This article reviews the literature on sparse high-dimensional models and discusses some applications in economics and finance. Recent developments in theory, methods, and implementations in penalized least-squares and penalized likelihood methods are highlighted. These variable selection methods are effective in sparse high-dimensional modeling. The limits of dimensionality that regularization methods can handle, the role of penalty functions, and their statistical properties are detailed. Some recent advances in sparse ultra-high-dimensional modeling are also briefly discussed.

The classical Minkowski formula is extended to spacelike codimension-two submanifolds in spacetimes which admit "hidden symmetry" from conformal Killing-Yano two-forms. As an application, we obtain an Alexandrov type theorem for spacelike codimension-two submanifolds in a static spherically symmetric spacetime: a codimension-two submanifold with constant normalized null expansion (null mean curvature) must lie in a shear-free (umbilical) null hypersurface. These results are generalized for higher order curvature invariants. In particular, the notion of mixed higher order mean curvature is introduced to highlight the special null geometry of the submanifold. Finally, Alexandrov type theorems are established for spacelike submanifolds with constant mixed higher order mean curvature, which are generalizations of hypersurfaces of constant Weingarten curvature in the Euclidean space.

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We show that Hecke algebra of type B and a coideal subalgebra of the type A quantum group satisfy a double centralizer property, generalizing the Schur-Jimbo duality in type A. The quantum group of type A and its coideal subalgebra form a quantum symmetric pair. A new theory of canonical bases arising from quantum symmetric pairs is initiated. It is then applied to formulate and establish for the first time a Kazhdan-Lusztig theory for the BGG category O of the ortho-symplectic Lie superalgebras $\mathfrak{osp}(2m+1|2n)$. In particular, our approach provides a new formulation of the Kazhdan-Lusztig theory for Lie algebras of type B/C.