United States

Portfolio management via reinforcement learning is at the forefront of fintech research, which explores how to optimally reallocate a fund into different financial assets over the long term by trial-and-error. Existing methods are impractical since they usually assume each reallocation can be finished immediately and thus ignoring the price slippage as part of the trading cost. To address these issues, we propose a hierarchical reinforced stock trading system for portfolio management (HRPM). Concretely, we decompose the trading process into a hierarchy of portfolio management over trade execution and train the corresponding policies. The high-level policy gives portfolio weights at a lower frequency to maximize the long-term profit and invokes the low-level policy to sell or buy the corresponding shares within a short time window at a higher frequency to minimize the trading cost. We train two levels of policies via a pre-training scheme and an iterative training scheme for data efficiency. Extensive experimental results in the U.S. market and the China market demonstrate that HRPM achieves significant improvement against many state-of-the-art approaches.

AAAI 2021

Commission Fee Is Not Enough: A Hierarchical Reinforced Framework for Portfolio Management

Welcome to the 18th Conference of the European Chapter of the Association for Computational Linguistics (EACL). Continuing its mission of expanding and involving the science community of all European countries, EACL has selected the Malta community for the 18th EACL. Considering the importance of physical interaction among researchers, the conference will be held at the Hotel Radisson Blu, St. Julians, in Malta, from 17 to 22 of March, 2024. The conference will also feature the possibility to participate virtually. As the flagship European conference in the field of computational linguistics, EACL welcomes European and international researchers covering a broad spectrum of research areas that are concerned with computational approaches to natural language. 
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EACL 2024

As the flagship European conference in the field of computational linguistics, EACL welcomes European and international researchers covering a broad spectrum of research areas that are concerned with computational approaches to natural language.

technical paper

The purpose of the AAAI conference is to promote research in artificial intelligence (AI) and scientific exchange among AI researchers, practitioners, scientists, and engineers in affiliated disciplines. 

Learning representations for graphs plays a critical role in a wide spectrum of downstream applications. In this paper, we summarize the limitations of the prior works in three folds: representation space, modeling dynamics and modeling uncertainty. To bridge this gap, we propose to learn dynamic graph representations  in hyperbolic space, for the first time, which aims to infer stochastic node representations. Working with hyperbolic space, we present a novel Hyperbolic Variational Graph Neural Network, referred to as HVGNN. In particular, to model the dynamics, we introduce a Temporal GNN (TGNN) based on a theoretically grounded time encoding approach. To model the uncertainty, we devise a hyperbolic graph variational autoencoder built upon the proposed TGNN to generate stochastic node representations of hyperbolic normal distributions. Furthermore, we introduce a reparameterisable sampling algorithm for the hyperbolic normal distribution to enable the gradient-based learning of HVGNN.  Extensive experiments show that HVGNN outperforms state-of-the-art baselines on real-world datasets.

Hyperbolic Variational Graph Neural Network for Modeling Dynamic Graphs

There is a growing concern that the recent progress made in AI, especially regarding the predictive competence of deep learning models, will be undermined by a failure to properly explain their operation and outputs. In response to this disquiet, counterfactual explanations have become very popular in eXplainable AI (XAI) due to their asserted computational, psychological, and legal benefits. In contrast however, semi-factuals (which appear to be equally useful) have surprisingly received no attention. Most counterfactual methods address tabular rather than image data, partly because the non-discrete nature of images makes good counterfactuals difficult to define; indeed, generating plausible counterfactual images which lie on the data manifold is also problematic. This paper advances a novel method for generating plausible counterfactuals and semi-factuals for black-box CNN classifiers doing computer vision. The present method, called PlausIble Exceptionality-based Contrastive Explanations (PIECE), modifies all â€œexceptionalâ€ features in a test image to be â€œnormalâ€ from the perspective of the counterfactual class, to generate plausible counterfactual images. Two controlled experiments compare this method to others in the literature, showing that PIECE generates highly plausible counterfactuals (and the best semi-factuals) on several benchmark measures.

