The purpose of this paper is to marry the two concepts of multiple model adaptive control and safe adaptive control. In its simplest form, multiple model adaptive control involves a supervisor switching among one of a "nite number of controllers as more is learnt about the plant, until one of the controllers is "nally selected and remains unchanged. Safe adaptive control is concerned with ensur...

The question of efficiency of market organization is an important one in economics. When theoretical results suggest the dominance of auctions, empirical studies present more mitigated results putting forward that the global efficiency depends on agents' characteristics and market environment. The Boulogne s/mer fish market is organized in a particular way. Both buyers and sellers can daily cho...

The ability to switch between tasks is critical for animals to behave according to context. Although the association between the prefrontal cortex and task switching has been well documented, the ultimate modulation of sensory-motor associations has yet to be determined. Here, we modeled the results of a previous study showing that task switching can be accomplished by communication from distin...

We consider a risk-sensitive optimization of consumption-utility on an infinite time horizon where the one-period investment gain depends underlying economic state whose evolution over is assumed to be described by discrete-time, finite-state, Markov chain. suppose that production function also sequence independent and identically distributed (i.i.d.) random shocks. For sake generality, utility...