In a preceding paper (Montesano, 1999b) a systematic set of definitions on risk and uncertainty aversion was introduced with regard to unidimensional lotteries and acts. Taking into account only the preference preordering over the set of all possible lotteries and acts represented by the certainty equivalent function, many propositions were introduced and demostrated on global and local risk an...

This paper studies the iterative learning control of robotic systems with repetitive tasks. A fuzzy neural network is applied to design a direct adaptive iterative learning controller. The fuzzy neural network is introduced for compensation of the unknown certainty equivalent controller. A new adaptive law using mixed time-domain and iteration-domain adaptation is developed. It is shown that th...

the main purpose of the study is to examine the causal relationship between government revenues and expenditures of the jordan government over the period from 1990 to 2011 using granger causality and vecm tests methodology. which provides channels of causation between government revenues (gr) and government expenditures (ge).the empirical results show that bidirectional causality running betwee...

Real-world constraint problems abound with uncertainty. Problems with incomplete or erroneous data are often simplified at present to tractable deterministic models, or modified using error correction methods, with the aim of seeking a solution. However, this can lead us to solve the wrong problem because of the approximations made, an outcome of little help to the user who expects the right pr...

Experimental economists have discovered various violations of expected utility theory and offered alternative models that can explain laboratory results. This study discovers a new violation in risky choices that cannot be explained by theories like Prospect Theory, Disappointment or Regret Theory. In an experimental setting using a between-subject design, the influence of a dominated alternati...

We consider a game-theoretic power control algorithm in interference limited fading channels, where we propose a distributed (non-cooperative) algorithm to optimize the induced fading outage probability by maximizing the certainty equivalent margin (CEM). We prove that the problem of maximizing CEM is the same (up to an upper bound) as minimizing the induced outage fading probability, and provi...

This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show low or no riskaversion, but put very high value on the opportunity to sell the lottery in every stage of the decision problem. There is evidence that risk attitudes depend on whether they are measured by comparing the certainty equivalent and the expected value of a lottery or ...

We propose directed time series regression, a new approach to estimating parameters of time-series models for use in certainty equivalent model predictive control. The approach combines merits of least squares regression and empirical optimization. Through a computational study involving a stochastic version of a well known inverted pendulum balancing problem, we demonstrate that directed time ...

Two approaches to the analysis of spatial electrocardiographs vectors are currently being used: construction from the conventional ECG leads, and measurements from oscilloscopic recordings of spatial loops. There are seveml fundamental differences between the approaches, and there is no a priori certainty that equivalent or even similar phenomena are being investigated. This study presents a st...