Lecture 5: Introduction to Entropy Coding. Thinh Nguyen Oregon State University

Size: px
Start display at page:

Download "Lecture 5: Introduction to Entropy Coding. Thinh Nguyen Oregon State University"

Transcription

1 Lecture 5: Introducton to Entropy Codng Thnh guyen Oregon State Unversty

2 Codes Defntons: Aphabet: s a coecton of symbos. Letters (symbos): s an eement of an aphabet. Codng: the assgnment of bnary sequences to eements of an aphabet. Code: A set of bnary sequences. Codeords: Indvdua members of the set of bnary sequences.

3 Exampes of Bnary Codes Engsh aphabets: 6 uppercase and 6 oercase etters and punctuaton mars. ASCII code for the etter a s 0000 ASCII code for the etter A s ASCII code for the etter, s 0000 ote: a the etters (symbos) n ths case use the same number of bts (7). These are caed fxed ength codes.

4 Exampes of Bnary Codes Engsh aphabets: 6 uppercase and 6 oercase etters and punctuaton mars. ASCII code for the etter a s 0000 ASCII code for the etter A s ASCII code for the etter, s 0000 ote: a the etters (symbos) n ths case use the same number of bts (7). These are caed fxed ength codes. The average number of bts per symbo (etter) s caed the rate of the code.

5 Code Rate Average ength of the code s mportant n compresson. Suppose our source aphabet conssts of four etters a, a, a 3, and a 4 th probabtes P(a ) 0.5 P(a ) 0.5, and P(a 3 ) P(a 4 ) 0.5. The average ength of the code s gven by 4 P( a ) n( a ) n(a ) s the number of bts n the codeord for etter a

6 Unquey Decodabe Codes Letters Probabtty Code Code Code 3 Code 4 a a a a Average Length Code : not unque a and a have the same codeord Code : not unquey decodabe: 00 coud mean a a 3 or a a a Codes 3 and 4: unquey decodabe: What are the rues? Code 3 s caed nstantaneous code snce the decoder nos the codeord the moment a code s compete.

7 Ho do e no a unquey decodabe code? Consder to codeords: 0 and 00 Prefx: 0 Dangng suffx: 0 Agorthm:. Construct a st of a the codeords.. Examne a pars of codeords to see f any codeord s a prefx of another codeord. If there exsts such a par, add the dangng suffce to the st uness there s one aready. 3. Contnue ths procedure usng the arger st unt:. Ether a dangng suffx s a codeord -> not unquey decodabe.. There are no more unque dangng suffxes -> unquey decodabe.

8 Exampes of Unque Decodabty Consder {0,0,} Dangng suffx s from 0 and 0 e st: {0,0,,} Dangng suffx s (from 0 and 0, and aso and ), and s aready ncuded n prevous teraton. Snce the dangng suffx s not a codeord, {0,0, } s unquey decodabe.

9 Exampes of Unque Decodabty Consder {0,0,0} Dangng suffx s from 0 and 0 e st: {0,0,0,} The ne dangng suffx s 0 (from 0 and ). Snce the dangng suffx 0 s a codeord, {0,0, 0} s not unquey decodabe.

10 Prefx Codes Prefx codes: A code n hch no codeord s a prefx to another codeord. A prefx code can be defned by a bnary tree Exampe:

11 Decodng a Prefx Codeord

12 Decodng a Prefx Codeord

13 Ho good s the code? Suppose a, b, and c occur th probabtes /8, /4, and 5/8, respectvey.

14 Are e osng any effcency by usng prefx code? The anser s O! Theorem : Let C be a code th code ords th engths,,. If C s unquey decodabe, then K( C) Theorem : Gven a set of ntegers,, that satsfy the nequaty e can aays fnd a prefx code th codeord engths,,.

15 Proof of Theorem ) ( C K n n n )... ( The exponent )... ( n s smpy the ength of n codeords Smaest vaue of s n and argest vaue s So, n n n A C K )] ( [ A s the number of combnatons of n codeords that have a combned ength of A Snce for a unquey decodabe code, each sequence can represent one and ony one sequence of codeords. Ths mpes )] ( [ n n A C K n n n n n Groth neary!!!! Thus, ) ( C K

16 Proof of Theorem : If e can aays fnd a prefx codes th the ength... Assume:..., Defne: 0, > Fact : bnary representaton of oud tae up )] ( [og ce Fact : The number of bts n the bnary representaton of s ess than og og ) ( og og

17 Proof of Theorem : If e can aays fnd a prefx codes th the ength..., o usng the bnary representaton of If ce (og ( )), e defne the codeord as:, then the th codeord c s the bnary representaton of If ce(og ( )), then the th codeord c s the bnary representaton of th ce(og ( )) zeros Ths s ceary a decodabe code ( are a dfferent snce s an ncreased functon, each ength ) aso has

18 Proof of Theorem : If e can aays fnd a prefx codes th the ength..., Suppose the cam s not true, then for some, < Ths means most sgnfcant bts fo form the bnary representon of c s the prefx of c, Hoever Therefore, That s the smaest vaue for s Hence, contradcts!

