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A seller with one unit of a good faces N\geq3 buyers and a single competitor who sells one other identical unit in a second-price auction with a reserve price. Buyers who do not get the seller's good will compete in the competitor's…

Theoretical Economics · Economics 2021-10-26 Kenneth Hendricks , Thomas Wiseman

The sequential sampling of populations with unequal probabilities and with replacement in a closed population is a recurrent problem in ecology and evolution. Many of these questions can be reformulated as urn problems, often as special…

Given a pattern x of length m and a text y of length n, both over an ordered alphabet, the order-preserving pattern matching problem consists in finding all substrings of the text with the same relative order as the pattern. It is an…

Data Structures and Algorithms · Computer Science 2015-01-19 Simone Faro , Oğuzhan Külekci

A new axiom for rules for claims problems is introduced. It strengthens a condition studied in supply chain literature, which forces rules to disincentivize order inflation under capacity allocation and retail competition. The relevance of…

Theoretical Economics · Economics 2024-12-30 Kentarô Yamamoto

We develop extensions to auction theory results that are useful in real life scenarios. 1. Since valuations are generally positive we first develop approximations using the log-normal distribution. This would be useful for many finance…

Computer Science and Game Theory · Computer Science 2019-05-09 Ravi Kashyap

This work focuses on Exchangeable Occupancy Models (EOM) and their relations with the Uniform Order Statistics Property (UOSP) for point processes in discrete time. As our main purpose, we show how definitions and results presented in…

Probability · Mathematics 2013-01-08 Francesca Collet , Fabrizio Leisen , Fabio Spizzichino , Florentina Suter

We explore the resolution of claims problems with history. At a given period of time, a group of agents holds claims over an insufficient endowment, as they did in previous periods. The solution to the present-period problem might be…

Order statistics theory is applied in this paper to probabilistic robust control theory to compute the minimum sample size needed to come up with a reliable estimate of an uncertain quantity under continuity assumption of the related…

Optimization and Control · Mathematics 2008-05-13 Xinjia Chen , Kemin Zhou

Stochastic games with discounted payoff, introduced by Shapley, model adversarial interactions in stochastic environments where two players try to optimize a discounted sum of rewards. In this model, long-term weights are geometrically…

Computer Science and Game Theory · Computer Science 2021-10-22 Taylor Dohmen , Ashutosh Trivedi

Understanding cooperative behavior in biological and social systems constitutes a scientific challenge, being the object of intense research over the past decades. Many mechanisms have been proposed to explain the presence and persistence…

Physics and Society · Physics 2022-08-24 Hugo Perez-Martinez , Carlos Gracia-Lazaro , Fabio Dercole , Yamir Moreno

I study the problem of allocating objects among agents without using money. Agents can receive several objects and have dichotomous preferences, meaning that they either consider objects to be acceptable or not. In this setup, the…

Economics · Quantitative Finance 2018-07-09 Josue Ortega

We study the problem of fairly allocating a set of indivisible items among a set of agents. We consider the notion of (approximate) maximin share (MMS) and we provide an improved lower bound of $1/2$ (which is tight) for the case of…

Computer Science and Game Theory · Computer Science 2025-02-10 George Christodoulou , Vasilis Christoforidis , Symeon Mastrakoulis , Alkmini Sgouritsa

We describe and develop a close relationship between two problems that have customarily been regarded as distinct: that of maximizing entropy, and that of minimizing worst-case expected loss. Using a formulation grounded in the equilibrium…

Statistics Theory · Mathematics 2007-06-13 Peter D. Grunwald , A. Philip Dawid

We consider a problem where multiple agents must learn an action profile that maximises the sum of their utilities in a distributed manner. The agents are assumed to have no knowledge of either the utility functions or the actions and…

Systems and Control · Computer Science 2016-03-31 Chithrupa Ramesh , Marius Schmitt , John Lygeros

The "double Dixie cup problem" of D.J. Newman and L. Shepp (1960) is a well-known variant of the coupon collector's problem, where the object of study is the number $T_{m}(N)$ of coupons that a collector has to buy in order to complete $m$…

Probability · Mathematics 2015-11-06 Aristides V. Doumas , Vassilis G. Papanicolaou

Bounds on the log partition function are important in a variety of contexts, including approximate inference, model fitting, decision theory, and large deviations analysis. We introduce a new class of upper bounds on the log partition…

Machine Learning · Computer Science 2013-01-07 Martin Wainwright , Tommi S. Jaakkola , Alan Willsky

We reveal an interesting convex duality relationship between two problems: (a) minimizing the probability of lifetime ruin when the rate of consumption is stochastic and when the individual can invest in a Black-Scholes financial market;…

Portfolio Management · Quantitative Finance 2010-08-30 Erhan Bayraktar , Virginia R. Young

Sequential learning problems are common in several fields of research and practical applications. Examples include dynamic pricing and assortment, design of auctions and incentives and permeate a large number of sequential treatment…

Machine Learning · Statistics 2024-03-26 Claudio Cardoso Flores , Marcelo Cunha Medeiros

In this paper continuity theorems are established for the number of losses during a busy period of the $M/M/1/n$ queue. We consider an $M/GI/1/n$ queueing system where the service time probability distribution, slightly different in a…

Probability · Mathematics 2008-08-01 Vyacheslav M. Abramov

We consider an autonomous navigation problem, whereby a traveler aims at traversing an environment in which an adversary tries to set an ambush. A two players zero sum game is introduced. Players' strategies are computed as random path…

Robotics · Computer Science 2016-12-08 Emmanuel Boidot , Aude Marzuoli , Eric Feron