Széchenyi 2020
Budapesti Corvinus Egyetem ×

Department of Operations Research and Actuarial Sciences

About the Department

In both undergraduate and master’s programmes, the Department teaches operations research, optimum calculation, and decision theory subjects, as well as multivariate data analysis and multivariate statistical modelling.
In the master’s programme in Actuarial and Financial Mathematics, we primarily teach actuarial subjects to students of the Actuarial specialization.
Actuaries are professionals who are able to solve problems that occur in the practice of insurance institutions, using mathematical methods. They can use their knowledge in the fields of life and other insurance, the design and operation of pension schemes, and the evaluation of investments.
In the study programme of Economic and Financial Mathematical Analysis, we teach a number of subjects, primarily aimed at students who want to learn and apply processes for formalizing and completing decision-making tasks that occur in corporate and institutional practice; and computer models of decision support; and data analysis.
Corvinus Game Theory Seminar
Seminar Archives 

Events

Corvinus Game Theory seminar

5 Febr, 13:40-15:10 Zsuzsanna Jankó (KRTK, Corvinus): Trading networks with frictions

We show how frictions and continuous transfers jointly affect equilibria in a model of matching in trading networks. Our model incorporates distortionary frictions such as transaction taxes and commissions. When contracts are fully substitutable for firms, competitive equilibria exist and coincide with outcomes that satisfy a cooperative solution concept called trail stability. However, competitive equilibria are generally neither stable nor Pareto-efficient.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

12 Febr, 14-15 Péter Bayer (Toulouse School of Economics): Optimism leads to optimality: Ambiguity in network formation

We analyze a model of endogenous two-sided network formation where players are affected by uncertainty in their opponents’ decisions. We model this uncertainty using the notion of equilibrium under ambiguity (Eichberger and Kelsey, 2014). Unlike the set of Nash equilibria, the set of equilibria under ambiguity does not always include underconnected and thus inefficient networks such as the empty network. On the other hand, it may include networks with unreciprocated, one-way links, which comes with an efficiency loss as linking e orts are costly. We characterize equilibria under ambiguity and provide conditions under which increased player optimism comes with an increase in efficiency in equilibrium. Next, we analyze the dynamic situation with one-sided, myopic updating with regular optimistic shocks and derive a global stability condition of bene t-maximizing equilibrium networks.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

19 Febr, 14-15 Burak Gökgür (Sabanci University): Randomized Pricing of a Storable Packaged Good in the Presence of Consumer Stockpiling

Randomized pricing is a frequently observed practice in online retailing. Strategic customers adjust their purchase quantities and/or time their purchases by taking into account their beliefs about the timing of deals. We study a randomized pricing problem of an online retailer selling a single storable product to two customers segments that are heterogeneous in their product valuations and holding costs. To maximize their utility, these customers can stockpile a product without increasing their consumption. The retailer’s objective is to maximize expected revenue using a randomized pricing strategy that serves as an intertemporal price discrimination mechanism. We study two cases where customers act strategically using endogenously or exogenously set stockpile-up-to levels in response to randomized pricing. We first develop a model for the expected revenue maximization problem when stockpile-up-to levels are endogenous and present a decomposition scheme to effectively find the optimal randomized policy. For the case of exogenously set stockpile-up-to levels, we characterize the retailer’s optimal price randomization strategy with a first-order equation. With a computational study, we shed light on the segments’ attributes that make price randomization an attractive strategy for the retailer. Our analysis indicates that, from the retailer’s viewpoint, price randomization can be an effective alternative to commitment to a single and time-independent price in the presence of segments having similar sizes and marked differences in product valuations. We finally demonstrate that the results are also valid for the case of patient customers that wait to make one-time purchases in anticipation of a lower future price

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

26 Febr, 13:40-15:10 Miklós Pálfia (Sungkyunkwan University / University of Szeged Tudományegyetem)

Firstly we briefly review some available versions of the strong law of large numbers in Banach spaces and nonlinear extensions provided by Sturm in CAT(0) metric spaces. Sturm’s 2001 L^2-result was directly applied to the case of the geometric (also called Karcher) mean of positive matrices, thus it suggests a natural formulation of the law for positive operators. However there are serious obstacles to overcome to prove the law in the infinite dimensional case. We propose to use a recently established gradient flow theory by Lim-P for the Karcher mean of positive operators and a stochastic proximal point approximation to prove the L^1-strong law of large numbers for the Karcher mean in the operator case.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

