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Anopay: Anonymous Payment For Vehicle Parking With Updatable Credential, Yang Yang, Wenyi Xue, Yonghua Zhan, Minming Huang, Yingjiu Li, Robert H. Deng Aug 2024

Anopay: Anonymous Payment For Vehicle Parking With Updatable Credential, Yang Yang, Wenyi Xue, Yonghua Zhan, Minming Huang, Yingjiu Li, Robert H. Deng

Research Collection School Of Computing and Information Systems

Many existing anonymous parking payment schemes lack high efficiency and flexibility. For instance, the calculation and communication costs involved in payment may linearly increase with the payment amount. In this paper, we propose an anonymous payment system (dubbed AnoPay) for vehicle parking, which leverages updatable attribute-based anonymous credentials and efficient zero-knowledge proof (ZKP) to achieve user anonymity and constant overhead for parking fee payment. To further improve the efficiency, we design a secure parking fee aggregation protocol based on linear homomorphic encryption to aggregate parking transactions, where the amount of each parking transaction is hidden and the privacy of the …

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Is Aggregation The Only Choice? Federated Learning Via Layer-Wise Model Recombination, Ming Hu, Zhihao Yue, Xiaofei Xie, Cheng Chen Chen Aug 2024

Is Aggregation The Only Choice? Federated Learning Via Layer-Wise Model Recombination, Ming Hu, Zhihao Yue, Xiaofei Xie, Cheng Chen Chen

Research Collection School Of Computing and Information Systems

Although Federated Learning (FL) enables global model training Xiaofei Xie [email protected] Singapore Management University Singapore, Singapore Xian Wei [email protected] East China Normal University Shanghai, China Mingsong Chen∗ [email protected] East China Normal University Shanghai, China • Computing methodologies → Distributed artificial intelligence. across clients without compromising their raw data, due to the unevenly distributed data among clients, existing Federated Averaging (FedAvg)-based methods suffer from the problem of low inference performance. Specifically, different data distributions among clients lead to various optimization directions of local models. Aggregating local models usually results in a low-generalized global model, which performs worse on most of the …

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Analyzing Temporal Complex Events With Large Language Models? A Benchmark Towards Temporal, Long Context Understanding, Zhihan Zhang, Yixin Cao, Chenchen Ye, Ma. Yunshan, Lizi Liao, Tat-Seng Chua Aug 2024

Analyzing Temporal Complex Events With Large Language Models? A Benchmark Towards Temporal, Long Context Understanding, Zhihan Zhang, Yixin Cao, Chenchen Ye, Ma. Yunshan, Lizi Liao, Tat-Seng Chua

Research Collection School Of Computing and Information Systems

The digital landscape is rapidly evolving with an ever-increasing volume of online news, emphasizing the need for swift and precise analysis of complex events.We refer to the complex events composed of many news articles over an extended period as Temporal Complex Event (TCE). This paper proposes a novel approach using Large Language Models (LLMs) to systematically extract and analyze the event chain within TCE, characterized by their key points and timestamps. We establish a benchmark, named TCELongBench, to evaluate the proficiency of LLMs in handling temporal dynamics and understanding extensive text. This benchmark encompasses three distinct tasks - reading comprehension, …

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My Manager Endorsed My Coworkers’ Voice: Understanding Observers’ Positive And Negative Reactions To Managerial Endorsement Of Coworker Voice., Emily Poulton, Szu-Han Joanna Lin, Shereen Fatimah, Cony Ho, Lance Ferris, Russell Johnson Aug 2024

My Manager Endorsed My Coworkers’ Voice: Understanding Observers’ Positive And Negative Reactions To Managerial Endorsement Of Coworker Voice., Emily Poulton, Szu-Han Joanna Lin, Shereen Fatimah, Cony Ho, Lance Ferris, Russell Johnson

Research Collection Lee Kong Chian School Of Business

Research on managerial voice endorsement has primarily focused on the processes and conditions through which voicers receive their managers’ endorsement. We shift this focus away from the voicers, focusing instead on the dual reactions that endorsement generates for observing employees. Drawing from an approach-avoidance framework, we propose that managerial endorsement of coworker voice could be perceived as a positive and negative stimulus for observers, prompting them to approach opportunities and avoid threats, respectively. Results from a pre-registered experiment and a multi-wave, multi-source field study revealed that managerial endorsement of coworker voice was positively related to observers’ voice instrumentality, thus prompting …

