3 papers
q-fin.RM2025
Compensation-based risk-sharing
Jan Dhaene, Atibhav Chaudhry, Ka Chun Cheung +1
This paper studies the mathematical problem of allocating payouts (compensations) in an endowment contingency fund using a risk-sharing rule that satisfies full allocation. Besides…
q-fin.RM2025
Risk-minimizing reinsurance with adverse selection
Ka Chun Cheung, Sheung Chi Phillip Yam, Fei Lung Yuen +1
This paper provides a comprehensive characterization of optimal reinsurance mechanisms under adverse selection when a monopolistic reinsurer faces a continuum of insurers with mult…
cs.LG2024
Unlocking Continual Learning Abilities in Language Models
Wenyu Du, Shuang Cheng, Tongxu Luo +5
Language models (LMs) exhibit impressive performance and generalization capabilities. However, LMs struggle with the persistent challenge of catastrophic forgetting, which undermin…