Educational loans and attitudes towards risk

We explore the relationship between willingness to take financial risk and the probability of taking out a loan for educational purposes as well as the influence of risk attitudes on the size of the loan using data drawn from the U.S. Survey of Consumer Finances. The findings suggest a positive relationship between individuals’ willingness to take financial risk and the probability of taking out a loan for educational purposes. Similarly, individuals’ willingness to take financial risk appears to be an important determinant of the size of the educational loan. The findings suggest that non-white individuals and individuals from less wealthy backgrounds are less likely to finance education through loans which could potentially increase inequalities in education and income if such individuals are deterred from investing in human capital

Cosmic Rays Induced Background Radiation on Board of Commercial Flights

The aim of this work is to determine the total integrated flux of cosmic radiation which a commercial aircraft is exposed to along specific flight trajectories. To study the radiation background during a flight and its modulation by effects such as altitude, latitude, exposure time and transient magnetospheric events, we perform simulations based on Magnetocosmics and CORSIKA codes, the former designed to calculate the geomagnetic effects on cosmic rays propagation and the latter allows us to simulate the development of extended air showers in the atmosphere. In this first work, by considering the total flux of cosmic rays from 5 GeV to 1 PeV, we obtained the expected integrated flux of secondary particles on board of a commercial airplane during the Bogot\'a-Buenos Aires trip by point-to-point numerical integration.Comment: 5 pages, 2 figures, Proceedings X SILAFAE Medellin-2014. To appear in Nuclear Physics B - Proceedings Supplement

Cosmological perturbations in coherent oscillating scalar field models

The fact that fast oscillating homogeneous scalar fields behave as perfect fluids in average and their intrinsic isotropy have made these models very fruitful in cosmology. In this work we will analyse the perturbations dynamics in these theories assuming general power law potentials $V(\phi)=\lambda \vert\phi\vert^{n}/n$. At leading order in the wavenumber expansion, a simple expression for the effective sound speed of perturbations is obtained $c_{\text{eff}}^2 = \omega=(n-2)/(n+2)$ with $\omega$ the effective equation of state. We also obtain the first order correction in $k^2/\omega_{\text{eff}}^2$, when the wavenumber $k$ of the perturbations is much smaller than the background oscillation frequency, $\omega_{\text{eff}}$. For the standard massive case we have also analysed general anharmonic contributions to the effective sound speed. These results are reached through a perturbed version of the generalized virial theorem and also studying the exact system both in the super-Hubble limit, deriving the natural ansatz for $\delta\phi$; and for sub-Hubble modes, exploiting Floquet's theorem.Comment: 13 pages, 6 figures. Published on JHE

Isotropy theorem for cosmological Yang-Mills theories

We consider homogeneous non-abelian vector fields with general potential terms in an expanding universe. We find a mechanical analogy with a system of N interacting particles (with N the dimension of the gauge group) moving in three dimensions under the action of a central potential. In the case of bounded and rapid evolution compared to the rate of expansion, we show by making use of a generalization of the virial theorem that for arbitrary potential and polarization pattern, the average energy-momentum tensor is always diagonal and isotropic despite the intrinsic anisotropic evolution of the vector field. We consider also the case in which a gauge-fixing term is introduced in the action and show that the average equation of state does not depend on such a term. Finally, we extend the results to arbitrary background geometries and show that the average energy-momentum tensor of a rapidly evolving Yang-Mills fields is always isotropic and has the perfect fluid form for any locally inertial observer.Comment: 8 pages, 3 figure

Isotropy theorem for arbitrary-spin cosmological fields

We show that the energy-momentum tensor of homogeneous fields of arbitrary spin in an expanding universe is always isotropic in average provided the fields remain bounded and evolve rapidly compared to the rate of expansion. An analytic expression for the average equation of state is obtained for Lagrangians with generic power-law kinetic and potential terms. As an example we consider the behavior of a spin-two field in the standard Fierz-Pauli theory of massive gravity. The results can be extended to general space-time geometries for locally inertial observers.Comment: 4 pages, 0 figures. Published on JCA

Optical spin transfer in ferromagnetic semiconductors

Circularly polarized laser pulses that excite electron-hole pairs across the band gap of (III,Mn)V ferromagnetic semiconductors can be used to manipulate and to study collective magnetization dynamics. The initial spin orientation of a photocarrier in a (III,V) semiconductors is determined by the polarization state of the laser. We show that the photocarrier spin can be irreversibly transferred to the collective magnetization, whose dynamics can consequently be flexibly controlled by suitably chosen laser pulses. As illustrations we demonstrate the feasibility of all optical ferromagnetic resonance and optical magnetization reorientation.Comment: 8 pages, 3 figure

Current Induced Order Parameter Dynamics: Microscopic Theory Applied to Co/Cu/Co spin valves

Transport currents can alter alter order parameter dynamics and change steady states in superconductors, in ferromagnets, and in hybrid systems. In this article we present a scheme for fully microscopic evaluation of order parameter dynamics that is intended for application to nanoscale systems. The approach relies on time-dependent mean-field-theory, on an adiabatic approximation, and on the use of non-equilibrium Greens function (NEGF) theory to calculate the influence of a bias voltage across a system on its steady-state density matrix. We apply this scheme to examine the spin-transfer torques which drive magnetization dynamics in Co/Cu/Co spin-valve structures. Our microscopic torques are peaked near Co/Cu interfaces, in agreement with most previous pictures, but suprisingly act mainly on Co transition metal $d$-orbitals rather than on $s$-orbitals as generally supposed.Comment: 9 pages, 5 figure