If agents are ambiguity-averse and can invest in productive assets, asset prices can robustly exhibit indeterminacy in the markets that open after the productive investment has been launched. For indeterminacy to occur, the aggregate supply of goods must appear in precise configurations, but the investment levels that generate these supplies arise systematically. That indeterminacy arises only ...

We examine stability under learning of sunspot equilibria in Real Business Cycle type models with indeterminacies. Our analysis emphasizes the importance of examining alternative representations of sunspot solutions. A general bivariate reduced form contains parameter regions in which sunspots are stable under learning. However, for parameters restricted to those generated by standard models of...

Segmentation is considered as an important step in image processing and computer vision applications, which divides an input image into various non-overlapping homogenous regions and helps to interpret the image more conveniently. This paper presents an efficient image segmentation algorithm using neutrosophic graph cut (NGC). An image is presented in neutrosophic set, and an indeterminacy filt...