Defining bad news: Changes in return distribution that decrease risky asset demand

We provide a random variable characterization of the necessary and sufficient conditions for a shift of the distribution of rate of return on the risky asset in the two asset portfolio problem to reduce demand for all risk--averse expected utility maximizing investors. We provide random variable characterizations of the shifts that reduce both demand and expected utility for all risk--averse investors and a random variable characterization of shifts in the payoff of the market portfolio that reduce the equilibrium price of the market portfolio and make all risk--investors worse off.

Turn-by-Turn Imaging of the Transverse Beam Profile in PEP-II

During injection or instability, the transverse profile of an individual bunch in a storage ring can change significantly in a few turns. However, most synchrotron-light imaging techniques are not designed for this time scale. We have developed a novel diagnostic that enhances the utility of a fast gated camera by adding, inexpensively, some features of a dual-axis streak camera, in order to watch the turn-by-turn evolution of the transverse profile, in both x and y. The beam's elliptical profile is reshaped using cylindrical lenses to form a tall and narrow ellipse—essentially the projection of the full ellipse onto one transverse axis. We do this projection twice, by splitting the beam into two paths at different heights, and rotating the ellipse by 90° on one path. A rapidly rotating mirror scans these vertical “pencils” of light horizontally across the photocathode of the camera, which is gated for 3 ns on every Nth ring turn. A single readout of the camera captures 100 images, looking like a stroboscopic photograph of a moving object. We have observed the capture of injected charge into a bunch and the rapid change of beam size at the onset of a fast instability

Importance of weighting high-resolution proxy data from bivalve shells to avoid bias caused by sample spot geometry and variability in seasonal growth rate

Shells of bivalve mollusks serve as archives for past climates and ecosystems, and human-environmental interactions as well as life history traits and physiology of the animals. Amongst other proxies, data can be recorded in the shells in the form of element chemical properties. As demonstrated here with measured chemical data (10 elements) from 12 Arctica islandica specimens complemented by numerical simulations, mistakes during sclerochronological data processing can introduce significant bias, adding a further source of error to paleoenvironmental or biological reconstructions. Specifically, signal extraction from noisy LA-ICP-MS (Laser Ablation—Inductively Coupled Plasma—Mass Spectrometry) data generated in line scan mode with circular LA spots requires a weighted rather than an arithmetic moving average. Otherwise, results can be in error by more than 41%. Furthermore, if variations of seasonal shell growth rate remain unconsidered, arithmetic annual averages of intra-annual data will be biased toward the fast-growing season of the year. Actual chemical data differed by between 3.7 and 33.7% from weighted averages. Numerical simulations not only corroborated these findings, but indicated that arithmetic annual means can overestimate or underestimate the actual environmental variable by nearly 40% relative to its seasonal range. The magnitude and direction of the error depends on the timing and rate of both seasonal shell growth and environmental change. With appropriate spatial sampling resolution, weighting can reduce this bias to almost zero. On average, the error reduction attains 80% at a sample depth of 10, 92% when 20 samples were analyzed and nearly 100% when 100 samples were taken from an annual increment. Under some exceptional, though unrealistic circumstances, arithmetic means can be superior to weighted means. To identify the presence of such cases, a numerical simulation is advised based on the shape, amplitude and phase relationships of both curves, i.e., seasonal shell growth and the environmental quantity. To assess the error of the offset induced by arithmetic averaging, Monte Carlo simulations should be employed and seasonal shell growth curves randomly generated based on observed variations

Symplectic geometry of entanglement

We present a description of entanglement in composite quantum systems in terms of symplectic geometry. We provide a symplectic characterization of sets of equally entangled states as orbits of group actions in the space of states. In particular, using Kostant-Sternberg theorem, we show that separable states form a unique Kaehler orbit, whereas orbits of entanglement states are characterized by different degrees of degeneracy of the canonical symplectic form on the complex projective space. The degree of degeneracy may be thus used as a new geometric measure of entanglement and we show how to calculate it for various multiparticle systems providing also simple criteria of separability. The presented method is general and can be applied also under different additional symmetry conditions stemming, eg. from the indistinguishability of particles.Comment: LaTex, 31 pages, typos correcte

