From 56daa0fdeacfd93f0d72f28af24c0ca3b494ec9c Mon Sep 17 00:00:00 2001
From: Chen Yang <yc4646@gmail.com>
Date: Mon, 23 Jun 2025 07:30:11 +0800
Subject: [PATCH] Added fade-in effect for abstract.

---
 index.html | 32 ++++++++++++++++----------------
 style.css  | 17 +++++++++++++++++
 2 files changed, 33 insertions(+), 16 deletions(-)

diff --git a/index.html b/index.html
index 25f1fd2..3cea7e8 100644
--- a/index.html
+++ b/index.html
@@ -139,7 +139,7 @@
         <li>Arbitraging on Decentralized Exchanges (with <a class="authorlink" href="https://sites.google.com/site/xuedonghepage/home"
                 target="_blank">Xuedong He</a> and <a class="authorlink" href="https://hk.linkedin.com/in/yutian-zhou-555870189" target="_blank">Yutian Zhou</a>).<br>
             Working Paper. <span class="links">[<a class="paperlink" href="" onclick="toggleAbstract('abs_arbDEX');return false">Abstract</a>]</span><br>
-            <div style="display:none" id="abs_arbDEX">
+            <div class="fade-in" style="display:none" id="abs_arbDEX">
                 <hr>
                 <i>Decentralized exchanges (DEXs) are alternative venues to centralized exchanges to trade
                     cryptocurrencies (CEXs) and have become increasingly popular. An arbitrage opportunity arises when
@@ -157,7 +157,7 @@
 
         <li>Portfolio Selection with Time-Varying Taxation (with Xianhao Zhu).<br>
             Working Paper. <span class="links">[<a class="paperlink" href="" onclick="toggleAbstract('abs_TaxTimeVarying');return false">Abstract</a>]</span><br>
-            <div style="display:none" id="abs_TaxTimeVarying">
+            <div class="fade-in" style="display:none" id="abs_TaxTimeVarying">
                 <hr>
                 <i>The capital gains tax rate has fluctuated significantly over time, leading to substantial changes in
                     investors' optimal strategies, as documented by the empirical studies. This paper proposes a novel
@@ -181,7 +181,7 @@
             <b>submitted</b>. <span class="links">[<a class="paperlink" href=""
                 onclick="toggleAbstract('abs_periodicEvaluation');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5305617" target="_blank">SSRN</a>]</span><br>
-            <div style="display:none" id="abs_periodicEvaluation">
+            <div class="fade-in" style="display:none" id="abs_periodicEvaluation">
                 <hr>
                 <i>A fund manager's performance is often evaluated annually and compared with a benchmark, such as a
                     market index. In addition, the manager may be subject to trading constraints, such as limited use of
@@ -206,7 +206,7 @@
             <b>submitted</b>. <span class="links">[<a class="paperlink" href="" onclick="toggleAbstract('abs_dataAsset');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5263455" target="_blank">SSRN</a>|<a class="paperlink"
                 href="https://arxiv.org/abs/2505.16106" target="_blank">arXiv</a>]</span><br>
-            <div style="display:none" id="abs_dataAsset">
+            <div class="fade-in" style="display:none" id="abs_dataAsset">
                 <hr>
                 <i>Data assets are data commodities that have been processed, produced, priced, and traded based on
                     actual demand. Reasonable pricing mechanism for data assets is essential for developing the data
@@ -229,7 +229,7 @@
                 target="_blank">Min Dai</a> and <a class="authorlink" href="https://sg.linkedin.com/in/linfeng-li-263843184" target="_blank">Linfeng Li</a>).<br>
             <b>submitted</b>. <span class="links">[<a class="paperlink" href="" onclick="toggleAbstract('abs_arbPerp');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5262988" target="_blank">SSRN</a>]</span><br>
-            <div style="display:none" id="abs_arbPerp">
+            <div class="fade-in" style="display:none" id="abs_arbPerp">
                 <hr>
                 <i>Perpetual contracts, designed to track the underlying price through a funding swap mechanism, have
                     gained significant popularity in cryptocurrency markets. However, observed price discrepancies
@@ -247,7 +247,7 @@
                 target="blank">Hong Liu</a>).<br>