5 Mar, 14-15 Bas Dietzenbacher (Maastricht University): Fair and Consistent Prize Allocation in Competitions

Given the final ranking of a competition, how should the total prize endowment be allocated among the competitors? We study consistent prize allocation rules satisfying elementary solidarity and fairness principles. In particular, we axiomatically characterize two families of rules satisfying anonymity, order preservation, and endowment monotonicity, which all fall between the Equal Division rule and the Winner-Takes-All rule. Specific characterizations of rules and subfamilies are directly obtained.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

12 Mar, 14-15 Péter Biró (KRTK, Corvinus): Shapley-Scarf Housing Markets: Respecting Improvement, Integer Programming, and Kidney Exchange

In a housing market of Shapley and Scarf, each agent is endowed with one indivisible object and has preferences over all objects. An allocation of the objects is in the (strong) core if there exists no (weakly) blocking coalition. In this paper we show that in the case of strict preferences the unique strong core allocation (or competitive allocation) respects improvement: if an agent’s object becomes more attractive for some other agents, then the agent’s allotment in the unique strong core allocation weakly improves. We obtain a general result in case of ties in the preferences and provide new integer programming formulations for computing (strong) core and competitive allocations. Finally, we conduct computer simulations to compare the game-theoretical solutions with maximum size and maximum weight exchanges for markets that resemble the pools of kidney exchange programmes.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

19 Mar, 14-15 Alexander Nesterov (Higher School of Economics, St.Petersburg): Measuring manipulations in matching markets by counting manipulating agents

Due to various objectives and constraints, many real life matching markets are vulnerable to preference and capacity misreports. A large amount of such “manipulations” poses a serious threat to the success of these markets. To address this issue, numerous matching systems have recently reformed their matching rules. Examples include the entry-level medical labor market in the US, school admissions systems in New York City, Chicago, Denver, Ghana and England. We use a simple method of counting the number of all relevant manipulating agents and show that these reforms reduced the scope of manipulations.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

26 Mar, 13:40-15:10 László Kovács (Corvinus): Performance Testing of Feature Selection Algorithms for Generalized Additive Models

In machine learning, feature selection for generalized additive models (GAMs) is computationally expensive and challenging. This comes from the fact that in GAMs not only the inclusion or exclusion of a feature is a decision point –like in the case of linear models– but the non-linear form of the features that are selected for a given model. The increased complexity for the task means that best subset methods can be computationally expensive even with a feature space of only 8 features.

One of the most important drawbacks of existing methods for GAM feature selection, is the lack of parsimony. The models selected by the existing methods usually have a phenomenon called concurvity. Concurvity occurs when some non-linear terms in a model can be approximated by one or more of the other non-linear terms in the model. In our previous works, we proposed a hybrid genetic-improved harmony search algorithm (Hybrid Algorithm, HA) that applies thin plate splines in order to produce a best subset feature selector that is capable to find concurvity-free models.

Our previous research focused on developing the HA for GAMs and improving its expected runtime through parallelization. Some recent algorithms, like the mRMRe (De Jay et al., 2013) and the block HSIC Lasso (Climente-González et al., 2019) were used as benchmarks. We showed on real world datasets that our proposed HA results in more parsimonious models than the models proposed by the mRMRe and the block HSIC-Lasso algorithms. However, expected runtime of the HA is more substantial than that of the two benchmarks.

In this study, we investigate the performance of the HA against several other feature selection algorithms applied for GAMs. These algorithms can be separated to three clusters. One is the cluster of stepwise methods implemented with the help of Wood (2017) when the GAM applies thin plate splines. The second cluster is for regularization methods such as the COSSO (Lin – Zhang, 2006) and the penalized thin plate splines (Marra – Wood, 2011). The third cluster contains methods that are utilizing popular boosting techniques, like the GAMBoost algorithm (Schmid – Hothorn, 2008) or the Modified Backfitting procedure (Belitz – Lang, 2008). We also apply Recursive Feature Elimination (RFE) combined with a Random Forest learner as a benchmark algorithm that is not based on GAM learners.

