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Parameter learning strongly amplifies the impact of macroeconomic shocks on marginal utility when the representative agent has a preference for early resolution of uncertainty. This occurs as rational belief updating generates subjective long-run consumpti ...
Revenue management (RM) can be considered an application of operations research in the transportation industry. For these service companies, it is a difficult task to adjust supply and demand. In order to maximize revenue, RM systems display demand behavio ...
Systems and methods for tracking interacting objects may acquire, with a sensor, and two or more images associated with two or more time instances. A processor may generate image data from the two or more images. The processor may apply an extended Probabi ...
Trajectories of objects are estimated by determining the optimal solution(s) of a tracking model on the basis of an occupancy probability distribution. The occupancy probability distribution is the probability of presence of objects over a set of discrete ...
An epidemic that spreads in a network calls for a decision on the part of the network users. They have to decide whether to protect themselves or not. Their decision depends on the trade-off between their perceived infection and the protection cost. Aiming ...
We develop a finite horizon continuous time market model, where risk-averse investors maximize utility from terminal wealth by dynamically investing in a risk-free money market account, a stock, and a defaultable bond, whose prices are determined via equil ...
We consider dynamic random walks where the nearest neighbour jump rates are determined by an underlying supercritical contact process in equilibrium. This has previously been studied by den Hollander and dos Santos (arXiv: 1209.1511). We show the CLT for s ...
To quantify a player’s commitment in a given Nash equilibrium of a finite dynamic game, we map the corresponding normal-form game to a “canonical supergame,” which allows each player to adjust his or her move with a certain probability. The commitment meas ...
The properties of the interface between solid and melt are key to solidification and melting, as the interfacial free energy introduces a kinetic barrier to phase transitions. This makes solidification happen below the melting temperature, in out-of-equili ...
This paper discusses the interactive design exploration of static equilibria using constraint-based graphic statics. Constraint-based graphic statics is a computerized framework improving the construction, the control and the capabilities of classical grap ...