On Generating Plausible Counterfactual and Semi-Factual Explanations for Deep Learning

We propose a novel image-to-pencil translation method that could not only generate high-quality pencil sketches but also offer the drawing process. Existing pencil sketch algorithms are based on texture rendering rather than the direct imitation of strokes, making them unable to show the drawing process but only a final result. To address this challenge, we first establish a pencil stroke imitation mechanism. Next, we develop a framework with three branches to guide stroke drawing: the first branch guides the direction of the strokes, the second branch determines the shade of the strokes, and the third branch enhances the details further. Under this framework's guidance, we can produce a pencil sketch by drawing one stroke every time. Our method is fully interpretable. Comparison with existing pencil drawing algorithms shows that our method is superior to others in terms of texture quality, style, and user evaluation. Our code and supplementary material are now available at: https://github.com/TZYSJTU/Sketch-Generation-withDrawing-Process-Guided-by-Vector-Flow-and-Grayscale

Sketch Generation with Drawing Process Guided by Vector Flow and Grayscale

We study the computational complexity of abstract argumentation
semantics based on weak admissibility, a recently introduced concept 
to deal with arguments of self-defeating nature.
Our results reveal that semantics based
on weak admissibility are of much higher complexity
(under typical assumptions) compared to all
argumentation semantics which have been analysed in 
terms of complexity so far. In fact, we show 
PSPACE-completeness of
all non-trivial standard decision problems for weak-admissible based semantics.
We then investigate potential tractable fragments and show that
restricting the frameworks under consideration to certain graph-classes 
significantly reduces the complexity.            
As a strategy for implementation we also provide a polynomial-time reduction 
to DATALOG with stratified negation.

Recursion in Abstract Argumentation is Hard --- On the Complexity of Semantics Based on Weak Admissibility

In this paper, we study a family of conservative bandit problems (CBPs) with sample-path reward constraints, i.e., the learner's reward performance must be at least as well as a given baseline at any time. We propose a One-Size-Fits-All solution to CBPs and present its applications to three encompassed problems, i.e. conservative multi-armed bandits (CMAB), conservative linear bandits (CLB) and conservative contextual combinatorial bandits (CCCB). Different from previous works which consider high probability constraints on the expected reward, we focus on a sample-path constraint on the actually received reward, and achieve better theoretical guarantees (T-independent additive regrets instead of T-dependent) and empirical performance. Furthermore, we extend the results and consider a novel  conservative mean-variance bandit problem (MV-CBP), which measures the learning performance with both the expected reward and variability. For this extended problem, we provide a novel algorithm with O(1/T) normalized additive regrets (T-independent in the cumulative form) and validate this result through empirical evaluation.

A One-Size-Fits-All Solution to Conservative Bandit Problems

Claim-augmented argumentation frameworks (CAFs) provide a formal basis to analyze conclusion-oriented problems in argumentation by adapting a claim-focused perspective; they extend Dung AFs by associating a claim to each argument representing its conclusion. This additional layer offers various possibilities to generalize abstract argumentation semantics as the re-interpretation of arguments in terms of their claims can be performed at different stages in the evaluation of the framework: One approach is to perform the evaluation entirely at argument-level before interpreting arguments by their claims (inherited semantics); alternatively, one can perform certain steps in the process (e.g., maximization) already in terms of the argumentsâ€™ claims (claim-level semantics). The inherent difference of these approaches not only potentially results in different outcomes but, as we will show in this paper, is also mirrored in terms of computational complexity. To this end, we provide a comprehensive complexity analysis of the four main reasoning problems with respect to claim-level variants of preferred, naive, stable, semi-stable and stage semantics and complete the complexity results of inherited semantics by providing corresponding results for semi-stable and stage semantics. Moreover, we show that deciding, whether for a given framework the two approaches of a semantics coincide (concurrence) can be surprisingly hard, ranging up to the third level of the polynomial hierarchy.

