Logical, mechanical and historical time in economics

Within the economic theory different notions of time imply alternative analytical structures. This article discusses and rejects the methodological dichotomy between ‘temporal’ and ‘a-temporal’ models (equilibrium and disequilibrium models) in economics. Different notions of time are identified –logical, mechanical and historical time- which enable to specify corresponding sequential methods and to address different questions within the economic theory. Some analytical implications are examined. In the light of the proposed methodological distinction different theories of the rate of interest are evaluated and new light is thrown on the important debate on finance which arose in the ‘30s among Keynes, Robertson and representatives of the Swedish School (Ohlin).Time and causality in economics; Keynes,Robertson and the Swedish School on finance

On Logical Depth and the Running Time of Shortest Programs

The logical depth with significance $b$ of a finite binary string $x$ is the shortest running time of a binary program for $x$ that can be compressed by at most $b$ bits. There is another definition of logical depth. We give two theorems about the quantitative relation between these versions: the first theorem concerns a variation of a known fact with a new proof, the second theorem and its proof are new. We select the above version of logical depth and show the following. There is an infinite sequence of strings of increasing length such that for each $j$ there is a $b$ such that the logical depth of the $j$th string as a function of $j$ is incomputable (it rises faster than any computable function) but with $b$ replaced by $b+1$ the resuling function is computable. Hence the maximal gap between the logical depths resulting from incrementing appropriate $b$'s by 1 rises faster than any computable function. All functions mentioned are upper bounded by the Busy Beaver function. Since for every string its logical depth is nonincreasing in $b$, the minimal computation time of the shortest programs for the sequence of strings as a function of $j$ rises faster than any computable function but not so fast as the Busy Beaver function.Comment: 12 pages LaTex (this supercedes arXiv:1301.4451

Bisimulations and Logical Characterizations on Continuous-time Markov Decision Processes

In this paper we study strong and weak bisimulation equivalences for continuous-time Markov decision processes (CTMDPs) and the logical characterizations of these relations with respect to the continuous-time stochastic logic (CSL). For strong bisimulation, it is well known that it is strictly finer than CSL equivalence. In this paper we propose strong and weak bisimulations for CTMDPs and show that for a subclass of CTMDPs, strong and weak bisimulations are both sound and complete with respect to the equivalences induced by CSL and the sub-logic of CSL without next operator respectively. We then consider a standard extension of CSL, and show that it and its sub-logic without X can be fully characterized by strong and weak bisimulations respectively over arbitrary CTMDPs.Comment: The conference version of this paper was published at VMCAI 201

McTaggart's Argument for the Unreality of Time: A Temporal Logical Analysis

An examination of McTaggart’s [1908] argument for the unreality of time

Protected gates for topological quantum field theories

We study restrictions on locality-preserving unitary logical gates for topological quantum codes in two spatial dimensions. A locality-preserving operation is one which maps local operators to local operators --- for example, a constant-depth quantum circuit of geometrically local gates, or evolution for a constant time governed by a geometrically-local bounded-strength Hamiltonian. Locality-preserving logical gates of topological codes are intrinsically fault tolerant because spatially localized errors remain localized, and hence sufficiently dilute errors remain correctable. By invoking general properties of two-dimensional topological field theories, we find that the locality-preserving logical gates are severely limited for codes which admit non-abelian anyons; in particular, there are no locality-preserving logical gates on the torus or the sphere with M punctures if the braiding of anyons is computationally universal. Furthermore, for Ising anyons on the M-punctured sphere, locality-preserving gates must be elements of the logical Pauli group. We derive these results by relating logical gates of a topological code to automorphisms of the Verlinde algebra of the corresponding anyon model, and by requiring the logical gates to be compatible with basis changes in the logical Hilbert space arising from local F-moves and the mapping class group.Comment: 50 pages, many figures, v3: updated to match published versio