This paper presents a new model of probabilistic binary choice under risk. In this model, a decision maker always satisfies first-order stochastic dominance. If neither lottery stochastically ...
The probabilistic bisection algorithm (PBA) solves a class of stochastic rootfinding problems in one dimension by successively updating a prior belief on the location of the root based on noisy ...
In engineering design, the traditional “deterministic” modelling approach assumes fixed values for loads, material properties ...
You’ve heard of qubits, now get ready for p-bits! These units form the building blocks of probabilistic computers that can solve certain problems more efficiently than traditional computers. A team of ...
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