Pediatric Feeding Disorder: Consensus Definition and Conceptual Framework

Pediatric feeding disorders (PFDs) lack a universally accepted definition. Feeding disorders require comprehensive assessment and treatment of 4 closely related, complementary domains (medical, psychosocial, and feeding skill-based systems and associated nutritional complications). Previous diagnostic paradigms have, however, typically defined feeding disorders using the lens of a single professional discipline and fail to characterize associated functional limitations that are critical to plan appropriate interventions and improve quality of life. Using the framework of the World Health Organization International Classification of Functioning, Disability, and Health, a unifying diagnostic term is proposed: “Pediatric Feeding Disorder” (PFD), defined as impaired oral intake that is not age-appropriate, and is associated with medical, nutritional, feeding skill, and/or psychosocial dysfunction. By incorporating associated functional limitations, the proposed diagnostic criteria for PFD should enable practitioners and researchers to better characterize the needs of heterogeneous patient populations, facilitate inclusion of all relevant disciplines in treatment planning, and promote the use of common, precise, terminology necessary to advance clinical practice, research, and health-care policy

Enhancing Cardiac Rehabilitation With Stress Management Training

BACKGROUND: Cardiac rehabilitation (CR) is the standard of care for patients with coronary heart disease. Despite considerable epidemiological evidence that high stress is associated with worse health outcomes, stress management training (SMT) is not included routinely as a component of CR. METHODS AND RESULTS: One hundred fifty-one outpatients with coronary heart disease who were 36 to 84 years of age were randomized to 12 weeks of comprehensive CR or comprehensive CR combined with SMT (CR+SMT), with assessments of stress and coronary heart disease biomarkers obtained before and after treatment. A matched sample of CR-eligible patients who did not receive CR made up the no-CR comparison group. All participants were followed up for up to 5.3 years (median, 3.2 years) for clinical events. Patients randomized to CR+SMT exhibited greater reductions in composite stress levels compared with those randomized to CR alone (P=0.022), an effect that was driven primarily by improvements in anxiety, distress, and perceived stress. Both CR groups achieved significant, and comparable, improvements in coronary heart disease biomarkers. Participants in the CR+SMT group exhibited lower rates of clinical events compared with those in the CR-alone group (18% versus 33%; hazard ratio=0.49; 95% confidence interval, 0.25-0.95; P=0.035), and both CR groups had lower event rates compared with the no-CR group (47%; hazard ratio=0.44; 95% confidence interval, 0.27-0.71; P<0.001). CONCLUSIONS: CR enhanced by SMT produced significant reductions in stress and greater improvements in medical outcomes compared with standard CR. Our findings indicate that SMT may provide incremental benefit when combined with comprehensive CR and suggest that SMT should be incorporated routinely into CR. CLINICAL TRIAL REGISTRATION: URL: http://www.clinicaltrials.gov. Unique identifier: NCT00981253

Thermal rearrangement of thiocarbonyl-stabilised triphenylphosphonium ylides leading to (Z)-1-diphenylphosphino-2-(phenylsulfenyl)alkenes and their coordination chemistry

While thiocarbonyl-stabilised phosphonium ylides generally react upon flash vacuum pyrolysis by extrusion of Ph3PS to give alkynes in an analogous way to their carbonyl-stabilised analogues, two examples with a hydrogen atom on the ylidic carbon are found to undergo a quite different process. The net transfer of a phenyl group from P to S gives (Z)-configured 1-diphenylphosphino-2-(phenylsulfenyl)alkenes in a novel isomerisation process via intermediate λ5-1,2-thiaphosphetes. These prove to be versatile hemilabile ligands with a total of seven complexes prepared involving five different transition metals. Four of these have been characterised by X-ray diffraction with two involving the bidentate ligand forming a five-membered ring metallacycle and two with the ligand coordinating to the metal only through phosphorus.Publisher PDFPeer reviewe

The Demographics and Atmospheres of Giant Planets with the ELTs

Gas giants are the most readily detectable exoplanets but fundamental questions about their system architectures, formation, migration, and atmospheres have been unanswerable with the current generation of ground- and space-based facilities. The dominant techniques to detect and characterize giant planets $-$ radial velocities, transits, direct imaging, microlensing, and astrometry $-$ are each isolated to a limited range of planet masses, separations, ages, and temperatures. These windows into the arrangement and physical properties of giant planets have spawned new questions about the timescale and location of their assembly; the distributions of planet mass and orbital separation at young and old ages; the composition and structure of their atmospheres; and their orbital and rotational angular momentum architectures. The ELTs will address these questions by building bridges between these islands of mass, orbital distance, and age. The angular resolution, collecting area, all-sky coverage, and novel instrumentation suite of these facilities are needed to provide a complete map of the orbits and atmospheric evolution of gas giant planets (0.3$-$10 $M_\mathrm{Jup}$) across space (0.1$-$100 AU) and time (1 Myr to 10 Gyr). This white paper highlights the scientific potential of the GMT and TMT to address these outstanding questions, with a particular focus on the role of direct imaging and spectroscopy of large samples of giant planets that will soon be made available with $Gaia$.Comment: White paper for the Astro2020 decadal surve