Parallel Prefix addition

Parallel Prefix addition Marcelo Kryger Sudent ID 015629850 Parallel Prefx addton The parallel prefx adder presented next, performs the addton of two bnary numbers n tme of complexty O(log n) and lnear cost O(n). Lets notce the

More information

15-451/651: Design & Analysis of Algorithms January 22, 2019 Lecture #3: Amortized Analysis last changed: January 18, 2019

15-451/651: Design & Analysis of Algorithms January 22, 2019 Lecture #3: Amortized Analysis last changed: January 18, 2019 5-45/65: Desgn & Analyss of Algorthms January, 09 Lecture #3: Amortzed Analyss last changed: January 8, 09 Introducton In ths lecture we dscuss a useful form of analyss, called amortzed analyss, for problems

More information

COS 511: Theoretical Machine Learning. Lecturer: Rob Schapire Lecture #21 Scribe: Lawrence Diao April 23, 2013

COS 511: Theoretical Machine Learning. Lecturer: Rob Schapire Lecture #21 Scribe: Lawrence Diao April 23, 2013 COS 511: Theoretcal Machne Learnng Lecturer: Rob Schapre Lecture #21 Scrbe: Lawrence Dao Aprl 23, 2013 1 On-Lne Log Loss To recap the end of the last lecture, we have the followng on-lne problem wth N

More information

ECE 586GT: Problem Set 2: Problems and Solutions Uniqueness of Nash equilibria, zero sum games, evolutionary dynamics

ECE 586GT: Problem Set 2: Problems and Solutions Uniqueness of Nash equilibria, zero sum games, evolutionary dynamics Unversty of Illnos Fall 08 ECE 586GT: Problem Set : Problems and Solutons Unqueness of Nash equlbra, zero sum games, evolutonary dynamcs Due: Tuesday, Sept. 5, at begnnng of class Readng: Course notes,

More information

Elements of Economic Analysis II Lecture VI: Industry Supply

Elements of Economic Analysis II Lecture VI: Industry Supply Elements of Economc Analyss II Lecture VI: Industry Supply Ka Hao Yang 10/12/2017 In the prevous lecture, we analyzed the frm s supply decson usng a set of smple graphcal analyses. In fact, the dscusson

More information

Static (or Simultaneous- Move) Games of Complete Information

Static (or Simultaneous- Move) Games of Complete Information Statc (or Smultaneous- Move) Games of Complete Informaton Nash Equlbrum Best Response Functon F. Valognes - Game Theory - Chp 3 Outlne of Statc Games of Complete Informaton Introducton to games Normal-form

More information

Economic Design of Short-Run CSP-1 Plan Under Linear Inspection Cost

Economic Design of Short-Run CSP-1 Plan Under Linear Inspection Cost Tamkang Journal of Scence and Engneerng, Vol. 9, No 1, pp. 19 23 (2006) 19 Economc Desgn of Short-Run CSP-1 Plan Under Lnear Inspecton Cost Chung-Ho Chen 1 * and Chao-Yu Chou 2 1 Department of Industral

More information

Production and Supply Chain Management Logistics. Paolo Detti Department of Information Engeneering and Mathematical Sciences University of Siena

Production and Supply Chain Management Logistics. Paolo Detti Department of Information Engeneering and Mathematical Sciences University of Siena Producton and Supply Chan Management Logstcs Paolo Dett Department of Informaton Engeneerng and Mathematcal Scences Unversty of Sena Convergence and complexty of the algorthm Convergence of the algorthm

More information

II. Random Variables. Variable Types. Variables Map Outcomes to Numbers

II. Random Variables. Variable Types. Variables Map Outcomes to Numbers II. Random Varables Random varables operate n much the same way as the outcomes or events n some arbtrary sample space the dstncton s that random varables are smply outcomes that are represented numercally.

More information

Tests for Two Correlations

Tests for Two Correlations PASS Sample Sze Software Chapter 805 Tests for Two Correlatons Introducton The correlaton coeffcent (or correlaton), ρ, s a popular parameter for descrbng the strength of the assocaton between two varables.

More information

2.1 Rademacher Calculus... 3

2.1 Rademacher Calculus... 3 COS 598E: Unsupervsed Learnng Week 2 Lecturer: Elad Hazan Scrbe: Kran Vodrahall Contents 1 Introducton 1 2 Non-generatve pproach 1 2.1 Rademacher Calculus............................... 3 3 Spectral utoencoders

More information

Price and Quantity Competition Revisited. Abstract

Price and Quantity Competition Revisited. Abstract rce and uantty Competton Revsted X. Henry Wang Unversty of Mssour - Columba Abstract By enlargng the parameter space orgnally consdered by Sngh and Vves (984 to allow for a wder range of cost asymmetry,

More information

Asymmetric Contests with Conditional Investments

Asymmetric Contests with Conditional Investments Asymmetrc Contests wth Condtona Investments Ron Sege Department of Economcs Northwestern Unversty March 2009 Abstract Ths paper nvestgates equbrum behavor n a cass of games that modes asymmetrc compettons

More information

Teaching Note on Factor Model with a View --- A tutorial. This version: May 15, Prepared by Zhi Da *

Teaching Note on Factor Model with a View --- A tutorial. This version: May 15, Prepared by Zhi Da * Copyrght by Zh Da and Rav Jagannathan Teachng Note on For Model th a Ve --- A tutoral Ths verson: May 5, 2005 Prepared by Zh Da * Ths tutoral demonstrates ho to ncorporate economc ves n optmal asset allocaton

More information

Linear Combinations of Random Variables and Sampling (100 points)

Linear Combinations of Random Variables and Sampling (100 points) Economcs 30330: Statstcs for Economcs Problem Set 6 Unversty of Notre Dame Instructor: Julo Garín Sprng 2012 Lnear Combnatons of Random Varables and Samplng 100 ponts 1. Four-part problem. Go get some

More information

Generation of Well-Formed Parenthesis Strings in Constant Worst-Case Time

Generation of Well-Formed Parenthesis Strings in Constant Worst-Case Time Ž. JOURNAL OF ALGORITHMS 29, 165173 1998 ARTICLE NO. AL980960 Generaton of Well-Formed Parenthess Strngs n Constant Worst-Case Tme Tmothy R. Walsh Department of Computer Scence, Unersty of Quebec at Montreal,

