We extend the classical results on the Walras-core existence and equivalence to an ambiguous asymmetric information economies, i.e., economies where agents maximize Maximin Expected Utility (MEU). The interest of considering ambiguity arises from the fact that, in the presence of MEU decision making, there is no conflict between efficiency and incentive compatibility, (contrary to the Bayesian ...

Departures from pure self interest in economic experiments have recently inspired models of “social preferences”. We conduct experiments on simple two-person and three-person games with binary choices that test these theories more directly than the array of games conventionally considered. Our experiments show strong support for the prevalence of “quasimaximin” preferences: People sacrifice to ...

It has been proposed that animals and humans might choose a speed-accuracy tradeoff that maximizes reward rate. For this utility function the simple drift-diffusion model of two-alternative forced-choice tasks predicts a parameter-free optimal performance curve that relates normalized decision times to error rates under varying task conditions. However, behavioral data indicate that only ≈ 30% ...

Cross-modal clustering (CMC) aims to enhance the performance by exploring complementary information from multiple modalities. However, performances of existing CMC algorithms are still unsatisfactory due conflict heterogeneous modalities and high-dimensional non-linear property individual modality. In this paper, a novel deep mutual maximin (DMIM) method for cross-modal is proposed maximally pr...

Temperature rise between 2.6 and 4.8 °C will impact the productivity of soybean at turn twenty-first century. To predict differences in genotypes to high temperatures, twelve were grown greenhouses maintained a mean temperature 26, 29, 32, 35 °C, respectively, with one set natural conditions. The leaf area, total biomass, photosynthesis, Fv/Fm, pollen germination, reproductive efficiency signif...

In this paper we show that for the case of two subjects the inequity-aversion utility coincides with the social-welfare utility that weights egoistic preferences, Hick optimality and maximin fairness. We also compare the generalizations of the inequity-aversion and social-welfare utilities to the case of more than two players and show that these two utilities are generalized in different ways. ...