Win-stay, lose-shift strategies in repeated games are based on an aspiration level. Amove is repeated if and only if the outcome, in the previous round, was satisficing in the sense that the payoff was at least as high as the aspiration level. We investigate the conditions under which adaptive...

Uncoated, electrolytically coated and hot-dip galvanised thin sheet grades are high-value added products of great importance in the steel industry. Despite the excellent level of knowledge about soft thin sheet grades based on aluminum-killed low or extra low carbon and interstice-free...

Thin sheet material for the automotive industry, produced with an excellent balance between strength level and formability and an additional bake hardening behaviour, is still gaining importance. One possible approach to meet this goal - particularly for the production via a hot-dip galvanising...

High strength steel grades with excellent formability make a remarkable contribution to the reduction of the mass of the body-in-white and, additionally, an increased crash safety for cars. The most important steel grades which fulfil these requirements are DP steels with tensile strength levels...

The nested distance builds on the Wasserstein distance to quantify the difference of stochastic processes, including also the evolution of information modelled by filtrations. The Sinkhorn divergence is a relaxation of the Wasserstein distance, which can be computed considerably faster. For this...

At the Lisbon Summit 2000 the EU set herself the goal of transforming the European Union by 2010 into “the most competitive and dynamic knowledge based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion”. I take this statement as...

Stochastic optimization problems often involve the expectation in its objective. When risk is incorporated in the problem description as well, then risk measures have to be involved in addition to quantify the acceptable risk, often in the objective. For this purpose it is important to have an...

This paper addresses law invariant coherent risk measures and their Kusuoka representations. By elaborating the existence of a minimal representation we show that every Kusuoka representation can be reduced to its minimal representation. Uniqueness -- in a sense specified in the paper -- of the...