The issue regarding the influence of intelligence on market efficiency has been discussed for a long time. Gode and Sunder (1993) mentioned that the aggregate behavior of zero-intelligence traders is able to generate an efficient market. They introduced two types of markets composed of...

The research on financial engineering by means of genetic programming is gradually popular and appealing. For example, Kaboudan (1999, 2001) and Iba and Sasaki (1999), Iba and Sasaki (1999), used standard GP to evolve forecasting models. Neely, et al. (1997), Allen and Karjalainen (1999), Fyfe...

Consider an election between two candidates in which the voters’ choices are random and independent and the probability of a voter choosing the first candidate is p 1/2. Condorcet’s Jury Theorem which he derived from the weak law of large numbers asserts that if the number of voters tends...

We analyzed the statistical mechanics of a long-range antiferromagnetic model defined on a D-dimensional hypercube, both at zero and finite temperatures. The associated Hamiltonian is derived from a recently proposed complexity measure of Boolean functions, in the context of neural networks...

Purpose – This study aims to propose a tree‐based analytic tool that may be used in analyzing a large‐scale and complex service process. The tenet of this tool is based on the Boolean logic and named service tree analysis (STA). The proposed STA aims to reflect the customer participation...

The objective of this research paper is, to present the reliability measures of a model by representing an industrial system having three subsystems. Two of the subsystems have standby unit while the third one has n units in parallel configuration. The entire system can fail due to a failure in...