Basie cCoucept Boolean algebra (Logic algebra) is closure mathematical system that defines a series of logic operation (and, or, not) performed on set k of variables (a, b,...) which can only have two values of 0 or 1
Positional Number System Number system use positional notation to represent value. The position of the character(numeral) in a character string (collection of possible numerals) indicate value as well as the character itself. Radix (base) is the number of numeral characters in the character set of positional number system. Position Weiaht is a constant that represents the value of a position. Different position has different weight. It is the integer power of radix
These notes essentially tie up a few loose ends in Lecture 8; in particular, I exhibit examples of inefficiencies in first- and second-price auctions. I would also like to briefly comment on Questions 1 and 2 in Problem Set 2
Recall the following definitions: in any model M=(Q, (Ti, ai, piie), Ri is the event Player i is rational\;R=nieN Ri. Also, Bi(E) is the event \Player i is certain that E is true\ and B(E)=neN Bi(E). This is as in Lecture