16,060 research outputs found

    The Asset Market Game

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    This paper models asset markets as a game where assets pay according to an arbitrary payoff matrix,investors decide on fractions of wealth to allocate to each asset,and prices result from market clearing. The only pure-strategy Nash equilibrium is to split wealth proportionally to the assets´expected returns, which can be interpreted as investing according to the fundamentals. Further, the equilibrium is evolutionarily stable in the sense of Schaffer (1988). We also study the stability properties of the equilibrium in an evolutionary dynamics where wealth flows with higher probability into those strategies that obtain higher realized payoffs.

    The Evolutionary Logic of Feeling Small

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    In a (generalized symmetric aggregative game, payoffs depend only on individual strategy and an aggregate of all strategies. Players behaving as if they were negligible would optimize taking the aggregate as given. We provide evolutionary and dynamic foundations for such behavior when the game satisfies supermodularity conditions. The results obteined are also useful to characterize evolutionarily stable strategies in a finite population.

    2-matrix versus complex matrix model, integrals over the unitary group as triangular integrals

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    We prove that the 2-hermitean matrix model and the complex-matrix model obey the same loop equations, and as a byproduct, we find a formula for Itzykzon-Zuber's type integrals over the unitary group. Integrals over U(n) are rewritten as gaussian integrals over triangular matrices and then computed explicitly. That formula is an efficient alternative to the former Shatashvili's formula.Comment: 29 pages, Late

    The evolution of wealth transmission in human populations: a stochastic model

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    Reproductive success and survival are influenced by wealth in human populations. Wealth is transmitted to offsprings and strategies of transmission vary over time and among populations, the main variation being how equally wealth is transmitted to children. Here we propose a model where we simulate both the dynamics of wealth in a population and the evolution of a trait that determines how wealth is transmitted from parents to offspring, in a darwinian context.Comment: 5 pages, 3 figure

    Effects of Bose-Einstein Condensation on forces among bodies sitting in a boson heat bath

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    We explore the consequences of Bose-Einstein condensation on two-scalar-exchange mediated forces among bodies that sit in a boson gas. We find that below the condensation temperature the range of the forces becomes infinite while it is finite at temperatures above condensation.Comment: 10 pages, 2 figure

    Tipificació de dos noms Cavanillesians, Galium Fruticescens (Rubiaceae) i Scorzonera pumila (Compositae)

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    The Cavanillesian names Galium fruticescens and Scorzonera pumila, basionym of Launaea pumila, are lectotypified from original specimens preserved in the Cavanilles herbarium in the Royal Botanic Garden of Madrid (MA).Els noms cavanillesians Galium fruticescens i Scorzonera pumila, basiònim de Launaea pumila, són lectotipificats a partir d’espècimens que pertanyen al material original de l’autor conservat a l’herbari del Reial Jardí Botànic de Madrid (MA)

    Magnetism in Dense Quark Matter

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    We review the mechanisms via which an external magnetic field can affect the ground state of cold and dense quark matter. In the absence of a magnetic field, at asymptotically high densities, cold quark matter is in the Color-Flavor-Locked (CFL) phase of color superconductivity characterized by three scales: the superconducting gap, the gluon Meissner mass, and the baryonic chemical potential. When an applied magnetic field becomes comparable with each of these scales, new phases and/or condensates may emerge. They include the magnetic CFL (MCFL) phase that becomes relevant for fields of the order of the gap scale; the paramagnetic CFL, important when the field is of the order of the Meissner mass, and a spin-one condensate associated to the magnetic moment of the Cooper pairs, significant at fields of the order of the chemical potential. We discuss the equation of state (EoS) of MCFL matter for a large range of field values and consider possible applications of the magnetic effects on dense quark matter to the astrophysics of compact stars.Comment: To appear in Lect. Notes Phys. "Strongly interacting matter in magnetic fields" (Springer), edited by D. Kharzeev, K. Landsteiner, A. Schmitt, H.-U. Ye

    First record of the mangrove palm Nypa from the northeastern Ebro Basin, Spain : with taphonomic criteria to evaluate the drifting duration

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    Fossil fruits pertaining to the mangrove palm genus Nypa Steck, (Arecaceae, Arecales) were collected from a new plant-bearing assemblage in the Arguis Formation (Fm.), northeastern Ebro Basin (Arguis, Huesca Province, Spain). This formation is Bartonian to early Priabonian in age and comprises pro-delta and carbonate platform deposits. The new assemblage consists of nine specimens of fossil Nypa fruits and one monocotyledon leaf fragment. Over half of these fossil fruits are nearly-complete (i.e. with preserved mesocarps) while the other represent endocarps. From the point of view of morphology and size they resemble other European records of this genus. The type of remain preserved (fruits or endocarps), presence of abrasion, Teredo borings and sedimentary facies provide criteria to infer contrasting lengths of transport (drifting). However, they indicate in all cases that these fossil fruits were afloat in seawater for a considerable time. The discovery of Nypa fruits suggests a tropical-subtropical climate in the area, as well as the presence of a coastal environment and littoral forests during deposition. This interpretation corroborates previous findings from the nearby Eocene outcrops of the Catalan Central Depression (Eastern Pyrenees range)
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