Random walks with long-tailed increments have many important applications in insurance, finance, queueing networks, storage processes, and the study of extreme events in nature and elsewhere. See, for example, Embrechts et al. (1997), Asmussen (1998, 1999) and Greiner et al. (1999) for some background. In this paper we study the distribution of the maximum of such a random walk over a random ti...

Cannabis is the illicit substance most widely used by adolescents. Certain personality traits such as impulsivity and sensation seeking, and the subjective effects experienced after substance use (e.g. euphoria or relaxation) have been identified as some of the main etiological factors of consumption. This study aims to categorize a sample of adolescent cannabis users based on their most domina...

In this paper we solve the following open problem: we prove that equivalence in the logic of Temporal Here-and-There (THT) is not only a sufficient, but also a necessary condition for strong equivalence of two Temporal Equilibrium Logic (TEL) theories. This result has allowed constructing a tool, ABSTEM, that can be used to check different types of equivalence between two arbitrary temporal the...

Blet is a puzzle. One starts with an even number of coins, laid out in a circle. At first, the coins are laid out with heads and tails alternating (HTHTHT. . .HT). Each turn, you are allowed to take three consecutive coins that show tails-heads-tails and flip them over, getting heads-tails-heads. This increases the total number of heads by one. You may do the opposite, flipping a heads-tails-he...

A principal acquires information about a shock and then discloses it to an agent. After the disclosure, the principal and agent each decide whether to take costly preparatory actions that yield mutual benefits but only when the shock strikes. The principal maximizes his expected payoff by controlling the quality of his information, and the disclosure rule. We show that even when the acquisition...

Smartwatches collect a broad range of physical activity data during usage. We postulate that Perceived Privacy Risk has a direct negative influence on the Behavioral Intention to Use smartwatches and an indirect negative influence on the Behavioral Intention to Use them through Perceived Usefulness and Perceived Enjoyment. After collecting 229 online questionnaires and applying a SEM approach, ...