2,349 research outputs found
Dynamic asset trees and Black Monday
The minimum spanning tree, based on the concept of ultrametricity, is
constructed from the correlation matrix of stock returns. The dynamics of this
asset tree can be characterised by its normalised length and the mean
occupation layer, as measured from an appropriately chosen centre called the
`central node'. We show how the tree length shrinks during a stock market
crisis, Black Monday in this case, and how a strong reconfiguration takes
place, resulting in topological shrinking of the tree.Comment: 6 pages, 3 eps figues. Elsevier style. Will appear in Physica A as
part of the Bali conference proceedings, in pres
Recurrence and algorithmic information
In this paper we initiate a somewhat detailed investigation of the
relationships between quantitative recurrence indicators and algorithmic
complexity of orbits in weakly chaotic dynamical systems. We mainly focus on
examples.Comment: 26 pages, no figure
Primordial Entropy Production and Lambda-driven Inflation from Quantum Einstein Gravity
We review recent work on renormalization group (RG) improved cosmologies
based upon a RG trajectory of Quantum Einstein Gravity (QEG) with realistic
parameter values. In particular we argue that QEG effects can account for the
entire entropy of the present Universe in the massless sector and give rise to
a phase of inflationary expansion. This phase is a pure quantum effect and
requires no classical inflaton field.Comment: 12 pages, 4 figures, IGCG-07 Pun
The role of Background Independence for Asymptotic Safety in Quantum Einstein Gravity
We discuss various basic conceptual issues related to coarse graining flows
in quantum gravity. In particular the requirement of background independence is
shown to lead to renormalization group (RG) flows which are significantly
different from their analogs on a rigid background spacetime. The importance of
these findings for the asymptotic safety approach to Quantum Einstein Gravity
(QEG) is demonstrated in a simplified setting where only the conformal factor
is quantized. We identify background independence as a (the ?) key prerequisite
for the existence of a non-Gaussian RG fixed point and the renormalizability of
QEG.Comment: 2 figures. Talk given by M.R. at the WE-Heraeus-Seminar "Quantum
Gravity: Challenges and Perspectives", Bad Honnef, April 14-16, 2008; to
appear in General Relativity and Gravitatio
Hydromagnetic Instability in plane Couette Flow
We study the stability of a compressible magnetic plane Couette flow and show
that compressibility profoundly alters the stability properties if the magnetic
field has a component perpendicular to the direction of flow. The necessary
condition of a newly found instability can be satisfied in a wide variety of
flows in laboratory and astrophysical conditions. The instability can operate
even in a very strong magnetic field which entirely suppresses other MHD
instabilities. The growth time of this instability can be rather short and
reach shear timescales.Comment: 6 pages, 5 figures. To appear on PR
Flow Equations for U_k and Z_k
By considering the gradient expansion for the wilsonian effective action S_k
of a single component scalar field theory truncated to the first two terms, the
potential U_k and the kinetic term Z_k, I show that the recent claim that
different expansion of the fluctuation determinant give rise to different
renormalization group equations for Z_k is incorrect. The correct procedure to
derive this equation is presented and the set of coupled differential equations
for U_k and Z_k is definitely established.Comment: 5 page
Mean Escape Time in a System with Stochastic Volatility
We study the mean escape time in a market model with stochastic volatility.
The process followed by the volatility is the Cox Ingersoll and Ross process
which is widely used to model stock price fluctuations. The market model can be
considered as a generalization of the Heston model, where the geometric
Brownian motion is replaced by a random walk in the presence of a cubic
nonlinearity. We investigate the statistical properties of the escape time of
the returns, from a given interval, as a function of the three parameters of
the model. We find that the noise can have a stabilizing effect on the system,
as long as the global noise is not too high with respect to the effective
potential barrier experienced by a fictitious Brownian particle. We compare the
probability density function of the return escape times of the model with those
obtained from real market data. We find that they fit very well.Comment: 9 pages, 9 figures, to be published in Phys. Rev.
The Accelerated expansion of the Universe as a crossover phenomenon
We show that the accelerated expansion of the Universe can be viewed as a
crossover phenomenon where the Newton constant and the Cosmological constant
are actually scaling operators, dynamically evolving in the attraction basin of
a non-Gaussian infrared fixed point, whose existence has been recently
discussed. By linearization of the renormalized flow it is possible to evaluate
the critical exponents, and it turns out that the approach to the fixed point
is ruled by a marginal and a relevant direction. A smooth transition between
the standard Friedmann--Lemaitre--Robertson--Walker (FLRW) cosmology and the
observed accelerated expansion is then obtained, so that at late times.Comment: 12 pages, latex, use bibtex. In the final version, the presentation
has been improved, and new references have been adde
Running Gauge Coupling in Asymptotically Safe Quantum Gravity
We investigate the non-perturbative renormalization group behavior of the
gauge coupling constant using a truncated form of the functional flow equation
for the effective average action of the Yang-Mills-gravity system. We find a
non-zero quantum gravity correction to the standard Yang-Mills beta function
which has the same sign as the gauge boson contribution. Our results fit into
the picture according to which Quantum Einstein Gravity (QEG) is asymptotically
safe, with a vanishing gauge coupling constant at the non-trivial fixed point.Comment: 27 page
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