One of the most general frameworks for phrasing control problems for complex, redundant robots is operational-space control. However, while this framework is of essential importance for robotics and well understood from an analytical point of view, it can be prohibitively hard to achieve accurate control in the face of modeling errors, which are inevitable in complex robots (e.g. humanoid robot...

Ambiguous beliefs may lead to speculative trade and speculative bubbles. We demonstrate this by showing that the classical Harrison and Kreps (1978) example of speculative trade among agents with heterogeneous beliefs can be replicated with agents having common ambiguous beliefs. More precisely, we show that the same asset prices and pattern of trade can be obtained in equilibrium with agents’ ...