Decision Making Under Uncertainty

Size: px
Start display at page:

Download "Decision Making Under Uncertainty"

Transcription

1 CSC384: Intro to Artificil Intelligence Preferences Decision Mking Under Uncertinty Decision Trees DBN: 15.1 nd 15.5 Decision Network: 16.1,16.2,16.5,16.6 I give root plnning prolem: I wnt coffee ut coffee mker is roken: root reports No pln! 1 2 Preferences Preference Orderings We relly wnt more roust ehvior. Root to know wht to do if my primry gol cn t e stisfied I should provide it with some indiction of my preferences over lterntives e.g., coffee etter thn te, te etter thn wter, wter etter thn nothing, etc. But it s more complex: it could wit 45 minutes for coffee mker to e fixed wht s etter: te now? coffee in 45 minutes? could express preferences for <everge,time> pirs A preference ordering is rnking of ll possile sttes of ffirs (worlds) S these could e outcomes of ctions, truth ssts, sttes in serch prolem, etc. s t: mens tht stte s is t lest s good s t s t: mens tht stte s is strictly preferred to t We insist tht is reflexive: i.e., s s for ll sttes s trnsitive: i.e., if s t nd t w, then s w connected: for ll sttes s,t, either s t or t s 3 4

2 Why Impose These Conditions? Decision Prolems: Certinty Structure of preference ordering imposes certin rtionlity requirements (it is wek ordering) E.g., why trnsitivity? Suppose you (strictly) prefer coffee to te, te to OJ, OJ to coffee If you prefer X to Y, you ll trde me Y plus $1 for X I cn construct money pump nd extrct ritrry mounts of money from you Best Worst A decision prolem under certinty is: set of decisions D e.g., pths in serch grph, plns, ctions set of outcomes or sttes S e.g., sttes you could rech y executing pln n outcome function f : D S the outcome of ny decision preference ordering over S A solution to decision prolem is ny d* D such tht f(d*) f(d) for ll d D 5 6 Decision Prolems: Certinty Decision Mking under Uncertinty A decision prolem under certinty is: set of decisions D set of outcomes or sttes S n outcome function f : D S preference ordering over S A solution to decision prolem is ny d* D such tht f(d*) f(d) for ll d D e.g., in clssicl plnning we tht ny gol stte s is preferred/equl to every other stte. So d* is solution iff f(d*) is solution stte. I.e., d* is solution iff it is pln tht chieves the gol. More generlly, in clssicl plnning we might consider different gols with different vlues, nd we wnt d* to e pln tht optimizes our vlue. getcoffee.8.2 chc, mess chc, mess donothing chc, mess Suppose ctions don t hve deterministic outcomes e.g., when root pours coffee, it spills 20% of time, mking mess preferences: chc, mess chc, mess chc, mess Wht should root do? decision getcoffee leds to good outcome nd d outcome with some proility decision donothing leds to medium outcome for sure Should root e optimistic? pessimistic? Relly odds of success should influence decision ut how? 7 8

3 Utilities Expected Utility Rther thn just rnking outcomes, we must quntify our degree of preference e.g., how much more importnt is hving coffee thn hving te? A utility function U: S R ssocites relvlued utility with ech outcome (stte). U(s) quntifies our degree of preference for s Note: U induces preference ordering U over the sttes S defined s: s U t iff U(s) U(t) U is reflexive, trnsitive, connected With utilities we cn compute expected utilities! In decision mking under uncertinty, ech decision d induces distriution Pr d over possile outcomes Pr d (s) is proility of outcome s under decision d The expected utility of decision d is defined s S EU ( d) = Pr ( s) U ( s) d 9 10 Expected Utility The MEU Principle Sy U(chc, ms) = 10, U( chc, ms) = 5, U( chc,ms) = 0, Then EU(getcoffee) = 8 EU(donothing) = 5 If U(chc, ms) = 10, U( chc, ms) = 9, U( chc,ms) = 0, EU(getcoffee) = 8 EU(donothing) = 9 The principle of mximum expected utility (MEU) sttes tht the optiml decision under conditions of uncertinty is the decision tht hs gretest expected utility. In our exmple if my utility function is the first one, my root should get coffee if your utility function is the second one, your root should do nothing 11 12

4 Computtionl Issues Decision Prolems: Uncertinty At some level, the solution to decision prolem is trivil, however: complexity lies in the fct tht the decisions nd outcome function re rrely specified explicitly e.g., in plnning or serch prolem, you construct the set of decisions y constructing pths or exploring serch pths. Then we hve to evlute the expected utility of ech. Computtionlly hrd! e.g., we find pln chieving some expected utility e Cn we stop serching? Must convince ourselves no etter pln exists Generlly requires serching entire pln spce, unless we hve some clever tricks A decision prolem under uncertinty is: set of decisions D set of outcomes or sttes S n outcome function Pr : D (S) (S) is the set of distriutions over S (e.g., Pr d ) utility function U over S A solution to decision prolem under uncertinty is ny d* D such tht EU(d*) EU(d) for ll d D Expected Utility: Notes Expected Utility: Notes Note tht this viewpoint ccounts for oth: uncertinty in ction outcomes uncertinty in stte of knowledge ny comintion of the two s s1 s2 0.3 s3 0.7 s4 Stochstic ctions 0.7 s1 0.3 s2 0.7 t1 0.3 t2 0.7 w1 0.3 w2 Uncertin knowledge Why MEU? Where do utilities come from? underlying foundtions of utility theory tightly couple utility with ction/choice utility function cn e determined y sking someone out their preferences for ctions in specific scenrios (or lotteries over outcomes) Utility functions needn t e unique if I multiply U y positive constnt, ll decisions hve sme reltive utility if I dd constnt to U, sme thing U is unique up to positive ffine trnsformtion 15 16

5 So Wht re the Complictions? Outcome spce is lrge like ll of our prolems, sttes spces cn e huge don t wnt to spell out distriutions like Pr d explicitly Soln: Byes nets (or relted: influence digrms) So Wht re the Complictions? Decision spce is lrge usully our decisions re not one-shot ctions rther they involve sequentil choices (like plns) if we tret ech pln s distinct decision, decision spce is too lrge to hndle directly Soln: use dynmic progrmming methods to construct optiml plns (ctully generliztions of plns, clled policies like in gme trees) An Simple Exmple Distriutions for Action Sequences Suppose we hve two ctions:, We hve time to execute two ctions in sequence This mens we cn do either: [,], [,], [,], [,] Actions re stochstic: ction induces distriution Pr (s i s j ) over sttes e.g., Pr (s 2 s 1 ) =.9 mens pro. of moving to stte s 2 when is performed t s 1 is.9 similr distriution for ction How good is prticulr sequence of ctions? s s2 s3 s12 s s4 s5 s6 s7 s8 s9 s10 s11 s14 s15 s16 s17 s18 s19 s20 s

6 Distriutions for Action Sequences.5.5 s4 s5 s2 s6 Sequence [,] gives distriution over finl sttes Pr(s4) =.45, Pr(s5) =.45, Pr(s8) =.02, Pr(s9) =.08 Similrly: s3 s s7.2.8 s8 s s10 s11 s14 [,]: Pr(s6) =.54, Pr(s7) =.36, Pr(s10) =.07, Pr(s11) =.03 nd similr distriutions for sequences [,] nd [,] s15 s s16 s s18 s19 s s20 s21 21 How Good is Sequence? We ssocite utilities with the finl outcomes how good is it to end up t s4, s5, s6, Now we hve: EU() =.45u(s4) +.45u(s5) +.02u(s8) +.08u(s9) EU() =.54u(s6) +.36u(s7) +.07u(s10) +.03u(s11) etc 22 Utilities for Action Sequences Action Sequences re not sufficient s2 u(s4) u(s5) u(s6) s3 s etc. s12 s13 u(s21) Looks lot like gme tree, ut with chnce nodes insted of min nodes. (We verge insted of minimizing) 23 s2 s3 s s s4 s5 s6 s7 s8 s9 s10 s11 s14 s15 s16 s17 Suppose we do first; we could rech s2 or s3: At s2, ssume: EU() =.5u(s4) +.5u(s5) > EU() =.6u(s6) +.4u(s7) At s3: EU() =.2u(s8) +.8u(s9) < EU() =.7u(s10) +.3u(s11) After doing first, we wnt to do next if we rech s2, ut we wnt to do second if we rech s3 s s18 s19 s20 s21 24

