While the traditional economic wisdom believes that an individual will become better off by being given a larger opportunity set to choose from, in this paper we question this belief and build a formal theoretical model that introduces decision costs into the rational decision process. We show, under some reasonable conditions, that a larger feasible set may actually lower an individual’s level...

It is reasonable to anticipate that rational agents who are subject to classification by a principal using a discriminant function might attempt to alter their true attribute values so as to achieve a positive classification. We explore this potential strategic gaming and develop inference methods to determine better discriminant functions and show that this strategic behavior results in an alt...

In this paper, we study a geometric G^2 Hermite interpolation by planar rational cubic Bézier curves. Two data points, two tangent vectors and two signed curvatures interpolated per each rational segment. We give the necessary and the sufficient intrinsic geometric conditions for two C^2 parametric curves to be connected with G2 continuity. Locally, the free parameters w...

The Isogeometric Analysis (IA) is utilized for structural topology optimization  considering minimization of weight and local stress constraints. For this purpose, material density of the structure  is  assumed  as  a  continuous  function  throughout  the  design  domain  and approximated using the Non-Uniform Rational B-Spline (NURBS) basis functions. Control points of the density surface are...

Product innovation success has very much to do with the development of models ormetaphors that are able to guide actors. One can observe two traditions in thisregard: rational and non-rational models. Apparently in the former the model, suchas “development funnel”, is regarded as a mechanism and rigid applicable, picturinginnovation as an orderly, goal-oriented, value-neutral, and systematic pr...