Evidence such as the Ellsberg Paradox shows that decision-makers do not assign probabilities to all events. It is intuitive that they may differ not only in the probabilities assigned to given events but also in the identity of the events to which they assign probabilities. This paper describes...

Mechanical alloying (MA) has been utilized to synthesize many equilibrium and/or nonequilibrium phases. During the MA process, alloys are formed by the solid-state reaction. Solid solution has been obtained by MA, strain occurs due to the dissolution one component in the binary system. An...

We consider a class of systems where, due to the large mismatch of dielectric constants, the Coulomb interaction is approximately one-dimensional. Examples include ion channels in lipid membranes and water filled nanopores in silicon films. Charge transport across such systems possesses the...

It is still an open question when groups will perform better than individuals in intellectual tasks. We report that in a company takeover experiment, groups placed better bids than individuals and substantially reduced the winner’s curse. This improvement was mostly due to peer pressure over...

This paper proposes a new approach to measure dependencies in multivariate financial data. Data in finance and insurance often cover a long time period. Therefore, the economic factors may induce some changes within the dependence structure. Recently, two methods have been proposed using copulas...

Intersections of pedestrian flows feature multiple types, varying in the numbers of flow directions as well as intersecting angles. In this article results from intersecting flow experiments with two different intersecting angles are compared. To analyze the transport capabilities the Voronoi...