Kun Zhang

Du-Yi Wang, Guo Liang, Kun Zhang et al.

Rapidly evolving market conditions call for real-time risk monitoring, but its online estimation remains challenging. In this paper, we study the online estimation of one of the most widely used risk measures, Value at Risk (VaR). Its accurate and reliable estimation is essential for timely risk control and informed decision-making. We propose to use the quantile regression forest in the offline-simulation-online-estimation (OSOA) framework. Specifically, the quantile regression forest is trained offline to learn the relationship between the online VaR and risk factors, and real-time VaR estimates are then produced online by incorporating observed risk factors. To further ensure reliability, we develop a conformalized estimator that calibrates the online VaR estimates. To the best of our knowledge, we are the first to leverage conformal calibration to estimate real-time VaR reliably based on the OSOA formulation. Theoretical analysis establishes the consistency and coverage validity of the proposed estimators. Numerical experiments confirm the proposed method and demonstrate its effectiveness in practice.

Haoran Lai, Zihang Jiang, Kun Zhang et al.

Developing 3D vision-language models with robust clinical reasoning remains a challenge due to the inherent complexity of volumetric medical imaging, the tendency of models to overfit superficial report patterns, and the lack of interpretability-aware reward designs. In this paper, we propose Med3D-R1, a reinforcement learning framework with a two-stage training process: Supervised Fine-Tuning (SFT) and Reinforcement Learning (RL). During SFT stage, we introduce a residual alignment mechanism to bridge the gap between high-dimensional 3D features and textual embeddings, and an abnormality re-weighting strategy to emphasize clinically informative tokens and reduce structural bias in reports. In RL stage, we redesign the consistency reward to explicitly promote coherent, step-by-step diagnostic reasoning. We evaluate our method on medical multiple-choice visual question answering using two 3D diagnostic benchmarks, CT-RATE and RAD-ChestCT, where our model attains state-of-the-art accuracies of 41.92\% on CT-RATE and 44.99\% on RAD-ChestCT. These results indicate improved abnormality diagnosis and clinical reasoning and outperform prior methods on both benchmarks. Overall, our approach holds promise for enhancing real-world diagnostic workflows by enabling more reliable and transparent 3D medical vision-language systems.