The digital transformation has facilitated old modes of trade and business models and enabled the creation of entirely new ones. Digital disruption is being felt across all modes of trades: digital versions of products or services compete with physically embodied versions; and digital...

In order to understand optimal decision-making about saving, credit use, investing, insurance, and other financial decisions, it is useful to understand decision rules, such as choosing the action with the highest expected value or utility. To understand why people might decisions inconsistent...

Since the 1990s, R&D has become less geographically concentrated, and has seen especially fast growth in emerging markets. One of the distinguishing features of the R&D globalization phenomenon is its concentration within the software/IT domain; the increase in foreign R&D has been largely...

The push toward global connectivity and the worldwide expansion of the internet, combined with the ongoing decline in the cost of technology, will change global labor markets and the nature of employment. Future technology will coordinate the assignment, distribution, and measurement of tasks to...

Features of the ‘fourth industrial revolution', such as platforms, AI and machine learning, pose challenges for the application of regulatory rules, in the area of labour law as elsewhere. However, today's digital technologies have their origins in earlier phases of industrialisation, and do...

It is ironic that most digital money is delivered through very analog agent networks. These networks are defined by large field teams, stacks of paperwork and layers of cash management logistics. The problems the first generation of agent networks faced ten years ago are still issues today, and...

Information revolution has resulted in fundamental changes in the fields of technology, economy, science and education, politics, publishing industry, culture and arts, but also in the way people think and behave. Social awareness for more progressive education, and also the urgent response to...

This paper concerns accurate computation of the singular value decomposition (SVD) of an × matrix . As is well known, cross-product matrix based SVD algorithms compute large singular values accurately but generally deliver poor small singular values. A new novel cross-product matrix based SVD...

Collecting and processing large amounts of data is becoming increasingly crucial in our society. We model this task as evaluating a function f over a large vector x=(x1,…,xn), which is unknown, but drawn from a publicly known distribution X. In our model, learning each component of the input x...