A learning model is constructed for two-player repeated games. In an inference step players construct minimally complex models of strategies based on observed play, and in an adaptation step players choose minimally complex best responses to an inference. When both players have optimistic inferences, stage game Nash equilibria are played in all steady states in the set of finite state automata,...

To accurately predict the main economic indices of high technology enterprises in China with nonlinear small sample characteristic, a new method for optimizing Nash nonlinear grey Bernoulli model (Nash NGBM(1,1)) is proposed in this study. Meanwhile, an optimized model is constructed to fully employ the predictive functions of original data information and solve optimum parameters. The process ...

Transition economies have an initial condition of high human capital relative to GDP per capita. But they will not necessarily realize their latent high growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of their family backgrounds and invest substantially in their own human capital. At a bad equilibrium, past educational ach...

Bewley considers a dynamic general equilibrium model with heterogeneous consumers. Assuming that the future is sufficiently important, he shows that an equilibrium path converges to a limit which depends upon initial conditions. This study shows that the limit lies near the stationary state independent of initial conditions. This state is the economy’s so-called turnpike ~ a turnpike is usually...

Thixotropy implies non-equilibrium initial conditions after remolding. At the macroscale, thixotropy manifests as the regain in mechanical properties. At the microscale, thixotropy involves phenomena such as contact creep and interparticle force redistribution, homogenization of pore pressure (in saturated and partially saturated soils), altered ionic distribution and mobility, and the effects ...

[1] We present initial results from an equilibrium code that has been modified to include the effect of anisotropic pressures. This equilibrium code uses a frictional technique to iterate a set of modified MHD equations to equilibrium. We describe the modifications made to the original isotropic equilibrium code, including changes to the initial conditions that include a procedure to enforce th...

Within an adiabatic approximation, thermodynamical equilibrium and a small, nine dimensional, toroidal universe as initial conditions, we analyze the evolution of the dimensions in two different regimes: (i) the Hagedorn regime, with a single scale factor with a nearly constant time evolution (ii) an almost-radiation dominated regime, including the leading corrections due to the lightest Kaluza...