The performance of these algorithms against the HA, mRMRe and HSIC-Lasso is tested on two real world datasets. In a smaller database with 8 features we investigate which none-redundant features are most important in predicting comprehensive strength of concrete girders. This dataset is mainly used to fine tune the parameters of the examined algorithms. Next, a more realistic case with 27 features is used. Here, we investigate which features are most significant in predicting the default of credit card clients.

We show that our proposed HA with the application of thin plate splines results in more parsimonious models than the models proposed by the other examined algorithms without having significantly lower predictive performance on a separate test set. Expected runtime are generally better for models proposed by the benchmark algorithms than the HA on a large dataset. However, from our results we can see that the expected runtime of HA is better than that of the GAMBoost and not significantly different than the expected runtime of the RFE combined with Random Forest.

References
Belitz, C., & Lang, S. (2008). Simultaneous selection of variables and smoothing parameters in structured additive regression models. Computational Statistics & Data Analysis, 53(1), 61-81.
Climente-González, H., Azencott, C. A., Kaski, S., & Yamada, M. (2019). Block HSIC Lasso: model-free biomarker detection for ultra-high dimensional data.
Bioinformatics, 35(14), i427-i435.
De Jay, N., Papillon-Cavanagh, S., Olsen, C., El-Hachem, N., Bontempi, G., & Haibe-Kains, B. (2013). mRMRe: an R package for parallelized mRMR ensemble feature selection. Bioinformatics, 29(18), 2365-2368.
Lin, Y., & Zhang, H. H. (2006). Component selection and smoothing in multivariate nonparametric regression. The Annals of Statistics, 34(5),
2272-2297.
Marra, G., & Wood, S. N. (2011). Practical variable selection for generalized additive models. Computational Statistics & Data Analysis, 55(7), 2372-2387.
Schmid, M., & Hothorn, T. (2008). Boosting additive models using component-wise P-splines. Computational Statistics & Data Analysis, 53(2), 298-311.
Wood, S. N. (2017) Generalized Additive Models: An Introduction with R (2nd edition). Chapman and Hall/CRC.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

16 Apr, 14-15 Vito Fragnelli (University of Eastern Piedmont): Minimal winning coalitions and orders of criticality

In this paper, we analyze the order of criticality in simple games, under the light of minimal winning coalitions. The order of criticality of a player in a simple game is based on the minimal number of other players that have to leave so that the player in question becomes pivotal. We show that this definition can be formulated referring to the cardinality of the minimal blocking coalitions or minimal hitting sets for the family of minimal winning coalitions; moreover, the blocking coalitions are related to the winning coalitions of the dual game. Finally, we propose to rank all the players lexicographically accounting for the number of coalitions for which they are critical of each order, and we characterize this ranking using four independent axioms.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

23 Apr, 13:40-15:10 Előd Takáts (Corvinus): Inflation and demography through time

Demography accounts for a large share of low frequency inflation variation in 22 countries from 1870 to 2016. The dependent population (young and old) is associated with higher, and the working age population with lower inflation. The relationship is robust across different sub-samples and specifications, including dynamic Phillips curve settings, suggesting that it is not spurious. A natural experiment involving exogenous population shocks from the two world wars provides further support for the relationship. The observed pattern is broadly consistent with delayed monetary policy responses to demography-induced changes in the natural interest rate.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

30 Apr, 14-15 József Dombi (University of Szeged) / Tamás Jónás (Eötvös Lóránd University): On certain types of monotone measures: the lambda-, the nu-, and the tau-additive measures

In many situations, the traditional additive measures are not sufficient to describe the uncertainty. Therefore, new demands have arisen for non-additive, but monotone (fuzzy) measures. Our lecture is based on our recent research related to the lambda-, nu-, and tau-additive measures, which are all monotone measures. Here, we present the general Poincaré formula for lambda-additive measures and provide new characterizations of belief- and plausibility measures. As a special case, we get the probability measure. We also show how a lambda-additive measure can be derived from a probability measure. Based on this property, the conditional lambda-additive measure can also be deduced. Next, we present the nu-additive measure as an alternatively parameterized lambda-additive measure. Here, we describe how this new measure is connected with the belief-, probability- and plausibility measures. Lastly, we introduce the tau-additive measure as an approximation to the lambda-additive measure.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

7 May, 14-15 Dávid Csercsik (Pázmány University): Quantitative supply security related significance measures for gas reservoires

Investments and developments related to natural gas infrastructure are considered as top priority for every country. The cost of such projects is significant,
typically comparable to the national GDP. The two main aspects taken into account during the planning of natural gas network or reservoir developments are (I) the expected economic benefits of the project, and (II) the potential effects regarding the security of supply.

