Comparing Behavioural Models Using Data from Experimental Centipede Games

The centipede game posits one of the most well-known paradoxes of backward induction in the literature of experimental game theory. Given that deviations from the unique subgame perfect Nash equilibrium generates a Pareto improvement, several theoretical models have been employed in order to rationalize this kind of behavior in this social dilemma. The available explanations range from social preferences including fairness, altruism or cooperation motives, errors in playing, inability to perform backward induction or different depths of reasoning. In the present study, we use the Blavatskyy's theoretical contribution, and relax the assumptions of Expected Utility maximization and risk-neutral attitudes, to test an alternative explanation. We compare various probabilistic decision theory models in terms of their descriptive (in-sample) and predictive (out-of-sample fit) performance, using data from experimental centipede games. We find that introducing non-Expected Utility preferences to the Quantal Response Equilibrium model, along with a nonlinear utility function, provides a better explanation compared to alternative specifications such as the Level-k or the Quantal Response Equilibrium model with altruistic motives. (JEL C72, C92, D81, D82)

Dark-Bright Soliton Bound States in a Microresonator

The recent discovery of dissipative Kerr solitons in microresonators has facilitated the development of fully coherent, chip-scale frequency combs. In addition, dark soliton pulses have been observed in microresonators in the normal dispersion regime. Here, we report bound states of mutually trapped dark-bright soliton pairs in a microresonator. The soliton pairs are generated seeding two modes with opposite dispersion but with similar group velocities. One laser operating in the anomalous dispersion regime generates a bright soliton microcomb, while the other laser in the normal dispersion regime creates a dark soliton via Kerr-induced cross-phase modulation with the bright soliton. Numerical simulations agree well with experimental results and reveal a novel mechanism to generate dark soliton pulses. The trapping of dark and bright solitons can lead to light states with the intriguing property of constant output power while spectrally resembling a frequency comb. These results can be of interest for telecommunication systems, frequency comb applications, ultrafast optics and soliton states in atomic physics

Univariate and multivariate GARCH models applied to the CARBS indices

Abstract: The purpose of this paper is to estimate the calibrated parameters of different univariate and multivariate GARCH family models. It is unrealistic to assume that volatility of financial returns is constant. In the empirical analysis, the symmetric GARCH, and asymmetric GJR-GARCH and EGARCH models were estimated for the CARBS indices and a global minimum variance portfolio (GMVP), the best fitting model was determined using the AIC and BIC. The asymmetric terms of the GJR-GARCH and EGARCH models indicate signs of the leverage effect. The information criterion suggest that the EGARCH model is the best fitting model for the CARBS indices and the GMVP

Nonlinear enhanced microresonator gyroscope

Optical gyroscopes based on the Sagnac effect have been the mainstay of inertial navigation in aerospace and shipping for decades. These gyroscopes are typically realized either as ring-laser gyroscopes (RLGs) or fiber-optic gyroscopes (FOGs). With the recent rapid progress in the field of ultrahigh-quality optical whispering-gallery mode and ring microresonators, attention has been focused on the development of microresonator-based Sagnac gyroscopes as a more compact alternative to RLGs and FOGs. One avenue that has been explored is the use of exceptional points in non-Hermitian systems to enhance the responsivity to rotation. We use a similar phenomenon, namely, the critical point of a spontaneous symmetry-breaking transition between counterpropagating light, to demonstrate a microresonator gyroscope with a responsivity enhanced by a factor of around 104. We present a proof-of-principle rotation measurement as well as a characterization of the system’s dynamical response, which shows the universal critical behaviors of responsivity enhancement and critical slowing down, both of which are beneficial in an optical gyroscope. We believe that this concept could be used to realize simple and cheap chip-based gyroscopes with sensitivities approaching those of today’s RLGs and FOGs

Logic Gates Based on Interaction of Counterpropagating Light in Microresonators

Optical logic has the potential to replace electronics with photonic circuits in applications for which optic-to-electronic conversion is impractical and for integrated all-optical circuits. Nonlinear optics in whispering gallery mode resonators provides low power, scalable methods to achieve optical logic. We demonstrate, for the first time, an all-optical, universal logic gate using counterpropagating light in which all signals have the same operating optical frequency. Such a device would make possible the routing of optical signals without the need for conversion into the electronic domain, thus reducing latency. The operating principle of the device is based on the Kerr interaction between counter-propagating beams in a whispering gallery mode resonator which induces a splitting between the resonance frequencies for the two propagating directions. Our gate uses a fused silica microrod resonator with a Q-factor of 2 x 10(8). This method of optical logic gives a practical solution to the on-chip routing of light

μW-Level Microresonator Solitons with Extended Stability Range Using an Auxiliary Laser

The recent demonstration of dissipative Kerr solitons in microresonators has opened a new pathway for the generation of ultrashort pulses and low-noise frequency combs with gigahertz to terahertz repetition rates, enabling applications in frequency metrology, astronomy, optical coherent communications, and laser-based ranging. A main challenge for soliton generation, in particular in ultra-high-Q resonators, is the sudden change of circulating intracavity power during the onset of soliton generation. This sudden power change requires precise control of the seed laser frequency and power or fast control of the resonator temperature. Here, we report a robust and simple way to increase the stability range of the soliton regime by using an auxiliary laser that passively stabilizes the intracavity power. In our experiments with fused silica resonators, we are able to extend the pump laser frequency stability range of microresonator solitons by two orders of magnitude, which enables soliton generation by slow and manual tuning of the pump laser into resonance and at unprecedented low power levels. Both single- and multi-soliton mode-locked states are generated in a 1.3-mm-diameter fused silica microrod resonator with a free spectral range of ~50.6 GHz, at a 1554 nm pump wavelength at threshold powers <3 mW. Moreover, with a smaller 230-{\mu}m-diameter microrod, we demonstrate soliton generation at 780 {\mu}W threshold power. The passive enhancement of the stability range of microresonator solitons paves the way for robust and low threshold microcomb systems with substantially relaxed stability requirements for the pump laser source. In addition, this method could be useful in a wider range of microresonator applications that require reduced sensitivity to external perturbations