Economic theory tells us that abnormal firm and industry profits will not persist for any significant length of time. Any firm or industry making profits in excess of the normal rate of return will attract entrants and this competitive process will erode profits. However, a substantial amount of...

Karl Popper rightly contests the possibility of a verification of basic statements. At the same time he strictly believes in the possibility of growth of empirical knowledge. Knowledge growth, however, is only possible if empirical theories can be falsified. This raises the question, how...

A new form of ML knowledge representation with high generalization power is developed and implemented numerically. Initial 𝐼𝑁 attributes and 𝑂𝑈𝑇 class label are transformed into the corresponding Hilbert spaces by considering localized wavefunctions. A partially unitary operator...