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Geographic Links And Predictable Returns, Zuben Jin, Frank Weikai Li Aug 2024

Geographic Links And Predictable Returns, Zuben Jin, Frank Weikai Li

Research Collection Lee Kong Chian School Of Business

Using establishment-level data of U.S. public firms, we construct a novel measure of geographic linkage between firms. We show that the returns of geography-linked firms have strong predictive power for focal firm returns and fundamentals. This effect is distinct from other cross-firm return predictability and is not easily attributable to risk-based explanations. It is more pronounced for focal firms that receive lower investor attention, are more costly to arbitrage, and during high sentiment periods. The cross-firm information spillovers and return predictability are also stronger for geographic peers with economic linkages and with positive information. Our results are broadly consistent with …

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Larp: Language Audio Relational Pre‑Training For Cold‑Start Playlist Continuation, Rebecca Salganik, Xiaohao Liu, Yunshan Ma, Jian Kang, Tat‑Seng Chua Aug 2024

Larp: Language Audio Relational Pre‑Training For Cold‑Start Playlist Continuation, Rebecca Salganik, Xiaohao Liu, Yunshan Ma, Jian Kang, Tat‑Seng Chua

Research Collection School Of Computing and Information Systems

As online music consumption increasingly shifts towards playlist-based listening, the task of playlist continuation, in which an algorithm suggests songs to extend a playlist in a personalized and musically cohesive manner, has become vital to the success of music streaming services. Currently, many existing playlist continuation approaches rely on collaborative filtering methods to perform their recommendations. However, such methods will struggle to recommend songs that lack interaction data, an issue known as the cold-start problem. Current approaches to this challenge design complex mechanisms for extracting relational signals from sparse collaborative signals and integrating them into content representations. However, these approaches …

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Self-Chats From Large Language Models Make Small Emotional Support Chatbot Better, Zhonghua Zheng, Lizi Liao, Yang Deng, Libo Qin, Liqiang Nie Aug 2024

Self-Chats From Large Language Models Make Small Emotional Support Chatbot Better, Zhonghua Zheng, Lizi Liao, Yang Deng, Libo Qin, Liqiang Nie

Research Collection School Of Computing and Information Systems

Large Language Models (LLMs) have shown strong generalization abilities to excel in various tasks, including emotion support conversations. However, deploying such LLMs like GPT-3 (175B parameters) is resource-intensive and challenging at scale. In this study, we utilize LLMs as “Counseling Teacher” to enhance smaller models’ emotion support response abilities, significantly reducing the necessity of scaling up model size. To this end, we first introduce an iterative expansion framework, aiming to prompt the large teacher model to curate an expansive emotion support dialogue dataset. This curated dataset, termed ExTES, encompasses a broad spectrum of scenarios and is crafted with meticulous strategies …

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G2face: High-Fidelity Reversible Face Anonymization Via Generative And Geometric Priors, Haoxin Yang, Xuemiao Xu, Cheng Xu, Huaidong Zhang, Jing Qin, Yi Wang, Pheng-Ann Heng, Shengfeng He Aug 2024

G2face: High-Fidelity Reversible Face Anonymization Via Generative And Geometric Priors, Haoxin Yang, Xuemiao Xu, Cheng Xu, Huaidong Zhang, Jing Qin, Yi Wang, Pheng-Ann Heng, Shengfeng He

Research Collection School Of Computing and Information Systems

Reversible face anonymization, unlike traditional face pixelization, seeks to replace sensitive identity information in facial images with synthesized alternatives, preserving privacy without sacrificing image clarity. Traditional methods, such as encoder-decoder networks, often result in significant loss of facial details due to their limited learning capacity. Additionally, relying on latent manipulation in pre-trained GANs can lead to changes in ID-irrelevant attributes, adversely affecting data utility due to GAN inversion inaccuracies. This paper introduces G 2 Face, which leverages both generative and geometric priors to enhance identity manipulation, achieving high-quality reversible face anonymization without compromising data utility. We utilize a 3D face …

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Planning Like Human : A Dual-Process Framework For Dialogue Planning, Tao He, Lizi Liao, Yixin Cao, Yuanxing Liu, Ming Liu, Zerui Chen, Bing Qin Aug 2024

