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Inwoo Tae

Publications and source records attributed to Inwoo Tae.

2 recordsLinked to original sources

Post-Calibration Reliability Reranking of Relevance Decisions via Label-wise Monotone Projection

Web search, product search, and question-answering retrieval systems often assign a relevance label and confidence score to each query-candidate pair. The relevance label describes how well a page, product, or passage matches the query, while the confidence often guides downstream use or fallback decisions. Post-hoc calibration is therefore needed because misaligned confidence can make systems over-trust wrong predictions or unnecessarily defer correct ones. However, calibration mainly aligns confidence with average correctness, and does not remove predicted-label-dependent reliability differences that remain within the same calibrated confidence level. We address this gap with Label-wise Monotone Reliability Projection (MRP), which learns label-wise monotone functions that map calibrated confidence to correctness reliability while preserving the original predicted labels and class probabilities. The resulting reliability score reranks fixed predictions according to residual risk. Across six information access relevance datasets and multiple post-hoc calibrators, MRP improves reliability reranking and average fallback utility while preserving full-coverage accuracy and ECE. Structural ablations show that the main gains come from label-wise residual reliability rather than from global confidence remapping. We further analyze when MRP reliability scores can be embedded back into top-label probability geometry, showing that this projection is useful as a compatibility analysis but is distinct from the main reliability-reranking objective. The implementation will be made publicly available.

cs.IR

Estimating Covariance for Global Minimum Variance Portfolio: A Decision-Focused Learning Approach

Portfolio optimization constitutes a cornerstone of risk management by quantifying the risk-return trade-off. Since it inherently depends on accurate parameter estimation under conditions of future uncertainty, the selection of appropriate input parameters is critical for effective portfolio construction. However, most conventional statistical estimators and machine learning algorithms determine these parameters by minimizing mean-squared error (MSE), a criterion that can yield suboptimal investment decisions. In this paper, we adopt decision-focused learning (DFL) - an approach that directly optimizes decision quality rather than prediction error such as MSE - to derive the global minimum-variance portfolio (GMVP). Specifically, we theoretically derive the gradient of decision loss using the analytic solution of GMVP and its properties regarding the principal components of itself. Through extensive empirical evaluation, we show that prediction-focused estimation methods may fail to produce optimal allocations in practice, whereas DFL-based methods consistently deliver superior decision performance. Furthermore, we provide a comprehensive analysis of DFL's mechanism in GMVP construction, focusing on its volatility reduction capability, decision-driving features, and estimation characteristics.

q-fin.PM