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This note deals with on-line computation or learning of Pareto optimal insurance contracts. We account for the fact that the loss distribution often is unknown, unavailable, or intractable. Alternatively, the contracting parties could be inexperienced. In both cases loses must be simulated or...
Persistent link: https://www.econbiz.de/10005623712
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In 1999 the optimization mode of the Regional Air Pollution Information and Simulation (RAINS) model was used to support international environmental negotiations on the Protocol to Abate Acidification, Eutrophication and Ground-level Ozone of the UN/ECE Convention on Long-range Transboundary Air...
Persistent link: https://www.econbiz.de/10005623714
In the theory of positional differential games, it is well known that continuous strategies, generally speaking, do not provide the best possible result. In the present paper, a simple example is given that shows that a similar property holds for conflict control systems in which one of the two...
Persistent link: https://www.econbiz.de/10005623715
Six years ago,\f2The Economist\f1 wrote that investing retirement savings in developed countries in the emerging markets of still-youthful developing countries promised to "beat demography." As labor force growth slows in the North, runs this argument, capital becomes abundant relative to labor...
Persistent link: https://www.econbiz.de/10005623716
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A general class of iterative methods for saddle point seeking is developed. The directions used are subgradients evaluated at perturbed points. Convergence of the methods is proved and alternative strategies for implementation are discussed. The procedure suggests scalable algorithms for solving...
Persistent link: https://www.econbiz.de/10005623718
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Support for international negotiations requires integration of decision-theoretic approaches with communication facilities, and different visualization modes. In addition, negotiation support systems (NSS) should also be tailored to different cultural and educational backgrounds of their users....
Persistent link: https://www.econbiz.de/10005623720
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