In contrast to economic analysis, which typically assumes normal operation of the infrastructure, the perspective of supply security focuses on scenarios, when the operation of the infrastructure and the network flows are negatively affected by external factors. The underlying causes may be of technical nature (as failures of pipeline elements or compressor stations), but they may be related to political disputes as well, as in the case of the 2006 and 2009 Ukrainian-Russian gas crises.
In the case of such events, when the consumption of certain network nodes is reduced due to disruptions in the transportation, we may distinguish two important elements in the restoration process. The first is the potential re-routing of gas available from sources already used during the normal operation of the network, and the other is the activation of additional sources as gas reservoires or previously unused LNG terminals in order to mitigate the damage.

Our aim is to develop quantitative methods in order to model the re-routing and reservoir-activation scenarios taking place during the restoration process, and to define quantitative measures for the general supply-security related significance of reservoires of natural gas.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

14 May, 14-15 Roland Molontay (BME): Introducing HSDSLab: How data and network science can help to answer research questions in human and social sciences?

In this talk, I review some recent works of the Human and Social Data Science Lab (HSDSLab). HSDSLab is a newly established research group based in the Institute of Mathematics at the Budapest University of Technology and Economics. HSDSLab conducts both methodology oriented basic research in data and network science and applied research with a human-centred and societal focus. The talk will revolve around two main topics: (1) Social network analysis and (2) Educational data science. As a tribute to the achievements of the network science community in the past 20 years, I provide a bibliographic analysis and investigate the co-authorship network of network scientists to identify how the network science community has been evolving over time. I present our findings on the popularity of memes based on a content-based predictive analysis using memes from the Reddit social media site. Moreover, I also sketch some data-driven research projects from the educational domain: including identifying students at risk of dropping out using explainable artificial intelligence; assessing the predictive validity of the admission system, and quantifying the impact of interventions.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

21 May, 14-15 Péter Vida (CY Cergy Paris Université): Designing Interrogations

We provide an equilibrium model of interrogations with two-sided asymmetric information. The suspect knows his status as guilty or innocent and the likely strength of law enforcers’ evidence, which is informative about the suspect’s status and may also disprove lies. We study the evidence strength standards for interrogating and for drawing adverse inferences from silence that minimize prosecution errors. We consider scenarios where interrogations can be delegated. We describe the optimal mechanism under full commitment and a dynamic interrogation with two-sided information revelation implementing the optimum in equilibrium.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

Archives

2020/21/1

18 Sept, 14-15 Balázs Sziklai (Corvinus, KRTK): Influence maximization on social networks: testing proxy-based algorithms

We devise a testing framework to rank proxy-based influence maximisation algorithms. Earlier works compare these algorithms by calculating their top choices on a given network, then checking which set fares better in a diffusion simulation. In real-life applications, however, the top choices of these algorithms might be unaccessible for various reasons. Consequently, we have to choose our spreaders from a different set that might not contain any highly ranked agents at all. There is no guarantee that a proxy that is better at predicting the performance of the most popular agents will be equally successful for an arbitrary group of individuals. This calls for a systematic test, and in this paper, we provide one with the help of a novel statistical method, the Sum of Ranking Differences. For demonstration, we use the real-life social network, iWiW and a classical diffusion model, the Linear Threshold. The final ranking of the proxies is remarkably different from what we obtain by examining the performance of their top choices. The results highlight that the standard test alone is an inadequate predictor of performance and SRD should be a necessary, if not the primary tool for ranking proxies

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

25 Sept, 16-17 Justin Toth (Univ. of Waterloo): A General Framework For Computing the Nucleolus Via Dynamic Programming

In a cooperative game when the problem of computing the minimum excess coalition for a given allocation can be formulated as a dynamic program we show that the nucleolus can be computed in time polynomial in the size of the dynamic program. This gives a general technique for designing efficient algorithms for computing the nucleolus of a cooperative game. This technique is inspired by a recent result of Pashkovich on weighted voting games. However, our technique significantly extends beyond the capabilities of previous work. We demonstrate this by applying it to give an algorithm for computing the nucleolus of b-matching games in polynomial time on graphs of bounded treewidt

