I. Szelengowicz,1 M. A. Hasan,2 Y. Starosvetsky,3 A. Vakakis,2 and C. Daraio1 1Graduate Aerospace Laboratories, California Institute of Technology, Pasadena, California 91125, USA 2Department of Mechanical Science and Engineering, University of Illinois at Urbana-Champaign, 1206 West Green Street, Urbana, Illinois 61822, USA 3Faculty of Mechanical Engineering, Technion, Israel Institute of Tech...

Accuracy of measurements is defined as the sum of precision (standard deviation) and bias. Unfortunately, this definition is of little use unless bias is independently assessed. In this article, we extend this classical definition of accuracy of measurements to one of estimators obtained through data reconciliation techniques. Connection to gross error robustness measures, defined earlier by th...

The paper analyzes the properties of cores with differential information, as economies converge to complete information. Two core concepts are investigated: the private core, in which agents’ net trades are measurable with respect to agents’ private information, and the incentive compatible core, in which coalitions of agents are restricted to incentive compatible allocations. ∗We wish to thank...

On the incorporation of length scales associated with pearlitic and bainitic microstructures into a visco-plastic self-consistent model D. Canadinc a,∗,1, H. Sehitoglu a,1, H.J. Maier b,2, P. Kurath a,1 a University of Illinois at Urbana-Champaign, Department of Mechanical Science and Engineering, 1206 W. Green Street, Urbana, IL 61801, United States b University of Paderborn, Lehrstuhl f. Werk...

1 Department of Zoology, University of Cambridge, Downing Street, Cambridge CB2 3EJ, United Kingdom. 2 European Bioinformatics Institute (EBI), Wellcome Trust Genome Campus, Hinxton, Cambridge, CB10 1SD, United Kingdom. 3 European Molecular Biology Laboratory (EMBL) Heidelberg, Meyerhofstraße 1, 69117 Heidelberg, Germany 4 MRC Laboratory of Molecular Biology, (LMB-MRC) Hills Road, Cambridge CB2...

Ambiguous private information leads to informational inefficiency of market prices in rational expectations equilibrium. This inefficiency implies lower asset prices as uninformed traders require a premium to hold assets. This premium is increasing in the riskiness of the asset and leads to excess volatility, price swings, and abrupt volatility and illiquidity variation across informational eff...

The current neoclassical synthesis of economic theory does not contain a role for the entrepreneur and entrepreneurial activity. In this paper we argue that such a role can be reintroduced into the economic foundations of strategy by adopting a subjectivist theory of entrepreneurship. A subjectivist theory focuses on individuals (subjects), on their knowledge, capabilities, and resources, and o...