scholarly journals Information in Repeated Ultimatum Game with Unknown Pie Size

2013 ◽  
Vol 2013 ◽  
pp. 1-8 ◽  
Author(s):  
Ching Chyi Lee ◽  
William K. Lau

Within existing literature, it is well known that people’s behavior in ultimatum game experiments cannot be explained by perfect rationality model. There is, however, evidence showing that people are boundedly rational. In this paper, we studied repeated ultimatum game experiments in which the pie size is only known to the proposer (player 1), but the transaction history is made known to both players. We found that subject’s behavior can be very well explained by the history-consistent-rationality model (HCR model) of Lee and Ferguson (2010), which suggests that people’s behavior is affected by what they observed in the past. The HCR model is able to yield point predictions whose errors are on average within 5% of the total pie size. The experimental results provide evidence that subjects' behavior is boundedly rational with respect to the transaction history.

1978 ◽  
Vol 56 (10) ◽  
pp. 1261-1288 ◽  
Author(s):  
V. F. Sears

We present a review of the dynamical theory of neutron diffraction by macroscopic bodies which provides the theoretical basis for the study of neutron optics. We consider both the theory of dispersion, in which it is shown that the coherent wave in the medium satisfies a macroscopic one-body Schrödinger equation, and the theory of reflection, refraction, and diffraction in which the above equation is solved for a number of special cases of interest. The theory is illustrated with the help of experimental results obtained over the past 10 years by a number of new techniques such as neutron gravity refractometry, Pendellösung interference, and neutron interferometry.


1966 ◽  
Vol 1 (4) ◽  
pp. 331-338 ◽  
Author(s):  
T C Hsu

Three different definitions of the yield point have been used in experimental work on the yield locus: proportional limit, proof strain and the ‘yield point’ by backward extrapolation. The theoretical implications of the ‘yield point’ by backward extrapolation are examined in an analysis of the loading and re-loading stress paths. It is shown, in connection with experimental results by Miastkowski and Szczepinski, that the proportional limit found by inspection is in fact a point located by backward extrapolation based on a small section of the stress-strain curve, near the elastic portion of the curve. The effect of different definitions of the yield point on the shape of the yield locus and some considerations for the choice between them are discussed.


2010 ◽  
Vol 133 (3) ◽  
Author(s):  
P. S. Wei

Mechanisms for the formation of bead defects, such as humping, gouging, rippling, and other unexpected surface patterns, encountered in welding or drilling are interpreted and reviewed from thermal-fluid science viewpoint. These defects usually accompanying with porosity, undercut, segregation, stress concentration, etc., seriously reduce the properties and strength of the joint or solidification. Even though different mechanisms for formation of the defects have been extensively proposed in the past, more systematical understanding of pattern formations from thermal, fluid, physics, electromagnetic, pattern selections, and metallurgy sciences is still limited. The effects of working parameters and properties on humping and rippling, for example, can be systematically and quantitatively interpreted from scale analysis presented in this work. Good comparison with experimental results reveals mechanisms of different surface patterns. The mechanistic findings for bead defects are also useful for other manufacturing and materials processing.


2004 ◽  
Vol 120 ◽  
pp. 555-562
Author(s):  
D. Apelian ◽  
S. K. Chaudhury

Heat Treatment and post casting treatments of cast components has always been an important step in the control of microstructure, and resultant properties. In the past, the solutionizing, quenching and ageing process steps may have “required” in total over 20 hours of processing time. With the advent of fluidized bed reactors (FB), processing time has been dramatically reduced. For example, instead of 8-10 hours solutionizing time in a conventional furnace, the time required in FB is less than an hour. Experiments with Al-Si-Mg alloy, (both modified with Sr, and unmodified) were performed, having different diffusion distances (different DAS), and for different reaction times and temperatures. Both the model and the experimental results are presented and discussed.


