Attraction to Chance in Germany and Australia. An experimental study of cultural differences

This paper explores cultural differences in risky choices between Australian and German students. The focus is not on risk itself, but on tension which is a positive attribute of risky choices. Furthermore, the effects of real versus hypothetical payoffs are analysed. The experiment of this paper shows that in a given set of tension creating choices, Australians do choose tension more often than Germans, while Germans prefer higher tension. Additionally it is shown that real payoffs do make a difference in the data, but the real payoff even increases the effect.

Spin effects in hard exclusive electroproduction of mesons

In this talk various spin effects in hard exclusive electroproduction of mesons are briefly reviewed. The data are discussed in the light of recent theoretical calculations within the frame work of the handbag approach.Comment: 11 pages, 12 figures, using Latex, talk presented at the conference in honor of Prof. A. Efremov's 75th birthday held at Trento, July, 200

Mixing and Decay Constants of Pseudoscalar Mesons: The Sequel

We present further tests and applications of the new eta-eta' mixing scheme recently proposed by us. The particle states are decomposed into orthonormal basis vectors in a light-cone Fock representation. Because of flavor symmetry breaking the mixing of the decay constants can be identical to the mixing of particle states at most for a specific choice of this basis. Theoretical and phenomenological considerations show that the quark flavor basis has this property and allows, therefore, for a reduction of the number of mixing parameters. A detailed comparison with other mixing schemes is also presented.Comment: 9 page

Loss Aversion for time: An experimental investigation of time preferences

This paper investigates decisions about inter-temporal tradeoffs. The objective of the study is to explore the valuation of time itself without tradeoffs between time and consequences. In an experimental study subjects made decisions about waiting time, where the time was subject to risk. We find that subjects are risk-seeking for decisions about time, which leads to the conclusion that waiting time is experienced as a loss. Subjects in this experiment show similar choice patters as can be seen in studies about money when losses are involved.

The St. Petersburg Paradox despite risk-seeking preferences: An experimental study

The St. Petersburg is one of the oldest violations of expected utility theory. Thus far, explanations of the paradox aim at small probabili- ties being perceived as zero and the boundedness of utility. This paper provides experimental results showing that neither risk attitudes nor perception of small probabilities explain the paradox. We nd that even in situations where subjects are risk-seeking, the St. Petersburg Paradox exists. This indicates that the paradox lies at the very core of human decision-making processes and cannot be explained by the parameters discussed in previous research so far.

The Relevance of Irrelevant Alternatives: An experimental investigation of risky choices

Experimental economists have discovered various violations of expected utility theory and offered alternative models that can explain laboratory results. This study discovers a new violation in risky choices that cannot be explained by theories like Prospect Theory, Disappoint- ment or Regret Theory. In an experimental setting using a between- subject design, the influence of a dominated alternative on certainty equivalents is shown. One group of subjects was offered a series of choices between a lottery ticket with a 50-50 chance of winning and a sure payoff. A second group was offered the same choice plus a third alternative, that as it turned out was not chosen by any participant. As a result, the average chosen sure payoff in the second group was higher than in the first group. That means, by adding a dominated alternative to a choice set, the certainty equivalent of a lottery is in- creased.

Ising magnets with mobile defects

Motivated by recent experiments on cuprates with low-dimensional magnetic interactions, a new class of two-dimensional Ising models with short-range interactions and mobile defects is introduced and studied. The non-magnetic defects form lines, which, as temperature increases, first meander and then become unstable. Using Monte Carlo simulations and analytical low- and high-temperature considerations, the instability of the defect stripes is monitored for various microscopic and thermodynamic quantities in detail for a minimal model, assuming some of the couplings to be indefinitely strong. The robustness of the findings against weakening the interactions is discussed as well

Nova Aquilae 1918 (V603 Aql) Faded by 0.44 mag/century from 1938-2013

We present the light curve of the old nova V603 Aql (Nova Aql 1918) from 1898-1918 and 1934-2013 using 22,721 archival magnitudes. All of our magnitudes are either in, or accurately transformed into, the Johnson $B$ and $V$ magnitude systems. This is vital because offsets in old sequences and the visual-to-$V$ transformation make for errors from 0.1-1.0 magnitude if not corrected. Our V603 Aql light curve is the first time that this has been done for any nova. Our goal was to see the evolution of the mass accretion rate on the century time scale, and to test the long-standing prediction of the Hibernation model that old novae should be fading significantly in the century after their eruption is long over. The 1918 nova eruption was completely finished by 1938 when the nova decline stopped, and when the star had faded to fainter than its pre-nova brightness of $B=11.43 \pm 0.03$ mag. We find that the nova light from 1938-2013 was significantly fading, with this being seen consistently in three independent data sets (the Sonneberg plates in $B$, the AAVSO $V$ light curve, and the non-AAVSO $V$ light curve). We find that V603 Aql is declining in brightness at an average rate of $0.44 \pm 0.04$ mag per century since 1938. This work provides remarkable confirmation of an important prediction of the Hibernation model.Comment: 13 pages, 1 figure, 2 electronic online data tables, Accepted for publication ApJLet