Online portfolio management via deep reinforcement learning with high-frequency data     

《Information processing & management》2023,60(3):103247

Recently, models that based on Transformer (Vaswani et al., 2017) have yielded superior results in many sequence modeling tasks. The ability of Transformer to capture long-range dependencies and interactions makes it possible to apply it in the field of portfolio management (PM). However, the built-in quadratic complexity of the Transformer prevents its direct application to the PM task. To solve this problem, in this paper, we propose a deep reinforcement learning-based PM framework called LSRE-CAAN, with two important components: a long sequence representations extractor and a cross-asset attention network. Direct Policy Gradient is used to solve the sequential decision problem in the PM process. We conduct numerical experiments in three aspects using four different cryptocurrency datasets, and the empirical results show that our framework is more effective than both traditional and state-of-the-art (SOTA) online portfolio strategies, achieving a 6x return on the best dataset. In terms of risk metrics, our framework has an average volatility risk of 0.46 and an average maximum drawdown risk of 0.27 across the four datasets, both of which are lower than the vast majority of SOTA strategies. In addition, while the vast majority of SOTA strategies maintain a poor turnover rate of approximately greater than 50% on average, our framework enjoys a relatively low turnover rate on all datasets, efficiency analysis illustrates that our framework no longer has the quadratic dependency limitation.  相似文献   

Understanding the majority opinion formation process in online environments: An exploratory approach to Facebook     

Sangwon Lee  Taehyun Ha  Daeho Lee  Jang Hyun Kim 《Information processing & management》2018,54(6):1115-1128

Majority opinions are often observed in the process of social interaction in online communities, but few studies have addressed this issue with empirical data. To identify an appropriate theoretical lens for explaining majority opinions in online environments, this study investigates the skewness statistic, which indicates how many “Likes” are skewed to major comments on a Facebook post; 3489 posts are gathered from the New York Times Facebook page for 100 days. Results show that time is not an influential factor for skewness increase, but the number of comments has a logarithmic relation to skewness increase. Regression models and Chow tests show that this relationship differs depending on topic contents, but majority opinions are significant in overall. These results suggest that the bandwagon effect due to social affordance can be a suitable mechanism for explaining majority opinion formation in an online environment and that majority opinions in online communities can be misperceived due to overestimation.  相似文献   

Assessing the effects of consumers’ product evaluations and trust on repurchase intention in e-commerce environments     

《International Journal of Information Management》2018

This study enhances the existing literature on online trust by integrating the consumers’ product evaluations model and technology adoption model in e-commerce environments. In this study, we investigate how perceived value influences the perceptions of online trust among online buyers and their willingness to repurchase from the same website. This study proposes a research model that compares the relative importance of perceived value and online trust to perceived usefulness in influencing consumers’ repurchase intention. The proposed model is tested using data collected from online consumers of e-commerce. The findings show that although trust and e-commerce adoption components are critical in influencing repurchase intention, product evaluation factors are also important in determining repurchase intention. Perceived quality is influenced by the perceptions of competitive price and website reputation, which in turn influences perceived value; and perceived value, website reputation, and perceived risk influence online trust, which in turn influence repurchase intention. The findings also indicate that the effect of perceived usefulness on repurchase intention is not significant whereas perceived value and online trust are the major determinants of repurchase intention. Major theoretical contributions and practical implications are discussed.  相似文献   

电子书用户使用意愿影响模型构建与实证     

杨方铭  张志强 《图书情报工作》2020,64(9):85-94

[目的/意义] 探究用户使用电子书意愿的影响因素，以有助于电子书产业走出缓慢的发展困境。[方法/过程] 以UTAUT2、使用满足理论为基础，从需求满足和外部情景因素两个层面构建影响因素模型，并将需求满足细化为内容需求、社交互动需求和休闲娱乐需求3个测量变量。采用问卷调查方法收集有效样本1 013份，使用AMOS21软件对模型进行验证。[结果/结论] 研究发现，需求满足、阅读习惯、价格价值、社会影响对使用意愿有正向影响作用，而激励措施对使用意愿有负向影响作用，努力期望对使用意愿的影响不显著，并依据研究结果提出促进电子书产业发展的建议。  相似文献   

Using an interactive platform to recognize the intersection of social and spatial inequalities     

