About Me

Research 

Research Interests

 Applied Probability, Artificial Intelligence, Financial Engineering.  

Published Papers

[10] 江涛, 金铖, 刘晓涵, 邵辉. 2025. 基于 QVAR 的中国股债尾部流动性溢出度量研究. 系统工程理论与实践, forthcoming.  

[9] Tao Ren et al. 2026. RiskPO: Risk-Based Policy Optimization with Verifiable Reward for Language Models Post-Training. ICLR 2026. 

[8] 王宇, 贺禧, 邵辉, 李书彦. 2026. 企业供应链风险与债券违约的关联机制——基于SHAP的实证研究. 系统科学与数学, forthcoming. 

        (Yu Wang, Xi He, Hui Shao, Shuyan Li. 2026. The Association Mechanism between Corporate Supply Chain Risk and Bond Default: An Empirical Study Based on SHAP. Journal of          Systems Science and Mathematical Sciences, forthcoming.) 

[7] Haoyang Huang, Hui Shao, Meng Zhang, Zhibo Zhang. 2026. Conditional Age-at-Risk for Task Assignment Across Heterogeneous Servers. INFOCOM 2026.

[6] Qi Sun, Hui Shao, Zeping Xu, Qihui Lu, Junyong Ma. 2025. The Influence of Government Regulations on Online Public Opinion and Retailer Channel Strategies. Journal of the Operational Research Society, forthcoming.  

[5]  Hui Shao, Zhe George Zhang. 2024. Extreme-Case Distortion Risk Measures: A Unification and Generalization of Closed-Form Solutions. Mathematics of  Operations Research, 49(4), 2341-2355. 

[4]  Hui Shao, Zhe George Zhang. 2024. A Class of Distorted Gaussian Copulas: Theories and Applications. Journal of the Operational Research Society, 75(11), 2077-2100. 

[3]  Hui Shao, Zhe George Zhang. 2023. Distortion Risk Measure Under Parametric Ambiguity. European Journal of Operational Research, 311(3), 1159-1172. 

[2]  Lujun Li, Hui Shao, Ruodu Wang, Jingping Yang. 2018. Worst-Case Range Value-at-Risk with Partial Information. SIAM Journal on Financial Mathematics, 9(1), 190-218. 

[1]  Hui Shao. 2017. Decomposing Aggregate Risk into Marginal Risks Under Partial Information: A Top-Down Method. Statistics and Probability Letters, 124, 97-100. 

Selected Working Papers

[17] Mingwei Li, Hui Shao. 2026. Observe, Then Act: Lumpy Adjustment under Endogenous Information Acquisition.

[16] Hui Shao. 2026. High-Water Mark Portfolio Choice with Transaction Costs.

[15] Minhao Zou et al. 2026. OVLR: Efficient, Scalable, and Robust Training via Output-Level Variance-Reduced Likelihood Ratio.  

[14] Jiajun Lu, Hui Shao, Yueteng Zhu. 2026. The Peer Effect on Mortgage Refinancing.  

[13] Jintai Lv, Zehao Li, Yijie Peng, Hui Shao. 2026. A Three-Player Adversarial Framework for Tail-Calibrated Portfolio Optimization. 

[12] Mengqiu Zhou, Hanyang Huang, Hui Shao, Howard H. Yang, Meng Zhang. 2025. Bi-Value Iteration for Fractional Markov Decision Process in Networked Systems. 

[11] Mengshuo Zhao, Narayanaswamy Balakrishnan, Chuancun Yin, Hui Shao. 2025. Best-Case and Worst-Case Distortion Risk Measures with Partial Information Constraints. 

[10] Min Dai, Steven Kou, Hui Shao. 2025. Tail Dispersion Measures: From Inequality Indices to Relative Risk Measures.  

[9] Xiyao Hou, Hui Shao, Zhe George Zhang. 2025. Safe Blending and Tail-Median Risk Bands.  

[8] Hui Shao, Weidong Xu, Zhe George Zhang. 2025. Heterogeneity Within CPT: Empirical Identification and Theoretical Development of a Linear-Utility Subtype in Newsvendor Decisions. 

[7] Hui Shao, Weidong Xu, Zhe George Zhang. 2025. Recurrence Relationship of Order Statistics Under General Correlations with Applications to the Pricing of Basket Default Swaps.

[6] David X Li, Zehao, Li, Hui Shao. 2025. A Unified Deterministic Pricing Framework for Rank-Dependent Credit Derivatives. 

[5] Zehao Li, Yijie Peng, Hui Shao, Chuang Piaw Teo. 2025. Optimizing Distorted Utility Under Moment Constraints. 

[4] Hui Shao, Zhe George Zhang. 2024. A Dual Expected Utility Approach to the Newsvendor Model. 

[3] Hui Shao. 2024. Risk and Rationality: Uncovering Heterogeneity in Inventory Management.  

[2] Xiyao Hou, Hui Shao. 2025. A Theory of Relativity with Applications in Decision Making. 

[1] Hui Shao. 2024. The News-Stock-Vendor Model.