More information

Elton, Gruber, Brown, and Goetzmann. Modern Portfolio Theory and Investment Analysis, 7th Edition. Solutions to Text Problems: Chapter 9

Elton, Gruber, Brown, and Goetzmann. Modern Portfolio Theory and Investment Analysis, 7th Edition. Solutions to Text Problems: Chapter 9 Elton, Gruber, Brown, and Goetzmann Modern Portfolo Theory and Investment Analyss, 7th Edton Solutons to Text Problems: Chapter 9 Chapter 9: Problem In the table below, gven that the rskless rate equals

More information

Equilibrium in Prediction Markets with Buyers and Sellers

Equilibrium in Prediction Markets with Buyers and Sellers Equlbrum n Predcton Markets wth Buyers and Sellers Shpra Agrawal Nmrod Megddo Benamn Armbruster Abstract Predcton markets wth buyers and sellers of contracts on multple outcomes are shown to have unque

More information

INTRODUCTION TO MACROECONOMICS FOR THE SHORT RUN (CHAPTER 1) WHY STUDY BUSINESS CYCLES? The intellectual challenge: Why is economic growth irregular?

INTRODUCTION TO MACROECONOMICS FOR THE SHORT RUN (CHAPTER 1) WHY STUDY BUSINESS CYCLES? The intellectual challenge: Why is economic growth irregular? INTRODUCTION TO MACROECONOMICS FOR THE SHORT RUN (CHATER 1) WHY STUDY BUSINESS CYCLES? The ntellectual challenge: Why s economc groth rregular? The socal challenge: Recessons and depressons cause elfare

More information

Lecture 7. We now use Brouwer s fixed point theorem to prove Nash s theorem.

Lecture 7. We now use Brouwer s fixed point theorem to prove Nash s theorem. Topcs on the Border of Economcs and Computaton December 11, 2005 Lecturer: Noam Nsan Lecture 7 Scrbe: Yoram Bachrach 1 Nash s Theorem We begn by provng Nash s Theorem about the exstance of a mxed strategy

More information

Understanding Annuities. Some Algebraic Terminology.

Understanding Annuities. Some Algebraic Terminology. Understandng Annutes Ma 162 Sprng 2010 Ma 162 Sprng 2010 March 22, 2010 Some Algebrac Termnology We recall some terms and calculatons from elementary algebra A fnte sequence of numbers s a functon of natural

More information

International Trade Theory (1/2008) Chulalongkorn University Lecture 5 the Heckscher-Ohlin Model (part II) Kornkarun Cheewatrakoolpong, Ph.D.

International Trade Theory (1/2008) Chulalongkorn University Lecture 5 the Heckscher-Ohlin Model (part II) Kornkarun Cheewatrakoolpong, Ph.D. Internatonal rade heory (1/2008) Chulalongkorn Unversty ecture 5 the Heckscher-Ohln Model (part II) ornkarun Cheeatrakoolpong, Ph.D. he logc - ake { a1, a1, a2, a2} as constant and manpulate the full employment

More information

MAT25 LECTURE 10 NOTES. = a b. > 0, there exists N N such that if n N, then a n a < ɛ

MAT25 LECTURE 10 NOTES. = a b. > 0, there exists N N such that if n N, then a n a < ɛ MAT5 LECTURE 0 NOTES NATHANIEL GALLUP. Algebraic Limit Theorem Theorem : Algebraic Limit Theorem (Abbott Theorem.3.3) Let (a n ) and ( ) be sequences of real numbers such that lim n a n = a and lim n =

More information

TCOM501 Networking: Theory & Fundamentals Final Examination Professor Yannis A. Korilis April 26, 2002

TCOM501 Networking: Theory & Fundamentals Final Examination Professor Yannis A. Korilis April 26, 2002 TO5 Networng: Theory & undamentals nal xamnaton Professor Yanns. orls prl, Problem [ ponts]: onsder a rng networ wth nodes,,,. In ths networ, a customer that completes servce at node exts the networ wth

More information

Appendix for Solving Asset Pricing Models when the Price-Dividend Function is Analytic

Appendix for Solving Asset Pricing Models when the Price-Dividend Function is Analytic Appendx for Solvng Asset Prcng Models when the Prce-Dvdend Functon s Analytc Ovdu L. Caln Yu Chen Thomas F. Cosmano and Alex A. Hmonas January 3, 5 Ths appendx provdes proofs of some results stated n our

More information

To find a non-split strong dominating set of an interval graph using an algorithm

To find a non-split strong dominating set of an interval graph using an algorithm IOSR Journal of Mathematcs (IOSR-JM) e-issn: 2278-5728,p-ISSN: 219-765X, Volume 6, Issue 2 (Mar - Apr 201), PP 05-10 To fnd a non-splt rong domnatng set of an nterval graph usng an algorthm Dr A Sudhakaraah*,

More information

A MODEL OF COMPETITION AMONG TELECOMMUNICATION SERVICE PROVIDERS BASED ON REPEATED GAME

A MODEL OF COMPETITION AMONG TELECOMMUNICATION SERVICE PROVIDERS BASED ON REPEATED GAME A MODEL OF COMPETITION AMONG TELECOMMUNICATION SERVICE PROVIDERS BASED ON REPEATED GAME Vesna Radonć Đogatovć, Valentna Radočć Unversty of Belgrade Faculty of Transport and Traffc Engneerng Belgrade, Serba

