This paper addresses constrained Markov decision processes, with expected discounted total cost criteria, which are controlled by non-randomized policies. A dynamic programming approach is used to construct optimal policies. The convergence of the series of finite horizon value functions to the...

For sequential decision processes with countable state spaces, we prove compactness of the set of strategic measures corresponding to nonrandomized policies. For the Borel state case, this set may not be compact (Piunovskiy, Optimal control of random sequences in problems with constraints....

For sequential decision processes with countable state spaces, we prove compactness of the set of strategic measures corresponding to nonrandomized policies. For the Borel state case, this set may not be compact (Piunovskiy, Optimal control of random sequences in problems with constraints....

The economic evolution and production has been subject to major shocks and structural changes during the last decades. Beside the standard production factors such as the capital and labour force new production factors for taking into account technological progress and knowledge production and...

How does the use of a secret vote affect the likelihood that legislators will punish their peers? Two contending arguments exist in the literature: some argue that secret voting may be prejudicial, while others argue that it may help accountability. We address this controversy by analyzing the...

An autonomous trading agent is a complex piece of software that must operate in a competitive economic environment and support a research agenda. We describe the structure of decision processes in the MinneTAC trading agent, focusing on the use of evaluators – configurable, composable modules...

For a binary choice problem, the spatial coordination of decisions in an agent community is investigated both analytically and by means of stochastic computer simulations. The individual decisions are based on different local information generated by the agents with a finite lifetime and...

Utilizing theory and empirical insights from psychology and behavioural economics, this paper examines individuals’ cognitive and motivational barriers to adopting climate change adaptation and mitigation measures that increase consumer welfare. We explore various strategies that take into...

<Para ID="Par2">Data-centric approaches such as big data and related approaches from business intelligence and analytics (BI&A) have recently attracted major attention due to their promises of huge improvements in organizational performance based on new business insights and improved decision making....</para>

This paper investigates the effect of decision-makers'culture on their implicit choice of how to make decisions. In a content analysis of major decisions described in American and Chinese twentieth-century novels, we test a series of hypotheses based on prior theoretical and empirical...