7 Policies This suggests tht when deling with uncertinty we wnt to consider policies, not just sequences of ctions (plns) We hve eight policies for this decision tree: [; if s2, if s3 ] [; if s12, if s13 ] [; if s2, if s3 ] [; if s12, if s13 ] [; if s2, if s3 ] [; if s12, if s13 ] [; if s2, if s3 ] [; if s12, if s13 ] Contrst this with four plns [; ], [; ], [; ], [; ] note: ech pln corresponds to policy, so we cn only gin y llowing decision mker to use policies Evluting Policies Numer of plns (sequences) of length k exponentil in k: A k if A is our ction set Numer of policies is even lrger if we hve n= A ctions nd m= O outcomes per ction, then we hve (nm)k policies Fortuntely, dynmic progrmming cn e used e.g., suppose EU() > EU() t s2 never consider policy tht does nything else t s2 How to do this? ck vlues up the tree much like minimx serch Decision Trees Squres denote choice nodes these denote ction choices y decision mker (decision nodes) Circles denote chnce nodes these denote uncertinty regrding ction effects Nture will choose the child with specified proility Terminl nodes leled with utilities denote utility of finl stte (or it could denote the utility of trjectory (rnch) to decision mker s1 Evluting Decision Trees Procedure is exctly like gme trees, except key difference: the opponent is nture who simply chooses outcomes t chnce nodes with specified proility: so we tke expecttions insted of minimizing Bck vlues up the tree U(t) is defined for ll terminls (prt of input) U(n) = exp {U(c) : c child of n} if n is chnce node U(n) = mx {U(c) : c child of n} if n is choice node At ny choice node (stte), the decision mker chooses ction tht leds to highest utility child 27 28

8 Evluting Decision Tree U(n3) =.9*5 +.1*2 s1 U(n4) =.8*3 +.2*4 U(s2) = mx{u(n3), U(n4)} n1 n2 decision or (whichever is mx).3.7 U(n1) =.3U(s2) +.7U(s3) s2 s3 U(s1) = mx{u(n1), U(n2)} decision: mx of, n3 n Decision Tree Policies Note tht we don t just compute vlues, ut policies for the tree A policy ssigns decision to ech choice node in tree Some policies cn t e distinguished in terms of their expected vlues e.g., if policy chooses t node s1, choice t s4 doesn t mtter ecuse it won t e reched Two policies re implementtionlly indistinguishle if they disgree only t unrechle decision nodes rechility is determined y policy themselves n3 s2 n1.3.7 n4 s3 s1 s4 n2 30 Key Assumption: Oservility Full oservility: we must know the initil stte nd outcome of ech ction specificlly, to implement the policy, we must e le to resolve the uncertinty of ny chnce node tht is followed y decision node e.g., fter doing t s1, we must know which of the outcomes (s2 or s3) ws relized so we know wht ction to do next (note: s2 nd s3 my prescrie different tions) Computtionl Issues Svings compred to explicit policy evlution is sustntil Evlute only O((nm)d ) nodes in tree of depth d totl computtionl cost is thus O((nm)d ) Note tht this is how mny policies there re ut evluting single policy explicitly requires sustntil computtion: O(nmd ) totl computtion for explicity evluting ech policy would e O(ndm2d )!!! Tremendous vlue to dynmic progrmming solution 31 32

9 Computtionl Issues Tree size: grows exponentilly with depth Possile solutions: ounded lookhed with heuristics (like gme trees) heuristic serch procedures (like A*) Other Issues Specifiction: suppose ech stte is n ssignment to vriles; then representing ction proility distriutions is complex (nd rnching fctor could e immense) Possile solutions: represent distriution using Byes nets solve prolems using decision networks (or influence digrms) Lrge Stte Spces (Vriles) Exmple Action using Dynmic BN (15.1 nd 15.5) To represent outcomes of ctions or decisions, we need to specify distriutions Pr(s d) : proility of outcome s given decision d Pr(s,s ): pro. of stte s given tht ction performed in stte s But stte spce exponentil in # of vriles spelling out distriutions explicitly is intrctle Byes nets cn e used to represent ctions this is just joint distriution over vriles, conditioned on ction/decision nd previous stte Deliver Coffee ction Mt Mt+1 Tt Tt+1 Lt Lt+1 Ct Ct+1 Rt Rt+1 M mil witing C Crig hs coffee T l tidy R root hs coffee L root locted in Crig s office T T(t+1) T(t+1) T F L R C C(t+1) C(t+1) T T T F T T T F T F F T T T F F T F T F F F F F f J (Tt,Tt+1) f R (Lt,Rt,Ct,Ct+1) 35 36

10 Dynmic BN Action Representtion Dynmic BN Action Representtion Dynmic Byesin networks (DBNs): wy to use BNs to represent specific ctions list ll stte vriles for time t (pre-ction) list ll stte vriles for time t+1 (post-ction) indicte prents of ll t+1 vriles these cn include time t nd time t+1 vriles network must e cyclic specify CPT for ech time t+1 vrile Note: generlly no prior given for time t vriles we re (generlly) interested in conditionl distriution over post-ction sttes given prection stte so time t vrs re instntited s evidence when using DBN (generlly) Exmple of Dependence within Slice Use of BN Action Reprsnt n Throw rock t window ction DBNs: ctions concisely,nturlly specified These look it like STRIPS nd the situttion clculus, ut llow for proilistic effects Alrmt Alrmt+1 P(lt+1 lt, rt) = 1 P(lt+1 lt, rt+1) = 0 P(lt+1 lt,rt+1) =.95 Brokent Brokent+1 P(rokent+1 rokent) = 1 P(rokent+1 rokent) =.6 Throwing rock hs certin proility of reking window nd setting off lrm; ut whether lrm is triggered depends on whether rock ctully roke the window

11 Use of BN Action Representtion How to use: use to generte expectimx serch tree to solve decision prolems use directly in stochstic decision mking lgorithms First use doesn t uy us much computtionlly when solving decision prolems. But second use llows us to compute expected utilities without enumerting the outcome spce (tree) We will see something like this with decision networks Decision Networks Decision networks (more commonly known s influence digrms) provide wy of representing sequentil decision prolems sic ide: represent the vriles in the prolem s you would in BN dd decision vriles vriles tht you control dd utility vriles how good different sttes re Smple Decision Network Decision Networks: Chnce Nodes Chills TstResult Chnce nodes rndom vriles, denoted y circles s in BN, proilistic dependence on prents Disese Fever BloodTst optionl U Drug Disese Pr(flu) =.3 Pr(ml) =.1 Pr(none) =.6 Pr(f flu) =.5 Pr(f ml) =.3 Pr(f none) =.05 Fever BloodTst TstResult Pr(pos flu,t) =.2 Pr(neg flu,t) =.8 Pr(null flu,t) = 0 Pr(pos ml,t) =.9 Pr(neg ml,t) =.1 Pr(null ml,t) = 0 Pr(pos no,t) =.1 Pr(neg no,t) =.9 Pr(null no,t) = 0 Pr(pos D, t) = 0 Pr(neg D, t) = 0 Pr(null D, t) =

12 Decision Networks: Decision Nodes Decision Networks: Vlue Node Decision nodes vriles decision mker sets, denoted y squres prents reflect informtion ville t time decision is to e mde In exmple decision node: the ctul vlues of Ch nd Fev will e oserved efore the decision to tke test must e mde gent cn mke different decisions for ech instntition of prents Chills Fever BloodTst BT {t, t} 45 Vlue node specifies utility of stte, denoted y dimond utility depends only on stte of prents of vlue node generlly: only one vlue node in decision network Utility depends only on disese nd drug Disese BloodTst optionl U Drug U(fludrug, flu) = 20 U(fludrug, ml) = -300 U(fludrug, none) = -5 U(mldrug, flu) = -30 U(mldrug, ml) = 10 U(mldrug, none) = -20 U(no drug, flu) = -10 U(no drug, ml) = -285 U(no drug, none) = Decision Networks: Assumptions Decision nodes re totlly ordered decision vriles D 1, D 2,, D n decisions re mde in sequence e.g., BloodTst (yes,no) decided efore Drug (fd,md,no) Decision Networks: Assumptions No-forgetting property ny informtion ville when decision D i is mde is ville when decision D j is mde (for i < j) thus ll prents of D i re prents of D j Network does not show these implicit prents, ut the links re present, nd must e considered when specifying the network prmeters, nd when computing. Chills Fever BloodTst Drug Dshed rcs ensure the no-forgetting property 47 48