Planning Like Human : A Dual-Process Framework For Dialogue Planning, Tao He, Lizi Liao, Yixin Cao, Yuanxing Liu, Ming Liu, Zerui Chen, Bing Qin

Research Collection School Of Computing and Information Systems

In proactive dialogue, the challenge lies not just in generating responses but in steering conversations toward predetermined goals, a task where Large Language Models (LLMs) typically struggle due to their reactive nature. Traditional approaches to enhance dialogue planning in LLMs, ranging from elaborate prompt engineering to the integration of policy networks, either face efficiency issues or deliver suboptimal performance. Inspired by the dual-process theory in psychology, which identifies two distinct modes of thinking—intuitive (fast) and analytical (slow), we propose the Dual-Process Dialogue Planning (DPDP) framework. DPDP embodies this theory through two complementary planning systems: an instinctive policy model for familiar …

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Segac: Sample Efficient Generalized Actor Critic For The Stochastic On-Time Arrival Problem, Honglian Guo, Zhi He, Wenda Sheng, Zhiguang Cao, Yingjie Zhou, Weinan Gao Aug 2024

Segac: Sample Efficient Generalized Actor Critic For The Stochastic On-Time Arrival Problem, Honglian Guo, Zhi He, Wenda Sheng, Zhiguang Cao, Yingjie Zhou, Weinan Gao

Research Collection School Of Computing and Information Systems

This paper studies the problem in transportation networks and introduces a novel reinforcement learning-based algorithm, namely. Different from almost all canonical sota solutions, which are usually computationally expensive and lack generalizability to unforeseen destination nodes, segac offers the following appealing characteristics. segac updates the ego vehicle’s navigation policy in a sample efficient manner, reduces the variance of both value network and policy network during training, and is automatically adaptive to new destinations. Furthermore, the pre-trained segac policy network enables its real-time decision-making ability within seconds, outperforming state-of-the-art sota algorithms in simulations across various transportation networks. We also successfully deploy segac …

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Sibo : A Simple Booster For Parameter-Efficient Fine-Tuning, Zhihao Wen, Jie Zhang, Yuan Fang Aug 2024

Sibo : A Simple Booster For Parameter-Efficient Fine-Tuning, Zhihao Wen, Jie Zhang, Yuan Fang

Research Collection School Of Computing and Information Systems

Fine-tuning all parameters of large language models (LLMs) necessitates substantial computational power and extended time. Latest advancements in parameter-efficient fine-tuning (PEFT) techniques, such as Adapter tuning and LoRA, allow for adjustments to only a minor fraction of the parameters of these LLMs. Concurrently, it has been noted that the issue of over-smoothing diminishes the effectiveness of these Transformer-based LLMs, resulting in suboptimal performances in downstream tasks. In this paper, we present SIBO, which is a SImple BOoster to enhance PEFT, by injecting an initial residual. SIBO is straightforward and readily extensible to a range of state-of-the-art PEFT techniques to alleviate …

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Synergizing Large Language Models And Pre-Trained Smaller Models For Conversational Intent Discovery, Jinggui Liang, Lizi Liao, Hao Fei, Jing Jiang Aug 2024

Synergizing Large Language Models And Pre-Trained Smaller Models For Conversational Intent Discovery, Jinggui Liang, Lizi Liao, Hao Fei, Jing Jiang

Research Collection School Of Computing and Information Systems

In Conversational Intent Discovery (CID), Small Language Models (SLMs) struggle with overfitting to familiar intents and fail to label newly discovered ones. This issue stems from their limited grasp of semantic nuances and their intrinsically discriminative framework. Therefore, we propose Synergizing Large Language Models (LLMs) with pre-trained SLMs for CID (SynCID). It harnesses the profound semantic comprehension of LLMs alongside the operational agility of SLMs. By utilizing LLMs to refine both utterances and existing intent labels, SynCID significantly enhances the semantic depth, subsequently realigning these enriched descriptors within the SLMs’ feature space to correct cluster distortion and promote robust learning …

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Speaker Verification In Agent-Generated Conversations, Yizhe Yang, Palakorn Achananuparp, Heyan Huang, Jing Jiang, Ee-Peng Lim Aug 2024

