Smoothing splines are a popular method for performing nonparametric regression. Most important in the implementation of this method is the choice of the smoothing parameter. This article provides a simulation study of several smoothing parameter selection methods, including two so{called risk estimation methods. To the best of the author's knowledge, the empirical performances of these two risk...

This paper develops a continuous time risk-sensitive portfolio optimization model with a general transaction cost structure and where the individual securities or asset categories are explicitly affected by underlying economic factors. The security prices and factors follow diffusion processes with the drift and diffusion coefficients for the securities being functions of the factor levels. We ...

STUDY QUESTION Is it possible to distinguish metabolically healthy polycystic ovary syndrome (MH-PCOS) from metabolically unhealthy PCOS (MU-PCOS) by simple diagnostic tools such as body mass index (BMI), waist/hip ratio (WHR), at-risk category suggested by Androgen Excess Society (AES) and visceral adiposity index (VAI)? SUMMARY ANSWER VAI could be an easy and useful tool in clinical practic...

Criterion-referenced measures, such as those used in the assessment of crime and violence, prioritize predictive accuracy (discrimination) at the expense of construct validity. In this article, we compared the discrimination and incremental validity of three commonly used criterion-referenced measures for sex offenders (Rapid Risk Assessment for Sex Offence Recidivism [RRASOR], Static-99R, and ...

In this paper we consider the contextual multi-armed bandit problem for linear payoffs under a risk-averse criterion. At each round, contexts are revealed arm, and decision maker chooses one arm to pull receives corresponding reward. particular, mean-variance as risk criterion, best is with largest We apply Thompson sampling algorithm disjoint model, provide comprehensive regret analysis varian...

Cost-benefit analysis (CBA) is commonly applied as a tool for deciding on risk protection. With CBA, one can identify risk mitigation strategies that lead to an optimal tradeoff between the costs of the mitigation measures and the achieved risk reduction. In practical applications of CBA, the strategies are typically evaluated through efficiency indicators such as the benefit-cost ratio (BCR) a...