Players with limited memory

This paper studies a model of memory. The model takes into account that memory capacity is limited and imperfect. We study how agents with such memory limitations, who have very little information about their choice environment, play games. We introduce the notion of a Limited Memory Equilibrium (LME) and show that play converges to an LME in every generic normal form game. Our characterization of the set of LME suggests that players with limited memory do (weakly) better in games than in decision problems. We also show that agents can do quite well even with severely limited memory, although severe limitations tend to make them behave cautiously

Pricing and trust

We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive (monopolistic) markets. We then introduce a regulated intermediate price above the oligopoly price and below the monopoly price. In monopolies volume increases and so does quality, such that overall efficiency is raised by 50%. Somewhat surprisingly, the same pattern emerges in oligopolies. In fact, across all market forms transaction volume and traded quality are maximal in regulated oligopolies

Competition fosters trust

We study the effects of reputation and competition in a stylized market for experience goods. If interaction is anonymous, such markets perform poorly: sellers are not trustworthy, and buyers do not trust sellers. If sellers are identifiable and can, hence, build a reputation, efficiency quadruples but is still at only a third of the first best. Adding more information by granting buyers access to all sellers’ complete history has, somewhat surprisingly, no effect. On the other hand, we find that competition, coupled with some minimal information, eliminates the trust problem almost completely

Learning trust

We examine the effects of different forms of feedback information on the performance of markets that suffer from moral hazard problems due to sequential exchange. As orthodox theory would predict, we find that providing buyers with information about sellers' trading history boosts market performance. More surprisingly, this beneficial effect of incentives for reputation building is considerably enhanced if sellers, too, can observe other sellers' trading history. This suggests that two-sided market transparency is an important ingredient for the design of well-functioning markets that are prone to moral hazard

Proceedings of the Second International Mobile Satellite Conference (IMSC 1990)

Presented here are the proceedings of the Second International Mobile Satellite Conference (IMSC), held June 17-20, 1990 in Ottawa, Canada. Topics covered include future mobile satellite communications concepts, aeronautical applications, modulation and coding, propagation and experimental systems, mobile terminal equipment, network architecture and control, regulatory and policy considerations, vehicle antennas, and speech compression

Earth feature identification for onboard multispectral data editing: Computational experiments

A computational model of the processes involved in multispectral remote sensing and data classification is developed as a tool for designing smart sensors which can process, edit, and classify the data that they acquire. An evaluation of sensor system performance and design tradeoffs involves classification rates and errors as a function of number and location of spectral channels, radiometric sensitivity and calibration accuracy, target discrimination assignments, and accuracy and frequency of compensation for imaging conditions. This model provides a link between the radiometric and statistical properties of the signals to be classified and the performance characteristics of electro-optical sensors and data processing devices. Preliminary computational results are presented which illustrate the editing performance of several remote sensing approaches

Continuous-wave spatial quantum correlations of light induced by multiple scattering

We present theoretical and experimental results on spatial quantum correlations induced by multiple scattering of nonclassical light. A continuous mode quantum theory is derived that enables determining the spatial quantum correlation function from the fluctuations of the total transmittance and reflectance. Utilizing frequency-resolved quantum noise measurements, we observe that the strength of the spatial quantum correlation function can be controlled by changing the quantum state of an incident bright squeezed-light source. Our results are found to be in excellent agreement with the developed theory and form a basis for future research on, e.g., quantum interference of multiple quantum states in a multiple scattering medium.Comment: 8 pages, 6 figure

Coadsorption of Cinchona Alkaloids on Supported Palladium: Nonlinear Effects in Asymmetric Hydrogenation and Resistance of Alkaloids Against Hydrogenation

The transient behavior of the adsorption of cinchona alkaloid modifiers on Pd/TiO2 has been investigated in situ during the enantioselective hydrogenation of 4-methoxy-6-methyl-2-pyrone (1). Modifier mixtures consisting of pairs of alkaloids that alone afford the opposite enantiomers in comparable excess were applied to probe the adsorption behavior and possible nonlinear phenomena. Complementary information has been gathered from an indirect UV-vis study of the adsorption and hydrogenation of cinchonidine and quinidine on Pd/TiO2. The striking nonlinear behavior of cinchonidine-quinidine and cinchonine-quinine pairs in the hydrogenation of 1, and in the competitive saturation of the quinoline rings of the alkaloids, is attributed to differences in the adsorption strength and geometry of the alkaloids. The results are in good agreement with our former mechanistic model assuming that the quinoline ring of cinchona alkaloid and 1 adsorb parallel to the Pd surface during the enantiodifferentiating ste

Pump-Enhanced Continuous-Wave Magnetometry using Nitrogen-Vacancy Ensembles

Ensembles of nitrogen-vacancy centers in diamond are a highly promising platform for high-sensitivity magnetometry, whose efficacy is often based on efficiently generating and monitoring magnetic-field dependent infrared fluorescence. Here we report on an increased sensing efficiency with the use of a 532-nm resonant confocal cavity and a microwave resonator antenna for measuring the local magnetic noise density using the intrinsic nitrogen-vacancy concentration of a chemical-vapor deposited single-crystal diamond. We measure a near-shot-noise-limited magnetic noise floor of 200 pT/$\sqrt{\text{Hz}}$ spanning a bandwidth up to 159 Hz, and an extracted sensitivity of approximately 3 nT/$\sqrt{\text{Hz}}$, with further enhancement limited by the noise floor of the lock-in amplifier and the laser damage threshold of the optical components. Exploration of the microwave and optical pump-rate parameter space demonstrates a linewidth-narrowing regime reached by virtue of using the optical cavity, allowing an enhanced sensitivity to be achieved, despite an unoptimized collection efficiency of <2 %, and a low nitrogen-vacancy concentration of about 0.2 ppb.Comment: 10 pages and 5 figure