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

2 Oct Economic Modelling Meeting (Pécs)

9 Oct, 14-15 Franziska Holz (DIW, Berlin): Freedom Gas to Europe? Scenario Analyses with the Global Gas Model

When sanctioning construction works on the Russian offshore natural gas pipeline Nordstream 2 to Germany in late 2019, U.S. President Trump has drawn attention to the United States’ own natural gas exports.The United States of America started exporting liquefied natural gas (LNG) over the world’s seas only a few years ago. LNG export capacities and trade flows have increased at high speed since 2016. Observers have wondered whether the U.S. sanctions on Nordstream2 were in fact meant at supporting U.S. LNG exports. We shed some light on the role of U.S. LNG for Europe and analyze the impact of several politically motivated scenarios with a country level, global oligopolistic gas market model. We focus on EU importsand consumption and prices and discuss ripple effects throughout global markets.
Our Base Case to 2050 is calibrated to IEA World Energy Outlook (2018) and PRIMES European Reference Scenario (2016). In addition, we define three LNG support policy scenarios that we name after the mainpromoters of national gas policies: “Trump” assumes U.S. policies of Nordstream 2 sanctions and financial support to LNG shipments to Europe, “Altmaier” and “Jinping” assume financial support to LNG import terminals in Germany and China, respectively. In addition,the “Putin” scenario involves a total and lasting boycott of Russian exports to Europe.
We find that the interconnectedness of global gas markets through abundant LNG import capacity both in Europe and other regions – namely in Asia – allows for adjustments of global trade patterns that mitigatethe consequences of regional disturbances. Neither Chinese nor German subsidies on regasification terminals nor moderate financial support of US LNG exports affect aggregate EU consumption levels in a significant way. Only a Russian boycott or large subsidieson US LNG exports have a discernable effect. In any year, compared to the Base Case, EU consumption varies not more than between -5% and +3%, and average prices by -5% to +10% only.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

16 Oct, 13:40-15:10 Péter Biró, Márton Gyetvai (KRTK, Corvinus MSM Institute): Online voluntary mentoring: Optimising the assignment of students and mentors

Our talk will have two parts. First, we give an introduction to optimisation in two-sided matching markets by giving details also on practical results in different applications, such as the Hungarian university admission scheme. Then we present a novel application for allocating voluntary mentors to students. After the closure of the schools in Hungary from March 2020 due to the pandemic, many students were left at home with no or not enough parental help for studying, and, in the meantime some people had more free time and willingness to help others in need during the lockdown. In this paper we describe the optimisation aspects of a joint NGO project for allocating voluntary mentors to students using a web-based coordination mechanism. Our goal has been to form optimal pairs and study groups by taking into the preferences and the constraints of the participants. We present the optimisation concept, the integer programming techniques used, and some simulation results conducted on real and generated datasets.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

6 Nov, 14-15 Marina Núñez (Univ. de Barcelona): Stable cores in information graph games

In an information graph situation, some agents that are connected by an undirected graph can share with no cost some information or technology that can also be obtained from a source. If an agent is not connected to an informed player, this agent pays a unitary cost to obtain this technology. A coalitional cost game can be defined from this situation, and the core of this game is known to be non- empty. We prove that the core of an information graph game is a von Neumann-Morgenstern stable set if and only if the graph is cycle- complete, or equivalently if the information graph game is concave. When the graph is not cycle-complete, whether there always exists a stable set is an open question. In this regard, we show that if the information graph consists of a ring that contains the source, then a stable set always exists and it is the core of a related information graph situation where one edge has been deleted.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

13 Nov, 13:40-15:10 Attila Tasnádi (Corvinus MSM Institute): Calculating and characterizing the eigenvector centrality measure based Eigenfactor score (EF) and Scimago Journal Rank indicator (SJR)