             <b>submitted</b>. <span class="links">[<a class="paperlink" href="" onclick="toggleAbstract('abs_TaxTC');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4952040" target="_blank">SSRN</a>]</span><br>
-            <div style="display:none" id="abs_TaxTC">
+            <div class="fade-in" style="display:none" id="abs_TaxTC">
                 <hr>
                 <i>We develop a dynamic portfolio model incorporating capital gains tax (CGT), transaction costs, and
                     year-end taxation. We find that even tiny transaction costs can lead to significant deferral of
@@ -265,7 +265,7 @@
             <b>submitted</b>. <span class="links">[<a class="paperlink" href="" onclick="toggleAbstract('abs_AMM');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4801468" target="_blank">SSRN</a>|<a class="paperlink"
                 href="https://arxiv.org/abs/2404.13291" target="_blank">arXiv</a>]</span><br>
-            <div style="display:none" id="abs_AMM">
+            <div class="fade-in" style="display:none" id="abs_AMM">
                 <hr>
                 <i>Automated market makers are a popular mechanism used on decentralized exchange, through which users
                     trade assets with each other directly and automatically through a liquidity pool and a fixed pricing
@@ -286,7 +286,7 @@
                 href="https://sites.google.com/view/mindai/home" target="_blank">Min Dai</a>, and <a class="authorlink" href="https://www.researchgate.net/profile/Zhou-Yang-9" target="_blank">Zhou Yang</a>).<br>
             <b>submitted</b>. <span class="links">[<a class="paperlink" href="" onclick="toggleAbstract('abs_LocalVol');return false">Abstract</a>|<a class="paperlink"
                 href=" https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4801520" target="_blank">SSRN</a>]</span><br>
-            <div style="display:none" id="abs_LocalVol">
+            <div class="fade-in" style="display:none" id="abs_LocalVol">
                 <hr>
                 <i>We study non-parametric calibration of local volatility models, which is formulated as an inverse
                     problem of partial differential equations with Tikhonov regularization. In contrast to the existing
@@ -306,7 +306,7 @@
                 href="https://sites.google.com/view/mindai/home" target="_blank">Min Dai</a>, and Qiheng Ding).<br>
             <b>submitted</b>. <span class="links">[<a class="paperlink" href="" onclick="toggleAbstract('abs_LOB');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4671774" target="_blank">SSRN</a>]</span><br>
-            <div style="display:none" id="abs_LOB">
+            <div class="fade-in" style="display:none" id="abs_LOB">
                 <hr>
                 <i>This paper investigates an optimal investment problem in an illiquid market, modeling explicitly the
                     effects of three key features of market microstructure --- market tightness, market depth, and
@@ -330,7 +330,7 @@
             <b>submitted</b>. <span class="links">[<a class="paperlink" href="" onclick="toggleAbstract('abs_NonconcaveTC');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4500965" target="_blank">SSRN</a>|<a class="paperlink"
                 href="https://arxiv.org/abs/2307.02178" target="_blank">arXiv</a>]</span><br>
-            <div style="display:none" id="abs_NonconcaveTC">
+            <div class="fade-in" style="display:none" id="abs_NonconcaveTC">
                 <hr>
                 <i>This paper studies a finite-horizon portfolio selection problem with non-concave terminal utility and
                     proportional transaction costs. The commonly used concavification principle for terminal value is no
@@ -353,7 +353,7 @@
                 onclick="toggleAbstract('abs_StableCoin');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3856569" target="_blank">SSRN</a>|<a class="paperlink"
                 href="https://doi.org/10.1111/mafi.12445" target="_blank">Article</a>]</span><br>
-            <div style="display:none" id="abs_StableCoin">
+            <div class="fade-in" style="display:none" id="abs_StableCoin">
                 <hr>
                 <i>Stable coins, which are cryptocurrencies pegged to other stable financial assets such as U.S. dollar,
                     are desirable for payments within blockchain networks, whereby being often called the “Holy Grail of
