5,593 research outputs found

    Ellsberg Paradox and Second-order Preference Theories on Ambiguity: Some New Experimental Evidence

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    We study the two-color problem by Ellsberg (1961) with the modification that the decision maker draws twice with replacement and a different color wins in each draw. The 50-50 risky urn turns out to have the highest risk conceivable among all prospects including the ambiguous one, while all feasible color distributions are mean-preserving spreads to one another. We show that the well-known second-order sophisticated theories like MEU, CEU, and REU as well as Savage’s first-order theory of SEU share the same predictions in our design, for any first-order risk attitude. Yet, we observe that substantial numbers of subjects violate the theory predictions even in this simple design

    Ellsberg Paradox and Second-order Preference Theories on Ambiguity: Some New Experimental Evidence

    Get PDF
    We study the two-color problem by Ellsberg (1961) with the modification that the decision maker draws twice with replacement and a different color wins in each draw. The 50-50 risky urn turns out to have the highest risk conceivable among all prospects including the ambiguous one, while all feasible color distributions are mean-preserving spreads to one another. We show that the well-known second-order sophisticated theories like MEU, CEU, and REU as well as Savage’s first-order theory of SEU share the same predictions in our design, for any first-order risk attitude. Yet, we observe that substantial numbers of subjects violate the theory predictions even in this simple design.Ellsberg paradox, Ambiguity, Second-order risk, Second-order preference theory, Experiment

    Harmonic coordinates in the string and membrane equations

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    In this note, we first show that the solutions to Cauchy problems for two versions of relativistic string and membrane equations are diffeomorphic. Then we investigate the coordinates transformation presented in Ref. [9] (see (2.20) in Ref. [9]) which plays an important role in the study on the dynamics of the motion of string in Minkowski space. This kind of transformed coordinates are harmonic coordinates, and the nonlinear relativistic string equations can be straightforwardly simplified into linear wave equations under this transformation

    A Causal And-Or Graph Model for Visibility Fluent Reasoning in Tracking Interacting Objects

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    Tracking humans that are interacting with the other subjects or environment remains unsolved in visual tracking, because the visibility of the human of interests in videos is unknown and might vary over time. In particular, it is still difficult for state-of-the-art human trackers to recover complete human trajectories in crowded scenes with frequent human interactions. In this work, we consider the visibility status of a subject as a fluent variable, whose change is mostly attributed to the subject's interaction with the surrounding, e.g., crossing behind another object, entering a building, or getting into a vehicle, etc. We introduce a Causal And-Or Graph (C-AOG) to represent the causal-effect relations between an object's visibility fluent and its activities, and develop a probabilistic graph model to jointly reason the visibility fluent change (e.g., from visible to invisible) and track humans in videos. We formulate this joint task as an iterative search of a feasible causal graph structure that enables fast search algorithm, e.g., dynamic programming method. We apply the proposed method on challenging video sequences to evaluate its capabilities of estimating visibility fluent changes of subjects and tracking subjects of interests over time. Results with comparisons demonstrate that our method outperforms the alternative trackers and can recover complete trajectories of humans in complicated scenarios with frequent human interactions.Comment: accepted by CVPR 201
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