Characterising response behaviours of biological systems is impaired by limited resources that restrict the exploration of high dimensional parameter spaces. Additionally, experimental errors that provide observations not representative of the true underlying behaviour, mean that observations obtained from these experiments cannot be regarded as always valid. To combat the problem of erroneous ...

Entrepreneurs must experiment to learn how good they are at a new activity. What happens when the experimentation is …nanced by a lender? Under common scenarios, i.e., when there is the opportunity to learn by "starting small" or when "no-compete" clauses cannot be enforced ex-post, we show that …nancing experimentation can become harder precisely when it is more pro…table, i.e., for lower valu...

BACKGROUND Participation in clinical trials can be useful for the health of a person, in who it is conducted, but it does not have to be - it can even be harmful. Therefore, primary motive to accept such risk is humanity and human wish to contribute to the progress of medicine; this is expressed by personal consent. The consent, however, can be an expression of personal humanity, and for this, ...