We consider a simple mechanism design problem with private values in which each agent perceives Knightian uncertainty over his opponents’ types. Uncertainty is formalized using incomplete preferences as in Bewley (1986). We show that the seller can extract all gains from trade with a direct mechanism in which truth-telling is a Nash equilibrium, in the sense that no buyer has a unilateral incen...

Arguments are given that time must be defined in an operative manner,i.e., by constructing devices which can serve as clocks.The investigation of such devices leads to the conclusion that there is a principal uncertainity of time if one considers periods which are not large compared with the Planck time. Thus,according to the old (classical) concept,time cannot be well-defined at this scale.The...

In this paper, real time implementation of PI and PID controllers is Investigated for stabilizing an arbitrary-order plant or system. Simple closed loop feedback ,PI controller can overcome all the problems of uncertainties like time delay in LTI (Linear Time Invariant) system.This paper will give us an implortant alogorithm to be imlemented in MATLAB for achieving the robust stability in LTI p...

Dealing with uncertainty is a fundamental challenge for building any practical robot platform. In fact, the ability to adapt and react to uncertain scenarios is an essential sign of an intelligent agent. Furthermore, uncertainty can arise from every component of a robotic system. Inaccurate motion models, sensory noises, and even human factors are all common sources of the unexpected. From an a...

A bstract We use the Crooks fluctuation theorem [1, 2] together with Zubarev hydro- dynamics [3] to develop a bottom-up theory of hydrodynamic fluctuations. also thermodynamic uncertainity relations estimate limits dissipative transport coefficients.

The domestic private investment serves as a prerequisite for the development and modernization of any economy. In Kenya, macroeconomic political uncertainties play significant role in influencing investments. That is informed by fact that these investments allow investors to fund particular ventures, which creates jobs increase government revenues through taxation, hence boosting growth economy...

What happens to the uncertainity relations along the process of gravitational collapses ? What is the position-space wave function of two finite volume massive bosons if we take contact interaction into account? What is the microscopic explanation in terms of particle exchanges of the force in the Casimir effect?

Health Services contracted with the UCSF AIDS Health Project, then less than a year old, to produce a newsletter for mental health providers on AIDS research and counseling. In December 1985, AHP published the first issue of what was then called FOCUS: A Review of AIDS Research. You are reading the 234th issue of FOCUS, which remains one of the longest running AIDS publications in the world. Fr...

What happens to the uncertainity relations along the process of gravitational collapses ? What is the position-space wave function of two finite volume massive bosons if we take contact interaction into account? What is the microscopic explanation in terms of particle exchanges of the force in the Casimir effect?