Results 91 to 100 of about 3,304,290 (287)
Risk sensitive stochastic control and differential games [PDF]
Communications in Information and Systems, 2006 We give a concise introduction to risk sensitive control of Markov diffusion processes and related two-controller, zero-sum differential games. The method of dynamic programming for the risk sensitive control problem leads to a nonlinear partial differential equation of Hamilton-Jacobi-Bellman type. In the totally risk sensitive limit, this becomes the
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Consensus as a Nash Equilibrium of a Stochastic Differential Game
European Journal of Statistics, 2023 In this paper a consensus has been constructed in a social network which is modeled by a stochastic differential game played by agents of that network. Each agent independently minimizes a cost function which represents their motives. A conditionally expected integral cost function has been considered under an agent’s opinion filtration.
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Multi‐Stage Social Value Orientation‐Based Lane‐Changing Driving for Autonomous Vehicles
Advanced Intelligent Systems, EarlyView.A multi‐stage SVO framework is developed to dynamically infer the social preferences of surrounding vehicles from human driving data. By combining offline learning, online SVO estimation, temporal intention tracking, and interaction‐aware planning, the framework enables autonomous vehicles to adapt lane‐changing decisions and trajectories to evolving ...
Nongrui Qin +4 more
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Stochastic differential game for management of non-renewable fishery resource under model ambiguity
Journal of Biological Dynamics, 2018 A new bio-economic model for managing population of non-renewable inland fishery resource in uncertain environment is presented. Population dynamics of the resource is described with stochastic differential equations (SDEs) having ambiguous growth and ...
Hidekazu Yoshioka, Yuta Yaegashi
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Accounting for animal health in efficiency analysis: An application to Swedish dairy farms
American Journal of Agricultural Economics, EarlyView.Abstract Poor animal health is a central concern in modern livestock production. Despite the necessity to incorporate animal health in efficiency analysis, the theoretical and empirical developments are limited on this subject. This article appropriately characterizes the axiomatic properties of animal health within a production framework.
Frederic Ang +3 more
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Income sharing for common pool resources with uncertain productivity
American Journal of Agricultural Economics, EarlyView.Abstract We address the interconnected issues of externalities in the use of a natural common‐pool resource system and adverse effects of environmental uncertainty on risk‐averse resource users. We set up a simple analytical model and derive conditions such that insurance by means of an income sharing mechanism mitigates externalities and hence ...
Claudia Kelsall +2 more
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Deterministic Approximation of Stochastic Evolution in Games [PDF]
This paper provides deterministic approximation results for stochastic processes that arise when finite populations recurrently play finite games.
Benaim, Michel, Weibull, Jörgen W.
core
Efficient simulation of stochastic chemical kinetics with the Stochastic Bulirsch-Stoer extrapolation method [PDF]
, 2014 BackgroundBiochemical systems with relatively low numbers of components must be simulated stochastically in order to capture their inherent noise. Although there has recently been considerable work on discrete stochastic solvers, there is still a need ...
Barrio Solórzano, Manuel +11 more
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Information framing and the impact of nutrition label serving size change
American Journal of Agricultural Economics, EarlyView.Abstract The framing of information can significantly influence how consumers interpret and respond to it. This paper investigates how the change in serving sizes in Nutrition Facts Panel (NFP) affects consumer choices for carbonated soft drinks (CSD). We first estimate a reduced form difference‐in‐differences (DiD) model to document causal effects on ...
Yuxiang Zhang, Yizao Liu, Linlin Fan
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Dynamic Governance of Electric Vehicle Supply Chain Network Resilience Under Disruption Risks
SystemsIn the context of multiple overlapping uncertainties, upstream disruptions in electric vehicle supply chain networks are becoming increasingly frequent. Given the dynamic and sudden nature of disruption risks, this paper introduces a stochastic stopping ...
Xuan Wang, Xiaoye Zhou, Meilin Zhu
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