In contrast with the classical theory of Arrow and Debreu, a model of a private ownership economy is presented in which production and consumption bundles are treated separately.Each of the two types of bundles is assumed to establish a convex cone.This also offers a point of contrast in...

Golden-Ten is an observation game in which players try to predict the outcome of the motion of a ball rolling down the surface of a drum.This paper describes the motion of the ball as a stochastic model, based on a deterministic, mechanical model.To this end, the motion is split into several...

This paper considers the cardgame Blackjack according to the rules of Holland Casino's in the Netherlands. Expected gains of strategies are derived with simulation and also with analytic tools. New effiency concepts based on the gains of the basic and the optimal strategy are introduced. A...