More information

Adaptive Channel Estimation for Turbo Decoding

Adaptive Channel Estimation for Turbo Decoding Unversty of Wndsor Schoarshp at UWndsor Eectronc Theses and Dssertatons 01 Adaptve Channe Estmaton for Turbo Decodng YU QING GUO Unversty of Wndsor Foow ths and addtona works at: https://schoar.uwndsor.ca/etd

More information

Chapter 5 Student Lecture Notes 5-1

Chapter 5 Student Lecture Notes 5-1 Chapter 5 Student Lecture Notes 5-1 Basc Busness Statstcs (9 th Edton) Chapter 5 Some Important Dscrete Probablty Dstrbutons 004 Prentce-Hall, Inc. Chap 5-1 Chapter Topcs The Probablty Dstrbuton of a Dscrete

More information

332 Mathematical Induction Solutions for Chapter 14. for every positive integer n. Proof. We will prove this with mathematical induction.

332 Mathematical Induction Solutions for Chapter 14. for every positive integer n. Proof. We will prove this with mathematical induction. 33 Mathematcal Inducton. Solutons for Chapter. Prove that 3 n n n for every postve nteger n. Proof. We wll prove ths wth mathematcal nducton. Observe that f n, ths statement s, whch s obvously true. Consder

More information

PREFERENCE DOMAINS AND THE MONOTONICITY OF CONDORCET EXTENSIONS

PREFERENCE DOMAINS AND THE MONOTONICITY OF CONDORCET EXTENSIONS PREFERECE DOMAIS AD THE MOOTOICITY OF CODORCET EXTESIOS PAUL J. HEALY AD MICHAEL PERESS ABSTRACT. An alternatve s a Condorcet wnner f t beats all other alternatves n a parwse majorty vote. A socal choce

More information

Introduction to PGMs: Discrete Variables. Sargur Srihari

Introduction to PGMs: Discrete Variables. Sargur Srihari Introducton to : Dscrete Varables Sargur srhar@cedar.buffalo.edu Topcs. What are graphcal models (or ) 2. Use of Engneerng and AI 3. Drectonalty n graphs 4. Bayesan Networks 5. Generatve Models and Samplng

More information

Algorithms for Provisioning Virtual Private Networks in the Hose Model

Algorithms for Provisioning Virtual Private Networks in the Hose Model Agorthms for Provsonng Vrtua Prvate Networks n the Hose Mode Amt Kumar Corne Unversty Ithaca, NY 14853 amtk@cs.corne.edu Raeev Rastog Be Laboratores 00 Mountan Avenue Murray H, NJ 07974 rastog@be-abs.com

More information

Global Optimization in Multi-Agent Models

Global Optimization in Multi-Agent Models Global Optmzaton n Mult-Agent Models John R. Brge R.R. McCormck School of Engneerng and Appled Scence Northwestern Unversty Jont work wth Chonawee Supatgat, Enron, and Rachel Zhang, Cornell 11/19/2004

More information

How to Share a Secret, Infinitely

How to Share a Secret, Infinitely How to Share a Secret, Infntely Ilan Komargodsk Mon Naor Eylon Yogev Abstract Secret sharng schemes allow a dealer to dstrbute a secret pece of nformaton among several partes such that only qualfed subsets

More information

Maximum Likelihood Estimation of Isotonic Normal Means with Unknown Variances*

Maximum Likelihood Estimation of Isotonic Normal Means with Unknown Variances* Journal of Multvarate Analyss 64, 183195 (1998) Artcle No. MV971717 Maxmum Lelhood Estmaton of Isotonc Normal Means wth Unnown Varances* Nng-Zhong Sh and Hua Jang Northeast Normal Unversty, Changchun,Chna

More information

Economics 1410 Fall Section 7 Notes 1. Define the tax in a flexible way using T (z), where z is the income reported by the agent.

Economics 1410 Fall Section 7 Notes 1. Define the tax in a flexible way using T (z), where z is the income reported by the agent. Economcs 1410 Fall 2017 Harvard Unversty Yaan Al-Karableh Secton 7 Notes 1 I. The ncome taxaton problem Defne the tax n a flexble way usng T (), where s the ncome reported by the agent. Retenton functon:

More information

Introduction to game theory

Introduction to game theory Introducton to game theory Lectures n game theory ECON5210, Sprng 2009, Part 1 17.12.2008 G.B. Ashem, ECON5210-1 1 Overvew over lectures 1. Introducton to game theory 2. Modelng nteractve knowledge; equlbrum

More information

High-Performance Low-Memory Interleaver Banks for Turbo-Codes

High-Performance Low-Memory Interleaver Banks for Turbo-Codes Hgh-Performance Low-Memory Interleaer Banks for Turbo-Codes Stewart Crozer and Paul Gunand Communcatons Research Centre, 3701 Carlng Ae., P.O. Box 11490, Staton H, Ottawa, Canada K2H 8S2, Ph: 978-448-0994,

More information

arxiv: v1 [math.nt] 29 Oct 2015

arxiv: v1 [math.nt] 29 Oct 2015 A DIGITAL BINOMIAL THEOREM FOR SHEFFER SEQUENCES TOUFIK MANSOUR AND HIEU D. NGUYEN arxv:1510.08529v1 [math.nt] 29 Oct 2015 Abstract. We extend the dgtal bnomal theorem to Sheffer polynomal sequences by

More information

Two Equivalent Conditions

Two Equivalent Conditions Two Equivalent Conditions The traditional theory of present value puts forward two equivalent conditions for asset-market equilibrium: Rate of Return The expected rate of return on an asset equals the