13 Policies Let Pr(D i ) e the prents of decision node D i Dom(Pr(D i )) is the set of ssignments to prents A policy δ is set of mppings δ i, one for ech decision node D i δ i :Dom(Pr(D i )) Dom(D i ) δ i ssocites decision with ech prent sst for D i For exmple, policy for BT might e: δ BT (c,f) = t δ BT (c, f) = t Chills BloodTst δ BT ( c,f) = t δ BT ( c, f) = t Fever Vlue of Policy Vlue of policy δ is the expected utility given tht decision nodes re executed ccording to δ Given sst x to the set X of ll chnce vriles, let δ(x) denote the sst to decision vriles dictted y δ e.g., sst to D 1 determined y it s prents sst in x e.g., sst to D 2 determined y it s prents sst in x long with whtever ws ssigned to D 1 etc. Vlue of δ : EU(δ) = Σ X P(X, δ(x)) U(X, δ(x)) Optiml Policies An optiml policy is policy δ* such tht EU(δ*) EU(δ) for ll policies δ We cn use the dynmic progrmming principle to void enumerting ll policies We cn lso use the structure of the decision network to use vrile elimintion to id in the computtion Computing the Best Policy We cn work ckwrds s follows First compute optiml policy for Drug (lst decision) for ech sst to prents (C,F,BT,TR) nd for ech decision vlue (D = md,fd,none), compute the expected vlue of choosing tht vlue of D set policy choice for ech vlue of prents to e the vlue of D tht TstResult hs mx vlue Chills BloodTst eg: δ D (c,f,t,pos) = md Disese Fever optionl U Drug 51 52

14 Computing the Best Policy Next compute policy for BT given policy δ D (C,F,BT,TR) just determined for Drug since δ D (C,F,BT,TR) is fixed, we cn tret Drug s norml rndom vrile with deterministic proilities i.e., for ny instntition of prents, vlue of Drug is fixed y policy δ D this mens we cn solve for optiml policy for BT just s efore only uninstntited vrs re rndom vrs (once we fix its prents) Computing the Best Policy How do we compute these expected vlues? suppose we hve sst <c,f,t,pos> to prents of Drug we wnt to compute EU of deciding to set Drug = md we cn run vrile elimintion! Tret C,F,BT,TR,Dr s evidence this reduces fctors (e.g., U restricted to t,md: depends on Dis) eliminte remining vriles (e.g., only Disese left) left with fctor:u() = Σ Dis P(Dis c,f,t,pos,md)u(dis) Disese Chills Fever BloodTst TstResult optionl U Drug Computing the Best Policy Computing Expected Utilities We now know EU of doing Dr=md when c,f,t,pos true Cn do sme for fd,no to decide which is est Disese Chills Fever BloodTst TstResult optionl U Drug The preceding illustrtes generl phenomenon computing expected utilities with BNs is quite esy utility nodes re just fctors tht cn e delt with using vrile elimintion EU = Σ A,B,C P(A,B,C) U(B,C) = Σ A,B,C P(C B) P(B A) P(A) U(B,C) Just eliminte vriles in the usul wy A C B U 55 56

15 Optimizing Policies: Key Points Optimizing Policies: Key Points If decision node D hs no decisions tht follow it, we cn find its policy y instntiting ech of its prents nd computing the expected utility of ech decision for ech prent instntition no-forgetting mens tht ll other decisions re instntited (they must e prents) its esy to compute the expected utility using VE the numer of computtions is quite lrge: we run expected utility clcultions (VE) for ech prent instntition together with ech possile decision D might llow policy: choose mx decision for ech prent instntition Optimizing Policies: Key Points Decision Network Notes When decision D node is optimized, it cn e treted s rndom vrile for ech instntition of its prents we now know wht vlue the decision should tke just tret policy s new CPT: for given prent instntition x, D gets δ(x) with proility 1(ll other decisions get proility zero) If we optimize from lst decision to first, t ech point we cn optimize specific decision y ( unch of) simple VE clcultions it s successor decisions (optimized) re just norml nodes in the BNs (with CPTs) Decision networks commonly used y decision nlysts to help structure decision prolems Much work put into computtionlly effective techniques to solve these Complexity much greter thn BN inference we need to solve numer of BN inference prolems one BN prolem for ech setting of decision node prents nd decision node vlue 59 60

16 Rel Estte Investment DBN-Decision Nets for Plnning Actt-2 Actt-1 Actt Mt-2 Mt-1 Mt Mt+1 Tt-2 Tt-1 Tt Tt+1 Lt-2 Lt-1 Lt Lt+1 U Ct-2 Ct-1 Ct Ct+1 Rt-2 Rt-1 Rt Rt A Detiled Decision Net Exmple A Detiled Decision Net Exmple Setting: you wnt to uy used cr, ut there s good chnce it is lemon (i.e., prone to rekdown). Before deciding to uy it, you cn tke it to mechnic for inspection. They will give you report on the cr, leling it either good or d. A good report is positively correlted with the cr eing sound, while d report is positively correlted with the cr eing lemon. However the report costs $50. So you could risk it, nd uy the cr without the report. Owning sound cr is etter thn hving no cr, which is etter thn owning lemon

17 Cr Buyer s Network l l Lemon Inspect Report U Rep: good,d,none g n l i l i l i l i Buy Utility l -600 l 1000 l -300 l if inspect Evlute Lst Decision: Buy (1) EU(B I,R) = Σ L P(L I,R,B)U(L,B) The proility of the remining vriles in the Utility function, times the utility function. Note P(L I,R,B) = P(L I,R), s B is decision vrile tht does not influence L. I = i, R = g: P(L i,g): use vrile elimintion. Query vrile L is only remining vrile, so we only need to normlize (no summtions). P(L,i,g) = P(L)P(g L,i) HENCE: P(L i,g) = normlized [P(l)P(g l,i),p( l)p(g l,i) = [0.5*.2, 0.5*0.9] = [.18,.82] EU(uy) = P(l i,g)u(uy,l) + P( l)p( l i,g) U(uy, l)-50 =.18* * = 662 EU( uy) = P(l i, g) U( uy,l) + P( l i, g) U( uy, l) 50 =.18* * = -350 So optiml δ Buy (i,g) = uy Evlute Lst Decision: Buy (2) Evlute Lst Decision: Buy (3) I = i, R = : P(L,i,) = P(L)P( L,i) P(L i,) = normlized [P(l)P( l,i),p( l)p( l,i) = [0.5*.8, 0.5*0.1] = [.89,.11] EU(uy) = P(l i, ) U(l,uy) + P( l i, ) U( l,uy) - 50 =.89* * = -474 EU( uy) = P(l i, ) U(l, uy) + P( l i, ) U( l, uy) 50 =.89* * = -350 So optiml δ Buy (i,) = uy I = i, R = n P(L, i,n) = P(L)P(n L, i) P(L i,n) = normlized [P(l)P(n l, i),p( l)p(n l, i) = [0.5*1, 0.5*1] = [.5,.5] EU(uy) = P(l i,n) U(l,uy) + P( l i,n) U( l,uy) =.5* *1000 = 200 (no inspection cost) EU( uy) = P(l i, n) U(l, uy) + P( l i, n) U( l, uy) =.5* *-300 = -300 So optiml δ Buy ( i,n) = uy Overll optiml policy for Buy is: δ Buy (i,g) = uy ; δ Buy (i,) = uy ; δ Buy ( i,n) = uy Note: we don t other computing policy for (i, n), ( i, g), or ( i, ), since these occur with proility

18 Evlute First Decision: Inspect Vlue of Informtion EU(I) = Σ L,R P(L,R I) U(L, δ Buy (I,R)) where P(R,L I) = P(R L,I)P(L I) g,l,l g, l, l P(R,L i) 0.2*.5 =.1 0.8*.5 =.4 0.9*.5 = *.5 =.05 δ Buy uy uy uy uy U( L, δ Buy ) = = = = -350 EU(i) =.1* * * * = = EU( i) = P(l i, n) U(l,uy) + P( l i, n) U( l,uy) =.5* *1000 = 200 So optiml δ Inspect ( i) = uy So optiml policy is: don t inspect, uy the cr EU = 200 Notice tht the EU of inspecting the cr, then uying it iff you get good report, is less the cost of the inspection (50). So inspection not worth the improvement in EU. But suppose inspection cost $25: then it would e worth it (EU = = > EU( i)) The expected vlue of informtion ssocited with inspection is 37.5 (it improves expected utility y this mount ignoring cost of inspection). How? Gives opportunity to chnge decision ( uy if d). You should e willing to py up to $37.5 for the report 69 70

