375 research outputs found
How Effective are Electronic Reputation Mechanisms? An Experimental Investigation
Electronic reputation or "feedback" mechanisms aim to mitigate the moral hazard problems associated with exchange among strangers by providing the type of information available in more traditional close-knit groups, where members are frequently involved in one another's dealings. In this paper, we compare trading in a market with online feedback (as implemented by many Internet markets) to a market without feedback, as well as to a market in which the same people interact with one another repeatedly (partners market). We find that, while the feedback mechanism induces quite a substantial improvement in transaction efficiency, it also exhibits a kind of public goods problem in that, unlike in the partners market, the benefits of trust and trustworthy behavior go to the whole community and are not completely internalized. We discuss the implications of this perspective for improving feedback systems.
Trust among Internet Traders: A Behavioral Economics Approach
Standard economic theory does not capture trust among anonymous Internet traders. But when traders are allowed to have social preferences, uncertainty about a seller's morals opens the door for trust, reward, exploitation and reputation building. We report experiments suggesting that sellers' intrinsic motivations to be trustworthy are not sufficient to sustain trade when not complemented by a feedback system. We demonstrate that it is the interaction of social preferences and cleverly designed reputation mechanisms that solves to a large extent the trust problem on Internet market platforms. However, economic theory and social preference models tend to underestimate the difficulties of promoting trust in anonymous online trading communities.
Analysis of Round Off Errors with Reversibility Test as a Dynamical Indicator
We compare the divergence of orbits and the reversibility error for discrete
time dynamical systems. These two quantities are used to explore the behavior
of the global error induced by round off in the computation of orbits. The
similarity of results found for any system we have analysed suggests the use of
the reversibility error, whose computation is straightforward since it does not
require the knowledge of the exact orbit, as a dynamical indicator. The
statistics of fluctuations induced by round off for an ensemble of initial
conditions has been compared with the results obtained in the case of random
perturbations. Significant differences are observed in the case of regular
orbits due to the correlations of round off error, whereas the results obtained
for the chaotic case are nearly the same. Both the reversibility error and the
orbit divergence computed for the same number of iterations on the whole phase
space provide an insight on the local dynamical properties with a detail
comparable with other dynamical indicators based on variational methods such as
the finite time maximum Lyapunov characteristic exponent, the mean exponential
growth factor of nearby orbits and the smaller alignment index. For 2D
symplectic maps the differentiation between regular and chaotic regions is well
full-filled. For 4D symplectic maps the structure of the resonance web as well
as the nearby weakly chaotic regions are accurately described.Comment: International Journal of Bifurcation and Chaos, 201
Ergodic directions for billiards in a strip with periodically located obstacles
We study the size of the set of ergodic directions for the directional
billiard flows on the infinite band with periodically placed
linear barriers of length . We prove that the set of ergodic
directions is always uncountable. Moreover, if is rational
the Hausdorff dimension of the set of ergodic directions is greater than 1/2.
In both cases (rational and irrational) we construct explicitly some sets of
ergodic directions.Comment: The article is complementary to arXiv:1109.458
Distribution of periodic points of polynomial diffeomorphisms of C^2
This paper deals with the dynamics of a simple family of holomorphic
diffeomorphisms of \C^2: the polynomial automorphisms. This family of maps
has been studied by a number of authors. We refer to [BLS] for a general
introduction to this class of dynamical systems. An interesting object from the
point of view of potential theory is the equilibrium measure of the set
of points with bounded orbits. In [BLS] is also characterized
dynamically as the unique measure of maximal entropy. Thus is also an
equilibrium measure from the point of view of the thermodynamical formalism. In
the present paper we give another dynamical interpretation of as the
limit distribution of the periodic points of
Invariant sets for discontinuous parabolic area-preserving torus maps
We analyze a class of piecewise linear parabolic maps on the torus, namely
those obtained by considering a linear map with double eigenvalue one and
taking modulo one in each component. We show that within this two parameter
family of maps, the set of noninvertible maps is open and dense. For cases
where the entries in the matrix are rational we show that the maximal invariant
set has positive Lebesgue measure and we give bounds on the measure. For
several examples we find expressions for the measure of the invariant set but
we leave open the question as to whether there are parameters for which this
measure is zero.Comment: 19 pages in Latex (with epsfig,amssymb,graphics) with 5 figures in
eps; revised version: section 2 rewritten, new example and picture adde
Cross sections for geodesic flows and \alpha-continued fractions
We adjust Arnoux's coding, in terms of regular continued fractions, of the
geodesic flow on the modular surface to give a cross section on which the
return map is a double cover of the natural extension for the \alpha-continued
fractions, for each in (0,1]. The argument is sufficiently robust to
apply to the Rosen continued fractions and their recently introduced
\alpha-variants.Comment: 20 pages, 2 figure
A series of coverings of the regular n-gon
We define an infinite series of translation coverings of Veech's double-n-gon
for odd n greater or equal to 5 which share the same Veech group. Additionally
we give an infinite series of translation coverings with constant Veech group
of a regular n-gon for even n greater or equal to 8. These families give rise
to explicit examples of infinite translation surfaces with lattice Veech group.Comment: A missing case in step 1 in the proof of Thm. 1 b was added. (To
appear in Geometriae Dedicata.
Observable Optimal State Points of Sub-additive Potentials
For a sequence of sub-additive potentials, Dai [Optimal state points of the
sub-additive ergodic theorem, Nonlinearity, 24 (2011), 1565-1573] gave a method
of choosing state points with negative growth rates for an ergodic dynamical
system. This paper generalizes Dai's result to the non-ergodic case, and proves
that under some mild additional hypothesis, one can choose points with negative
growth rates from a positive Lebesgue measure set, even if the system does not
preserve any measure that is absolutely continuous with respect to Lebesgue
measure.Comment: 16 pages. This work was reported in the summer school in Nanjing
University. In this second version we have included some changes suggested by
the referee. The final version will appear in Discrete and Continuous
Dynamical Systems- Series A - A.I.M. Sciences and will be available at
http://aimsciences.org/journals/homeAllIssue.jsp?journalID=
Finite type approximations of Gibbs measures on sofic subshifts
Consider a H\"older continuous potential defined on the full shift
A^\nn, where is a finite alphabet. Let X\subset A^\nn be a specified
sofic subshift. It is well-known that there is a unique Gibbs measure
on associated to . Besides, there is a natural nested
sequence of subshifts of finite type converging to the sofic subshift
. To this sequence we can associate a sequence of Gibbs measures
. In this paper, we prove that these measures weakly converge
at exponential speed to (in the classical distance metrizing weak
topology). We also establish a strong mixing property (ensuring weak
Bernoullicity) of . Finally, we prove that the measure-theoretic
entropy of converges to the one of exponentially fast.
We indicate how to extend our results to more general subshifts and potentials.
We stress that we use basic algebraic tools (contractive properties of iterated
matrices) and symbolic dynamics.Comment: 18 pages, no figure
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