More information

Universal Multiparty Data Exchange and Secret Key Agreement

Universal Multiparty Data Exchange and Secret Key Agreement Unversal Multparty Data Exchange and Secret Key Agreement Hmanshu Tyag Shun Watanabe 1 arxv:1605.01033v2 [cs.it] 23 Jan 2017 Abstract Multple partes observng correlated data seek to recover each other

More information

Appendix - Normally Distributed Admissible Choices are Optimal

Appendix - Normally Distributed Admissible Choices are Optimal Appendx - Normally Dstrbuted Admssble Choces are Optmal James N. Bodurtha, Jr. McDonough School of Busness Georgetown Unversty and Q Shen Stafford Partners Aprl 994 latest revson September 00 Abstract

More information

Chapter 3 - Lecture 4 Moments and Moment Generating Funct

Chapter 3 - Lecture 4 Moments and Moment Generating Funct Chapter 3 - Lecture 4 and s October 7th, 2009 Chapter 3 - Lecture 4 and Moment Generating Funct Central Skewness Chapter 3 - Lecture 4 and Moment Generating Funct Central Skewness The expected value of

More information

Lecture Note 2 Time Value of Money

Lecture Note 2 Time Value of Money Seg250 Management Prncples for Engneerng Managers Lecture ote 2 Tme Value of Money Department of Systems Engneerng and Engneerng Management The Chnese Unversty of Hong Kong Interest: The Cost of Money

More information

Macroeconomic Theory and Policy

Macroeconomic Theory and Policy ECO 209 Macroeconomc Theory and Polcy Lecture 7: The Open Economy wth Fxed Exchange Rates Gustavo Indart Slde 1 Open Economy under Fxed Exchange Rates Let s consder an open economy wth no captal moblty

More information

Chapter - IV. Total and Middle Fuzzy Graph

Chapter - IV. Total and Middle Fuzzy Graph Chapter - IV otal and Mddle Fuzzy Graph CHAPER - IV OAL AND MIDDLE FUZZY GRAPH In ths chapter for the gven fuzzy graph G:(σ, µ), subdvson fuzzy graph sd(g) : ( σ sd, µ sd ), square fuzzy graph S 2 ( G)

More information

Applications of Myerson s Lemma

Applications of Myerson s Lemma Applcatons of Myerson s Lemma Professor Greenwald 28-2-7 We apply Myerson s lemma to solve the sngle-good aucton, and the generalzaton n whch there are k dentcal copes of the good. Our objectve s welfare

More information

CS 541 Algorithms and Programs. Exam 1 Solutions

CS 541 Algorithms and Programs. Exam 1 Solutions CS 5 Algortms and Programs Exam Solutons Jonatan Turner 9/5/0 Be neat and concse, ut complete.. (5 ponts) An ncomplete nstance of te wgrap data structure s sown elow. Fll n te mssng felds for te adjacency

More information

Cyclic Scheduling in a Job shop with Multiple Assembly Firms

Cyclic Scheduling in a Job shop with Multiple Assembly Firms Proceedngs of the 0 Internatonal Conference on Industral Engneerng and Operatons Management Kuala Lumpur, Malaysa, January 4, 0 Cyclc Schedulng n a Job shop wth Multple Assembly Frms Tetsuya Kana and Koch

More information

ECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 8: THE OPEN ECONOMY WITH FIXED EXCHANGE RATES

ECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 8: THE OPEN ECONOMY WITH FIXED EXCHANGE RATES ECO 209 MACROECONOMIC THEOR AND POLIC LECTURE 8: THE OPEN ECONOM WITH FIXED EXCHANGE RATES Gustavo Indart Slde 1 OPEN ECONOM UNDER FIXED EXCHANGE RATES Let s consder an open economy wth no captal moblty

More information

4.4 Doob s inequalities

4.4 Doob s inequalities 34 CHAPTER 4. MARTINGALES 4.4 Doob s nequaltes The frst nterestng consequences of the optonal stoppng theorems are Doob s nequaltes. If M n s a martngale, denote M n =max applen M. Theorem 4.8 If M n s

More information

Games and Decisions. Part I: Basic Theorems. Contents. 1 Introduction. Jane Yuxin Wang. 1 Introduction 1. 2 Two-player Games 2

Games and Decisions. Part I: Basic Theorems. Contents. 1 Introduction. Jane Yuxin Wang. 1 Introduction 1. 2 Two-player Games 2 Games and Decsons Part I: Basc Theorems Jane Yuxn Wang Contents 1 Introducton 1 2 Two-player Games 2 2.1 Zero-sum Games................................ 3 2.1.1 Pure Strateges.............................

More information

EDC Introduction

EDC Introduction .0 Introducton EDC3 In the last set of notes (EDC), we saw how to use penalty factors n solvng the EDC problem wth losses. In ths set of notes, we want to address two closely related ssues. What are, exactly,

More information

Dr. A. Sudhakaraiah* V. Rama Latha E.Gnana Deepika

Dr. A. Sudhakaraiah* V. Rama Latha E.Gnana Deepika Internatonal Journal Of Scentfc & Engneerng Research, Volume, Issue 6, June-0 ISSN - Splt Domnatng Set of an Interval Graph Usng an Algorthm. Dr. A. Sudhakaraah* V. Rama Latha E.Gnana Deepka Abstract :

More information

Pricing Electricity Swing Options Through Bilevel Model

Pricing Electricity Swing Options Through Bilevel Model Internatona Core Journa of Engneerng Vo.4 o.8 ISS: 44-895 Prcng Eectrcty Swng Optons Through Beve Mode Mngzhu Wu Schoo of Management, Shangha Unversty, Shangha 33, Chna. kyote@63.com Abstract Snce the

