Performance Properties Sample Clauses

Performance Properties. To measure the performance of the different parties in the negotiation, a number of different properties from the literature (e.g., [13], [14]) are included in the library: • Negotiator Final Utility: a number between 0 and 1, indicating the negotiator’s utility for the final bid in the negotiation (i.e., the bid that both parties agreed upon). The higher the utility, the higher the satisfaction of the negotiator. A high (but < 1) number does not mean that the negotiator could not have performed better. Furthermore, the utility of the one does not give any information about the utility of the other. • Pareto Distance: a number between 0 and √2, indicating the shortest distance from the final bid in the negotiation to the Pareto Efficient Frontier. The Pareto Efficient Frontier (PEF) is the set of bids for which there exists no better bid for both parties, see e.g., [13]. Let xi (respectively yi) be the utility of negotiator X (respectively Y) for bid bi. The distance d(b1, b2) between bids b1 and b2 is defined
Sample 1
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Performance Properties. The results with respect to the performance of the negotiators in Experiment 1 are shown in Table 1. The first row contains the mean outcomes over all 9 HH traces. The second row contains the mean outcomes over all 9 CC traces. To test whether the differences between these two means were significant, paired t-tests have been performed, of which the results are shown in the last two rows. For example, the first column states that in the HH traces, the mean utility of the buyer was 0.87, that in the CC traces, the mean utility of the buyer was 0.88, but that this difference was not significant (t=0.38, p<0.717). Table 1. Performance in Experiment 1 Buyer Utility Seller Utility Pareto Distance Xxxx Distance EPP Distance Number of rounds HH traces 0.87 0.80 0.05 0.22 0.16 7.00 CC traces 0.88 0.89 0.03 0.12 0.06 8.00 t-value 0.376 2.807 -0.786 -3.988 -3.463 1.540 p-value 0.717 0.023 0.455 0.004 0.009 0.146 As can be seen in the table, the results in the second, fourth and fifth column are significant. Thus, the following conclusions can safely be drawn from the experiments: • the seller’s mean utility was significantly higher in the CC traces than in the HH traces (t=2.81, p<0.023) • the mean Xxxx Distance was significantly shorter in the CC traces than in the HH traces (t=-3.99, p<0.004) • the mean EPP Distance was significantly shorter in the CC traces than in the HH traces (t=-3.46, p<0.009) • with respect to the other properties, there was no significant difference between the HH traces and the CC traces
Sample 1
Performance Properties. The results with respect to the performance of the negotiators in Experiment 2 are shown in Table 3. The first row indicates the mean outcomes over all 38 HC traces, the second row indicates the mean outcomes over all 38 CC traces, and the last two rows show the results of the paired t-tests.
Sample 1

Related to Performance Properties

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  • Compensation The Depositor shall receive at the times set forth in Sections 3.05, 3.18, 3.23 and 4.03 as compensation for performing portfolio supervisory services, bookkeeping and administrative expenses and evaluation services, such amount and for such periods as specified the Prospectus and/or Reference Trust Agreement. The compensation for providing portfolio supervisory services, bookkeeping and administrative expenses and evaluation services shall be made on the basis of the largest number of units outstanding at any time during the period for which such compensation is being computed. At no time, however, will the total amount received by the Depositor for services rendered to all series of Guggenheim Defined Portfolios in any calendar year exceed the aggregate cost to them of supplying such services in such year. Such rate may be increased by the Trustee from time to time, without the consent or approval of any Unitholder, or the Depositor, by amounts not exceeding the proportionate increase during the period from the date of such Prospectus and/or Reference Trust Agreement to the date of any such increase, in consumer prices as published either under the classification "All Services Less Rent" in the Consumer Price Index published by the United States Department of Labor or, IF such Index is no longer published, a similar index. In the event that any amount of the compensation paid to the Depositor pursuant to Sections 3.05, 3.18 and 3.23 and 4.03 is found to be an improper charge against a Trust, the Depositor shall reimburse the Trust in such amount. An improper charge shall be established if a final judgment or order for reimbursement of the Trust shall be rendered against the Depositor and such judgment or order shall not be effectively stayed or a final settlement is established in which the Depositor agrees to reimburse the Trust for amounts paid to the Depositor pursuant to this Section 7.05.

  • Force Majeure If by reason of Force Majeure, either party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement then such party shall give notice and full particulars of Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause relied upon, and the obligation of the party giving such notice, so far as it is affected by such Force Majeure, shall be suspended during the continuance of the inability then claimed, except as hereinafter provided, but for no longer period, and such party shall endeavor to remove or overcome such inability with all reasonable dispatch. Choice of Law The Agreement between the Vendor and TIPS/ESC Region 8 and any addenda or other additions resulting from this procurement process, however described, shall be governed by, construed and enforced in accordance with the laws of the State of Texas, regardless of any conflict of laws principles. Venue, Jurisdiction and Service of Process Any Proceeding arising out of or relating to this procurement process or any contract issued by TIPS resulting from or any contemplated transaction shall be brought in a court of competent jurisdiction in Camp County, Texas and each of the parties irrevocably submits to the exclusive jurisdiction of said court in any such proceeding, waives any objection it may now or hereafter have to venue or to convenience of forum, agrees that all claims in respect of the Proceeding shall be heard and determined only in any such court, and agrees not to bring any proceeding arising out of or relating to this procurement process or any contract resulting from or any contemplated transaction in any other court. The parties agree that either or both of them may file a copy of this paragraph with any court as written evidence of the knowing, voluntary and freely bargained for agreement between the parties irrevocably to waive any objections to venue or to convenience of forum. Process in any Proceeding referred to in the first sentence of this Section may be served on any party anywhere in the world. Venue for any dispute resolution process, other than litigation, between TIPS and the Vendor shall be located in Camp or Xxxxx County, Texas.

  • Taxes The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Representations and Warranties Borrower represents and warrants as follows:

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Agreement The parties agree as follows:

  • Further Assurances Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

  • General The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its corporate trust office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be open to inspection by any Unit holder of such Trust at all reasonable times during the usual business hours. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulations thereunder.

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