Speaker Verification In Agent-Generated Conversations, Yizhe Yang, Palakorn Achananuparp, Heyan Huang, Jing Jiang, Ee-Peng Lim

Research Collection School Of Computing and Information Systems

The recent success of large language models (LLMs) has attracted widespread interest to develop role-playing conversational agents personalized to the characteristics and styles of different speakers to enhance their abilities to perform both general and special purpose dialogue tasks. However, the ability to personalize the generated utterances to speakers, whether conducted by human or LLM, has not been well studied. To bridge this gap, our study introduces a novel evaluation challenge: speaker verification in agent-generated conversations, which aimed to verify whether two sets of utterances originate from the same speaker. To this end, we assemble a large dataset collection encompassing …

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Towards Gradient-Based Time-Series Explanations Through A Spatiotemporal Attention Network, Min Hun Lee Aug 2024

Towards Gradient-Based Time-Series Explanations Through A Spatiotemporal Attention Network, Min Hun Lee

Research Collection School Of Computing and Information Systems

In this paper, we explore the feasibility of using a transformer-based, spatiotemporal attention network (STAN) for gradient-based time-series explanations. First, we trained the STAN model for video classifications using the global and local views of data and weakly supervised labels on time-series data (i.e. the type of an activity). We then leveraged a gradient-based XAI technique (e.g. saliency map) to identify salient frames of time-series data. According to the experiments using the datasets of four medically relevant activities, the STAN model demonstrated its potential to identify important frames of videos.

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Robust Asynchronous Federated Learning With Time-Weighted And Stale Model Aggregation, Yinbin Miao, Ziteng Liu, Xinghua Li, Meng Li, Hongwei Li, Kim-Kwang Raymond Choo, Robert H. Deng Aug 2024

Robust Asynchronous Federated Learning With Time-Weighted And Stale Model Aggregation, Yinbin Miao, Ziteng Liu, Xinghua Li, Meng Li, Hongwei Li, Kim-Kwang Raymond Choo, Robert H. Deng

Research Collection School Of Computing and Information Systems

Federated Learning (FL) ensures collaborative learning among multiple clients while maintaining data locally. However, the traditional synchronous FL solutions have lower accuracy and require more communication time in scenarios where most devices drop out during learning. Therefore, we propose an Asynchronous Federated Learning (AsyFL) scheme using time-weighted and stale model aggregation, which effectively solves the problem of poor model performance due to the heterogeneity of devices. Then, we integrate Symmetric Homomorphic Encryption (SHE) into AsyFL to propose Asynchronous Privacy-Preserving Federated Learning (Asy-PPFL), which protects the privacy of clients and achieves lightweight computing. Privacy analysis shows that Asy-PPFL is indistinguishable under …

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Empathyear : An Open-Source Avatar Multimodal Empathetic Chatbot, Hao Fei, Han Zhang, Bin Wang, Lizi Liao, Qian Liu, Erik Cambria Aug 2024

Empathyear : An Open-Source Avatar Multimodal Empathetic Chatbot, Hao Fei, Han Zhang, Bin Wang, Lizi Liao, Qian Liu, Erik Cambria

Research Collection School Of Computing and Information Systems

This paper introduces EmpathyEar, a pioneering open-source, avatar-based multimodal empathetic chatbot, to fill the gap in traditional text-only empathetic response generation (ERG) systems. Leveraging the advancements of a large language model, combined with multimodal encoders and generators, EmpathyEar supports user inputs in any combination of text, sound, and vision, and produces multimodal empathetic responses, offering users, not just textual responses but also digital avatars with talking faces and synchronized speeches. A series of emotion-aware instruction-tuning is performed for comprehensive emotional understanding and generation capabilities. In this way, EmpathyEar provides users with responses that achieve a deeper emotional resonance, closely emulating …

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Simc 2.0: Improved Secure Ml Inference Against Malicious Clients, Guowen Xu, Xingshuo Han, Tianwei Zhang, Shengmin Xu, Jianting Ning, Xinyi Huang, Hongwei Li, Deng, Robert H. Aug 2024

Simc 2.0: Improved Secure Ml Inference Against Malicious Clients, Guowen Xu, Xingshuo Han, Tianwei Zhang, Shengmin Xu, Jianting Ning, Xinyi Huang, Hongwei Li, Deng, Robert H.