More information

Financial mathematics

Financial mathematics Fnancal mathematcs Jean-Luc Bouchot jean-luc.bouchot@drexel.edu February 19, 2013 Warnng Ths s a work n progress. I can not ensure t to be mstake free at the moment. It s also lackng some nformaton. But

More information

iii) pay F P 0,T = S 0 e δt when stock has dividend yield δ.

iii) pay F P 0,T = S 0 e δt when stock has dividend yield δ. Fnal s Wed May 7, 12:50-2:50 You are allowed 15 sheets of notes and a calculator The fnal s cumulatve, so you should know everythng on the frst 4 revews Ths materal not on those revews 184) Suppose S t

More information

New Distance Measures on Dual Hesitant Fuzzy Sets and Their Application in Pattern Recognition

New Distance Measures on Dual Hesitant Fuzzy Sets and Their Application in Pattern Recognition Journal of Artfcal Intellgence Practce (206) : 8-3 Clausus Scentfc Press, Canada New Dstance Measures on Dual Hestant Fuzzy Sets and Ther Applcaton n Pattern Recognton L Xn a, Zhang Xaohong* b College

More information

2. Equlibrium and Efficiency

2. Equlibrium and Efficiency . Equlbrum and Effcency . Introducton competton and effcency Smt s nvsble and model of compettve economy combne ndependent decson-makng of consumers and frms nto a complete model of te economy exstence

More information

Trade, Di usion and the Gains from Openness

Trade, Di usion and the Gains from Openness Trade, D uson and the Gans from Openness Andrés Rodríguez-Care Pennsyvana State Unversty and NBER June 2007 Abstract Budng on Eaton and Kortum s (2002) mode of Rcardan trade, Avarez and Lucas (2005) cacuate

More information

Tree-based and GA tools for optimal sampling design

Tree-based and GA tools for optimal sampling design Tree-based and GA tools for optmal samplng desgn The R User Conference 2008 August 2-4, Technsche Unverstät Dortmund, Germany Marco Balln, Gulo Barcarol Isttuto Nazonale d Statstca (ISTAT) Defnton of the

More information

CHAPTER 9 FUNCTIONAL FORMS OF REGRESSION MODELS

CHAPTER 9 FUNCTIONAL FORMS OF REGRESSION MODELS CHAPTER 9 FUNCTIONAL FORMS OF REGRESSION MODELS QUESTIONS 9.1. (a) In a log-log model the dependent and all explanatory varables are n the logarthmc form. (b) In the log-ln model the dependent varable

More information

Macroeconomic Theory and Policy

Macroeconomic Theory and Policy ECO 209 Macroeconomc Theory and Polcy Lecture 7: The Open Economy wth Fxed Exchange Rates Gustavo Indart Slde 1 Open Economy under Fxed Exchange Rates Let s consder an open economy wth no captal moblty

More information

Microeconomics: BSc Year One Extending Choice Theory

Microeconomics: BSc Year One Extending Choice Theory mcroeconomcs notes from http://www.economc-truth.co.uk by Tm Mller Mcroeconomcs: BSc Year One Extendng Choce Theory Consumers, obvously, mostly have a choce of more than two goods; and to fnd the favourable

More information

CS 286r: Matching and Market Design Lecture 2 Combinatorial Markets, Walrasian Equilibrium, Tâtonnement

CS 286r: Matching and Market Design Lecture 2 Combinatorial Markets, Walrasian Equilibrium, Tâtonnement CS 286r: Matchng and Market Desgn Lecture 2 Combnatoral Markets, Walrasan Equlbrum, Tâtonnement Matchng and Money Recall: Last tme we descrbed the Hungaran Method for computng a maxmumweght bpartte matchng.

More information

Finance 402: Problem Set 1 Solutions

Finance 402: Problem Set 1 Solutions Fnance 402: Problem Set 1 Solutons Note: Where approprate, the fnal answer for each problem s gven n bold talcs for those not nterested n the dscusson of the soluton. 1. The annual coupon rate s 6%. A

More information

Survey of Math: Chapter 22: Consumer Finance Borrowing Page 1

Survey of Math: Chapter 22: Consumer Finance Borrowing Page 1 Survey of Math: Chapter 22: Consumer Fnance Borrowng Page 1 APR and EAR Borrowng s savng looked at from a dfferent perspectve. The dea of smple nterest and compound nterest stll apply. A new term s the

More information

Alternatives to Shewhart Charts

Alternatives to Shewhart Charts Alternatves to Shewhart Charts CUSUM & EWMA S Wongsa Overvew Revstng Shewhart Control Charts Cumulatve Sum (CUSUM) Control Chart Eponentally Weghted Movng Average (EWMA) Control Chart 2 Revstng Shewhart

More information

Optimising a general repair kit problem with a service constraint

Optimising a general repair kit problem with a service constraint Optmsng a general repar kt problem wth a servce constrant Marco Bjvank 1, Ger Koole Department of Mathematcs, VU Unversty Amsterdam, De Boelelaan 1081a, 1081 HV Amsterdam, The Netherlands Irs F.A. Vs Department

More information

Forward Risk Adjusted Probability Measures and Fixed-income Derivatives

Forward Risk Adjusted Probability Measures and Fixed-income Derivatives Lecture 9 Forward Risk Adjusted Probability Measures and Fixed-income Derivatives 9.1 Forward risk adjusted probability measures This section is a preparation for valuation of fixed-income derivatives.