Decision Networks (Influence Diagrams) CS 486/686: Introduction to Artificial Intelligence

Decision Networks (Influence Diagrams) CS 486/686: Introduction to Artificial Intelligence Decision Networks (Influence Diagrams) CS 486/686: Introduction to Artificial Intelligence 1 Outline Decision Networks Computing Policies Value of Information 2 Introduction Decision networks (aka influence

More information

Outline. Lecture 11. Decision Networks. Sample Decision Network. Decision Networks: Chance Nodes

Outline. Lecture 11. Decision Networks. Sample Decision Network. Decision Networks: Chance Nodes Outline Lecture 11 June 7, 2005 CS 486/686 Decision Networks AkaInfluence diagrams Value of information Russell and Norvig: Sect 16.5-16.6 2 Decision Networks Decision networks (also known as influence

More information

What is Monte Carlo Simulation? Monte Carlo Simulation

What is Monte Carlo Simulation? Monte Carlo Simulation Wht is Monte Crlo Simultion? Monte Crlo methods re widely used clss of computtionl lgorithms for simulting the ehvior of vrious physicl nd mthemticl systems, nd for other computtions. Monte Crlo lgorithm

More information

INF 4130 Exercise set 4

INF 4130 Exercise set 4 INF 4130 Exercise set 4 Exercise 1 List the order in which we extrct the nodes from the Live Set queue when we do redth first serch of the following grph (tree) with the Live Set implemented s LIFO queue.

More information

Introduction to Decision Making. CS 486/686: Introduction to Artificial Intelligence

Introduction to Decision Making. CS 486/686: Introduction to Artificial Intelligence Introduction to Decision Making CS 486/686: Introduction to Artificial Intelligence 1 Outline Utility Theory Decision Trees 2 Decision Making Under Uncertainty I give a robot a planning problem: I want

More information

Cache CPI and DFAs and NFAs. CS230 Tutorial 10

Cache CPI and DFAs and NFAs. CS230 Tutorial 10 Cche CPI nd DFAs nd NFAs CS230 Tutoril 10 Multi-Level Cche: Clculting CPI When memory ccess is ttempted, wht re the possible results? ccess miss miss CPU L1 Cche L2 Cche Memory L1 cche hit L2 cche hit

More information

A ppendix to. I soquants. Producing at Least Cost. Chapter

A ppendix to. I soquants. Producing at Least Cost. Chapter A ppendix to Chpter 0 Producing t est Cost This ppendix descries set of useful tools for studying firm s long-run production nd costs. The tools re isoqunts nd isocost lines. I soqunts FIGURE A0. SHOWS

More information

Controlling a population of identical MDP

Controlling a population of identical MDP Controlling popultion of identicl MDP Nthlie Bertrnd Inri Rennes ongoing work with Miheer Dewskr (CMI), Blise Genest (IRISA) nd Hugo Gimert (LBRI) Trends nd Chllenges in Quntittive Verifiction Mysore,

More information

3: Inventory management

3: Inventory management INSE6300 Ji Yun Yu 3: Inventory mngement Concordi Februry 9, 2016 Supply chin mngement is bout mking sequence of decisions over sequence of time steps, fter mking observtions t ech of these time steps.

More information

Gridworld Values V* Gridworld: Q*

Gridworld Values V* Gridworld: Q* CS 188: Artificil Intelligence Mrkov Deciion Procee II Intructor: Dn Klein nd Pieter Abbeel --- Univerity of Cliforni, Berkeley [Thee lide were creted by Dn Klein nd Pieter Abbeel for CS188 Intro to AI

More information

3/1/2016. Intermediate Microeconomics W3211. Lecture 7: The Endowment Economy. Today s Aims. The Story So Far. An Endowment Economy.

3/1/2016. Intermediate Microeconomics W3211. Lecture 7: The Endowment Economy. Today s Aims. The Story So Far. An Endowment Economy. 1 Intermedite Microeconomics W3211 Lecture 7: The Endowment Economy Introduction Columbi University, Spring 2016 Mrk Den: mrk.den@columbi.edu 2 The Story So Fr. 3 Tody s Aims 4 Remember: the course hd

More information

CH 71 COMPLETING THE SQUARE INTRODUCTION FACTORING PERFECT SQUARE TRINOMIALS

CH 71 COMPLETING THE SQUARE INTRODUCTION FACTORING PERFECT SQUARE TRINOMIALS CH 7 COMPLETING THE SQUARE INTRODUCTION I t s now time to py our dues regrding the Qudrtic Formul. Wht, you my sk, does this men? It mens tht the formul ws merely given to you once or twice in this course,

More information

Outline. CSE 326: Data Structures. Priority Queues Leftist Heaps & Skew Heaps. Announcements. New Heap Operation: Merge

Outline. CSE 326: Data Structures. Priority Queues Leftist Heaps & Skew Heaps. Announcements. New Heap Operation: Merge CSE 26: Dt Structures Priority Queues Leftist Heps & Skew Heps Outline Announcements Leftist Heps & Skew Heps Reding: Weiss, Ch. 6 Hl Perkins Spring 2 Lectures 6 & 4//2 4//2 2 Announcements Written HW

More information

Chapter 3: The Reinforcement Learning Problem. The Agent'Environment Interface. Getting the Degree of Abstraction Right. The Agent Learns a Policy

Chapter 3: The Reinforcement Learning Problem. The Agent'Environment Interface. Getting the Degree of Abstraction Right. The Agent Learns a Policy Chpter 3: The Reinforcement Lerning Problem The Agent'Environment Interfce Objectives of this chpter: describe the RL problem we will be studying for the reminder of the course present idelized form of

More information

Reinforcement Learning. CS 188: Artificial Intelligence Fall Grid World. Markov Decision Processes. What is Markov about MDPs?

Reinforcement Learning. CS 188: Artificial Intelligence Fall Grid World. Markov Decision Processes. What is Markov about MDPs? CS 188: Artificil Intelligence Fll 2010 Lecture 9: MDP 9/2/2010 Reinforcement Lerning [DEMOS] Bic ide: Receive feedbck in the form of rewrd Agent utility i defined by the rewrd function Mut (lern to) ct

More information

A Fuzzy Inventory Model With Lot Size Dependent Carrying / Holding Cost

A Fuzzy Inventory Model With Lot Size Dependent Carrying / Holding Cost IOSR Journl of Mthemtics (IOSR-JM e-issn: 78-578,p-ISSN: 9-765X, Volume 7, Issue 6 (Sep. - Oct. 0, PP 06-0 www.iosrournls.org A Fuzzy Inventory Model With Lot Size Dependent Crrying / olding Cost P. Prvthi,

More information

Earning Money. Earning Money. Curriculum Ready ACMNA: 189.

