Infrared finite coupling in Sudakov resummation: the precise set-up

I show that Sudakov resummation takes a transparent form if one deals with the second logarithmic derivative of the short distance coefficient functions for deep inelastic scattering and the Drell-Yan process. A uniquely defined Sudakov exponent emerges, and the constant terms not included in the exponent are conjectured to be given by the second logarithmic derivative of the massless quark form factor. The precise framework for the implementation of the dispersive approach to power corrections is set-up, yielding results in agreement with infrared renormalon expectations, but which are not tied to the single (dressed) gluon exchange approximation. Indications for a Banks-Zaks type of perturbative fixed point in the Sudakov effective coupling at low N_f are pointed out. Existence of a fixed point in the Sudakov coupling is argued to imply its universality.Comment: 5 pages, improved version of hep-ph/0606033, new result on universality of power corrections; version 2: added material, comments and references (to appear in Physical Review D (Rapid Communication)); version 3: a few misprints corrected, one reference added (journal version

Risk Classification in Insurance Contracting

Risk classification refers to the use of observable characteristics by insurers to group individuals with similar expected claims, compute the corresponding premiums, and thereby reduce asymmetric information. An efficient risk classification system generates premiums that fully reflect the expected cost associated with each class of risk characteristics. This is known as financial equity. In the health sector, risk classification is also subject to concerns about social equity and potential discrimination. We present different theoretical frameworks that illustrate the potential trade-off between efficient insurance provision and social equity. We also review empirical studies on risk classification and residual asymmetric information.Adverse selection, classification risk, diagnostic test, empirical test of asymmetric information, financial equity, genetic test, health insurance, insurance rating, insurance pricing, moral hazard, risk classification, risk characteristic, risk pooling, risk separation, social equity

Slave-rotor mean field theories of strongly correlated systems and the Mott transition in finite dimensions

The multiorbital Hubbard model is expressed in terms of quantum phase variables (``slave rotors'') conjugate to the local charge, and of auxiliary fermions, providing an economical representation of the Hilbert space of strongly correlated systems. When the phase variables are treated in a local mean-field manner, similar results to the dynamical mean-field theory are obtained, namely a Brinkman-Rice transition at commensurate fillings together with a ``preformed'' Mott gap in the single-particle density of states. The slave- rotor formalism allows to go beyond the local description and take into account spatial correlations, following an analogy to the superfluid-insulator transition of bosonic systems. We find that the divergence of the effective mass at the metal- insulator transition is suppressed by short range magnetic correlations in finite-dimensional systems. Furthermore, the strict separation of energy scales between the Fermi- liquid coherence scale and the Mott gap found in the local picture, holds only approximately in finite dimensions, due to the existence of low-energy collective modes related to zero-sound.Comment: 16 pages, 12 figure

Is the Mott transition relevant to f-electron metals ?

We study how a finite hybridization between a narrow correlated band and a wide conduction band affects the Mott transition. At zero temperature, the hybridization is found to be a relevant perturbation, so that the Mott transition is suppressed by Kondo screening. In contrast, a first-order transition remains at finite temperature, separating a local moment phase and a Kondo- screened phase. The first-order transition line terminates in two critical endpoints. Implications for experiments on f-electron materials such as the Cerium alloy Ce$_{0.8}$La$_{0.1}$Th$_{0.1}$ are discussed.Comment: 5 pages, 3 figure

Mott transition at large orbital degeneracy: dynamical mean-field theory

We study analytically the Mott transition of the N-orbital Hubbard model using dynamical mean-field theory and a low-energy projection onto an effective Kondo model. It is demonstrated that the critical interaction at which the insulator appears (Uc1) and the one at which the metal becomes unstable (Uc2) have different dependence on the number of orbitals as the latter becomes large: Uc1 ~ \sqrt{N} while Uc2 ~ N. An exact analytical determination of the critical coupling Uc2/N is obtained in the large-N limit. The metallic solution close to this critical coupling has many similarities at low-energy with the results of slave boson approximations, to which a comparison is made. We also discuss how the critical temperature associated with the Mott critical endpoint depends on the number of orbitals.Comment: 13 pages. Minor changes in V

The Mott transition in V_2 O_3 and Ni Se_x S_{2-x}: insights from dynamical mean field theory

We discuss some aspects of the pressure (or interaction) driven Mott transition, in three dimensional transition metal oxides by means of dynami cal mean field theory. We isolate the universal properties of the transition from the aspects which depend more on the detailed chemistry of the compounds. In this light we can understand the main differences and the remarkable similarities between these systems. Both theory and experiment converge on the transfer of spectral weight from low energies to high energies as the universal mechanism underlying the Mott transition, and we comment on the possible relevance of these ideas to other metal to non metal transitions.Comment: Talk presented at SCES 9