Research Collection School Of Computing and Information Systems

In this paper, we study the problem of secure ML inference against a malicious client and a semi-trusted server such that the client only learns the inference output while the server learns nothing. This problem is first formulated by Lehmkuhl et al. with a solution (MUSE, Usenix Security’21), whose performance is then substantially improved by Chandran et al.'s work (SIMC, USENIX Security’22). However, there still exists a nontrivial gap in these efforts towards practicality, giving the challenges of overhead reduction and secure inference acceleration in an all-round way. Based on this, we propose SIMC 2.0, which complies with the underlying …

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A Multimodal Foundation Agent For Financial Trading : Tool-Augmented, Diversified, And Generalist, Wentao Zhang, Lingxuan Zhao, Haochong Xia, Shuo Sun, Jiaze Sun, Molei Qin, Xinyi Li, Yuqing Zhao, Yilei Zhao, Xinyu Cai, Longtao Zheng, Xinrun Wang, Bo An Aug 2024

A Multimodal Foundation Agent For Financial Trading : Tool-Augmented, Diversified, And Generalist, Wentao Zhang, Lingxuan Zhao, Haochong Xia, Shuo Sun, Jiaze Sun, Molei Qin, Xinyi Li, Yuqing Zhao, Yilei Zhao, Xinyu Cai, Longtao Zheng, Xinrun Wang, Bo An

Research Collection School Of Computing and Information Systems

Financial trading is a crucial component of the markets, informed by a multimodal information landscape encompassing news, prices, and Kline charts, and encompasses diverse tasks such as quantitative trading and high-frequency trading with various assets. While advanced AI techniques like deep learning and reinforcement learning are extensively utilized in finance, their application in financial trading tasks often faces challenges due to inadequate handling of multimodal data and limited generalizability across various tasks. To address these challenges, we present FinAgent, a multimodal foundational agent with tool augmentation for financial trading. FinAgent's market intelligence module processes a diverse range of data-numerical, textual, …

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Topic Modeling On Document Networks With Dirichlet Optimal Transport Barycenter, Ce Zhang, Hady Wirawan Lauw Aug 2024

Topic Modeling On Document Networks With Dirichlet Optimal Transport Barycenter, Ce Zhang, Hady Wirawan Lauw

Research Collection School Of Computing and Information Systems

Text documents are often interconnected in a network structure, e.g., academic papers via citations, Web pages via hyperlinks. On the one hand, though Graph Neural Networks (GNNs) have shown promising ability to derive effective embeddings for such networked documents, they do not assume a latent topic structure and result in uninterpretable embeddings. On the other hand, topic models can infer semantically interpretable topic distributions for documents by associating each topic with a group of understandable key words. However, most topic models mainly focus on plain text within documents and fail to leverage network structure across documents. Network connectivity reveals topic …

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Neural Network Semantic Backdoor Detection And Mitigation: A Causality-Based Approach, Bing Sun, Jun Sun, Wayne Koh, Jie Shi Aug 2024

Neural Network Semantic Backdoor Detection And Mitigation: A Causality-Based Approach, Bing Sun, Jun Sun, Wayne Koh, Jie Shi

Research Collection School Of Computing and Information Systems

Different from ordinary backdoors in neural networks which are introduced with artificial triggers (e.g., certain specific patch) and/or by tampering the samples, semantic backdoors are introduced by simply manipulating the semantic, e.g., by labeling green cars as frogs in the training set. By focusing on samples with rare semantic features (such as green cars), the accuracy of the model is often minimally affected. Since the attacker is not required to modify the input sample during training nor inference time, semantic backdoors are challenging to detect and remove. Existing backdoor detection and mitigation techniques are shown to be ineffective with respect …

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Clamber: A Benchmark Of Identifying And Clarifying Ambiguous Information Needs In Large Language Models, Tong Zhang, Peixin Qin, Yang Deng, Chen Huang, Wenqiang Lei, Junhong Liu, Dingnan Jin, Hongru Liang, Tat-Seng Chua Aug 2024

Clamber: A Benchmark Of Identifying And Clarifying Ambiguous Information Needs In Large Language Models, Tong Zhang, Peixin Qin, Yang Deng, Chen Huang, Wenqiang Lei, Junhong Liu, Dingnan Jin, Hongru Liang, Tat-Seng Chua

