Steady State Behavior of Mechanically Perturbed Spin Glasses and Ferromagnets

A zero temperature dynamics of Ising spin glasses and ferromagnets on random graphs of finite connectivity is considered, like granular media these systems have an extensive entropy of metastable states. We consider the problem of what energy a randomly prepared spin system falls to before becoming stuck in a metastable state. We then introduce a tapping mechanism, analogous to that of real experiments on granular media, this tapping, corresponding to flipping simultaneously any spin with probability $p$, leads to stationary regime with a steady state energy $E(p)$. We explicitly solve this problem for the one dimensional ferromagnet and $\pm J$ spin glass and carry out extensive numerical simulations for spin systems of higher connectivity. The link with the density of metastable states at fixed energy and the idea of Edwards that one may construct a thermodynamics with a flat measure over metastable states is discussed. In addition our simulations on the ferromagnetic systems reveal a novel first order transition, whereas the usual thermodynamic transition on these graphs is second order.Comment: 11 pages, 7 figure

Scaling of the distribution of fluctuations of financial market indices

We study the distribution of fluctuations over a time scale $\Delta t$ (i.e., the returns) of the S&P 500 index by analyzing three distinct databases. Database (i) contains approximately 1 million records sampled at 1 min intervals for the 13-year period 1984-1996, database (ii) contains 8686 daily records for the 35-year period 1962-1996, and database (iii) contains 852 monthly records for the 71-year period 1926-1996. We compute the probability distributions of returns over a time scale $\Delta t$, where $\Delta t$ varies approximately over a factor of 10^4 - from 1 min up to more than 1 month. We find that the distributions for $\Delta t \leq$ 4 days (1560 mins) are consistent with a power-law asymptotic behavior, characterized by an exponent $\alpha \approx 3$, well outside the stable L\'evy regime $0 < \alpha < 2$. To test the robustness of the S&P result, we perform a parallel analysis on two other financial market indices. Database (iv) contains 3560 daily records of the NIKKEI index for the 14-year period 1984-97, and database (v) contains 4649 daily records of the Hang-Seng index for the 18-year period 1980-97. We find estimates of $\alpha$ consistent with those describing the distribution of S&P 500 daily-returns. One possible reason for the scaling of these distributions is the long persistence of the autocorrelation function of the volatility. For time scales longer than $(\Delta t)_{\times} \approx 4$ days, our results are consistent with slow convergence to Gaussian behavior.Comment: 12 pages in multicol LaTeX format with 27 postscript figures (Submitted to PRE May 20, 1999). See http://polymer.bu.edu/~amaral/Professional.html for more of our work on this are

Sphingolipid Analogues Inhibit Development of Malaria Parasites

<i>Plasmodium</i>-infected erythrocytes have been shown to employ sphingolipids from both endogenous metabolism as well as existing host pools. Therapeutic agents that limit these supplies have thus emerged as intriguing, mechanistically distinct putative targets for the treatment of malaria infections. In an initial screen of our library of sphingolipid pathway modulators for efficacy against two strains of the predominant human malaria species <i>Plasmodium falciparum</i> and <i>Plasmodium knowlesi</i>, a series of orally available, 1-deoxysphingoid bases were found to possess promising in vitro antimalarial activity. To better understand the structural requirements that are necessary for this observed activity, a second series of modified analogues were prepared and evaluated. Initial pharmacokinetic assessments of key analogues were investigated to evaluate plasma and red blood cell concentrations in vivo