Vassar College Digital Library

Institutional Repository

Vassar College's institutional repository reflects the research and scholarly output of the Vassar College community.  It provides access to many collections, including a variety of senior theses and projects from disciplines ranging from American Culture to Urban Studies. 

In early 2022 Vassar College Libraries moved the institutional repository from Digital Window to the Vassar College Digital Library. This new method of access is a work in progress and will be officially launched in June 2022. The original Digital Window will remain accessible through July 1, 2022. 

Armstrong's Axioms and Navigation Strategies

Publication Date
2018-February-02
Document Type
Department or Program
Abstract

The paper investigates navigability with imperfect information. It shows that the properties of navigability with perfect recall are exactly those captured by Armstrong's axioms from database theory. If the assumption of perfect recall is omitted, then Armstrong's transitivity axiom is...

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Convergence among the U.S. states: Absolute, conditional, or club?

Publication Date
2003-October-01
Document Type
Department or Program
Abstract

This paper attempts to ascertain which of the convergence hypotheses – absolute, conditional, or club – best describes the economic development of the U.S. states since 1950. We use regression tree analysis to identify convergence clubs among the states and...

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Everyone knows that someone knows: quantifiers over epistemic agents

Publication Date
2018-January-01
Document Type
Department or Program
Abstract

Modal logic S5 is commonly viewed as an epistemic logic that captures the most basic properties of knowledge. Kripke proved a completeness theorem for the first-order modal logic S5 with respect to a possible worlds semantics. A multiagent version of...

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Information Flow under Budget Constraints

Publication Date
2018-February-26
Document Type
Department or Program
Abstract

Although first proposed in the database theory as properties of functional dependencies between attributes, Armstrong's axioms capture general principles of information flow by describing properties of dependencies between sets of pieces of information. This article generalizes Armstrong's axioms to a...

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Lighthouse principle for diffusion in social networks

Publication Date
2018-January-01
Document Type
Department or Program
Abstract

The article investigates an influence relation between two sets of agents in a social network. It proposes a logical system that captures propositional properties of this relation valid in all threshold models of social networks with the same structure. The...

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Limited arbitrage, segmentation, and investor heterogeneity: Why the law of one price so often fails

Publication Date
2003-August-28
Document Type
Authors
Department or Program
Abstract

There are numerous examples of assets with identical payout streams being priced differently. These violations of the law of one price result from two factors. First, investors have heterogeneous asset valuations so that if two groups of investors trade in...

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Limited arbitrage, segmentation, and investor heterogeneity: Why the law of one price so often fails

Publication Date
2003-August-28
Document Type
Department or Program
Abstract

There are numerous examples of assets with identical payout streams being priced differently. These violations of the law of one price result from two factors. First, investors have heterogeneous asset valuations so that if two groups of investors trade in...

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Second-Order Know-How Strategies

Publication Date
2018-July-10
Document Type
Department or Program
Abstract

The fact that a coalition has a strategy does not mean that the coalition knows what the strategy is. If the coalition knows the strategy, then such a strategy is called a know-how strategy of the coalition. The paper proposes...

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Strategic Coalitions with Perfect Recall

Publication Date
2018-February-02
Document Type
Department or Program
Abstract

The paper proposes a bimodal logic that describes an interplay between distributed knowledge modality and coalition know-how modality. Unlike other similar systems, the one proposed here assumes perfect recall by all agents. Perfect recall is captured in the system by...

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The option value of patent litigation: Theory and evidence

Publication Date
2003-December-01
Document Type
Authors
Department or Program
Abstract

In this paper I present a real options model of patent litigation when patents are not perfectly enforceable. I consider both finite horizon and infinite horizon models. The theoretical results demonstrate that patent value depends not only on the underlying...

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The portfolio allocation effects of investor sentiment about the ability of managers to beat the market

Publication Date
2003-February-03
Document Type
Department or Program
Abstract

I present a model that can transform discounts on closed-end mutual funds into a measure of investor sentiment about the ability of fund managers to beat the market. This measure of sentiment varies positively with capital flows into actively managed...

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