Research Collection School Of Computing and Information Systems

Large language models (LLMs) are increasingly used to meet user information needs, but their effectiveness in dealing with user queries that contain various types of ambiguity remains unknown, ultimately risking user trust and satisfaction. To this end, we introduce CLAMBER, a benchmark for evaluating LLMs using a well-organized taxonomy. Building upon the taxonomy, we construct 12K high-quality data to assess the strengths, weaknesses, and potential risks of various off-the-shelf LLMs.Our findings indicate the limited practical utility of current LLMs in identifying and clarifying ambiguous user queries, even enhanced by chain-of-thought (CoT) and few-shot prompting. These techniques may result in overconfidence …

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Certified Policy Verification And Synthesis For Mdps Under Distributional Reach-Avoidance Properties, S. Akshay, Krishnendu Chatterjee, Tobias Meggendorfer, Dorde Zikelic Aug 2024

Certified Policy Verification And Synthesis For Mdps Under Distributional Reach-Avoidance Properties, S. Akshay, Krishnendu Chatterjee, Tobias Meggendorfer, Dorde Zikelic

Research Collection School Of Computing and Information Systems

Markov Decision Processes (MDPs) are a classical model for decision making in the presence of uncertainty. Often they are viewed as state transformers with planning objectives defined with respect to paths over MDP states. An increasingly popular alternative is to view them as distribution transformers, giving rise to a sequence of probability distributions over MDP states. For instance, reachability and safety properties in modeling robot swarms or chemical reaction networks are naturally defined in terms of probability distributions over states. Verifying such distributional properties is known to be hard and often beyond the reach of classical state-based verification techniques. In …

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Solving Long-Run Average Reward Robust Mdps Via Stochastic Games, Krishnendu Chatterjee, Ehsan Kafshdar Goharshady, Mehrdad Karrabi, Petr Novotný, Dorde Zikelic Aug 2024

Solving Long-Run Average Reward Robust Mdps Via Stochastic Games, Krishnendu Chatterjee, Ehsan Kafshdar Goharshady, Mehrdad Karrabi, Petr Novotný, Dorde Zikelic

Research Collection School Of Computing and Information Systems

Markov decision processes (MDPs) provide a standard framework for sequential decision making under uncertainty. However, MDPs do not take uncertainty in transition probabilities into account. Robust Markov decision processes (RMDPs) address this shortcoming of MDPs by assigning to each transition an uncertainty set rather than a single probability value. In this work, we consider polytopic RMDPs in which all uncertainty sets are polytopes and study the problem of solving long-run average reward polytopic RMDPs. We present a novel perspective on this problem and show that it can be reduced to solving long-run average reward turn-based stochastic games with finite state …

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Peep With A Mirror: Breaking The Integrity Of Android App Sandboxing Via Unprivileged Cache Side Channel, Yan Lin, Joshua Wong, Xiang Li, Haoyu Ma, Debin Gao Aug 2024

Peep With A Mirror: Breaking The Integrity Of Android App Sandboxing Via Unprivileged Cache Side Channel, Yan Lin, Joshua Wong, Xiang Li, Haoyu Ma, Debin Gao

Research Collection School Of Computing and Information Systems

Application sandboxing is a well-established security principle employed in the Android platform to safeguard sensitive information. However, hardware resources, specifically the CPU caches, are beyond the protection of this software-based mechanism, leaving room for potential side-channel attacks. Existing attacks against this particular weakness of app sandboxing mainly target shared components among apps, hence can only observe system-level program dynamics (such as UI tracing). In this work, we advance cache side-channel attacks by demonstrating the viability of non-intrusive and fine-grained probing across different app sandboxes, which have the potential to uncover app-specific and private program behaviors, thereby highlighting the importance of …

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Negotiating A Brave New World: Fraud And Risk In Modern Commercial Law, Andrew B.L. Phang Aug 2024

Negotiating A Brave New World: Fraud And Risk In Modern Commercial Law, Andrew B.L. Phang

Research Collection Yong Pung How School Of Law

We live in a brave new world. Much of what was once the stuff of fiction has now become reality. In particular, we have witnessed technological advances the like of which we would not even have begun to contemplate even at the turn of the second millennium. No one has been exempt – not even this mid-sexagenarian. Now, almost a quarter of a century on, we have to take stock of the double-edged sword that is technology. Indeed, technology has – unfortunately – facilitated fraud in a manner and on a scale that we have never witnessed before. With technology …

