Valuation Perspectives and Decompositions for Variable Annuities with GMWB riders

The guaranteed minimum withdrawal benefit (GMWB) rider, as an add on to a variable annuity (VA), guarantees the return of premiums in the form of peri- odic withdrawals while allowing policyholders to participate fully in any market gains. GMWB riders represent an embedded option on the account value with a fee structure that is different from typical financial derivatives. We consider fair pricing of the GMWB rider from a financial economic perspective. Particular focus is placed on the distinct perspectives of the insurer and policyholder and the unifying relationship. We extend a decomposition of the VA contract into components that reflect term-certain payments and embedded derivatives to the case where the policyholder has the option to surrender, or lapse, the contract early.Comment: 18 pages, proof of Lemma A.1 expanded for clarit

The deconfining phase transition in SU(N) gauge theories

We report on our ongoing investigation of the deconfining phase transition in SU(4) and SU(6) gauge theories. We calculate the critical couplings while taking care to avoid the influence of a nearby bulk phase transition. We determine the latent heat of the phase transition and investigate the order and the strength of the transition at large N. We also report on our determination of the critical temperature expressed in units of the string tension in the large N limit.Comment: Lattice 2002 (nonzerot), 3 pages, 2 figure

Features of SU(N) Gauge Theories

We review recent lattice results for the large $N$ limit of SU(N) gauge theories. In particular, we focus on glueball masses, topology and its relation to chiral symmetry breaking (relevant for phenomenology), on the tension of strings connecting sources in higher representations of the gauge group (relevant for models of confinement and as a comparative ground for theories beyond the Standard Model) and on the finite temperature deconfinement phase transition (relevant for RHIC-like experiments). In the final part we present open challenges for the future.Comment: 6 pages, 3 figures; summary of the talk given by B. Lucini and the poster presented by U. Wenger at the conference "Confinement 2003

Interactive digital signal processor

The Interactive Digital Signal Processor (IDSP) is examined. It consists of a set of time series analysis Operators each of which operates on an input file to produce an output file. The operators can be executed in any order that makes sense and recursively, if desired. The operators are the various algorithms used in digital time series analysis work. User written operators can be easily interfaced to the sysatem. The system can be operated both interactively and in batch mode. In IDSP a file can consist of up to n (currently n=8) simultaneous time series. IDSP currently includes over thirty standard operators that range from Fourier transform operations, design and application of digital filters, eigenvalue analysis, to operators that provide graphical output, allow batch operation, editing and display information

Latest results from the PHOBOS experiment

Over the past years PHOBOS has continued to analyze the large datasets obtained from the first five runs of the Relativistic Heavy Ion Collider (RHIC) at Brookhaven National Laboratory. The two main analysis streams have been pursued. The first one aims to obtain a broad and systematic survey of global properties of particle production in heavy ion collisions. The second class includes the study of fluctuations and correlations in particle production. Both type of studies have been performed for a variety of the collision systems, covering a wide range in collision energy and centrality. The uniquely large angular coverage of the PHOBOS detector and its ability to measure charged particles down to very low transverse momentum is exploited. The latest physics results from PHOBOS, as presented at Quark Matter 2008 Conference, are contained in this report.Comment: 9 pages, 9 figures, presented at the 20th International Conference on Ultra-Relativistic Nucleus-Nucleus Collisions, "Quark Matter 2008", Jaipur, India, Feb.4-10, 200

CVcat: an interactive database on cataclysmic variables

CVcat is a database that contains published data on cataclysmic variables and related objects. Unlike in the existing online sources, the users are allowed to add data to the catalogue. The concept of an ``open catalogue'' approach is reviewed together with the experience from one year of public usage of CVcat. New concepts to be included in the upcoming AstroCat framework and the next CVcat implementation are presented. CVcat can be found at http://www.cvcat.org.Comment: 5 pages A&A Latex, 4 figures, accepted for publication in A&

High p_T Triggered Delta-eta,Delta-phi Correlations over a Broad Range in Delta-eta

The first measurement of pseudorapidity (Delta-eta) and azimuthal angle (Delta-phi) correlations between high transverse momentum charged hadrons (p_T > 2.5 GeV/c) and all associated particles is presented at both short- (small Delta-eta) and long-range (large Delta-eta) over a continuous pseudorapidity acceptance (-4<Delta-eta<2). In these proceedings, the various near- and away-side features of the correlation structure are discussed as a function of centrality in Au+Au collisions measured by PHOBOS at sqrt(s_NN)=200 GeV. In particular, this measurement allows a much more complete determination of the longitudinal extent of the ridge structure, first observed by the STAR collaboration over a limited eta range. In central collisions the ridge persists to at least Delta-eta=4, diminishing in magnitude as collisions become more peripheral until it disappears around Npart=80.Comment: 5 pages, 2 figures, presented at the 20th International Conference on Ultra-Relativistic Nucleus-Nucleus Collisions, "Quark Matter 2008", Jaipur, India, February 4-10, 2008. Full author list included and typo corrected in equation