In Memoriam: Minton Goldman

Steven Minton

In this paper, we consider the role that domaindependent control knowledge plays in problem solving systems. Ginsberg and Geddis (Ginsberg & Geddis 1991) h ave claimed that domaindependent control information has no place in declarative systems; instead, they say, such information should be derived from declarative facts about the domain plus domain-independent principles. We dispute their conc...

In Memoriam-Professor Ajit K.Padhy

No abstract available

Jonathan Goldman Understanding Pierre

Memoriam.

George W. Housner, Carl F Braun Professor of Engineering, emeritus, died after a short illness on 10 November 2008, just a few weeks before his 98th birthday. He was in the retirement home in Pasadena where he had lived for several years. For all of us who knew George, this marked the end of an era. Few people have guided and nurtured a field the way George led earthquake engineering over a per...

Why trade with Goldman?

Using a model of repeated trade between a long-lived, informed, price-discriminating market maker and risk averse traders with endogenous hedging demands, I first show that traders are weakly better off trading with an informed dealer, as they may learn something about an asset’s value in the process of transacting. Second, while longterm incentives can induce an informed market maker to honest...