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How Can Malaysian Courts Consistently Perform Meaningful Constitutional Rights Review? Lessons From Past Cases And The Way Forward, Benjamin Joshua Ong Aug 2024

How Can Malaysian Courts Consistently Perform Meaningful Constitutional Rights Review? Lessons From Past Cases And The Way Forward, Benjamin Joshua Ong

Research Collection Yong Pung How School Of Law

In the past, Malaysian courts performing constitutional rights review played a merely clerical role, applying a test that was trivially easy for legislation to pass. Then a more rigorous proportionality test took root. However, the Federal Court in the 2020 case of Letitia Bosman whittled the test down again, and the courts once more played a minimal role in checking state action. The reasons for this cannot be explained merely by diversity in judicial philosophy or political contextual factors. Rather, the near-demise of proportionality (and, with it, robust constitutional review) was made possible by a lack of a clear sense …

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Falsehoods, Foreign Interference, And Compelled Speech In Singapore, Kenny Chng Aug 2024

Falsehoods, Foreign Interference, And Compelled Speech In Singapore, Kenny Chng

Research Collection Yong Pung How School Of Law

Online misinformation endangers the infrastructure of fact essential to public discourse and presents an even greater threat where it is being utilised as a weapon by hostile state actors. In recognition of these dangers, Singapore has implemented legal measures to combat online misinformation, enacting in quick succession the Protection from Online Falsehoods and Manipulation Act (POFMA) and the Foreign Interference (Countermeasures) Act (FICA). These statutes open up novel frontiers of development for Singapore's free speech jurisprudence. Indeed, these statutes confer upon government authorities the power to compel the authors of certain material to display notices stating that the material contains …

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Mareva Injunction And Crypto Fraud, Man Yip Aug 2024

Mareva Injunction And Crypto Fraud, Man Yip

Research Collection Yong Pung How School Of Law

Without a Mareva injunction, there is always a risk that any victory on the substantive merits would be rendered hollow in practice by the absence of assets against which the judgment may be enforced. Indeed, it is in cases concerning fraud that the risk of a nugatory judgment is most amplified because the defendant would have the propensity to engage in dishonest practices. Alarmingly, nearly 30 years aft er Mercedez Benz, the ‘black hole’ has enlarged because fraudsters can easily hide behind complex corporate structures and the anonymity of cyberspace. 2 Th is chapter focuses on the use of Mareva …

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Who Profits From Trading Options?, Jianfeng Hu, Antonia Kirilova, Gilbert Seongkyu Park, Doojin Ryu Jul 2024

Who Profits From Trading Options?, Jianfeng Hu, Antonia Kirilova, Gilbert Seongkyu Park, Doojin Ryu

Research Collection Lee Kong Chian School Of Business

We use account-level transaction data to examine trading styles and profitability in a leading derivatives market. Approximately 66% of active retail investors predominantly hold simple, one-sided positions in only one class of options, whereas institutional investors are more likely to use complex strategies. Hypothesizing that the complexity of trading styles reflects investors' skills, we examine the effect of options trading styles on investment performance. We find that retail investors using simple strategies lose to the rest of the market. For both retail and institutional investors, selling volatility is the most successful strategy. We conclude that these style effects are persistent …

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Hiv Estimation Using Population-Based Surveys With Non-Response: A Partial Identification Approach, Oyelola A. Adegboye, Tomoki Fujii, Denis H. Y. Leung, Siyu Li Jul 2024

Hiv Estimation Using Population-Based Surveys With Non-Response: A Partial Identification Approach, Oyelola A. Adegboye, Tomoki Fujii, Denis H. Y. Leung, Siyu Li

Research Collection School Of Economics

HIV estimation using data from the demographic and health surveys (DHS) is limited by the presence of non-response and test refusals. Conventional adjustments such as imputation require the data to be missing at random. Methods that use instrumental variables allow the possibility that prevalence is different between the respondents and non-respondents, but their performance depends critically on the validity of the instrument. Using Manski's partial identification approach, we form instrumental variable bounds for HIV prevalence from a pool of candidate instruments. Our method does not require all candidate instruments to be valid. We use a simulation study to evaluate and …

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