Search results for "stochastic"
showing 10 items of 1018 documents
Commitment and choice of partner in a negotiation with a deadline
2002
This paper analyses the effects of partially revocable endogenous commitments of a seller in a negotiation with a deadline. In particular, we examine when commitment is a source of strength, a source of inefficiency and when it does not affect the bargaining outcome at all. We show that when commitment possesses a minimum amount of irrevocability this crucially determines the bargaining outcome. In the bilateral bargaining case, commitment becomes a source of inefficiency since it causes a deadline effect. In the choice of partner framework, however, the deadline effect disappears and there is an immediate agreement and, moreover, commitment becomes a source of strength since it increases t…
Detrimental noise effects on brain's speech functions.
2009
Background noise has become part of our everyday life in modern societies. Its presence affects both the ability to concentrate and communicate. Some individuals, like children, the elderly, and non-native speakers have pronounced problems in noisy environments. Here we review evidence suggesting that background noise has both transient and Sustained detrimental effects on central speech processing. Studies on the effects of noise on neural processes have demonstrated hemispheric reorganization in speech processing in adult individuals during background noise. During noise, the well-known left hemisphere dominance in speech discrimination became right hemisphere preponderant. Furthermore, l…
A Multivariate Age-Structured Stochastic Model with Immunization Strategies to Describe Bronchiolitis Dynamics
2021
Bronchiolitis has a high morbidity in children under 2 years old. Respiratory syncytial virus (RSV) is the most common pathogen causing the disease. At present, there is only a costly humanized monoclonal RSV-specific antibody to prevent RSV. However, different immunization strategies are being developed. Hence, evaluation and comparison of their impact is important for policymakers. The analysis of the disease with a Bayesian stochastic compartmental model provided an improved and more natural description of its dynamics. However, the consideration of different age groups is still needed, since disease transmission greatly varies with age. In this work, we propose a multivariate age-struct…
The Effects of Stochastic Galvanic Vestibular Stimulation on Body Sway and Muscle Activity
2020
Objective: This study aimed to investigate whether galvanic vestibular stimulation with stochastic noise (nGVS) modulates the body sway and muscle activity of the lower limbs, depending on visual and somatosensory information from the foot using rubber-foam.Methods: Seventeen healthy young adults participated in the study. Each subject maintained an upright standing position on a force plate with/without rubber-foam, with their eyes open/closed, to measure the position of their foot center of pressure. Thirty minutes after baseline measurements under four possible conditions (eyes open/closed with/without rubber-foam) performed without nGVS (intensity: 1 mA, duration: 40 s), the stimulation…
Herramientas matemáticas para la valoración de la ampliación de una infraestructura portuaria
2003
infraestructura portuaria ya consolidada, que conlleva unas inversiones a largo plazo. Para ello hay que recurrir a medios de an´alisis capaces de recoger, en la medida de lo posible, la incertidumbre sobre la futura evoluci´on de los tr´aficos de mercanc´?as, sobre el efecto de la competencia entre puertos, etc., y que los m´etodos tradicionales no aproximan en toda su dimensi´on. Existe, adem´as, un problema de decisi´on de pol´?tica ´optima de gesti´on del proyecto que depende de variables de decisi´on que modelizan las opciones presentes en el mismo. Las oportunidades de inversi´on han sido tratadas como una colecci´on de opciones americanas sobre activos reales. Nosotros hemos optado p…
Modelling the effects of cropping systems on weed dynamics: the trade-off between process analysis and decision support
2022
Models are essential to synthesize knowledge on weeds and to design integrated weed-management strategies. These models must rank cropping systems as a function of weed infestation, and account for variability in effects to estimate probabilities of success or failure. Three case studies are presented: (1) an empirical static single-equation model that directly relates weed biomass to crop management, with few inputs and parameters, (2) a matrix-based multiannual model predicting a few key weed stages annually, from weed control options and a few parameters, (3) a mechanistic process-based multiannual model predicting detailed soil, crop and weed state variables daily, with an individual-ba…
Recursion at the crossroads of sequence modeling, random trees, stochastic algorithms and martingales
2013
This monograph synthesizes several studies spanning from dynamical systems in the statistical analysis of sequences, to analysis of algorithms in random trees and discrete stochastic processes. These works find applications in various fields ranging from biological sequences to linear regression models, branching processes, through functional statistics and estimates of risk indicators for insurances. All the established results use, in one way or another, the recursive property of the structure under study, by highlighting invariants such as martingales, which are at the heart of this monograph, as tools as well as objects of study.
The Euro and Monetary Policy Transparency
2002
This paper focuses on a possible explanation for the weakness of the euro, namely the lack of transparency of the European Central Bank's (ECB) monetary policy. In order to obtain a time-varying measure of monetary policy uncertainty in both the U.S. and Euroland, we estimate a Stochastic Volatility model using policy-adjusted short-term interest rates. We also analyze directly the impact of higher uncertainty on the euro-dollar exchange rate. The empirical findings are in line with those of other studies, and show that the U.S. Fed is more transparent than the ECB. This results in higher volatility of European interest rates, capital outflows, and a weaker euro vis-a-vis the U.S. dollar.
Multinationals, R&D and productivity: Evidence for UK Manufacturing firms
2010
In this study, we analyze multinationality (domestic-based firms versus multinationals) and foreignness (foreign versus domestic firms) effects in the returns of R&D to productivity. We follow a two-step strategy. In the first step, we consistently estimate firm's productivity by GMM and numerically compute the sample distribution of the R&D returns. In the second step, we use stochastic dominance techniques to make inferences on the multinationality and foreignness effects. Results for a panel of UK manufacturing firms suggest that multinationality and foreignness effects operate in an opposite way: whilst the multinationality effect enhances R&D returns, the foreignness diminishes them. C…
Noise effect in a FitzHugh-Nagumo circuit driven by a bichromatic signal
2013
We analyze the response of a nonlinear circuit exactly ruled by the FitzHugh-Nagumo equations. This circuit is submitted to a bichromatic signal including a high frequency and a low frequency. In absence of noise, we show that for an appropriate amplitude of the high frequency driving, the response of the circuit estimated at the low frequency can be optimized via the phenomenon of vibrational resonance. Next, we show that under certain conditions, noise can contribute to the effect of vibrational resonance. Colored noise is also considered. Our experimental results are confirmed by a numerical analysis.