The process of designing new industrial products is in many cases solely based on the intuition and experience of the responsible design engineer. The aid of computers is restricted to visualization and manual manipulation tools. We demonstrate that the design process for conduits, which are...

A canonical procedure is described, which associates to each infinite information collecting situation a related information collecting situation with finite state and action spaces, in such a way that the two corresponding IC-games are near to each other. Compensations for informants are then...

We consider power utility maximization of terminal wealth in a 1-dimensional continuous-time exponential Lévy model with finite time horizon. We discretize the model by restricting portfolio adjustments to an equidistant discrete time grid. Under minimal assumptions we prove convergence of the...