More information

Prandtl's Mixing Length Hypothesis

Prandtl's Mixing Length Hypothesis Prandt's Mxng Length Hypothess he genera for of the Boussneq eddy vscosty ode s gven as U U u u = + δ x x, =, () where s the eddy vscosty. For thn shear ayer, the reevant coponent of () ay be restated

More information

Principles of Finance

Principles of Finance Prncples of Fnance Grzegorz Trojanowsk Lecture 6: Captal Asset Prcng Model Prncples of Fnance - Lecture 6 1 Lecture 6 materal Requred readng: Elton et al., Chapters 13, 14, and 15 Supplementary readng:

More information

A Utilitarian Approach of the Rawls s Difference Principle

A Utilitarian Approach of the Rawls s Difference Principle 1 A Utltaran Approach of the Rawls s Dfference Prncple Hyeok Yong Kwon a,1, Hang Keun Ryu b,2 a Department of Poltcal Scence, Korea Unversty, Seoul, Korea, 136-701 b Department of Economcs, Chung Ang Unversty,

More information

Introduction to Greedy Algorithms: Huffman Codes

Introduction to Greedy Algorithms: Huffman Codes Introduction to Greedy Algorithms: Huffman Codes Yufei Tao ITEE University of Queensland In computer science, one interesting method to design algorithms is to go greedy, namely, keep doing the thing that

More information

Nonresponse in the Norwegian Labour Force Survey (LFS): using administrative information to describe trends

Nonresponse in the Norwegian Labour Force Survey (LFS): using administrative information to describe trends Notater Documents 54/2012 Ib Thomsen and Ole Vllund Nonresponse n the Norwegan Labour Force Survey (LFS): usng admnstratve nformaton to descrbe trends Documents 54/2012 Ib Thomsen and Ole Vllund Nonresponse

More information

Afonso = art. 20. Lo u rd e s B. Afo n s o, Alfredo D. Eg í d i o d o s Reis

Afonso = art. 20. Lo u rd e s B. Afo n s o, Alfredo D. Eg í d i o d o s Reis Afonso art. 0 Numercal evaluaton of contnuous tme run probabltes for a portfolo th credblty updated premums by Lo u rd e s B. Afo n s o, Alfredo D. Eg í d o d o s Res a n d Ho a r d R. Waters Abstract

More information

UNIVERSITY OF NOTTINGHAM

UNIVERSITY OF NOTTINGHAM UNIVERSITY OF NOTTINGHAM SCHOOL OF ECONOMICS DISCUSSION PAPER 99/28 Welfare Analyss n a Cournot Game wth a Publc Good by Indraneel Dasgupta School of Economcs, Unversty of Nottngham, Nottngham NG7 2RD,

More information

Bilateral Trade Flows and Nontraded Goods

Bilateral Trade Flows and Nontraded Goods Blateral Trade Flos and Nontraded Goods Yh-mng Ln Department of Appled Economcs, Natonal Chay Unversty, Taan, R.O.C. Emal: yxl173@mal.ncyu.edu.t Abstract Ths paper develops a monopolstc competton model

More information

OPERATIONS RESEARCH. Game Theory

OPERATIONS RESEARCH. Game Theory OPERATIONS RESEARCH Chapter 2 Game Theory Prof. Bbhas C. Gr Department of Mathematcs Jadavpur Unversty Kolkata, Inda Emal: bcgr.umath@gmal.com 1.0 Introducton Game theory was developed for decson makng

More information

Quiz on Deterministic part of course October 22, 2002

Quiz on Deterministic part of course October 22, 2002 Engneerng ystems Analyss for Desgn Quz on Determnstc part of course October 22, 2002 Ths s a closed book exercse. You may use calculators Grade Tables There are 90 ponts possble for the regular test, or

More information

Advanced Microeconomics(ECH 32306)

Advanced Microeconomics(ECH 32306) Advanced Microeconomics(ECH 6) Homeork --- Soutions Expected Utiity Teory On p Jee and Reny say tat AXIOM G4 (Monotonicity) impies a an Prove tis We prove tis by contradiction Suppose a an, ten a a n and

More information

Attorneys' Compensation in Litigation with Bilateral Delegation

Attorneys' Compensation in Litigation with Bilateral Delegation Attorneys' Compensaton n Ltgaton wth Blateral Delegaton by Kyung Hwan Bak * Department of Economcs, Sungkyunkwan Unversty, Seoul 110-745, South Korea and Department of Economcs, Vrgna Polytechnc Insttute

More information

Foundations of Machine Learning II TP1: Entropy

Foundations of Machine Learning II TP1: Entropy Foundatons of Machne Learnng II TP1: Entropy Gullaume Charpat (Teacher) & Gaétan Marceau Caron (Scrbe) Problem 1 (Gbbs nequalty). Let p and q two probablty measures over a fnte alphabet X. Prove that KL(p

More information

Lecture Note 1: Foundations 1

Lecture Note 1: Foundations 1 Economcs 703 Advanced Mcroeconomcs Prof. Peter Cramton ecture Note : Foundatons Outlne A. Introducton and Examples B. Formal Treatment. Exstence of Nash Equlbrum. Exstence wthout uas-concavty 3. Perfect

More information

Dealing with User Heterogeneity in P2P Multiparty Video Conferencing: Layered Coding Versus Receiver Partitioning

Dealing with User Heterogeneity in P2P Multiparty Video Conferencing: Layered Coding Versus Receiver Partitioning Deang wth User Heterogenety n P2P Mutparty Vdeo Conferencng: Layered Codng Versus Recever Parttonng Eymen Kurdogu, Yong Lu and Yao Wang Department of ECE, NYU Poytechnc Schoo of Engneerng Abstract Layered

More information

ME 310 Numerical Methods. Differentiation

ME 310 Numerical Methods. Differentiation M 0 Numercal Metods fferentaton Tese presentatons are prepared by r. Cuneyt Sert Mecancal ngneerng epartment Mddle ast Tecncal Unversty Ankara, Turkey csert@metu.edu.tr Tey can not be used wtout te permsson

More information

Mode is the value which occurs most frequency. The mode may not exist, and even if it does, it may not be unique.

