Discrete-Time Mean-Variance Strategy Based on Reinforcement Learning

This paper studies a discrete-time mean-variance model based on reinforcement learning. Compared with its continuous-time counterpart in \cite{zhou2020mv}, the discrete-time model makes more general assumptions about the asset's return distribution. Using entropy to measure the cost of exploration, we derive the optimal investment strategy, whose density function is also Gaussian type. Additionally, we design the corresponding reinforcement learning algorithm. Both simulation experiments and empirical analysis indicate that our discrete-time model exhibits better applicability when analyzing real-world data than the continuous-time model.

Combining deep learning and crowdsourcing geo-images to predict housing quality in rural China

Housing quality is an essential proxy for regional wealth, security and health. Understanding the distribution of housing quality is crucial for unveiling rural development status and providing political proposals. However,present rural house quality data highly depends on a top-down, time-consuming survey at the national or provincial level but fails to unpack the housing quality at the village level. To fill the gap between accurately depicting rural housing quality conditions and deficient data,we collect massive rural images and invite users to assess their housing quality at scale. Furthermore, a deep learning framework is proposed to automatically and efficiently predict housing quality based on crowd-sourcing rural images.

A Histogram Thresholding Improvement to Mask R-CNN for Scalable Segmentation of New and Old Rural Buildings

Mapping new and old buildings are of great significance for understanding socio-economic development in rural areas. In recent years, deep neural networks have achieved remarkable building segmentation results in high-resolution remote sensing images. However, the scarce training data and the varying geographical environments have posed challenges for scalable building segmentation. This study proposes a novel framework based on Mask R-CNN, named HTMask R-CNN, to extract new and old rural buildings even when the label is scarce. The framework adopts the result of single-object instance segmentation from the orthodox Mask R-CNN. Further, it classifies the rural buildings into new and old ones based on a dynamic grayscale threshold inferred from the result of a two-object instance segmentation task where training data is scarce. We found that the framework can extract more buildings and achieve a much higher mean Average Precision (mAP) than the orthodox Mask R-CNN model. We tested the novel framework's performance with increasing training data and found that it converged even when the training samples were limited. This framework's main contribution is to allow scalable segmentation by using significantly fewer training samples than traditional machine learning practices. That makes mapping China's new and old rural buildings viable.