Earning Money. Earning Money. Curriculum Ready ACMNA: 189. Erning Money Curriculum Redy ACMNA: 189 www.mthletics.com Erning EARNING Money MONEY Different jos py different mounts of moneys in different wys. A slry isn t pid once in yer. It is pid in equl prts

More information

(a) by substituting u = x + 10 and applying the result on page 869 on the text, (b) integrating by parts with u = ln(x + 10), dv = dx, v = x, and

(a) by substituting u = x + 10 and applying the result on page 869 on the text, (b) integrating by parts with u = ln(x + 10), dv = dx, v = x, and Supplementry Questions for HP Chpter 5. Derive the formul ln( + 0) d = ( + 0) ln( + 0) + C in three wys: () by substituting u = + 0 nd pplying the result on pge 869 on the tet, (b) integrting by prts with

More information

Addition and Subtraction

Addition and Subtraction Addition nd Subtrction Nme: Dte: Definition: rtionl expression A rtionl expression is n lgebric expression in frction form, with polynomils in the numertor nd denomintor such tht t lest one vrible ppers

More information

Outline. CS 188: Artificial Intelligence Spring Speeding Up Game Tree Search. Minimax Example. Alpha-Beta Pruning. Pruning

Outline. CS 188: Artificial Intelligence Spring Speeding Up Game Tree Search. Minimax Example. Alpha-Beta Pruning. Pruning CS 188: Artificil Intelligence Spring 2011 Lecture 8: Gme, MDP 2/14/2010 Pieter Abbeel UC Berkeley Mny lide dpted from Dn Klein Outline Zero-um determinitic two plyer gme Minimx Evlution function for non-terminl

More information

Roadmap of This Lecture

Roadmap of This Lecture Reltionl Model Rodmp of This Lecture Structure of Reltionl Dtbses Fundmentl Reltionl-Algebr-Opertions Additionl Reltionl-Algebr-Opertions Extended Reltionl-Algebr-Opertions Null Vlues Modifiction of the

More information

UNIT 7 SINGLE SAMPLING PLANS

UNIT 7 SINGLE SAMPLING PLANS UNIT 7 SINGLE SAMPLING PLANS Structure 7. Introduction Objectives 7. Single Smpling Pln 7.3 Operting Chrcteristics (OC) Curve 7.4 Producer s Risk nd Consumer s Risk 7.5 Averge Outgoing Qulity (AOQ) 7.6

More information

9.3. Regular Languages

9.3. Regular Languages 9.3. REGULAR LANGUAGES 139 9.3. Regulr Lnguges 9.3.1. Properties of Regulr Lnguges. Recll tht regulr lnguge is the lnguge ssocited to regulr grmmr, i.e., grmmr G = (N, T, P, σ) in which every production

More information

A Closer Look at Bond Risk: Duration

A Closer Look at Bond Risk: Duration W E B E X T E S I O 4C A Closer Look t Bond Risk: Durtion This Extension explins how to mnge the risk of bond portfolio using the concept of durtion. BOD RISK In our discussion of bond vlution in Chpter

More information

Measuring Search Trees

Measuring Search Trees Mesuring Serch Trees Christin Bessiere 1, Bruno Znuttini 2, nd Cèsr Fernández 3 1 LIRMM-CNRS, Montpellier, Frnce 2 GREYC, Cen, Frnce 3 Univ. de Lleid, Lleid, Spin Astrct. The SAT nd CSP communities mke

More information

Buckling of Stiffened Panels 1 overall buckling vs plate buckling PCCB Panel Collapse Combined Buckling

Buckling of Stiffened Panels 1 overall buckling vs plate buckling PCCB Panel Collapse Combined Buckling Buckling of Stiffened Pnels overll uckling vs plte uckling PCCB Pnel Collpse Comined Buckling Vrious estimtes hve een developed to determine the minimum size stiffener to insure the plte uckles while the

More information

Non-Deterministic Search. CS 188: Artificial Intelligence Markov Decision Processes. Grid World Actions. Example: Grid World

Non-Deterministic Search. CS 188: Artificial Intelligence Markov Decision Processes. Grid World Actions. Example: Grid World CS 188: Artificil Intelligence Mrkov Deciion Procee Non-Determinitic Serch Dn Klein, Pieter Abbeel Univerity of Cliforni, Berkeley Exmple: Grid World Grid World Action A mze-like problem The gent live

More information

Today s Outline. One More Operation. Priority Queues. New Operation: Merge. Leftist Heaps. Priority Queues. Admin: Priority Queues

Today s Outline. One More Operation. Priority Queues. New Operation: Merge. Leftist Heaps. Priority Queues. Admin: Priority Queues Tody s Outline Priority Queues CSE Dt Structures & Algorithms Ruth Anderson Spring 4// Admin: HW # due this Thursdy / t :9pm Printouts due Fridy in lecture. Priority Queues Leftist Heps Skew Heps 4// One

More information

Chapter 2: Relational Model. Chapter 2: Relational Model

Chapter 2: Relational Model. Chapter 2: Relational Model Chpter : Reltionl Model Dtbse System Concepts, 5 th Ed. See www.db-book.com for conditions on re-use Chpter : Reltionl Model Structure of Reltionl Dtbses Fundmentl Reltionl-Algebr-Opertions Additionl Reltionl-Algebr-Opertions

More information

ECON 105 Homework 2 KEY Open Economy Macroeconomics Due November 29

ECON 105 Homework 2 KEY Open Economy Macroeconomics Due November 29 Instructions: ECON 105 Homework 2 KEY Open Economy Mcroeconomics Due Novemer 29 The purpose of this ssignment it to integrte the explntions found in chpter 16 ok Kennedy with the D-S model nd the Money

More information

Technical Appendix. The Behavior of Growth Mixture Models Under Nonnormality: A Monte Carlo Analysis

Technical Appendix. The Behavior of Growth Mixture Models Under Nonnormality: A Monte Carlo Analysis Monte Crlo Technicl Appendix 1 Technicl Appendix The Behvior of Growth Mixture Models Under Nonnormlity: A Monte Crlo Anlysis Dniel J. Buer & Ptrick J. Currn 10/11/2002 These results re presented s compnion

More information

THE FINAL PROOF SUPPORTING THE TURNOVER FORMULA.

THE FINAL PROOF SUPPORTING THE TURNOVER FORMULA. THE FINAL PROOF SUPPORTING THE TURNOVER FORMULA. I would like to thnk Aris for his mthemticl contriutions nd his swet which hs enled deeper understnding of the turnover formul to emerge. His contriution

More information

Problem Set 2 Suggested Solutions

Problem Set 2 Suggested Solutions 4.472 Prolem Set 2 Suggested Solutions Reecc Zrutskie Question : First find the chnge in the cpitl stock, k, tht will occur when the OLG economy moves to the new stedy stte fter the government imposes

More information

DYNAMIC PROGRAMMING REINFORCEMENT LEARNING. COGS 202 : Week 7 Presentation

DYNAMIC PROGRAMMING REINFORCEMENT LEARNING. COGS 202 : Week 7 Presentation DYNAMIC PROGRAMMING REINFORCEMENT LEARNING COGS 202 : Week 7 Preenttion OUTLINE Recp (Stte Vlue nd Action Vlue function) Computtion in MDP Dynmic Progrmming (DP) Policy Evlution Policy Improvement Policy

More information

Maximum Expected Utility. CS 188: Artificial Intelligence Fall Preferences. MEU Principle. Rational Preferences. Utilities: Uncertain Outcomes

Maximum Expected Utility. CS 188: Artificial Intelligence Fall Preferences. MEU Principle. Rational Preferences. Utilities: Uncertain Outcomes CS 188: Artificil Intelligence Fll 2011 Mximum Expected Utility Why hould we verge utilitie? Why not minimx? Lecture 8: Utilitie / MDP 9/20/2011 Dn Klein UC Berkeley Principle of mximum expected utility:

More information

MARKET POWER AND MISREPRESENTATION

MARKET POWER AND MISREPRESENTATION MARKET POWER AND MISREPRESENTATION MICROECONOMICS Principles nd Anlysis Frnk Cowell Note: the detil in slides mrked * cn only e seen if you run the slideshow July 2017 1 Introduction Presenttion concerns

More information

CS 188 Introduction to Artificial Intelligence Fall 2018 Note 4

CS 188 Introduction to Artificial Intelligence Fall 2018 Note 4 CS 188 Introduction to Artificil Intelligence Fll 2018 Note 4 These lecture notes re hevily bsed on notes originlly written by Nikhil Shrm. Non-Deterministic Serch Picture runner, coming to the end of

More information

Static Fully Observable Stochastic What action next? Instantaneous Perfect

Static Fully Observable Stochastic What action next?  Instantaneous Perfect CS 188: Ar)ficil Intelligence Mrkov Deciion Procee K+1 Intructor: Dn Klein nd Pieter Abbeel - - - Univerity of Cliforni, Berkeley [Thee lide were creted by Dn Klein nd Pieter Abbeel for CS188 Intro to

More information

Arithmetic and Geometric Sequences

Arithmetic and Geometric Sequences Arithmetic nd Geometric Sequences A sequence is list of numbers or objects, clled terms, in certin order. In n rithmetic sequence, the difference between one term nd the next is lwys the sme. This difference

More information

4/30/2012. Overview. MDPs. Planning Agent. Grid World. Review: Expectimax. Introduction & Agents Search, Heuristics & CSPs Adversarial Search

