We use a controlled laboratory setting to experimentally examine the role of auditing and market-based-governance in restraining managerial expropriation and inaccurate financial reporting. Managerial expropriation is broadly defined as the enabling of all actions that opportunistically transfer wealth from investors to managers through understatement of realizable income. Similarly, auditing i...

Newly synthesised proteins need to fold, often to intricate and close-packed structures, in order to function. The underlying mechanism by which this complex process takes place both in vitro and in vivo is now becoming understood, at least in general terms, as a result of the application of a wide range of biophysical and computational methods used in combination with the techniques of biochem...

It is well acknowledged that stent implantation causes abnormal stretch and strains on the arterial wall, which contribute to the formation and progression of restenosis. However, the experimental characterization of the strain field on the stented vessel is scant. In this work, the balloon-expandable stent implantation inside an artery analogue was captured through two high-speed CCD cameras. ...

Near infrared spectroscopy (NIRS) is regarded as a potential medical diagnostic technique for investigation of hemodynamic changes. However, uncertainties pertaining to the origin of NIRS signals have hampered its clinical interpretation. The uncertainities in NIRS measurements especially in case of living tissues are due to lack of rigorous combined theoretical-experimental studies resulting i...

In this project, investigation of stress concentration factor is carried out. Some specimens with edge notches, multiple edge notches, and holes are fabricated. While two specimens are hand sawed to produce edge cracks. The stress concentration factor (K) value is compared between the theoretical values found in standard K value chart with our experimental results. Effect of multiple notches is...

Contest theory has been used in Industrial Organization to describe phenomena like R&D races, or efforts to defend a monopoly position. When pricing behavior is constrained by regulators, competition can also take the form of a contest. This paper reports on an experimental test of the effects of asymmetry in the Tullock contest success function. Both the simultaneousmove and sequential-move fr...

We experimentally study decentralized organizational learning. Our objective is to understand how learning members of an organization cope with the confounding effects of the simultaneous learning of others. We test the predictions of a stylized, rational agent model of organizational learning that provides sharp predictions as to how learning members of an organization might cope with the simu...

Achieving the fast mixing requirements posed by the chemical, biological, and life science community for confined microchannel flows remains an engineering challenge. The viscous and surface tension forces that dominate conventional micro-flows undermine fast, efficient mixing. By increasing the collisional velocity of reagent droplets, inertia can be exploited to increase mixing rates. This pa...

There have been few studies on a cognitive model for algorithm understanding in a human-computer cooperative situation. In the present study, we conducted an experiment with participants to investigate the cognitive process of higher level abstraction (algorithm understanding) performed in a humancomputer collaboration task. The most recently used (MRU) algorithm, known to be one of the simples...

Cross-validation is a widespread method for assessing the generalisation ability of a model in order to tune a regularisation parameter or other hyper-parameters of a learning process. The use of cross-validation requires to set yet an additional parameter, the split ratio. Few texts have investigated theoretically the asymptotic setting of this ratio, and no consensus has emerged. In this cont...