Discount factors and thresholds: Foreign investment when enforcement is imperfect [PDF]
We consider a model that provides insight into the well-known Folk theorem in economics that when the discount factor beta is sufficiently close to 1, expropriation will never occur.
Villamil, Anne P., Asiedu, Elizabeth
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Learning Highly Dynamic Skills Transition for Quadruped Jumping Through Constrained Space
A quadruped robot masters dynamic jumps through constrained spaces with animal‐inspired moves and intelligent vision control. This hierarchical learning approach combines imitation of biological agility with real‐time trajectory planning. Although legged animals are capable of performing explosive motions while traversing confined spaces, replicating ...
Zeren Luo +6 more
wiley +1 more source
Stochastic Optimal Growth when the Discount Rate Vanishes [PDF]
It has been shown that long-run optimality of the limit of discounted optima when the discount rate vanishes is implied by a condition on the value function of the optimal program.
Kazuo Nishimura, John Stachurski
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The Future of Research in Cognitive Robotics: Foundation Models or Developmental Cognitive Models?
Research in cognitive robotics founded on principles of developmental psychology and enactive cognitive science would yield what we seek in autonomous robots: the ability to perceive its environment, learn from experience, anticipate the outcome of events, act to pursue goals, and adapt to changing circumstances without resorting to training with ...
David Vernon
wiley +1 more source
Hard‐Magnetic Soft Millirobots in Underactuated Systems
This review provides a comprehensive overview of hard‐magnetic soft millirobots in underactuated systems. It examines key advances in structural design, physics‐informed modeling, and control strategies, while highlighting the interplay among these domains.
Qiong Wang +4 more
wiley +1 more source
How Should the Distant Future be Discounted when Discount Rates are Uncertain? [PDF]
It is not immediately clear how to discount distant-future events, like climate change, when the distant-future discount rate itself is uncertain. The so-called “Weitzman-Gollier puzzle” is the fact that two seemingly symmetric and equally plausible ways
Christian Gollier, Martin L. Weitzman
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Grounding Large Language Models for Robot Task Planning Using Closed‐Loop State Feedback
BrainBody‐Large Language Model (LLM) introduces a hierarchical, feedback‐driven planning framework where two LLMs coordinate high‐level reasoning and low‐level control for robotic tasks. By grounding decisions in real‐time state feedback, it reduces hallucinations and improves task reliability.
Vineet Bhat +4 more
wiley +1 more source
A Critique of the Stochastic Discount Factor Methodology [PDF]
In this paper, we point out that the widely used stochastic discount factor (SDF) methodology ignores a fully specified model for asset returns. As a result, it suffers from two potential problems when asset returns follow a linear factor model.
Guofu Zhou, Raymond Kan
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Continuum Mechanics Modeling of Flexible Spring Joints in Surgical Robots
A new mechanical model of a tendon‐actuated helical extension spring joint in surgical robots is built using Cosserat rod theory. The model can implicitly handle the unknown contacts between adjacent coils and numerically predict spring shapes from straight to significantly bent under actuation forces.
Botian Sun +3 more
wiley +1 more source
Measuring the Social Discount Rate under Uncertainty: A Methodology and Application [PDF]
It is well recognised that the issue of the social rate of discount applies only to the gains from public investment that accrues to the public sector. When it comes to measurement, however, there is a problem: public investment in infrastructure and the
Syed Ahsan, Panagiotis Tsigaris
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