The Complexity Landscape of Claim-Augmented Argumentation Frameworks

The reading of arbitrarily-shaped text has received increasing research attention. However, existing text spotters are mostly built on two-stage frameworks or character-based methods, which suffer from either Non-Maximum Suppression (NMS), Region-of-Interest (RoI) operations, or character-level annotations. In this paper, to address the above problems, we propose a novel fully convolutional Point Gathering Network (PGNet) for reading arbitrarily-shaped text in real-time. The PGNet is a single-shot text spotter, where the pixel-level character classification map is learned with proposed PG-CTC loss avoiding the usage of character-level annotations. With a PG-CTC decoder, we gather high-level character classification vectors from two-dimensional space and decode them into text symbols without NMS and RoI operations involved, which guarantees high efficiency. Additionally, reasoning the relations between each character and its neighbors, a graph refinement module (GRM) is proposed to optimize the coarse recognition and improve the end-to-end performance. Experiments prove that the proposed method achieves competitive accuracy, meanwhile significantly improving the running speed. In particular, in Total-Text, it runs at 46.7 FPS, surpassing the previous spotters with a large margin.

PGNet: Real-Time Arbitrarily-Shaped Text Spotting with Point Gathering Network

Deep learning based human parsing methods usually require a large amount of training data to reach high performance. However, it is costly and time-consuming to obtain manually annotated high quality labels for a large scale dataset. To alleviate annotation efforts, we propose a new semi-supervised human parsing method for which we only need a small number of labels for training.
 First, we generate high quality pseudo labels on unlabeled images using a hierarchical information passing network (HIPN), which reasons human part segmentation in a coarse to fine manner.
 Furthermore, we develop a noise-tolerant hybrid learning method, which takes advantage of positive and negative learning to better handle noisy pseudo labels.
 When evaluated on standard human parsing benchmarks, our HIPN achieves a new state-of-the-art  performance. Moreover, our noise-tolerant hybrid learning method further improves the performance and outperforms the state-of-the-art semi-supervised method (i.e. GRN) by 4.47 points w.r.t mIoU on the LIP dataset.

Hierarchical Information Passing Based Noise-Tolerant Hybrid Learning for Semi-Supervised Human Parsing

The object of Weakly-supervised Temporal Action Localization (WS-TAL) is to localize all action instances in an untrimmed video with only video-level supervision. Due to the lack of frame-level annotations during training, current WS-TAL methods rely on attention mechanisms to localize the foreground snippets or frames that contribute to the video-level classification task. This strategy frequently confuse context with the actual action, in the localization result. Separating action and context is a core problem for precise WS-TAL, but it is very challenging and has been largely ignored in the literature. In this paper, we introduce an Action-Context Separation Network (ACSNet) that explicitly takes into account context for accurate action localization. It consists of two branches (i.e., the Foreground-Background branch and the Action-Context branch). The Foreground-Background branch first distinguishes foreground from background within the entire video while the Action-Context branch further separates the foreground as action and context. We associate video snippets with two latent components (i.e., a positive component and a negative component), and their different combinations can effectively characterize foreground, action and context. Furthermore, we introduce extended labels with auxiliary context categories to facilitate the learning of action-context separation. Experiments on THUMOS14 and ActivityNet v1.2/v1.3 datasets demonstrate the ACSNet outperforms existing state-of-the-art WS-TAL methods by a large margin.

ACSNet: Action-Context Separation Network for Weakly Supervised Temporal Action Localization

Recent years have witnessed the growing interest in disease severity grading, especially for ocular diseases based on fundus images. The existing grading methods are usually trained with high resolution (HR) images. However, the grading performance decreases a lot given low resolution (LR) images, which are common in practice. In this paper, we mainly focus on diabetic retinopathy (DR) grading with LR fundus images. According to our analysis on the DR task, we find that: 1) image super-resolution (ISR) can boost the performance of DR grading and lesion segmentation; 2) the lesion segmentation regions of fundus images are highly consistent with pathological regions for DR grading. Thus, we propose a deep multi-task learning based DR grading (DeepMT-DR) method for LR fundus images, which simultaneously handles the auxiliary tasks of ISR and lesion segmentation. Specifically, based on our findings, we propose a hierarchical deep learning structure that simultaneously processes the low-level task of ISR, the mid-level task of lesion segmentation and the high-level task of DR grading. Moreover, a novel task-aware loss is developed to encourage ISR to focus on the pathological regions for its subsequent tasks: lesion segmentation and DR grading. Extensive experimental results show that our DeepMT-DR method significantly outperforms other state-of-the-art methods for DR grading over two public datasets. In addition, our method achieves comparable performance in two auxiliary tasks of ISR and lesion segmentation.

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