Showing 1 - 10 of 53
We investigate local strong rationality (LSR) in a one step forward looking univariate model with memory one. Eductive arguments are used to determine when common knowledge (CK) that the solution is near some perfect foresight path is sufficient to trigger complete coordination on that path...
Persistent link: https://www.econbiz.de/10005625791
Gibbs sampling has had great success in the analysis of mixture models. In particular, the "latent varaible" formulation of the mixture model greatly reduces computational complexity. However, one failing of this approach is the possible existence of almost-absorbing states, called trapping...
Persistent link: https://www.econbiz.de/10005640989
In this paper, we define and study a new class of optimal stochastic control problems which is closely related to the theory of Backward SDE's and forward-backward SDE's. The controlled process takes values in RXR and a given initial data for X(O). Then, the control problem is to find the...
Persistent link: https://www.econbiz.de/10005475332
We analyze the approximation behaviour of some of the best-known polynomial time approximation algorithms for bin-packing under an approximation criterion, called differential ratio. This measure has originally been introduced by Ausiello, D'Atri and Protasi and more recently revisited, in a...
Persistent link: https://www.econbiz.de/10005475336
We devise an approximation-preserving reduction of expansion O between weighted and unweighted versions of a class of problems called weighted hereditary induced-subgraph maximisation problems. This allows us to perform a first improvement of the best approximation ratio for the weighted...
Persistent link: https://www.econbiz.de/10005630673
We shape a formal framework for distinguishing the behaviour of constructive and non-constructive polynomial time approximation algorithms for NP optimization problems. We introduce a new class, called SubNPO, that includes NPO and also some other problems used in recent works.
Persistent link: https://www.econbiz.de/10005630682
We draw a rough shape of a general formal framework for polynomial approximation theory which encompasses the existing one by allowing the expression of new types of results. We show how this framework incorporates all the existing approximation results and, moreover, how new types of results...
Persistent link: https://www.econbiz.de/10005630747
The modelling of rare events via a Poisson distribution sometimes reveals substantial over-dispersion, indicating that some unexplained discontinuity arises in the data. We suggest modelling this over-dispersion by a Poisson mixture.
Persistent link: https://www.econbiz.de/10005641080
which they assign probabilities. This paper describes a theory of probability that is fully subjective in the sense that … both the domain and the values of the probability measure are derived from preference. The key is a formal definition for …
Persistent link: https://www.econbiz.de/10005808207
This paper analyses the implications of basic tests for lotteries on the probability weighting function w(p). We first …
Persistent link: https://www.econbiz.de/10005618713