Market Efficiency in Foreign Exchange Markets

We investigate the relative market efficiency in financial market data, using the approximate entropy(ApEn) method for a quantification of randomness in time series. We used the global foreign exchange market indices for 17 countries during two periods from 1984 to 1998 and from 1999 to 2004 in order to study the efficiency of various foreign exchange markets around the market crisis. We found that on average, the ApEn values for European and North American foreign exchange markets are larger than those for African and Asian ones except Japan. We also found that the ApEn for Asian markets increase significantly after the Asian currency crisis. Our results suggest that the markets with a larger liquidity such as European and North American foreign exchange markets have a higher market efficiency than those with a smaller liquidity such as the African and Asian ones except Japan

Nonparametric Bayesian identification of jump systems with sparse dependencies

Many nonlinear dynamical phenomena can be effectively modeled by a system that switches among a set of conditionally linear dynamical modes. We consider two such Markov jump linear systems: the switching linear dynamical system (SLDS) and the switching vector autoregressive (S-VAR) process. In this paper, we present a nonparametric Bayesian approach to identifying an unknown number of persistent, smooth dynamical modes by utilizing a hierarchical Dirichlet process prior. We additionally employ automatic relevance determination to infer a sparse set of dynamic dependencies. The utility and flexibility of our models are demonstrated on synthetic data and a set of honey bee dances.United States. Air Force Office of Scientific Research. Multidisciplinary University Research Initiative (Grant FA9550-06-1-0324)United States. Army Research Office (Grant W911NF-06-1- 0076

A high-resolution spectroscopic search for multiple populations in the 2 Gyr old cluster NGC 1846

We present detailed C, O, Na, Mg, Si, Ca, Ti, V, Fe, Zr, Ba, and Eu abundance measurements for 20 red giant branch (RGB) stars in the LMC star cluster NGC 1846 ([Fe/H] = -0.59). This cluster is 1.95 Gyr old and lies just below the supposed lower age limit (2 Gyr) for the presence of multiple populations in massive star clusters. Our measurements are based on high and low-resolution VLT/FLAMES spectra combined with photometric data from HST. Corrections for non-local thermodynamic equilibrium effects are also included for O, Na, Mg, Si, Ca, Fe and Ba. Our results show that there is no evidence for multiple populations in this cluster based on the lack of any intrinsic star-to-star spread in the abundances of Na and O: we place 95 \% confidence limits on the intrinsic dispersion for these elements of $\leq 0.07$ and $\leq 0.09$ dex, respectively. However, we do detect a significant spread in the carbon abundances, indicating varying evolutionary mixing occurring on the RGB that increases with luminosity. Overall, the general abundance patterns for NGC 1846 are similar to those seen in previous studies of intermediate-age LMC star clusters and field stars

The SkyMapper search for extremely metal-poor stars in the Large Magellanic Cloud

We present results of a search for extremely metal-poor (EMP) stars in the Large Magellanic Cloud, which can provide crucial information about the properties of the first stars as well as on the formation conditions prevalent during the earliest stages of star formation in dwarf galaxies. Our search utilised SkyMapper photometry, together with parallax and proper motion cuts (from Gaia), colour-magnitude cuts (by selecting the red giant branch region) and finally a metallicity-sensitive cut. Low-resolution spectra of a sample of photometric candidates were taken using the ANU 2.3m telescope/WiFeS spectrograph, from which 7 stars with [Fe/H] $\leq$ -2.75 were identified, two of which have [Fe/H] $\leq$ -3. Radial velocities, derived from the CaII triplet lines, closely match the outer rotation curve of the LMC for the majority of the candidates in our sample. Therefore, our targets are robustly members of the LMC based on their 6D phase-space information (coordinates, spectrophotometric distance, proper motions and radial velocities), and they constitute the most metal-poor stars so far discovered in this galaxy.Comment: Accepted for publication in MNRA

Critical behavior of the planar magnet model in three dimensions

We use a hybrid Monte Carlo algorithm in which a single-cluster update is combined with the over-relaxation and Metropolis spin re-orientation algorithm. Periodic boundary conditions were applied in all directions. We have calculated the fourth-order cumulant in finite size lattices using the single-histogram re-weighting method. Using finite-size scaling theory, we obtained the critical temperature which is very different from that of the usual XY model. At the critical temperature, we calculated the susceptibility and the magnetization on lattices of size up to $42^3$. Using finite-size scaling theory we accurately determine the critical exponents of the model and find that $\nu$=0.670(7), $\gamma/\nu$=1.9696(37), and $\beta/\nu$=0.515(2). Thus, we conclude that the model belongs to the same universality class with the XY model, as expected.Comment: 11 pages, 5 figure

Cosmic Microwave Background Anisotropy Window Functions Revisited

The primary results of most observations of cosmic microwave background (CMB) anisotropy are estimates of the angular power spectrum averaged through some broad band, called band-powers. These estimates are in turn what are used to produce constraints on cosmological parameters due to all CMB observations. Essential to this estimation of cosmological parameters is the calculation of the expected band-power for a given experiment, given a theoretical power spectrum. Here we derive the "band power" window function which should be used for this calculation, and point out that it is not equivalent to the window function used to calculate the variance. This important distinction has been absent from much of the literature: the variance window function is often used as the band-power window function. We discuss the validity of this assumed equivalence, the role of window functions for experiments that constrain the power in {\it multiple} bands, and summarize a prescription for reporting experimental results. The analysis methods detailed here are applied in a companion paper to three years of data from the Medium Scale Anisotropy Measurement.Comment: 5 pages, 1 included .eps figure, PRD in press---final published versio

How well can we measure and understand foregrounds with 21 cm experiments?

