4,161 research outputs found
Utility based pricing and hedging of jump diffusion processes with a view to applications
We discuss utility based pricing and hedging of jump diffusion processes with
emphasis on the practical applicability of the framework. We point out two
difficulties that seem to limit this applicability, namely drift dependence and
essential risk aversion independence. We suggest to solve these by a
re-interpretation of the framework. This leads to the notion of an implied
drift. We also present a heuristic derivation of the marginal indifference
price and the marginal optimal hedge that might be useful in numerical
computations.Comment: 23 pages, v2: publishe
The New Transiting Planet OGLE-TR-56b: Orbit and Atmosphere
Motivated by the identification of the very close-in extrasolar giant planet
OGLE-TR-56b, we explore the implications of its existence on problems of tidal
dissipation, planet migration, and atmospheric stability. The small orbit of
OGLE-TR-56b makes the planet an interesting test particle case for tidal
dissipation in stellar convection zones. We show that it favors prescriptions
of suppressed convective eddy viscosity. Precise timing of the transits of
OGLE-TR-56b might place interesting constraints on stellar convection theory,
if orbital period change is detected in the near future.Comment: 12 pages, 1 figure, submitted to ApJ
Seismic tests for solar models with tachocline mixing
We have computed accurate 1-D solar models including both a macroscopic
mixing process in the solar tachocline as well as up-to-date microscopic
physical ingredients. Using sound speed and density profiles inferred through
primary inversion of the solar oscillation frequencies coupled with the
equation of thermal equilibrium, we have extracted the temperature and hydrogen
abundance profiles. These inferred quantities place strong constraints on our
theoretical models in terms of the extent and strength of our macroscopic
mixing, on the photospheric heavy elements abundance, on the nuclear reaction
rates such as and and on the efficiency of the microscopic
diffusion. We find a good overall agreement between the seismic Sun and our
models if we introduce a macroscopic mixing in the tachocline and allow for
variation within their uncertainties of the main physical ingredients. From our
study we deduce that the solar hydrogen abundance at the solar age is and that based on the Be photospheric depletion, the
maximum extent of mixing in the tachocline is 5% of the solar radius. The
nuclear reaction rate for the fundamental reaction is found to be
MeV barns, i.e., 1.5% higher than the
present theoretical determination. The predicted solar neutrino fluxes are
discussed in the light of the new SNO/SuperKamiokande results.Comment: 16 pages, 12 figures, A&A in press (1) JILA, University of Colorado,
Boulder, CO 80309-0440, USA, (2) LUTH, Observatoire de Paris-Meudon, 92195
Meudon, France, (3) Tata Institute of Fundamental Research, Homi Bhabha road,
Mumbai 400005, India, (4) Department of Physics, University of Mumbai, Mumbai
400098, Indi
Infrared cutoffs and the adiabatic limit in noncommutative spacetime
We discuss appropriate infrared cutoffs and their adiabatic limit for field
theories on the noncommutative Minkowski space in the Yang-Feldman formalism.
In order to do this, we consider a mass term as interaction term. We show that
an infrared cutoff can be defined quite analogously to the commutative case and
that the adiabatic limit of the two-point function exists and coincides with
the expectation, to all orders.Comment: 19 page
A Robust Measure of Tidal Circularization in Coeval Binary Populations: The solar-type spectroscopic Binary Population in The Open Cluster M35
We present a new homogeneous sample of 32 spectroscopic binary orbits in the
young (~ 150 Myr) main-sequence open cluster M35. The distribution of orbital
eccentricity vs. orbital period (e-log(P)) displays a distinct transition from
eccentric to circular orbits at an orbital period of ~ 10 days. The transition
is due to tidal circularization of the closest binaries. The population of
binary orbits in M35 provide a significantly improved constraint on the rate of
tidal circularization at an age of 150 Myr. We propose a new and more robust
diagnostic of the degree of tidal circularization in a binary population based
on a functional fit to the e-log(P) distribution. We call this new measure the
tidal circularization period. The tidal circularization period of a binary
population represents the orbital period at which a binary orbit with the most
frequent initial orbital eccentricity circularizes (defined as e = 0.01) at the
age of the population. We determine the tidal circularizationperiod for M35 as
well as for 7 additional binary populations spanning ages from the pre
main-sequence (~ 3 Myr) to late main-sequence (~ 10 Gyr), and use Monte Carlo
error analysis to determine the uncertainties on the derived circularization
periods. We conclude that current theories of tidal circularization cannot
account for the distribution of tidal circularization periods with population
age.Comment: 37 pages, 9 figures, to be published in The Astrophysical Journal,
February 200
Analyzing the Affective Network of Gender-Critical Alliances
The influence of anti-gender movements is on the rise globally as they seek to prevent the expansion of transgender rights. In Germany, the anti-gender debate has gained renewed intensity in the wake of the publication of the draft Self-Determination Act in June 2022. Within this discourse, two prominent groups of actors emerged: gender-critical feminists and right-wing populists. Despite their divergent ideological and political positions, the affordances of social media provide them with a platform for collaborative interactions. Thus, under issue-related hashtags, the boundaries between these actors are becoming increasingly blurred. This research utilizes affect theory and analysis of hashtag activism to investigate the collective protest on Twitter against the proposed Self-Determination Act. Employing social network analysis (SNA), the study identifies pivotal structures and actors within the #FrauenSagenNein (#WomenSayNo) network. Additionally, qualitative content analysis delves into the narratives and sentiments employed in constructing hostile portrayals of transgender individuals. The findings illustrate that #FrauenSagenNein served as a bridging tool that connects gender-critical feminists and right-wing populist actors, leading to their intersection. Based on these findings, it is vital to critically monitor such alliances to counter the spread of binary gender norms and heteronormative beliefs
Influence of strain on anisotropic thermoelectric transport of BiTe and SbTe
On the basis of detailed first-principles calculations and semi-classical
Boltzmann transport, the anisotropic thermoelectric transport properties of
BiTe and SbTe under strain were investigated. It was found that
due to compensation effects of the strain dependent thermopower and electrical
conductivity, the related powerfactor will decrease under applied in-plane
strain for BiTe_2_3_2_3$ suggests, that already in the single crystalline system
strong anisotropic scattering effects should play a role
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