Mode is the value which occurs most frequency. The mode may not exist, and even if it does, it may not be unique. 1.7.4 Mode Mode s the value whch occurs most frequency. The mode may not exst, and even f t does, t may not be unque. For ungrouped data, we smply count the largest frequency of the gven value. If all

More information

arxiv: v2 [math.co] 6 Apr 2016

arxiv: v2 [math.co] 6 Apr 2016 On the number of equvalence classes of nvertble Boolean functons under acton of permutaton of varables on doman and range arxv:1603.04386v2 [math.co] 6 Apr 2016 Marko Carć and Modrag Žvkovć Abstract. Let

More information

PhysicsAndMathsTutor.com

PhysicsAndMathsTutor.com PhscsAndMathsTutor.com phscsandmathstutor.com June 2005 6. A scentst found that the tme taken, M mnutes, to carr out an eperment can be modelled b a normal random varable wth mean 155 mnutes and standard

More information

Dynamic Analysis of Knowledge Sharing of Agents with. Heterogeneous Knowledge

Dynamic Analysis of Knowledge Sharing of Agents with. Heterogeneous Knowledge Dynamc Analyss of Sharng of Agents wth Heterogeneous Kazuyo Sato Akra Namatame Dept. of Computer Scence Natonal Defense Academy Yokosuka 39-8686 JAPAN E-mal {g40045 nama} @nda.ac.jp Abstract In ths paper

More information

Variance Reduction Through Multilevel Monte Carlo Path Calculations

Variance Reduction Through Multilevel Monte Carlo Path Calculations Variance Reduction Through Mutieve Monte Caro Path Cacuations Mike Gies gies@comab.ox.ac.uk Oxford University Computing Laboratory Mutieve Monte Caro p. 1/30 Mutigrid A powerfu technique for soving PDE

More information

Creating a zero coupon curve by bootstrapping with cubic splines.

Creating a zero coupon curve by bootstrapping with cubic splines. MMA 708 Analytcal Fnance II Creatng a zero coupon curve by bootstrappng wth cubc splnes. erg Gryshkevych Professor: Jan R. M. Röman 0.2.200 Dvson of Appled Mathematcs chool of Educaton, Culture and Communcaton

More information

Corporate Finance: Capital structure and PMC. Yossi Spiegel Recanati School of Business

Corporate Finance: Capital structure and PMC. Yossi Spiegel Recanati School of Business Corporate Fnance: Captal structure and PMC Yoss Spegel ecanat School of Busness Brander and Lews AE 986 Olgopoly and Fnancal Structure: The Lmted Lablty Effect Cournot duopoly wth dfferentated products

More information

Raising Food Prices and Welfare Change: A Simple Calibration. Xiaohua Yu

Raising Food Prices and Welfare Change: A Simple Calibration. Xiaohua Yu Rasng Food Prces and Welfare Change: A Smple Calbraton Xaohua Yu Professor of Agrcultural Economcs Courant Research Centre Poverty, Equty and Growth Unversty of Göttngen CRC-PEG, Wlhelm-weber-Str. 2 3773

More information

Random Variables. 8.1 What is a Random Variable? Announcements: Chapter 8

Random Variables. 8.1 What is a Random Variable? Announcements: Chapter 8 Announcements: Quz starts after class today, ends Monday Last chance to take probablty survey ends Sunday mornng. Next few lectures: Today, Sectons 8.1 to 8. Monday, Secton 7.7 and extra materal Wed, Secton

More information

Competitive Rumor Spread in Social Networks

Competitive Rumor Spread in Social Networks Compettve Rumor Spread n Socal Networks Yongwhan Lm Operatons Research Center, Massachusetts Insttute of Technology yongwhan@mt.edu Asuman Ozdaglar EECS, Massachusetts Insttute of Technology asuman@mt.edu

More information

Explaining Movements of the Labor Share in the Korean Economy: Factor Substitution, Markups and Bargaining Power

Explaining Movements of the Labor Share in the Korean Economy: Factor Substitution, Markups and Bargaining Power Explanng Movements of the abor Share n the Korean Economy: Factor Substtuton, Markups and Barganng ower Bae-Geun, Km January 2, 26 Appendx A. Dervaton of the dervatve of et us start from eq. (). For notatonal

More information

Homework 1 Answers` Page 1 of 12

Homework 1 Answers` Page 1 of 12 Homework Answers` Page of PbAf Unversty of Washngton Homework Assgnment # On ths homework assgnment, I wll be gradng the smallest prme number between and 0, and 0, and 0 and so on. To clarfy ths, the frst

More information

AC : THE DIAGRAMMATIC AND MATHEMATICAL APPROACH OF PROJECT TIME-COST TRADEOFFS

AC : THE DIAGRAMMATIC AND MATHEMATICAL APPROACH OF PROJECT TIME-COST TRADEOFFS AC 2008-1635: THE DIAGRAMMATIC AND MATHEMATICAL APPROACH OF PROJECT TIME-COST TRADEOFFS Kun-jung Hsu, Leader Unversty Amercan Socety for Engneerng Educaton, 2008 Page 13.1217.1 Ttle of the Paper: The Dagrammatc

More information