This paper briefly reviews the state of the art in artificial intelligence including inductive and deductive methods. Deep learning and ensemble machine learning lie in inductive methods while automated reasoning implemented in deductive computer languages (Prolog, Otter, and Z3) is based on deductive methods. In the inductive methods, intelligence is inferred by pseudorandom number for creating the sophisticated decision trees in Go (game), Shogi (game), and quiz bowl questions. This paper demonstrates how to wisely use the pseudorandom number for solving coin-weighing puzzles with the deductive method. Monte Carlo approach is a general purpose problem-solving method using random number. The proposed method using pseudorandom number lies in one of Monte Carlo methods. In the proposed method, pseudorandom number plays a key role in generating constrained solution candidates for coin-weighing puzzles. This may be the first attempt that every solution candidate is solely generated by pseudorandom number while deductive rules are used for verifying solution candidates. In this paper, the performance of the proposed method was measured by comparing with the existing open source codes by solving 12-coin and 24-coin puzzles respectively.

Considering that a fair coin has two sides and a cylindrical edge, the probability that it would fall on its edge is calculated, yielding the probability of heads or tails less than 50%. Theoretical models for a static case and for five dynamic cases, without and with rebounds, show that there is a small probability that the coin does not fall on its head or tail, depending on initial toss conditions, the coin geometry and conditions of the coin and landing surfaces. For the dynamic model with rebounds, it is found that the probability that a 50 Eurocent coin thrown from a normal height with common initial velocity conditions and appropriate surface conditions will end up on its edge is in the order of one against several thousand.

This study explores the determinants of ICO success, where success is defined as the amount of capital a project was able to raise. ICOs are a tool for startups in the blockchain ecosystem to raise early capital with relative ease. The market for ICOs has grown at a rapid pace since its start in 2013. We analyze a unique dataset of 278 projects that finished their ICOs by August 2017 to assess determinants of funding success that we derive from the crowdfunding and venture capital literature. Our results show that ICOs exhibit similarities to classical crowdfunding and venture capital markets. Specifically, we identify resemblances in determinants of funding success regarding human capital characteristics, business model quality, project elaboration and social media activity.