Flying insects are capable of vision-based navigation in cluttered environments, reliably avoiding obstacles through fast and agile maneuvers, while being very efficient in the processing of visual stimuli. Meanwhile, autonomous micro air vehicles still lag far behind their biological counterparts, displaying inferior performance at a much higher energy consumption. In light of this, we want to mimic flying insects in terms of their processing capabilities, and consequently show the efficiency of this approach in the real world. This letter does so through evolving spiking neural networks for controlling landings of micro air vehicles using optical flow divergence from a downward-looking camera. We demonstrate that the resulting neuromorphic controllers transfer robustly from a highly abstracted simulation to the real world, performing fast and safe landings while keeping network spike rate minimal. Furthermore, we provide insight into the resources required for successfully solving the problem of divergence-based landing, showing that high-resolution control can be learned with only a single spiking neuron. To the best of our knowledge, this work is the first to integrate spiking neural networks in the control loop of a real-world flying robot. Videos of the experiments can be found at https://bit.ly/neuro-controller. @en

This paper proposes a data-driven approach, by means of an Artificial Neural Network (ANN), to value financial options and to calculate implied volatilities with the aim of accelerating the corresponding numerical methods. With ANNs being universal function approximators, this method trains an optimized ANN on a data set generated by a sophisticated financial model, and runs the trained ANN as an agent of the original solver in a fast and efficient way. We test this approach on three different types of solvers, including the analytic solution for the Black-Scholes equation, the COS method for the Heston stochastic volatility model and Brent’s iterative root-finding method for the calculation of implied volatilities. The numerical results show that the ANN solver can reduce the computing time significantly.@en

This paper provides a comprehensive study of the structure and dynamics of online advertising markets, mostly based on techniques from the emergent discipline of complex systems analysis. First, we look at how the display rank of a URL link influences its click frequency, for both sponsored search and organic search. Second, we study the market structure that emerges from these queries, especially the market share distribution of different advertisers. We show that the sponsored search market is highly concentrated, with less than 5% of all advertisers receiving over 2/3 of the clicks in the market. Furthermore, we show that both the number of ad impressions and the number of clicks follow power law distributions of approximately the same coefficient. However, we find this result does not hold when studying the same distribution of clicks per rank position, which shows considerable variance, most likely due to the way advertisers divide their budget on different keywords. Finally, we turn our attention to how such sponsored search data could be used to provide decision support tools for bidding for combinations of keywords. We provide a method to visualize keywords of interest in graphical form, as well as a method to partition these graphs to obtain desirable subsets of search terms.@en

We present a method for conditional time series forecasting based on an adaptation of the recent deep convolutional WaveNet architecture. The proposed network contains stacks of dilated convolutions that allow it to access a broad range of historical data when forecasting. It also uses a rectified linear unit (ReLU) activation function, and conditioning is performed by applying multiple convolutional filters in parallel to separate time series, which allows for the fast processing of data and the exploitation of the correlation structure between the multivariate time series. We test and analyze the performance of the convolutional network both unconditionally and conditionally for financial time series forecasting using the Standard & Poor’s 500 index, the volatility index, the Chicago Board Options Exchange interest rate and several exchange rates, and we extensively compare its performance with those of the well-known autoregressive model and a long short-term memory network. We show that a convolutional network is well suited to regression-type problems and is able to effectively learn dependencies in and between the series without the need for long historical time series, that it is a time-efficient and easy-to-implement alternative to recurrent-type networks, and that it tends to outperform linear and recurrent models.@en