Before it becomes a sensitive probe of the Epoch of Reionization, the Dark Ages, and fundamental physics, 21 cm tomography must successfully contend with the issue of foreground contamination. Broadband foreground sources are expected to be roughly four orders of magnitude larger than any cosmological signals, so precise foreground models will be necessary. Such foreground models often contain a large number of parameters, reflecting the complicated physics that governs foreground sources. In this paper, we concentrate on spectral modeling (neglecting, for instance, bright point source removal from spatial maps) and show that 21 cm tomography experiments will likely not be able to measure these parameters without large degeneracies, simply because the foreground spectra are so featureless and generic. However, we show that this is also an advantage, because it means that the foregrounds can be characterized to a high degree of accuracy once a small number of parameters (likely three or four, depending on one's instrumental specifications) are measured. This provides a simple understanding for why 21 cm foreground subtraction schemes are able to remove most of the contaminants by suppressing just a small handful of simple spectral forms. In addition, this suggests that the foreground modeling process should be relatively simple and will likely not be an impediment to the foreground subtraction schemes that are necessary for a successful 21 cm tomography experiment.Comment: 15 pages, 9 figures, 2 tables; Replaced with accepted MNRAS version (slight quantitative changes to plots and tables, no changes to any conclusions

Reproductive isolation between two populations of Aglaoctenus lagotis , a funnel-web wolf spider

Aglaoctenus lagotis (Lycosidae: Sosippinae) is a spider that, in contrast to the predominant wandering habit of the family, constructs funnel webs. The species is widely distributed throughout the Neotropics and is credited with high levels of intraspecific variation. Here, we evaluate whether reproductive isolating barriers operate between some populations of A. lagotis. We used heterotypic encounters between individuals from two distant localities: southern Uruguay (SU) and Central Argentina (CA). Additionally, we used spiders from an ntermediate locality, western Uruguay (WU), where both forms of the species overlap (SU.WU was used to describe individuals from WU reminiscent of those from SU; and CA.WU was used to describe individuals from WU reminiscent of those from CA). No copulations occurred between SU and CA individuals, whereas a single and atypical copulation occurred between SU.WU and CA.WU individuals. Attacks (only by females on males) were rare. In tests of choice based on silk cues, SU males did not prefer homotypic cues but almost did not court CA females, whereas CA males preferred homotypic cues but usually courted heterotypic females. These findings, with a previously reported temporal asynchrony between populations, suggest the occurrence of reproductive isolation between both spider forms and a speciation process favoured by the wide distribution and plasticity of the species.Fil: González Pérez, María de la Macarena. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Córdoba. Instituto de Diversidad y Ecología Animal. Universidad Nacional de Córdoba. Facultad de Ciencias Exactas Físicas y Naturales. Instituto de Diversidad y Ecología Animal; Argentina. Universidad Nacional de Córdoba. Facultad de Ciencias Exactas, Físicas y Naturales. Cátedra de Diversidad Animal I; ArgentinaFil: Peretti, Alfredo Vicente. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Córdoba. Instituto de Diversidad y Ecología Animal. Universidad Nacional de Córdoba. Facultad de Ciencias Exactas Físicas y Naturales. Instituto de Diversidad y Ecología Animal; Argentina. Universidad Nacional de Córdoba. Facultad de Ciencias Exactas, Físicas y Naturales. Cátedra de Diversidad Animal I; ArgentinaFil: Costa, Fernando G.. Instituto de Investigaciones Biológicas "Clemente Estable"; Urugua

Acupuncture in Oncology: The Effectiveness of Acupuncture May Not Depend on Needle Retention Duration

© 2017, © The Author(s) 2017. Background. Guidelines surrounding optimum needle retention duration in acupuncture have not been established, despite a growing evidence base for acupuncture over recent decades. This retrospective study explored the effect of varying acupuncture needle retention durations in cancer patients. Method. Patients received either 2 (n = 35), 10 (n = 53), or 20 minutes (n = 54) of acupuncture once a week for 6 weeks. Outcomes of anxiety and depression, stress, fatigue, and quality of life (QOL), with the Hospital Anxiety and Depression Scale, Perceived Stress Scale, Functional Assessment of Cancer Therapy–Fatigue, and European Organization for Research and Treatment of Cancer Quality of Life, were measured at baseline and at 6 weeks following the intervention. Results. The mean age of participants was 58 years (n = 152). The majority were female, diagnosed with breast cancer. Depression, stress, fatigue, and QOL were significantly improved in all 3 groups at 6 weeks postintervention. No significant differences in all outcomes were found between the 3 groups (≤2 vs 10 minutes vs 20 minutes). There were no differences with the satisfaction of the acupuncture services and perceived efficacy of acupuncture among the 3 groups. More than 95% of participants indicated that they would recommend acupuncture to other cancer patients, friends, and their family members. Conclusion. The efficacy of acupuncture may not only depend on needle retention duration, but may also be associated with multiple factors. Considering the limitations of this study design, robust randomized controlled studies are warranted to confirm the findings