Lisa Poling  Travis Weiland 《Teaching Statistics》2020,42(3):108-116

With the creation of interactive tasks that allow students to explore spatial ways of knowing in conjunction with their other ways of knowing the world, we create a space where students can make sense of information as they organize these new ideas into their already existing schema. Through the use of a Common Online Data Analysis Platform (CODAP) and data from Public Use Microdata Areas (PUMA), students can explore the communities in which they live and work, critically examining opportunities and challenges within a defined space.  相似文献   

Perspectives on peer-review: eight years of Aropä     

Helen Purchase  John Hamer 《Assessment & Evaluation in Higher Education》2018,43(3):473-487

Drawing on eight years of observation and correspondence from the Aropä project, we report on the issues important to academics who conduct on-line student peer-review activities, and the features they request to support their own instructional designs. The Aropä project is unusually broad, having so far supported over 100 instructors at 20 institutions across nine countries, almost one thousand activities, and more than 36,000 individual students. As the designers, developers, maintainers and advisors of an evolving and widely used tool, we use our unique position to report on the perspectives and priorities of instructors and students in this important and developing field.  相似文献   

Adoption of O2O food delivery services in South Korea: The moderating role of moral obligation in meal preparation     

《International Journal of Information Management》2019

Most studies on O2O services have focused solely on the technological merits of mobile applications, overlooking the role of the value systems that underlie people’s lifestyles.In contrast, this research sheds light on how people’s value systems influence their decision to adopt food delivery applications. Particularly, it proposes that people’s moral obligation in meal preparation can change the mode of thinking that guides their adoption decision. Namely, moral obligation is assumed to restrict people from acting on their basic convenience orientation in meal preparation. Empirical results have supported this assumption by showing that people with a high moral obligation (or married people) are more reluctant to convert their basic convenience-seeking tendencies into actual adoption intention than those with a low moral obligation (or single people). The important theoretical and managerial implications of these results are also discussed.  相似文献   

A Practical Guide to Scholarly Activity for Health Sciences Librarians     

Terri Gotschall  Shalu Gillum  Nadine Dexter 《Medical reference services quarterly》2020,39(3):220-237

Abstract

This guide to scholarly activities provides early- and mid-career health sciences librarians with a path to immersing in scholarly activities. The four levels walk librarians through increasing stages of scholarship. Early-career librarians will begin at the first level, navigating from discovering mentors and areas of research interest to level two, publishing a resource or book review and finding their first public speaking opportunity. More experienced librarians will find where they are on the path and continue to build their scholarship all the way to conducting and publishing original research and becoming leaders in their field.  相似文献   

COVID-19, digital privacy,and the social limits on data-focused public health responses     

《International Journal of Information Management》2020

The implementation of digital contact tracing applications around the world to help reduce the spread of the COVID-19 pandemic represents one of the most ambitious uses of massive-scale citizen data ever attempted. There is major divergence among nations, however, between a “privacy-first” approach which protects citizens’ data at the cost of extremely limited access for public health authorities and researchers, and a “data-first” approach which stores large amounts of data which, while of immeasurable value to epidemiologists and other researchers, may significantly intrude upon citizens’ privacy. The lack of a consensus on privacy protection in the contact tracing process creates risks of non-compliance or deliberate obfuscation from citizens who fear revealing private aspects of their lives – a factor greatly exacerbated by recent major scandals over online privacy and the illicit use of citizens’ digital information, which have heightened public consciousness of these issues and created significant new challenges for any collection of large-scale public data. While digital contact tracing for COVID-19 remains in its infancy, the lack of consensus around best practices for its implementation and for reassuring citizens of the protection of their privacy may already have impeded its capacity to contribute to the pandemic response.  相似文献   

Audience management,online turbulence and lurking in social networking services: A transactional process of stress perspective     

《International Journal of Information Management》2021

In social networking services (SNSs), users’ unclear understanding of the large and invisible audience increases the chances of online turbulence, which is a key source of SNS-induced stress. This growing phenomenon has gained increasing attention in academia and industry due to the undesirable consequences for users and SNS platforms. In this study, we draw from the transactional model of stress to examine how audience management strategies impact online turbulence and lead to neglected unintended audience concern and lurking. We also investigate the role of self-monitoring as a stress inhibitor. We test our model with data collected from 301 SNS users. The results show that the four types of audience management strategies have different effects on online turbulence, which significantly impacts neglected unintended audience concern especially when users have high self-monitoring skills. We believe that this work contributes, both from scientific and practical standpoints, to the understanding of the interventions and stressful responses of online turbulence in SNSs.  相似文献