4/30/2012. Overview. MDPs. Planning Agent. Grid World. Review: Expectimax. Introduction & Agents Search, Heuristics & CSPs Adversarial Search Overview CSE 473 Mrkov Deciion Procee Dn Weld Mny lide from Chri Bihop, Mum, Dn Klein, Sturt Ruell, Andrew Moore & Luke Zettlemoyer Introduction & Agent Serch, Heuritic & CSP Adverril Serch Logicl Knowledge

More information

Announcements. CS 188: Artificial Intelligence Fall Recap: MDPs. Recap: Optimal Utilities. Practice: Computing Actions. Recap: Bellman Equations

Announcements. CS 188: Artificial Intelligence Fall Recap: MDPs. Recap: Optimal Utilities. Practice: Computing Actions. Recap: Bellman Equations CS 188: Artificil Intelligence Fll 2009 Lecture 10: MDP 9/29/2009 Announcement P2: Due Wednedy P3: MDP nd Reinforcement Lerning i up! W2: Out lte thi week Dn Klein UC Berkeley Mny lide over the coure dpted

More information

checks are tax current income.

checks are tax current income. Humn Short Term Disbility Pln Wht is Disbility Insurnce? An esy explntion is; Disbility Insurnce is protection for your pycheck. Imgine if you were suddenly disbled, unble to work, due to n ccident or

More information

Recap: MDPs. CS 188: Artificial Intelligence Fall Optimal Utilities. The Bellman Equations. Value Estimates. Practice: Computing Actions

Recap: MDPs. CS 188: Artificial Intelligence Fall Optimal Utilities. The Bellman Equations. Value Estimates. Practice: Computing Actions CS 188: Artificil Intelligence Fll 2008 Lecture 10: MDP 9/30/2008 Dn Klein UC Berkeley Recp: MDP Mrkov deciion procee: Stte S Action A Trnition P(,) (or T(,, )) Rewrd R(,, ) (nd dicount γ) Strt tte 0 Quntitie:

More information

JFE Online Appendix: The QUAD Method

JFE Online Appendix: The QUAD Method JFE Online Appendix: The QUAD Method Prt of the QUAD technique is the use of qudrture for numericl solution of option pricing problems. Andricopoulos et l. (00, 007 use qudrture s the only computtionl

More information

The Market Approach to Valuing Businesses (Second Edition)

The Market Approach to Valuing Businesses (Second Edition) BV: Cse Anlysis Completed Trnsction & Guideline Public Comprble MARKET APPROACH The Mrket Approch to Vluing Businesses (Second Edition) Shnnon P. Prtt This mteril is reproduced from The Mrket Approch to

More information

Name Date. Find the LCM of the numbers using the two methods shown above.

Name Date. Find the LCM of the numbers using the two methods shown above. Lest Common Multiple Multiples tht re shred by two or more numbers re clled common multiples. The lest of the common multiples is clled the lest common multiple (LCM). There re severl different wys to

More information

International Monopoly under Uncertainty

International Monopoly under Uncertainty Interntionl Monopoly under Uncertinty Henry Ary University of Grnd Astrct A domestic monopolistic firm hs the option to service foreign mrket through export or y setting up plnt in the host country under

More information

Fully Observable. Perfect

Fully Observable. Perfect CS 188: Ar)ficil Intelligence Mrkov Deciion Procee II Stoch)c Plnning: MDP Sttic Environment Fully Obervble Perfect Wht ction next? Stochtic Intntneou Intructor: Dn Klein nd Pieter Abbeel - - - Univerity

More information

Announcements. CS 188: Artificial Intelligence Fall Reinforcement Learning. Markov Decision Processes. Example Optimal Policies.

Announcements. CS 188: Artificial Intelligence Fall Reinforcement Learning. Markov Decision Processes. Example Optimal Policies. CS 188: Artificil Intelligence Fll 2008 Lecture 9: MDP 9/25/2008 Announcement Homework olution / review eion: Mondy 9/29, 7-9pm in 2050 Vlley LSB Tuedy 9/0, 6-8pm in 10 Evn Check web for detil Cover W1-2,

More information

164 CHAPTER 2. VECTOR FUNCTIONS

164 CHAPTER 2. VECTOR FUNCTIONS 164 CHAPTER. VECTOR FUNCTIONS.4 Curvture.4.1 Definitions nd Exmples The notion of curvture mesures how shrply curve bends. We would expect the curvture to be 0 for stright line, to be very smll for curves

More information

UNIVERSITY OF NOTTINGHAM. Discussion Papers in Economics BERTRAND VS. COURNOT COMPETITION IN ASYMMETRIC DUOPOLY: THE ROLE OF LICENSING

UNIVERSITY OF NOTTINGHAM. Discussion Papers in Economics BERTRAND VS. COURNOT COMPETITION IN ASYMMETRIC DUOPOLY: THE ROLE OF LICENSING UNIVERSITY OF NOTTINGHAM Discussion Ppers in Economics Discussion Pper No. 0/0 BERTRAND VS. COURNOT COMPETITION IN ASYMMETRIC DUOPOLY: THE ROLE OF LICENSING by Arijit Mukherjee April 00 DP 0/0 ISSN 160-48

More information

Trigonometry - Activity 21 General Triangle Solution: Given three sides.

Trigonometry - Activity 21 General Triangle Solution: Given three sides. Nme: lss: p 43 Mths Helper Plus Resoure Set. opyright 003 rue. Vughn, Tehers hoie Softwre Trigonometry - tivity 1 Generl Tringle Solution: Given three sides. When the three side lengths '', '' nd '' of

More information

1 Manipulation for binary voters

1 Manipulation for binary voters STAT 206A: Soil Choie nd Networks Fll 2010 Mnipultion nd GS Theorem Otoer 21 Leturer: Elhnn Mossel Srie: Kristen Woyh In this leture we over mnipultion y single voter: whether single voter n lie out his

More information

Economics Department Fall 2013 Student Learning Outcomes (SLOs) Assessment Economics 4 (Principles of Microeconomics)

Economics Department Fall 2013 Student Learning Outcomes (SLOs) Assessment Economics 4 (Principles of Microeconomics) Jnury 2014 Economics Deprtment Fll 2013 Stuent Lerning Outcomes (SLOs) Assessment Economics 4 (Principles of Microeconomics) Lerning Outcome Sttement: In the Fll 2013 semester the Economics Deprtment engge

More information

Multi-Step Reinforcement Learning: A Unifying Algorithm

Multi-Step Reinforcement Learning: A Unifying Algorithm Multi-Step Reinforcement Lerning: A Unifying Algorithm Kristopher De Asis, 1 J. Fernndo Hernndez-Grci, 1 G. Zchris Hollnd, 1 Richrd S. Sutton Reinforcement Lerning nd Artificil Intelligence Lbortory, University

More information

Ricardian Model. Mercantilism: 17 th and 18 th Century. Adam Smith s Absolute Income Hypothesis, End of 18 th Century: Major Shift in Paradigm

Ricardian Model. Mercantilism: 17 th and 18 th Century. Adam Smith s Absolute Income Hypothesis, End of 18 th Century: Major Shift in Paradigm Mercntilism: th nd th Century Ricrdin Model lesson in Comprtive dvntge Trde ws considered s Zero-Sum Gme It ws viewed mens to ccumulte Gold & Silver Exports were encourged Imports were discourged End of

More information

3. Argumentation Frameworks

3. Argumentation Frameworks 3. Argumenttion Frmeworks Argumenttion current hot topic in AI. Historiclly more recent thn other pproches discussed here. Bsic ide: to construct cceptble set(s) of beliefs from given KB: 1 construct rguments

More information

The Okun curve is non-linear

The Okun curve is non-linear Economics Letters 70 (00) 53 57 www.elsevier.com/ locte/ econbse The Okun curve is non-liner Mtti Viren * Deprtment of Economics, 004 University of Turku, Turku, Finlnd Received 5 My 999; ccepted 0 April

More information

Effects of Entry Restriction on Free Entry General Competitive Equilibrium. Mitsuo Takase

Effects of Entry Restriction on Free Entry General Competitive Equilibrium. Mitsuo Takase CAES Working Pper Series Effects of Entry Restriction on Free Entry Generl Competitive Euilirium Mitsuo Tkse Fculty of Economics Fukuok University WP-2018-006 Center for Advnced Economic Study Fukuok University

