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This paper analyses the contract between an entrepreneur and an investor, using a non-zero sum game in which the entrepreneur is interested in company survival and the investor in maximizing expected net present value. Theoretical results are given and the model's usefulness is exemplified using simulations. We have observed that both the entrepreneur and the investor are better off under a contract which involves repayments and a share of the start-up company. We also have observed that the entrepreneur will choose riskier actions as the repayments become harder to meet up to a level where the company is no longer able to survive. [ABSTRACT FROM AUTHOR]

The purpose of this paper is to present an analysis of the difficulties faced by students when working with different representations of vectors, planes and their intersections in $\mathbb {R}^{3}$. Duval's theoretical framework on semiotic representations is used to design a set of evaluating activities, and later to analyze student work. The analysis covers three groups of undergraduate students taking introductory courses in linear algebra. Different types of treatments and conversions are required to solve the activities. One important result shows that, once students choose a register to solve a task, they seldom make transformations between different registers, even though this facilitates solving the task at hand. Identifying these difficulties for particular transformations may help teachers design specific activities to promote students cognitive flexibility between representation registers. [ABSTRACT FROM AUTHOR]