@@ -375,7 +375,7 @@
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3738500" target="_blank">SSRN</a>|<a class="paperlink"
                 href="https://arxiv.org/abs/2011.13625" target="_blank">arXiv</a>|<a class="paperlink"
                 href="https://pubsonline.informs.org/doi/abs/10.1287/moor.2022.1307" target="_blank">Article</a>]</span><br>
-            <div style="display:none" id="abs_LiqPre">
+            <div class="fade-in" style="display:none" id="abs_LiqPre">
                 <hr>
                 <i>We study a risk-sharing economy where an arbitrary number of heterogenous agents trades an arbitrary
                     number of risky assets subject to quadratic transaction costs. For linear state dynamics, the
@@ -397,7 +397,7 @@
                 onclick="toggleAbstract('abs_LETF');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3856573" target="_blank">SSRN</a>|<a class="paperlink"
                 href="https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2022.4407" target="_blank">Article</a>]</span><br>
-            <div style="display:none" id="abs_LETF">
+            <div class="fade-in" style="display:none" id="abs_LETF">
                 <hr>
                 <i>Although leveraged ETFs are popular products for retail investors, how to hedge them poses a great
                     challenge to financial institutions. We develop an optimal rebalancing (hedging) model for leveraged
@@ -419,7 +419,7 @@
                 onclick="toggleAbstract('abs_FK');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3541591" target="_blank">SSRN</a>|<a class="paperlink"
                 href="https://pubsonline.informs.org/doi/abs/10.1287/moor.2020.1061" target="_blank">Article</a>]</span><br>
-            <div style="display:none" id="abs_FK">
+            <div class="fade-in" style="display:none" id="abs_FK">
                 <hr>
                 <i>We establish a stochastic representation for a class of nonlocal parabolic terminal-boundary value
                     problems, whose terminal and boundary conditions depend on the solution in the interior domain; in
@@ -439,7 +439,7 @@
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3232037" target="_blank">SSRN</a>|<a class="paperlink"
                 href="http://arxiv.org/abs/1808.05169" target="_blank">arXiv</a>|<a class="paperlink"
                 href="https://epubs.siam.org/doi/abs/10.1137/18M1207776" target="_blank">Article</a>]</span><br>
-            <div style="display:none" id="abs_HFT">
+            <div class="fade-in" style="display:none" id="abs_HFT">
                 <hr>
                 <i>We study Nash equilibria for inventory-averse high-frequency traders (HFTs), who trade to exploit
                     information about future price changes. For discrete trading rounds, the HFTs' optimal trading
@@ -461,7 +461,7 @@
                 onclick="toggleAbstract('abs_taxTiming');return false">Abstract</a>|<a class="paperlink"
                 href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1786012" target="_blank">SSRN</a>|<a class="paperlink"
                 href=https://academic.oup.com/rfs/article/28/9/2687/1581078, target="_blank">Article</a>]</span><br>
-            <div style="display:none" id="abs_taxTiming">
+            <div class="fade-in" style="display:none" id="abs_taxTiming">
                 <hr>
                 <i>We develop an optimal tax-timing model that takes into account asymmetric long-term and short-term
                     tax rates for positive capital gains and limited tax deductibility of capital losses. In contrast to
diff --git a/style.css b/style.css
index 84116b8..8be549b 100755
--- a/style.css
+++ b/style.css
@@ -441,4 +441,21 @@ hr.curve {
   background-image: -moz-linear-gradient(left, #282828, #f9f5d7, #282828);
   background-image: -ms-linear-gradient(left, #282828, #f9f5d7, #282828);
   background-image: -o-linear-gradient(left, #282828, #f9f5d7, #282828);
+}
+
+.fade-in {
+	opacity: 1;
+	animation-name: fadeInOpacity;
+	animation-iteration-count: 1;
+	animation-timing-function: ease-in;
+	animation-duration: 0.3s;
+}
+
+@keyframes fadeInOpacity {
+	0% {
+		opacity: 0;
+	}
+	100% {
+		opacity: 1;
+	}
 }
\ No newline at end of file