There are many ways of measuring the influence of scientific journals. We will survey most of these measures but in this talk we will focus on two important measures of journal impact (EF and SJR) both employing a similar algorithm to the PageRank algorithm. We will explain in detail how these indicators are computed and provide axiomatic characterizations to underline their employments. Finally, we will discuss where and how these indicators are applied, and speak in general about journal and university rankings.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

20 Nov, 14-15 Aleksei Y. Kondratev (National Research University Higher School of Economics, Saint Petersburg, Russia): How should we score athletes and candidates: geometric scoring rules

We study how to rank candidates based on individual rankings via positional scoring rules. Each position in each individual ranking is worth a certain number of points; the total sum of pointsdetermines the aggregate ranking. Our selection principle is consistency: once one of the candidates is removed, we want the aggregate ranking to remain intact. This principle is crucial whenever the set of the candidates might change and the remaining rankingguides our actions: whom should we interview if our first choice got a better offer? Who gets the cup once the previous winner is convicted of doping? Which movie should a group watch if everyone already saw the recommender system’s first choice? Will addinga spoiler candidate rig the election?Unfortunately, no scoring rule is completely consistent, but there are weaker notions of consistency we can use. There are scoring rules which are consistent if we add or remove a unanimouswinner — such as an athlete with suspiciously strong results. Likewise, consistent for removing or adding a unanimous loser — such as a spoiler candidate in an election. While extremely permissive individually, together these two criteria pin down a one-parameterfamily with the geometric sequence of scores. These geometric scoring rules include Borda count, generalised plurality (medal count), and generalised antiplurality (threshold rule) as edge cases, and we provide elegant new axiomatisations of these rules. Finally,we demonstrate how the one-parameter formulation can simplify the selection of suitable scoring rules for particular scenarios.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

26-27 Nov Annual Financial Market Liquidity Conference

4 Dec, 13:40-15:10 Gyula Vastag (Corvinus MSM Institute): Sources of Competitive Advantage: Lessons I Learned

The presentation is a broad-brush summary of the overarching theme of my research with cherry-picking the latest and/or best papers. Briefly, using examples from my papers I attempt to show that sustainable competitive advantage, to a great extent, can be explained with soft, infrastructural factors that present the hardest barriers to imitation. Additionally, and informally, relying on my academic experience in Hungary, in the United States and in Europe, I offer three lessons for consideration for those who are willing to consider them.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

11 Dec, 14-15 Herbert Hamers (Tilburg University): On coloring games

In this presentation, we present an overview of the characterization of properties of several classes of coloring games in terms of the underlying graph.
First, we discuss the class of minimum coloring games introduced by Deng et al. (1999). Here totally balancedness, existence of PMAS and submodularity are characterized by perfect graphs, 2K2P4 -free graphs and complete r-partite graphs, respectively (cf. Deng et al. (2000), Hamers et al. (2014), Okamoto (2003)).
Second, we discuss the class of weighted minimum coloring games introduced by Hamers et al. (2019). Here global (local) totally balancedness and global (local) submodularity are characterized by perfect graphs (any graph) and complete r-partite graphs (2K2P4 -free graphs), respectively.
Finally, we discuss the class of multiple player coloring games introduced in Hamers et al. (2020). Here we present some preliminary results.

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Deng, X., Ibaraki, T., Nagamochi, H., 1999. Algorithmic aspects of the core of combinatorial optimization games. Mathematics of Operations Research 24(3), 751–766.
Deng, X., Ibaraki, T., Nagamochi, H., Zang, W., 2000. Totally balanced combinatorial optimization games. Mathematical Programming 87, 441–452.
Hamers, H., Miquel, S., Norde, H., 2014. Monotonic stable solutions for minimum coloring games. Mathematical Programming 145, 509–529.
Hamers, H., Horozoglu, N., Norde, H., Tornoe Platz, T. On totally balanced, submodular and PMAS-admissible weighted minimum coloring games (submitted).
Hamers, H., Miquel, S., Norde, H., Obadi, S. On submodular multiple minimum coloring games (in preparation).
Okamoto, Y., 2003. Submodularity of some classes of the combinatorial optimization games. Mathematical Methods of Operations Research 58(1), 131–139.

If you wish to receive a link for the zoom meeting on the day of the event, please send an email to Tamás Solymosi (tamas dot solymosi at uni dash corvinus dot hu)

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GEN.:2021.08.05. - 10:31:20