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#natural language process... Preprint Aug 2026

Optimal Watermark Localization in Mixed-Source Large Language Model Texts

Watermarking provides a principled way to authenticate text generated by large language models (LLMs). In practice, however, the final text may be mixed-source, with watermark evidence surviving at only a subset of token positions after rewriting, insertion, deletion, or paraphrasing. Although prior work has studied gl...

José H. Blanchet, T. Cai, Xiang Li et al. · 1 citation · ⚡1
Preprint Aug 2026

Behavioral Participating Insurance: Optimal Investment under Probability Distortion and Aspiration Constraints

We study optimal investment for insurers managing participating (profit-sharing) contracts under probability distortion and probability benchmark (aspiration) constraints. The problem combines three theoretical complexities: (i) nonconcave effective utilities induced by embedded guarantees and surplus-sharing rules, (i...

Hao Liu, Yang Liu, Zhen Shen · 0 citations

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