Hawking radiation from decoherence

It is argued that the thermal nature of Hawking radiation arises solely due to decoherence. Thereby any information-loss paradox is avoided because for closed systems pure states remain pure. The discussion is performed for a massless scalar field in the background of a Schwarzschild black hole, but the arguments should hold in general. The result is also compared to and contrasted with the situation in inflationary cosmology.Comment: 6 pages, to appear in Class. Quantum Gra

Can effects of quantum gravity be observed in the cosmic microwave background?

We investigate the question whether small quantum-gravitational effects can be observed in the anisotropy spectrum of the cosmic microwave background radiation. An observation of such an effect is needed in order to discriminate between different approaches to quantum gravity. Using canonical quantum gravity with the Wheeler-DeWitt equation, we find a suppression of power at large scales. Current observations only lead to an upper bound on the energy scale of inflation, but the framework is general enough to study other situations in which such effects might indeed be seen.Comment: 5 pages, 1 figure, essay awarded first prize in the Gravity Research Foundation essay competition 201

Quantum Gravitational Contributions to the CMB Anisotropy Spectrum

We derive the primordial power spectrum of density fluctuations in the framework of quantum cosmology. For this purpose we perform a Born-Oppenheimer approximation to the Wheeler-DeWitt equation for an inflationary universe with a scalar field. In this way we first recover the scale-invariant power spectrum that is found as an approximation in the simplest inflationary models. We then obtain quantum gravitational corrections to this spectrum and discuss whether they lead to measurable signatures in the CMB anisotropy spectrum. The non-observation so far of such corrections translates into an upper bound on the energy scale of inflation.Comment: 4 pages, v3: sign error in Eq. (5) and its consequences correcte

Quantum Gravity Equation In Schroedinger Form In Minisuperspace Description

We start from classical Hamiltonian constraint of general relativity to obtain the Einstein-Hamiltonian-Jacobi equation. We obtain a time parameter prescription demanding that geometry itself determines the time, not the matter field, such that the time so defined being equivalent to the time that enters into the Schroedinger equation. Without any reference to the Wheeler-DeWitt equation and without invoking the expansion of exponent in WKB wavefunction in powers of Planck mass, we obtain an equation for quantum gravity in Schroedinger form containing time. We restrict ourselves to a minisuperspace description. Unlike matter field equation our equation is equivalent to the Wheeler-DeWitt equation in the sense that our solutions reproduce also the wavefunction of the Wheeler-DeWitt equation provided one evaluates the normalization constant according to the wormhole dominance proposal recently proposed by us.Comment: 11 Pages, ReVTeX, no figur

A Simulation Estimator for Testing the Time Homogeneity of Credit Rating Transition

The measurement of credit quality is at the heart of the models designed to assess the reserves and capital needed to support the risks of both individual credits and portfolios of credit instruments. A popular specification for credit- rating transitions is the simple, time-homogeneous Markov model. While the Markov specification cannot really describe processes in the long run, it may be useful for adequately describing short-run changes in portfolio risk. In this specification, the entire stochastic process can be characterized in terms of estimated transition probabilities. However, the simple homogeneous Markovian transition framework is restrictive. We propose a test of the null hypotheses of time-homogeneity that can be performed on the sorts of data often reported. We apply the tests to 4 data sets, on commercial paper, sovereign debt, municipal bonds and S&P Corporates. The results indicate that commercial paper looks Markovian on a 30-day time scale for up to 6 months; sovereign debt also looks Markovian (perhaps due to a small sample size); municipals are well-modeled by the Markov specification for up to 5 years, but could probably benefit from frequent updating of the estimated transition matrix or from more sophisticated modeling, and S&P Corporate ratings are approximately Markov over 3 transitions but not 4.

Singularity avoidance by collapsing shells in quantum gravity

We discuss a model describing exactly a thin spherically symmetric shell of matter with zero rest mass. We derive the reduced formulation of this system in which the variables are embeddings, their conjugate momenta, and Dirac observables. A non-perturbative quantum theory of this model is then constructed, leading to a unitary dynamics. As a consequence of unitarity, the classical singularity is fully avoided in the quantum theory.Comment: 5 pages, 1 figure, received honorable mention in the 2001 essay competititon, to appear in Int. J. Mod. Phys.

Remarks on the issue of time and complex numbers in canonical quantum gravity

We develop the idea that, as a result of the arbitrariness of the factor ordering in Wheeler-DeWitt equation, gauge phases can not, in general, being completely removed from the wave functional in quantum gravity. The latter may be conveniently described by means of a remnant complex term in WDW equation depending of the factor ordering. Taking this equation for granted we can obtain WKB complex solutions and, therefore, we should be able to derive a semiclassical time parameter for the Schroedinger equation corresponding to matter fields in a given classical curved space.Comment: Typewritten using RevTex, to appear in Phys. Rev.