Borel singularities at small x

D.I.S. at small Bjorken $x$ is considered within the dipole cascade formalism. The running coupling in impact parameter space is introduced in order to parametrize effects that arise from emission of large size dipoles. This results in a new evolution equation for the dipole cascade. Strong coupling effects are analyzed after transforming the evolution equation in Borel ($b$) space. The Borel singularities of the solution are discussed first for the universal part of the dipole cascade and then for the specific process of D.I.S. at small $x$. In the latter case the leading infrared renormalon is at $b=1/\beta_0$ indicating the presence of $1/Q^2$ power corrections for the small-$x$ structure functions.Comment: 5 pages, Latex (Talk presented at DIS'97, Chicago, IL

Power Corrections and the Gaussian Form of the Meson Wave Function

The wave function of a light pseudoscalar meson is considered and nonperturbative corrections as signaled by perturbation theory are calculated. Two schemes are used, the massive gluon and the running coupling scheme. Both indicate the presence of leading power corrections of ${\cal O}(b^2)$, whose exponentiation leads to a Gaussian dependence of the wave function on the impact parameter $b$. The dependence of this correction on the light cone energy fractions of the quark and the antiquark is discussed and compared with other models for the meson

An operator expansion for the elastic limit

A leading twist expansion in terms of bi-local operators is proposed for the structure functions of deeply inelastic scattering near the elastic limit $x \to 1$, which is also applicable to a range of other processes. Operators of increasing dimensions contribute to logarithmically enhanced terms which are supressed by corresponding powers of $1-x$. For the longitudinal structure function, in moment ($N$) space, all the logarithmic contributions of order $\ln^k N/N$ are shown to be resummable in terms of the anomalous dimension of the leading operator in the expansion.Comment: 9 pages, 1 figure, uses REVTEX 3.1 and axodra

Wide-angle elastic scattering and color randomization

Baryon-baryon elastic scattering is considered in the independent scattering (Landshoff) mechanism. It is suggested that for scattering at moderate energies, direct and interchange quark channels contribute with equal color coefficients because the quark color is randomized by soft gluon exchange during the hadronization stage. With this assumption, it is shown that the ratio of cross sections $R_{\overline{p} p/ p p}$ at CM angle $\theta = 90^0$ decreases from a high energy value of R_{\pbar p / pp} \approx 1/2.7, down to R_{\pbar p / pp} \approx 1/28, compatible with experimental data at moderate energies. This sizable fall in the ratio seems to be characteristic of the Landshoff mechanism, in which changes at the quark level have a strong effect precisely because the hadronic process occurs via multiple quark scatterings. The effect of color randomization on the angular distribution of proton-proton elastic scattering and the cross section ratio $R_{np/pp}$ is also discussed.Comment: 18 pages, latex2e, 4 uuencoded figures, include

The resummation of inter-jet energy flow for gaps-between-jets processes at HERA

We calculate resummed perturbative predictions for gaps-between-jets processes and compare to HERA data. Our calculation of this non-global observable needs to include the effects of primary gluon emission (global logarithms) and secondary gluon emission (non-global logarithms) to be correct at the leading logarithm (LL) level. We include primary emission by calculating anomalous dimension matrices for the geometry of the specific event definitions and estimate the effect of non-global logarithms in the large $N_c$ limit. The resulting predictions for energy flow observables are consistent with experimental data.Comment: 31 pages, 4 figures, 2 table

New anomalous trajectory in Regge theory

We show that a new Regge trajectory with \alpha_{f_1} (0) \approx 1 and slope \alpha_{f_1}'(0) \approx 0 explains the features of hadron-hadron scattering and photoproduction of the rho and phi mesons at large energy and momentum transfer. This trajectory with quantum numbers P = C = +1 and odd signature can be considered as a natural partner of the Pomeron which has even signature. The odd signature of the new exchange leads to contributions to the spin-dependent cross sections, which do not vanish at large energy. The links between the anomalous properties of this trajectory, the axial anomaly and the flavor singlet axial vector f_1 (1285) meson are discussed.Comment: 20 pages, REVTeX, 8 figures (9 eps files), version to appear in Phys. Rev.

Financial diversification before modern portfolio theory: UK financial advice documents in the late nineteenth and the beginning of the twentieth century

The paper offers textual evidence from a series of financial advice documents in the late nineteenth century and the early twentieth century of how UK investors perceived of and managed risk. In the world’s largest financial centre of the time, UK investors were familiar with the concept of correlation and financial advisers’ suggestions were consistent with the recommendations of modern portfolio theory in relation to portfolio selection strategies. From the 1870s, there was an increased awareness of the benefits of financial diversification - primarily putting equal amounts into a number of different securities - with much of the emphasis being on geographical rather than sectoral diversification and some discussion of avoiding highly correlated investments. Investors in the past were not so naïve as mainstream financial discussions suggest today

Measuring Parton Densities in the Pomeron

We present a program to measure the parton densities in the pomeron using diffractive deep inelastic scattering and diffractive photoproduction, and to test the resulting parton densities by applying them to other processes such as the diffractive production of jets in hadron-hadron collisions. Since QCD factorization has been predicted NOT to apply to hard diffractive scattering, this program of fitting and using parton densities might be expected to fail. Its success or failure will provide useful information on the space-time structure of the pomeron.Comment: Contains revisions based on Phys. Rev. D referee comments. RevTeX version 3, epsf, 31 pages. Uuencoded compressed postscript figures appended. Uncompressed postscript files available at ftp://ftp.phys.psu.edu/pub/preprint/psuth136

Dijet Rapidity Gaps in Photoproduction from Perturbative QCD

By defining dijet rapidity gap events according to interjet energy flow, we treat the photoproduction cross section of two high transverse momentum jets with a large intermediate rapidity region as a factorizable quantity in perturbative QCD. We show that logarithms of soft gluon energy in the interjet region can be resummed to all orders in perturbation theory. The resummed cross section depends on the eigenvalues of a set of soft anomalous dimension matrices, specific to each underlying partonic process, and on the decomposition of the scattering according to the possible patterns of hard color flow. We present a detailed discussion of both. Finally, we evaluate numerically the gap cross section and gap fraction and compare the results with ZEUS data. In the limit of low gap energy, good agreement with experiment is obtained.Comment: 37 pages, Latex, 17 figure