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Record W4399828878 · doi:10.1142/9789811285530_0003

Bounds on the Expectation of a Convex Function of a Random Variable: With Applications to Stochastic Programming

2024· book-chapter· en· W4399828878 on OpenAlex
Chong Huang, W. T. ZIEMBA, Alona Ben‐Tal

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.

Bibliographic record

VenueWorld Scientific series in finance · 2024
Typebook-chapter
Languageen
FieldDecision Sciences
TopicRisk and Portfolio Optimization
Canadian institutionsUniversity of British ColumbiaMemorial University of Newfoundland
Fundersnot available
KeywordsMathematicsRegular polygonMathematical optimizationStochastic programmingComputer scienceApplied mathematicsGeometry

Abstract

fetched live from OpenAlex

This paper is concerned with the determination of tight lower and upper bounds on the expectation of a convex function of a random variable. The classic bounds are those of Jensen and Edmundson-Madansky and were recently generalized by Ben-Tal and Hochman. This paper indicates how still sharper bounds may be generated based on the simple idea of sequentially applying the classic bounds to smaller and smaller subintervals of the range of the random variable. The bounds are applicable in the multivariate case if the random variables are independent. In the dependent case bounds based on the Edmundson-Madansky inequality are not available; however, bounds may be developed using the conditional form of Jensen’s inequality. We give some examples to illustrate the geometrical interpretation and the calculations involved in the numerical determination of the new bounds. Special attention is given to the problem of maximizing a nonlinear program that has a stochastic objective function.

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)0.002
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Other · Consensus signal: none
Teacher disagreement score0.898
Threshold uncertainty score0.564

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.002
Science and technology studies0.0000.001
Scholarly communication0.0000.000
Open science0.0010.000
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 head0.040
GPT teacher head0.297
Teacher spread0.257 · 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