Diagnostic bubbles

We introduce diagnostic expectations into a standard setting of price formation in which investors learn about the fundamental value of an asset and trade it. We study the interaction of diagnostic expectations with two well-known mechanisms: learning from prices and speculation (buying for resale). With diagnostic (but not with rational) expectations, these mechanisms lead to price paths exhibiting three phases: initial underreaction, followed by overshooting (the bubble), and finally a crash. With learning from prices, the model generates price extrapolation as a byproduct of fast moving beliefs about fundamentals, which lasts only as the bubble builds up. When investors speculate, even mild diagnostic distortions generate substantial bubbles

A kilonova associated with GRB 070809

For on-axis typical short gamma-ray bursts (sGRBs), the forward shock emission is usually so bright that renders the identification of kilonovae (also known as macronovae) in the early afterglow ($t<0.5$ d) phase rather challenging. This is why previously no thermal-like kilonova component has been identified at such early time except in the off-axis dim GRB 170817A associated with GW170817. Here we report the identification of an unusual optical radiation component in GRB 070809 at $t\sim 0.47$ d, thanks plausibly to the very-weak/subdominant forward shock emission. The optical emission with a very red spectrum is well in excess of the extrapolation of the X-ray emission that is distinguished by an unusually hard spectrum, which is at odds with the forward shock afterglow prediction but can be naturally interpreted as a kilonova. Our finding supports the speculation that kilonovae are ubiquitous , and demonstrates the possibility of revealing the neutron star merger origin with the early afterglow data of some typical sGRBs that take place well beyond the sensitive radius of the advanced gravitational wave detectors and hence the opportunity of organizing dedicated follow-up observations for events of interest.Comment: 20 pages, 5 figures, published in Nature Astronom

Polarized light ions and spectator nucleon tagging at EIC

An Electron-Ion Collider (EIC) with suitable forward detection capabilities would enable a unique experimental program of deep-inelastic scattering (DIS) from polarized light nuclei (deuterium 2H, helium 3He) with spectator nucleon tagging. Such measurements promise significant advances in several key areas of nuclear physics and QCD: (a) neutron spin structure, by using polarized deuterium and eliminating nuclear effects through on-shell extrapolation in the spectator proton momentum; (b) quark/gluon structure of the bound nucleon at x > 0.1 and the dynamical mechanisms acting on it, by measuring the spectator momentum dependence of nuclear structure functions; (c) coherent effects in QCD, by exploring shadowing in tagged DIS on deuterium at x << 0.1. The JLab MEIC design (CM energy sqrt{s} = 15-50 GeV/nucleon, luminosity ~ 10^{34} cm^{-2} s^{-1}) provides polarized deuterium beams and excellent coverage and resolution for forward spectator tagging. We summarize the physics topics, the detector and beam requirements for spectator tagging, and on-going R&D efforts.Comment: 6 pages, 2 figures. Prepared for proceedings of DIS 2014, XXII. International Workshop on Deep-Inelastic Scattering and Related Subjects, University of Warsaw, Poland, April 28 - May 2, 201

Quantum Topological Excitations: from the Sawtooth Lattice to the Heisenberg Chain

The recently elucidated structure of the delafossite YCuO$_{2.5}$ reveals a Cu-O network with nearly independent $\Delta$ chains having different interactions between the $s=1/2$ spins. Motivated by this result, we study the $\Delta$ chain for various ratios $J_{\rm bb}/J_{\rm bv}$ of the base-base and base-vertex interactions. By exact diagonalization and extrapolation, we show that the elementary excitation spectrum, which (within numerical error) is the same for total spins $S_{\rm tot}=0$ and 1, has a gap only in the interval $0.4874(1) \leq J_{\rm bb}/J_{\rm bv} \leq 1.53(1)$. The gap is dispersionless for $J_{\rm bb}/J_{\rm bv}=1$, but has increasing $k$-dependence as $J_{\rm bb}/J_{\rm bv}$ moves away from unity, related to the instability of dimers in the ground state.Comment: 4 pages, 6 figures (revtex twocolumn

Superconducting Properties of MgB2 Bulk Materials Prepared by High Pressure Sintering

High-density bulk materials of a newly discovered 40K intermetallic MgB2 superconductor were prepared by high pressure sintering. Superconducting transition with the onset temperature of 39K was confirmed by both magnetic and resistive measurements. Magnetization versus field (M-H) curve shows the behavior of a typical Type II superconductor and the lower critical field Hc1(0) estimated from M-H curve is 0.032T. The bulk sample shows good connection between grains and critical current density Jc estimated from the magnetization hysteresis using sample size was 2x104A/cm2 at 20K and 1T. Upper critical field Hc2(0) determined by extrapolating the onset of resistive transition and assuming a dirty limit is 18T.Comment: 3Pages PD

The 2006-2008 Oil Bubble and Beyond

We present an analysis of oil prices in US$ and in other major currencies that diagnoses unsustainable faster-than-exponential behavior. This supports the hypothesis that the recent oil price run-up has been amplified by speculative behavior of the type found during a bubble-like expansion. We also attempt to unravel the information hidden in the oil supply-demand data reported by two leading agencies, the US Energy Information Administration (EIA) and the International Energy Agency (IEA). We suggest that the found increasing discrepancy between the EIA and IEA figures provides a measure of the estimation errors. Rather than a clear transition to a supply restricted regime, we interpret the discrepancy between the IEA and EIA as a signature of uncertainty, and there is no better fuel than uncertainty to promote speculation!Comment: 4 pages; 4 figures, discussion of the oil supply-demand view point and uncertaintie

Optimal Taylor-Couette flow: Radius ratio dependence

Taylor-Couette flow with independently rotating inner (i) and outer (o) cylinders is explored numerically and experimentally to determine the effects of the radius ratio {\eta} on the system response. Numerical simulations reach Reynolds numbers of up to Re_i=9.5 x 10^3 and Re_o=5x10^3, corresponding to Taylor numbers of up to Ta=10^8 for four different radius ratios {\eta}=r_i/r_o between 0.5 and 0.909. The experiments, performed in the Twente Turbulent Taylor-Couette (T^3C) setup, reach Reynolds numbers of up to Re_i=2x10^6$ and Re_o=1.5x10^6, corresponding to Ta=5x10^{12} for {\eta}=0.714-0.909. Effective scaling laws for the torque J^{\omega}(Ta) are found, which for sufficiently large driving Ta are independent of the radius ratio {\eta}. As previously reported for {\eta}=0.714, optimum transport at a non-zero Rossby number Ro=r_i|{\omega}_i-{\omega}_o|/[2(r_o-r_i){\omega}_o] is found in both experiments and numerics. Ro_opt is found to depend on the radius ratio and the driving of the system. At a driving in the range between {Ta\sim3\cdot10^8} and {Ta\sim10^{10}}, Ro_opt saturates to an asymptotic {\eta}-dependent value. Theoretical predictions for the asymptotic value of Ro_{opt} are compared to the experimental results, and found to differ notably. Furthermore, the local angular velocity profiles from experiments and numerics are compared, and a link between a flat bulk profile and optimum transport for all radius ratios is reported.Comment: Submitted to JFM, 28 pages, 17 figure