More information

JOURNAL THE ERGODIC TM CANDLESTICK OSCILLATOR ROBERT KRAUSZ'S. Volume 1, Issue 7

JOURNAL THE ERGODIC TM CANDLESTICK OSCILLATOR ROBERT KRAUSZ'S. Volume 1, Issue 7 ROBERT KRUSZ'S JOURNL Volume 1, Issue 7 THE ERGODIC TM CNDLESTICK OSCILLTOR S ometimes we re lucky (due to our diligence) nd we find tool tht is useful nd does the jo etter thn previous tools, or nswers

More information

Chapter55. Algebraic expansion and simplification

Chapter55. Algebraic expansion and simplification Chpter55 Algebric expnsion nd simplifiction Contents: A The distributive lw B The product ( + b)(c + d) C Difference of two squres D Perfect squres expnsion E Further expnsion F The binomil expnsion 88

More information

Option exercise with temptation

Option exercise with temptation Economic Theory 2008) 34: 473 501 DOI 10.1007/s00199-006-0194-3 RESEARCH ARTICLE Jinjun Mio Option exercise with tempttion Received: 25 Jnury 2006 / Revised: 5 December 2006 / Published online: 10 Jnury

More information

Smart Investment Strategies

Smart Investment Strategies Smrt Investment Strtegies Risk-Rewrd Rewrd Strtegy Quntifying Greed How to mke good Portfolio? Entrnce-Exit Exit Strtegy: When to buy? When to sell? 2 Risk vs.. Rewrd Strtegy here is certin mount of risk

More information

The IndoDairy Smallholder Household Survey From Farm-to-Fact

The IndoDairy Smallholder Household Survey From Farm-to-Fact The Centre for Glol Food nd Resources The IndoDiry Smllholder Household Survey From Frm-to-Fct Fctsheet 7: Diry Frming Costs, Revenue nd Profitility Bckground This fctsheet uilds on the informtion summrised

More information

UNinhabited aerial vehicles (UAVs) are becoming increasingly

UNinhabited aerial vehicles (UAVs) are becoming increasingly A Process Algebr Genetic Algorithm Sertc Krmn Tl Shim Emilio Frzzoli Abstrct A genetic lgorithm tht utilizes process lgebr for coding of solution chromosomes nd for defining evolutionry bsed opertors is

More information

Choice of strategic variables under relative profit maximization in asymmetric oligopoly

Choice of strategic variables under relative profit maximization in asymmetric oligopoly Economics nd Business Letters () 5-6 04 Choice of strtegic vriles under reltive profit mximiztion in symmetric oligopoly Atsuhiro Stoh Ysuhito Tnk * Fculty of Economics Doshish University Kyoto Jpn Received:

More information

E-Merge Process Table (Version 1)

E-Merge Process Table (Version 1) E-Merge Proess Tle (Version 1) I 1 Indiies Trgets Stte Energy Environmentl ESTABLISHING GOALS & BASELINES Identify gols from stte energy offie perspetive Identify stte puli helth nd welfre gols ffeted

More information

Menu costs, firm size and price rigidity

Menu costs, firm size and price rigidity Economics Letters 66 (2000) 59 63 www.elsevier.com/ locte/ econbse Menu costs, firm size nd price rigidity Robert A. Buckle *, John A. Crlson, b School of Economics nd Finnce, Victori University of Wellington,

More information

Technical Report Global Leader Dry Bulk Derivatives. FIS Technical - Grains And Ferts. Highlights:

Technical Report Global Leader Dry Bulk Derivatives. FIS Technical - Grains And Ferts. Highlights: Technicl Report Technicl Anlyst FIS Technicl - Grins And Ferts Edwrd Hutn 442070901120 Edwrdh@freightinvesr.com Client Reltions Andrew Cullen 442070901120 Andrewc@freightinvesr.com Highlights: SOY remins

More information

Suffix Trees. Outline. Introduction Suffix Trees (ST) Building STs in linear time: Ukkonen s algorithm Applications of ST.

Suffix Trees. Outline. Introduction Suffix Trees (ST) Building STs in linear time: Ukkonen s algorithm Applications of ST. Suffi Trees Outline Introduction Suffi Trees (ST) Building STs in liner time: Ukkonen s lgorithm Applictions of ST 2 Introduction 3 Sustrings String is ny sequence of chrcters. Sustring of string S is

More information

PSAS: Government transfers what you need to know

PSAS: Government transfers what you need to know PSAS: Government trnsfers wht you need to know Ferury 2018 Overview This summry will provide users with n understnding of the significnt recognition, presenttion nd disclosure requirements of the stndrd.

More information

A portfolio approach to the optimal funding of pensions

A portfolio approach to the optimal funding of pensions Economics Letters 69 (000) 01 06 www.elsevier.com/ locte/ econbse A portfolio pproch to the optiml funding of pensions Jysri Dutt, Sndeep Kpur *, J. Michel Orszg b, b Fculty of Economics University of

More information

Burrows-Wheeler Transform and FM Index

Burrows-Wheeler Transform and FM Index Burrows-Wheeler Trnsform nd M Index Ben ngmed You re free to use these slides. If you do, plese sign the guestbook (www.lngmed-lb.org/teching-mterils), or emil me (ben.lngmed@gmil.com) nd tell me briefly

More information

Access your online resources today at

Access your online resources today at 978--07-670- - CmbridgeMths: NSW Syllbus for the Austrlin Curriculum: Yer 0: Stte./. Access your online resources tody t www.cmbridge.edu.u/go. Log in to your existing Cmbridge GO user ccount or crete

More information

Open Space Allocation and Travel Costs

Open Space Allocation and Travel Costs Open Spce Alloction nd Trvel Costs By Kent Kovcs Deprtment of Agriculturl nd Resource Economics University of Cliforni, Dvis kovcs@priml.ucdvis.edu Pper prepred for presenttion t the Americn Agriculturl

More information

Pushdown Automata. Courtesy: Costas Busch RPI

Pushdown Automata. Courtesy: Costas Busch RPI Pushdown Automt Courtesy: Costs Busch RPI Pushdown Automt Pushdown Automt Pushdown Automt Pushdown Automt Pushdown Automt Pushdown Automt Non-Determinism:NPDA PDAs re non-deterministic: non-deterministic

More information

Grain Marketing: Using Balance Sheets

Grain Marketing: Using Balance Sheets 1 Fct Sheet 485 Grin Mrketing: Using Blnce Sheets Introduction Grin lnce sheets re estimtes of supply nd demnd. They re the key to understnding the grin mrkets. A grin frmer who understnds how to interpret

More information

Technical Report Global Leader Dry Bulk Derivatives. FIS Technical - Grains And Ferts. Highlights:

Technical Report Global Leader Dry Bulk Derivatives. FIS Technical - Grains And Ferts. Highlights: Technicl Report Technicl Anlyst FIS Technicl - Grins And Ferts Edwrd Hutn 44 20 7090 1120 Edwrdh@freightinvesr.com Highlights: SOY The weekly chrt is chowing lower high suggesting wekness going forwrd,

More information

Announcements. Maximizing Expected Utility. Preferences. Rational Preferences. Rational Preferences. Introduction to Artificial Intelligence

Announcements. Maximizing Expected Utility. Preferences. Rational Preferences. Rational Preferences. Introduction to Artificial Intelligence Introduction to Artificil Intelligence V22.0472-001 Fll 2009 Lecture 8: Utilitie Announcement Will hve Aignment 1 grded by Wed. Aignment 2 i up on webpge Due on Mon 19 th October (2 week) Rob Fergu Dept

More information

Exhibit A Covered Employee Notification of Rights Materials Regarding Allied Managed Care Incorporated Allied Managed Care MPN MPN ID # 2360

Exhibit A Covered Employee Notification of Rights Materials Regarding Allied Managed Care Incorporated Allied Managed Care MPN MPN ID # 2360 Covered Notifiction of Rights Mterils Regrding Allied Mnged Cre Incorported Allied Mnged Cre MPN This pmphlet contins importnt informtion bout your medicl cre in cse of workrelted injmy or illness You

More information

Conditions for GrowthLink

Conditions for GrowthLink Importnt: This is smple of the policy document. To determine the precise terms, conditions nd exclusions of your cover, plese refer to the ctul policy nd ny endorsement issued to you. Conditions for GrowthLink

More information

First Assignment, Federal Income Tax, Spring 2019 O Reilly. For Monday, January 14th, please complete problem set one (attached).

