3,232 research outputs found

    Air intakes for a probative missile of rocket ramjet

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    The methods employed to test air intakes for a supersonic guided ramjet powered missile being tested by ONERA are described. Both flight tests and wind tunnel tests were performed on instrumented rockets to verify the designs. Consideration as given to the number of intakes, with the goal of delivering the maximum pressure to the engine. The S2, S4, and S5 wind tunnels were operated at Mach nos. 1.5-3 for the tests, which were compartmentalized into fuselage-intake interaction, optimization of the intake shapes, and the intake performance. Tests were performed on the length and form of the ogive, the presence of grooves, the height of traps in the boundary layer, the types and number of intakes and the lengths and forms of diffusers. Attention was also given to the effects of sideslip, effects of the longitudinal and circumferential positions of the intakes were also examined. Near optimum performance was realized during Mach 2.2 test flights of the prototype rockets

    Stochastic Approximation with Averaging Innovation Applied to Finance

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    The aim of the paper is to establish a convergence theorem for multi-dimensional stochastic approximation when the "innovations" satisfy some "light" averaging properties in the presence of a pathwise Lyapunov function. These averaging assumptions allow us to unify apparently remote frameworks where the innovations are simulated (possibly deterministic like in Quasi-Monte Carlo simulation) or exogenous (like market data) with ergodic properties. We propose several fields of applications and illustrate our results on five examples mainly motivated by Finance

    Power measures derived from the sequential query process

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    We study a basic sequential model for the discovery of winning coalitions in a simple game, well known from its use in defining the Shapley-Shubik power index. We derive in a uniform way a family of measures of collective and individual power in simple games, and show that, as for the Shapley-Shubik index, they extend naturally to measures for TU-games. In particular, the individual measures include all weighted semivalues. We single out the simplest measure in our family for more investigation, as it is new to the literature as far as we know. Although it is very different from the Shapley value, it is closely related in several ways, and is the natural analogue of the Shapley value under a nonstandard, but natural, definition of simple game. We illustrate this new measure by calculating its values on some standard examples.Comment: 13 pages, to appear in Mathematical Social Science

    - POWER INDICES AND THE VEIL OF IGNORANCE

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    We provide an axiomatic foundation of the expected utility preferences over lotteries on roles in simple superadditive games represented by the two main power indices, the Shapley-Shubik index and the Banzhaf index, when they are interpreted as von Neumann-Morgenstern utility functions. Our axioms admit meaningful interpretations in the setting proposed by Roth in terms of different attitudes toward risk involving roles in collective decision procedures under the veil of ignorance. In particular, an illuminating interpretation of ''efficiency'', up to now missing in this set up, as well as of the corresponding axiom for the Banzhaf index, is provided.Power indices, voting power, collective decision-making, lotteries

    A CRITICAL REAPPRAISAL OF SOME VOTING POWER PARADOXES

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    Power indices are meant to assess the power that a voting rule confers a priori to each of the decision makers who use it. In order to test and compare them, some authors have proposed "natural" postulates that a measure of a priori voting power "should" satisfy, the violations of which are called "voting power paradoxes". In this paper two general measures of factual success and decisiveness based on the voting rule and the voters' behavior, and some of these postulates/paradoxes test each other. As a result serious doubts on the discriminating power of most voting power postulates are cast.Voting power, decisiveness, success, voting rules, voting behavior, postulates, paradoxes.

    POTENTIAL, VALUE AND PROBABILITY

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    This paper focuses on the probabilistic point of view and proposes a extremely simple probabilistic model that provides a single and simple story to account for several extensions of the Shapley value, as weighted Shapley values, semivalues, and weak (weighted or not) semivalues, and the Shapley value itself. Moreover, some of the most interesting conditions or notions that have been introduced in the search of alternatives to Shapley's seminal characterization, as 'balanced contributions' and the 'potential', are reinterpreted from this same point of view. In this new light these notions and some results lose their 'mystery' and acquire a clear and simple meaning. These illuminating reinterpretations strongly vindicate the complementariness of the probabilistic and the axiomatic approaches, and shed serious doubts about the achievements of the axiomatic approach since Nash's and Shapley's seminal papers in connection with the genuine notion of value.Coalition games, value, potential

    BARGAINING, VOTING, AND VALUE

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    This paper addresses the following issue: If a set of agents bargain on a set of feasible alternatives 'in the shadow' of a voting rule, that is, any agreement can be enforced if a 'winning coalition' supports it, what general agreements are likely to arise? In other words: What influence can the voting rule used to settle (possibly non-unanimous) agreements have on the outcome of negotiations? To give an answer we model the situation as an extension of the Nash bargaining problem in which an arbitrary voting rule replaces unanimity to settle agreements by n players. This provides a setting in which a natural extension of Nash's solution is obtained axiomatically. Two extensions admitting randomization on voting rules based on two informational scenarios are considered.Bargaining, voting, value, bargaining in committees.

    BARGAINING IN COMMITTEES OF REPRESENTATIVES: THE OPTIMAL VOTING RULE

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    Committees are often made up of representatives of different-sized groups of individuals, and make decisions by means of a voting rule which specifies what vote configurations can pass a decision. This raises the question of the choice of the optimal voting rule, given the different sizes of the groups that members represent. In this paper we take a new departure to address this problem, assuming that the committee is a bargaining scenario in which negotiations take place 'in the shadow of the voting rule' in search of unanimous consensus. That is, a general agreement is looked for, but any winning coalition can enforce an agreement.Voting rule, Bargaining, Nash solution.

    ASSESSMENT OF VOTING SITUATIONS: THE PROBABILISTIC FOUNDATIONS

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    In this paper we revise the probabilistic foundations of the theory of the measurement of 'voting power' either as success or decisiveness. For an assessment of these features two inputs are claimed to be necessary: the voting procedure and the voters' behavior. We propose a simple model in which the voters' behavior is summarized by a probability distribution over all vote configurations. This basic model, at once simpler and more general that other probabilistic models, provides a clear conceptual common basis to reinterpret coherently from a unified point of view di.erent power indices and some related game theoretic notions, as well as a wider perspective for a dispassionate assessment of the power indices themselves, their merits and their limitations.Voting rules, voting power, decisiveness, success, power indices
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