Showing 141 - 150 of 480
Persistent link: https://www.econbiz.de/10004988905
The variation of a martingale m[k] of k+1 probability measures p(0),...,p(k) on a finite (or countable) set X is the expectation of the sum of ||p(t)-p(t-1)|| (the L one norm of the martingale differences p(t)-p(t-1)), and is denoted V(m[k]). It is shown that V(m[k]) is less than or equal to the...
Persistent link: https://www.econbiz.de/10004988906
The subset agreement problem generalizes all forms of two-sided matching. Two agents need to agree on some subset of a given finite set of contracts. A solution concept - agreement - generalizes the notion of a stable subset. Its definition does not require the consideration of a preference...
Persistent link: https://www.econbiz.de/10004988907
In this study, coordinated breathing was studied in 13 common bottlenose dolphins because of its links with spontaneous coordinated behaviors (e.g., swimming, foraging, and playing). A strong link was shown between dyadic coordination levels and age/sex categories when both association patterns...
Persistent link: https://www.econbiz.de/10004988908
The secretary problem for selecting one item so as to minimize its expected rank, based on observing the relative ranks only, is revisited. A simple suboptimal rule, which performs almost as well as the optimal rule, is given. The rule stops with the smallest i such that Ri = ic/(n + 1 - i) for...
Persistent link: https://www.econbiz.de/10004988909
Cooperation poses theoretical problems because the behaviors of individuals can benefit others. Evolutionary and game-theory explanations that focus on maximizing one's own material outcomes are usually supported by experimental models with isolated and anonymous subjects. Cooperation in the...
Persistent link: https://www.econbiz.de/10004988910
A problem of optimally allocating partially effective ammunition x to be used on randomly arriving enemies in order to maximize an aircraft's probability of surviving for time t, known as the Bomber Problem, was first posed by Klinger and Brown (1968). They conjectured a set of apparently...
Persistent link: https://www.econbiz.de/10004995404
The present paper studies the limiting behavior of the average score of a sequentially selected group of items or individuals, the underlying distribution of which, F, belongs to the Gumbel domain of attraction of extreme value distribution. This class contains the Normal, log Normal, Gamma,...
Persistent link: https://www.econbiz.de/10004998251
It is known that the value of a zero-sum infinitely repeated game with incomplete information on both sides need not exist [Aumann Maschler 95]. It is proved that any number between the minmax and the maxmin of the zero-sum infinitely repeated game with incomplete information on both sides is...
Persistent link: https://www.econbiz.de/10004998252
We analyze the nature of optimal contracts in a dynamic model of repeated (and persistent) adverse selection and moral hazard. In particular we consider the case of surgeons who diagnose patients and then decide whether to perform an operation, and if so, whether to exert a costly but...
Persistent link: https://www.econbiz.de/10005013000