpenAlex

We aim to analyze the behaviour of a finite-time stochastic system, whose model is not available, in the context of more rare and harmful outcomes. Standard estimators are not effective in making predictions about such outcomes due to their rarity. Instead, we use Extreme Value Theory (EVT), the theory of the long-term behaviour of normalized maxima of random variables. We quantify risk using the upper-semideviation P(Y)≔(max{Y-μ,0}) of an integrable random variable Y with mean μ≔E(Y). P(Y) is the risk-aware part of the common mean-upper-semideviation functional φλ(Y)≔μ+λρ(Y) with λ0,1. To assess more rare and harmful outcomes, we propose an EVT-based estimator for ρ(Y) in a given fraction of the worst cases. We show that our estimator enjoys a closed-form representation in terms of the popular conditional value-at-risk functional. In experiments, we illustrate the extrapolation power of our estimator using a small number of i.i.d. samples (<50). Our approach is useful for estimating the risk of finite-time systems when models are inaccessible and data collection is expensive. The numerical complexity does not grow with the size of the state space.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.004
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.720
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0040.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0010.001
Science and technology studies0.0010.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.065
GPT teacher head0.224
Teacher spread0.160 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it