LLM-Enhanced Black-Litterman Portfolio OptimizationYoungbin Lee, Yejin Kim, Juhyeong Kim et al.
The Black-Litterman model addresses the sensitivity issues of tra- ditional mean-variance optimization by incorporating investor views, but systematically generating these views remains a key challenge. This study proposes and validates a systematic frame- work that translates return forecasts and predictive uncertainty from Large Language Models (LLMs) into the core inputs for the Black-Litterman model: investor views and their confidence lev- els. Through a backtest on S&P 500 constituents, we demonstrate that portfolios driven by top-performing LLMs significantly out- perform traditional baselines in both absolute and risk-adjusted terms. Crucially, our analysis reveals that each LLM exhibits a dis- tinct and consistent investment style which is the primary driver of performance. We found that the selection of an LLM is therefore not a search for a single best forecaster, but a strategic choice of an investment style whose success is contingent on its alignment with the prevailing market regime. The source code and data are available at https://github.com/youngandbin/LLM-BLM.
26.3RODec 5, 2023
SPOC: Imitating Shortest Paths in Simulation Enables Effective Navigation and Manipulation in the Real WorldKiana Ehsani, Tanmay Gupta, Rose Hendrix et al. · allen-ai
Reinforcement learning (RL) with dense rewards and imitation learning (IL) with human-generated trajectories are the most widely used approaches for training modern embodied agents. RL requires extensive reward shaping and auxiliary losses and is often too slow and ineffective for long-horizon tasks. While IL with human supervision is effective, collecting human trajectories at scale is extremely expensive. In this work, we show that imitating shortest-path planners in simulation produces agents that, given a language instruction, can proficiently navigate, explore, and manipulate objects in both simulation and in the real world using only RGB sensors (no depth map or GPS coordinates). This surprising result is enabled by our end-to-end, transformer-based, SPOC architecture, powerful visual encoders paired with extensive image augmentation, and the dramatic scale and diversity of our training data: millions of frames of shortest-path-expert trajectories collected inside approximately 200,000 procedurally generated houses containing 40,000 unique 3D assets. Our models, data, training code, and newly proposed 10-task benchmarking suite CHORES are available in https://spoc-robot.github.io.
17.0RODec 11, 2023
Harmonic Mobile ManipulationRuihan Yang, Yejin Kim, Rose Hendrix et al.
Recent advancements in robotics have enabled robots to navigate complex scenes or manipulate diverse objects independently. However, robots are still impotent in many household tasks requiring coordinated behaviors such as opening doors. The factorization of navigation and manipulation, while effective for some tasks, fails in scenarios requiring coordinated actions. To address this challenge, we introduce, HarmonicMM, an end-to-end learning method that optimizes both navigation and manipulation, showing notable improvement over existing techniques in everyday tasks. This approach is validated in simulated and real-world environments and adapts to novel unseen settings without additional tuning. Our contributions include a new benchmark for mobile manipulation and the successful deployment with only RGB visual observation in a real unseen apartment, demonstrating the potential for practical indoor robot deployment in daily life. More results are on our project site: https://rchalyang.github.io/HarmonicMM/
11.5LGJun 24, 2024
Achieving Fairness Across Local and Global Models in Federated LearningDisha Makhija, Xing Han, Joydeep Ghosh et al.
Achieving fairness across diverse clients in Federated Learning (FL) remains a significant challenge due to the heterogeneity of the data and the inaccessibility of sensitive attributes from clients' private datasets. This study addresses this issue by introducing \texttt{EquiFL}, a novel approach designed to enhance both local and global fairness in federated learning environments. \texttt{EquiFL} incorporates a fairness term into the local optimization objective, effectively balancing local performance and fairness. The proposed coordination mechanism also prevents bias from propagating across clients during the collaboration phase. Through extensive experiments across multiple benchmarks, we demonstrate that \texttt{EquiFL} not only strikes a better balance between accuracy and fairness locally at each client but also achieves global fairness. The results also indicate that \texttt{EquiFL} ensures uniform performance distribution among clients, thus contributing to performance fairness. Furthermore, we showcase the benefits of \texttt{EquiFL} in a real-world distributed dataset from a healthcare application, specifically in predicting the effects of treatments on patients across various hospital locations.
1.2CVDec 8, 2020
Texture Transform Attention for Realistic Image InpaintingYejin Kim, Manri Cheon, Junwoo Lee
Over the last few years, the performance of inpainting to fill missing regions has shown significant improvements by using deep neural networks. Most of inpainting work create a visually plausible structure and texture, however, due to them often generating a blurry result, final outcomes appear unrealistic and make feel heterogeneity. In order to solve this problem, the existing methods have used a patch based solution with deep neural network, however, these methods also cannot transfer the texture properly. Motivated by these observation, we propose a patch based method. Texture Transform Attention network(TTA-Net) that better produces the missing region inpainting with fine details. The task is a single refinement network and takes the form of U-Net architecture that transfers fine texture features of encoder to coarse semantic features of decoder through skip-connection. Texture Transform Attention is used to create a new reassembled texture map using fine textures and coarse semantics that can efficiently transfer texture information as a result. To stabilize training process, we use a VGG feature layer of ground truth and patch discriminator. We evaluate our model end-to-end with the publicly available datasets CelebA-HQ and Places2 and demonstrate that images of higher quality can be obtained to the existing state-of-the-art approaches.