On the coexistence and complementarity of Chinese translation methods of English metrical poetry

The Chinese translation of English metrical poetry has a history of more than one hundred years, but it is still controversial on how to translate English metrical poetry into Chinese. Chinese translators have hitherto devised three methods to render English metrical poetry: sinolization, liberalization, and poetic form transplantation. Translators practicing the methods of sinolization and liberalization belong to the group in favor of spiritual resemblance. Translators who follow the method of poetic form transplantation belong to the group in favor of formal resemblance. It is quite obvious that the two groups have disagreement on the translation standard or guiding principle. Actually the translation standards of the two groups can coexist, and the translation methods under the guidance of these different translation standards can coexist and complement each other. It is impractical and impossible to use one Chinese translation method or standard to guide all the Chinese translation practice, and the diverse Chinese translation methods of English metrical poetry can coexist and complement each other in the foreseeable future

On the probability distribution of stock returns in the Mike-Farmer model

Recently, Mike and Farmer have constructed a very powerful and realistic behavioral model to mimick the dynamic process of stock price formation based on the empirical regularities of order placement and cancelation in a purely order-driven market, which can successfully reproduce the whole distribution of returns, not only the well-known power-law tails, together with several other important stylized facts. There are three key ingredients in the Mike-Farmer (MF) model: the long memory of order signs characterized by the Hurst index $H_s$, the distribution of relative order prices $x$ in reference to the same best price described by a Student distribution (or Tsallis' $q$-Gaussian), and the dynamics of order cancelation. They showed that different values of the Hurst index $H_s$ and the freedom degree $\alpha_x$ of the Student distribution can always produce power-law tails in the return distribution $f(r)$ with different tail exponent $\alpha_r$. In this paper, we study the origin of the power-law tails of the return distribution $f(r)$ in the MF model, based on extensive simulations with different combinations of the left part $f_L(x)$ for $x0$ of $f(x)$. We find that power-law tails appear only when $f_L(x)$ has a power-law tail, no matter $f_R(x)$ has a power-law tail or not. In addition, we find that the distributions of returns in the MF model at different timescales can be well modeled by the Student distributions, whose tail exponents are close to the well-known cubic law and increase with the timescale.Comment: 16 Elsart pages including 1 table and 5 figure

Empirical properties of inter-cancellation durations in the Chinese stock market

Order cancellation process plays a crucial role in the dynamics of price formation in order-driven stock markets and is important in the construction and validation of computational finance models. Based on the order flow data of 18 liquid stocks traded on the Shenzhen Stock Exchange in 2003, we investigate the empirical statistical properties of inter-cancellation durations in units of events defined as the waiting times between two consecutive cancellations. The inter-cancellation durations for both buy and sell orders of all the stocks favor a $q$-exponential distribution when the maximum likelihood estimation method is adopted; In contrast, both cancelled buy orders of 6 stocks and cancelled sell orders of 3 stocks prefer Weibull distribution when the nonlinear least-square estimation is used. Applying detrended fluctuation analysis (DFA), centered detrending moving average (CDMA) and multifractal detrended fluctuation analysis (MF-DFA) methods, we unveil that the inter-cancellation duration time series process long memory and multifractal nature for both buy and sell cancellations of all the stocks. Our findings show that order cancellation processes exhibit long-range correlated bursty behaviors and are thus not Poissonian.Comment: 14 pages, 7 figures and 5 table

An investigation of the orthogonal outputs from an on-rotor MEMS accelerometer for reciprocating compressor condition monitoring

With rapid development in electronics and microelectromechanical systems (MEMS) technology, it becomes possible and attractive to monitor rotor dynamics by directly installing MEMS accelerometers on rotors. This paper studies the mathematical modelling of the orthogonal outputs from an on-rotor MEMS accelerometer and proposes a method to eliminate the gravitational acceleration projected on the measurement axes. This is achieved by shifting the output in the normal direction by π/2π/2 using a Hilbert transform and then combining it with the output of the tangential direction. With further compensation of the combined signal in the frequency domain, the tangential acceleration of the rotor is reconstructed to a high degree of accuracy. Experimental results show that the crankshaft tangential acceleration of a reciprocating compressor, obtained by the proposed method, can discriminate clearly between different discharge pressures and hence can allow common leakage faults to be detected, located and diagnosed for online condition monitoring purposes