First Assignment, Federal Income Tax, Spring 2019 O Reilly. For Monday, January 14th, please complete problem set one (attached). First Assignment, Federl Income Tx, Spring 2019 O Reilly For Mondy, Jnury 14th, plese complete problem set one (ttched). Federl Income Tx Spring 2019 Problem Set One Suppose tht in 2018, Greene is 32,

More information

The phases of a simple compiler: Compiler Construction SMD163. From Intermediate To Target: An Optimizing Compiler: Lecture 13: Instruction selection

The phases of a simple compiler: Compiler Construction SMD163. From Intermediate To Target: An Optimizing Compiler: Lecture 13: Instruction selection Compiler Constrution SMD163 The phses of simple ompiler: Lexer Prser Stti Anlysis IA32 Code Genertor Leture 13: Instrution seletion Viktor Leijon & Peter Jonsson with slides y John Nordlnder Contins mteril

More information

Problem Set 4 - Solutions. Suppose when Russia opens to trade, it imports automobiles, a capital-intensive good.

Problem Set 4 - Solutions. Suppose when Russia opens to trade, it imports automobiles, a capital-intensive good. roblem Set 4 - Solutions uestion Suppose when ussi opens to trde, it imports utomobiles, cpitl-intensive good. ) According to the Heckscher-Ohlin theorem, is ussi cpitl bundnt or lbor bundnt? Briefly explin.

More information

ASYMMETRIC SWITCHING COSTS CAN IMPROVE THE PREDICTIVE POWER OF SHY S MODEL

ASYMMETRIC SWITCHING COSTS CAN IMPROVE THE PREDICTIVE POWER OF SHY S MODEL Document de trvil 2012-14 / April 2012 ASYMMETRIC SWITCHIG COSTS CA IMPROVE THE PREDICTIVE POWER OF SHY S MODEL Evens Slies OFCE-Sciences-Po Asymmetric switching costs cn improve the predictive power of

More information

The Combinatorial Seller s Bid Double Auction: An Asymptotically Efficient Market Mechanism*

The Combinatorial Seller s Bid Double Auction: An Asymptotically Efficient Market Mechanism* The Combintoril Seller s Bid Double Auction: An Asymptoticlly Efficient Mret Mechnism* Rhul Jin IBM Wtson Reserch Hwthorne, NY rhul.jin@us.ibm.com Prvin Vriy EECS Deprtment University of Cliforni, Bereley

More information

Problem Set for Chapter 3: Simple Regression Analysis ECO382 Econometrics Queens College K.Matsuda

Problem Set for Chapter 3: Simple Regression Analysis ECO382 Econometrics Queens College K.Matsuda Problem Set for Chpter 3 Simple Regression Anlysis ECO382 Econometrics Queens College K.Mtsud Excel Assignments You re required to hnd in these Excel Assignments by the due Mtsud specifies. Legibility

More information

Pricing Resources on Demand

Pricing Resources on Demand Pricing Resources on Demnd Costs Courcouetis, Sergios Soursos nd Richrd Weer Athens University of Economics nd Business Emil: courcou, sns@ue.gr University of Cmridge Emil: rrw@sttsl.cm.c.uk Astrct Trditionl

More information

EFFECTS OF THE SINGLE EUROPEAN MARKET ON WELFARE OF THE PARTICIPATING COUNTRIES (theoretical approach)

EFFECTS OF THE SINGLE EUROPEAN MARKET ON WELFARE OF THE PARTICIPATING COUNTRIES (theoretical approach) EFFECTS OF THE SINGLE EUROEAN MARKET ON ELFARE OF THE ARTICIATING COUNTRIES theoretil pproh O ELHD&DU\:DUVDZ6FKRRORIFRRLFV:DUVDZRODG Agnieszk Rusinowsk, rsw Shool of Eonomis, rsw, olnd In this note we

More information

Is the Armington Elasticity Really Constant across Importers?

Is the Armington Elasticity Really Constant across Importers? MPRA Munich Personl RePEc Archive Is the Armington Elsticity Relly Constnt cross Importers? Hn Yilmzudy June 2009 Online t http://mpr.u.uni-muenchen.de/15954/ MPRA Pper No. 15954, posted 30. June 2009

More information

APPENDIX 5 FORMS RELATING TO LISTING FORM F GEM COMPANY INFORMATION SHEET

APPENDIX 5 FORMS RELATING TO LISTING FORM F GEM COMPANY INFORMATION SHEET APPENDIX 5 FORMS RELATING TO LISTING FORM F GEM COMPANY INFORMATION SHEET Cse Number: 20180815-I18008-0004 Hong Kong Exchnges nd Clering Limited nd The Stock Exchnge of Hong Kong Limited tke no responsibility

More information

"Multilateralism, Regionalism, and the Sustainability of 'Natural' Trading Blocs"

Multilateralism, Regionalism, and the Sustainability of 'Natural' Trading Blocs "Multilterlism, Regionlism, nd the Sustinility of 'Nturl' Trding Blocs" y Eric Bond Deprtment of Economics Penn Stte June, 1999 Astrct: This pper compres the mximum level of world welfre ttinle in n incentive

More information

FIS Technical - Capesize

FIS Technical - Capesize Technicl Report Technicl Anlyst FIS Technicl - Cpesize Edwrd Hutn 442070901120 Edwrdh@freightinvesr.com Client Reltions Andrew Cullen 442070901120 Andrewc@freightinvesr.com Highlights: Cpesize Index- Holding

More information

Technical Report Global Leader Dry Bulk Derivatives

Technical Report Global Leader Dry Bulk Derivatives Soybens Mrch 17 - Weekly Soybens Mrch 17 - Dily Source Bloomberg Weekly Close US$ 1,026 7/8 RSI 56 MACD Bullish, the hisgrm is flt S1 US$ 1,032 ½ S2 US$ 1,001 R1 US$ 1,072 R2 US$ 1,080 Dily Close US$ 1,042

More information

Preference Cloud Theory: Imprecise Preferences and Preference Reversals Oben Bayrak and John Hey

Preference Cloud Theory: Imprecise Preferences and Preference Reversals Oben Bayrak and John Hey Preference Cloud Theory: Imprecise Preferences nd Preference Reversls Oben Byrk nd John Hey This pper presents new theory, clled Preference Cloud Theory, of decision-mking under uncertinty. This new theory

More information

Chapter 4. Profit and Bayesian Optimality

Chapter 4. Profit and Bayesian Optimality Chpter 4 Profit nd Byesin Optimlity In this chpter we consider the objective of profit. The objective of profit mximiztion dds significnt new chllenge over the previously considered objective of socil

More information

Math-3 Lesson 2-5 Quadratic Formula

Math-3 Lesson 2-5 Quadratic Formula Mth- Lesson - Qudrti Formul Quiz 1. Complete the squre for: 10. Convert this perfet squre trinomil into the squre of inomil: 6 9. Solve ompleting the squre: 0 8 Your turn: Solve ftoring. 1.. 6 7 How would

More information

Math 205 Elementary Algebra Fall 2010 Final Exam Study Guide

Math 205 Elementary Algebra Fall 2010 Final Exam Study Guide Mth 0 Elementr Algebr Fll 00 Finl Em Stud Guide The em is on Tuesd, December th from :0m :0m. You re llowed scientific clcultor nd " b " inde crd for notes. On our inde crd be sure to write n formuls ou

More information

Do We Really Need Gaussian Filters for Feature Detection? (Supplementary Material)

Do We Really Need Gaussian Filters for Feature Detection? (Supplementary Material) Do We Relly Need Gussin Filters for Feture Detection? (Supplementry Mteril) Lee-Kng Liu, Stnley H. Chn nd Truong Nguyen Februry 5, 0 This document is supplementry mteril to the pper submitted to EUSIPCO

More information

Research Article Existence of Positive Solution to Second-Order Three-Point BVPs on Time Scales

Research Article Existence of Positive Solution to Second-Order Three-Point BVPs on Time Scales Hindwi Publishing Corportion Boundry Vlue Problems Volume 2009, Article ID 685040, 6 pges doi:10.1155/2009/685040 Reserch Article Existence of Positive Solution to Second-Order hree-point BVPs on ime Scles

More information