2008 ◽  
Vol 07 (03) ◽  
pp. 209-217 ◽  
Author(s):  
S. Appavu Alias Balamurugan ◽  
G. Athiappan ◽  
M. Muthu Pandian ◽  
R. Rajaram

Email has become one of the fastest and most economical forms of communication. However, the increase of email users has resulted in the dramatic increase of suspicious emails during the past few years. This paper proposes to apply classification data mining for the task of suspicious email detection based on deception theory. In this paper, email data was classified using four different classifiers (Neural Network, SVM, Naïve Bayesian and Decision Tree). The experiment was performed using weka on the basis of different data size by which the suspicious emails are detected from the email corpus. Experimental results show that simple ID3 classifier which make a binary tree, will give a promising detection rates.


2013 ◽  
Vol 549 ◽  
pp. 31-38 ◽  
Author(s):  
Janina Adamus ◽  
Piotr Lacki

Forming of titanium sheets, especially titanium alloy sheets, is very difficult due to low drawability caused by a high ratio of the yield point to the tensile strength Re/Rm, usually more than 90%. Although drawability of titanium sheets can be enhanced by forming at elevated temperatures it is avoided due to the high costs and difficulties associated with the operation of the process. Therefore the authors have developed an unconventional stamping method allowing for forming of almost unworkable materials at ambient temperature, such as Ti6Al4V titanium alloy. The paper presents both numerical simulation and experimental results of the stamping process using a device specially designed for this purpose.


Author(s):  
F P Naudé ◽  
R D Fröhling ◽  
N J Theron

The analytical model being used by Spoornet to calculate rail stresses on railway track for the past three decades was revisited and improved. The modifications include the incorporation of current best practices and presenting the engineer with guidelines on how to determine input parameters, which are normally difficult to obtain. The most sensitive parameters were investigated, and experimental results, as well as modern modelling methods, were used to establish nominal input values and guidelines for determining such values. The improved analytical model provides engineers with a suitably accurate tool for calculating rail and track component stresses, without the need to build detailed models of the track under investigation.


2010 ◽  
Vol 09 (06) ◽  
pp. 873-888 ◽  
Author(s):  
TZUNG-PEI HONG ◽  
CHING-YAO WANG ◽  
CHUN-WEI LIN

Mining knowledge from large databases has become a critical task for organizations. Managers commonly use the obtained sequential patterns to make decisions. In the past, databases were usually assumed to be static. In real-world applications, however, transactions may be updated. In this paper, a maintenance algorithm for rapidly updating sequential patterns for real-time decision making is proposed. The proposed algorithm utilizes previously discovered large sequences in the maintenance process, thus greatly reducing the number of database rescans and improving performance. Experimental results verify the performance of the proposed approach. The proposed algorithm provides real-time knowledge that can be used for decision making.


Author(s):  
FRANCESCO G. B. DE NATALE ◽  
FABRIZIO GRANELLI ◽  
GIANNI VERNAZZA

Texture analysis based on the extraction of contrast features is very effective in terms of both computational complexity and discrimination capability. In this framework, max–min approaches have been proposed in the past as a simple and powerful tool to characterize a statistical texture. In the present work, a method is proposed that allows exploiting the potential of max–min approaches to efficiently solve the problem of detecting local alterations in a uniform statistical texture. Experimental results show a high defect discrimination capability, and a good attitude to real-time applications, which make it particularly attractive for the development of industrial visual inspection systems.


2014 ◽  
Vol 2014 ◽  
pp. 1-7
Author(s):  
Yi-Nung Yang ◽  
Yu-Jing Chiu

Experiments of a bargaining game between licensors and licensees were conducted. The main treatment is to introduce a “second-chance” negotiation for licensors in a context of ultimatum game. The experimental results reveal that the introduction of the “second-chance” negotiation for licensors has significant impacts on behaviors of the licensors and licensees. This “second-chance” negotiation for licensors essentially increases the average offers made by the licensees, expected willingness-to-accept of the licensors, and offers accepted by the licensors. The market efficiency of patent transaction is improved since the rates of acceptance are strikingly raised. The licensors would be the main beneficiary with this additional opportunity.


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