{"id":1164,"date":"2012-11-15T21:51:20","date_gmt":"2012-11-15T21:51:20","guid":{"rendered":"https:\/\/www.ise.ufl.edu\/cao\/?page_id=1164"},"modified":"2025-03-14T10:42:18","modified_gmt":"2025-03-14T15:42:18","slug":"important-dates","status":"publish","type":"page","link":"https:\/\/ise.ufl.edu\/cao\/dis2013\/important-dates\/","title":{"rendered":"Important Dates and Information"},"content":{"rendered":"

Home<\/a>\u00a0\u00a0 \u00a0 \u00a0\u00a0Abstract Submission<\/a>\u00a0\u00a0 \u00a0\u00a0\u00a0Information<\/a>\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0Accommodation<\/a>\u00a0\u00a0 \u00a0 \u00a0\u00a0Organizers<\/a><\/p>\n

The most important contributions to the conference will be published in a\u00a0book (Springer Proceedings in Mathematics)<\/strong>. For selected publications of past conferences, please see the following links:<\/p>\n

    \n
  1. http:\/\/www.springer.com\/mathematics\/applications\/book\/978-1-4419-5688-0<\/a><\/li>\n
  2. http:\/\/www.springer.com\/mathematics\/applications\/book\/978-1-4614-3905-9<\/a><\/li>\n
  3. http:\/\/www.amazon.com\/Cooperative-Control-Optimization-Applied\/dp\/1402005490<\/a><\/li>\n<\/ol>\n

    Plenary Speakers<\/strong><\/p>\n

      \n
    • Dr. Roman Belavkin
      \nSchool of Engineering and Information Sciences
      \nMiddlesex University, England
      \nTitle:\u00a0Utility, Risk and<\/strong>\u00a0Information<\/strong>
      \nAbstract:\u00a0\u00a0\u00a0Mathematical theory of optimal decisions under uncertainty is based on the idea of maximisation of the expected utility functional over a set of lotteries. \u00a0This view appears natural for mathematicians, who consider these lotteries as probability measures on some common algebra of events, and linear structure of the space of measures leads to the celebrated in game theory result of von Neumann and Morgenstern about the existence of a linear or affine objective functional — the expected utility. \u00a0Behavioural economists and psychologists, on the other hand, have demonstrated that people consistently violate the axioms of expected utility, and this includes professional risk-takers such as stockbrokers. \u00a0These phenomena and paradoxes lead to the development of descriptive theories of decisions, such as the prospect theory, which uses an S-shaped ‘non-expected’ utility functional with concave and convex branches explaining respectively the risk-averse and risk-taking behaviour of human decision-makers. \u00a0Although successful in behavioural economics, these theories have not convinced mathematicians or engineers, because the non-linear properties did not follow naturally from any mathematical principles. \u00a0In this talk I will show how this non-linearity is introduced if, apart from utility, one also considers information amount that a decision-maker receives. \u00a0The utility of information is an optimal value function that is constructed by combining the expected utility and information functionals, and it has concave and convex branches corresponding precisely to those of the S-shaped function of the prospect theory. \u00a0Furthermore, we show that these properties are independent of the way the information functional is defined. \u00a0The fact that utility of information affects the optimal decision-making strategy is not only interesting for the purpose of explaining some paradoxes of behavioural economics, but it suggests that information constraints and information dynamics should be taken more broadly into account in optimisation systems and their applications.
      \n<\/strong><\/li>\n
    • Dr. My T. Thai
      \nComputer and Information Science and Engineering
      \nUniversity of Florida<\/li>\n<\/ul>\n
        \n
      • Dr. Viktor Zamaraev
        \nNational Research University Higher School of Economics, Russia<\/li>\n<\/ul>\n

        Important Dates<\/strong><\/p>\n

        December 15th: Early Registration
        \nFebruary 15th: Abstract Submission
        \nFebruary 15th: Late Registration<\/p>\n

        Registration Fee<\/strong><\/p>\n

        <\/strong>Early Registration Fee: 400$
        \nLate Registration Fee: 500$<\/p>\n","protected":false},"excerpt":{"rendered":"

        Home\u00a0\u00a0 \u00a0 \u00a0\u00a0Abstract Submission\u00a0\u00a0 \u00a0\u00a0\u00a0Information\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0Accommodation\u00a0\u00a0 \u00a0 \u00a0\u00a0Organizers The most important contributions to the conference will be published in a\u00a0book (Springer Proceedings in Mathematics). For selected publications of past conferences, please see the following links: http:\/\/www.springer.com\/mathematics\/applications\/book\/978-1-4419-5688-0 http:\/\/www.springer.com\/mathematics\/applications\/book\/978-1-4614-3905-9 http:\/\/www.amazon.com\/Cooperative-Control-Optimization-Applied\/dp\/1402005490 Plenary Speakers Dr. Roman Belavkin School of Engineering and Information Sciences Middlesex University, England Title:\u00a0Utility, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"parent":1127,"menu_order":2,"comment_status":"closed","ping_status":"open","template":"page-templates\/page-sidebar-none.php","meta":{"_acf_changed":false,"inline_featured_image":false,"featured_post":"","footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-1164","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/ise.ufl.edu\/cao\/wp-json\/wp\/v2\/pages\/1164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ise.ufl.edu\/cao\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ise.ufl.edu\/cao\/wp-json\/wp\/v2\/types\/page"}],"replies":[{"embeddable":true,"href":"https:\/\/ise.ufl.edu\/cao\/wp-json\/wp\/v2\/comments?post=1164"}],"version-history":[{"count":1,"href":"https:\/\/ise.ufl.edu\/cao\/wp-json\/wp\/v2\/pages\/1164\/revisions"}],"predecessor-version":[{"id":3281,"href":"https:\/\/ise.ufl.edu\/cao\/wp-json\/wp\/v2\/pages\/1164\/revisions\/3281"}],"up":[{"embeddable":true,"href":"https:\/\/ise.ufl.edu\/cao\/wp-json\/wp\/v2\/pages\/1127"}],"wp:attachment":[{"href":"https:\/\/ise.ufl.edu\/cao\/wp-json\/wp\/v2\/media?parent=1164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}