The author presents a rapidly convergent algorithm to solve the general portfolio problem of maximizing concave utility functions subject to linear constraints. The algorithm is based on an iterative ...

The expectation-maximization (EM) algorithm is a popular approach for obtaining maximum likelihood estimates in incomplete data problems because of its simplicity and stability (e.g. monotonie ...

Taking inspiration from the way humans seem to learn, scientists have created AI software capable of picking up new knowledge in a far more efficient and sophisticated way. Fig. 1. People can learn ...