Scaling and data collapse for the mean exit time of asset prices

We study theoretical and empirical aspects of the mean exit time of financial time series. The theoretical modeling is done within the framework of continuous time random walk. We empirically verify that the mean exit time follows a quadratic scaling law and it has associated a pre-factor which is specific to the analyzed stock. We perform a series of statistical tests to determine which kind of correlation are responsible for this specificity. The main contribution is associated with the autocorrelation property of stock returns. We introduce and solve analytically both a two-state and a three-state Markov chain models. The analytical results obtained with the two-state Markov chain model allows us to obtain a data collapse of the 20 measured MET profiles in a single master curve.Comment: REVTeX 4, 11 pages, 8 figures, 1 table, submitted for publicatio

The use of calorimetry in nuclear materials management

A calorimeter is a device to measure evolved or adsorbed heat. For our purposes, the heat measured is that associated with radioactive decay and the unit of measurement is the watt. Each time an atom decays, energy is released and absorbed by the surroundings and heat generated. For each isotope, this heat is a constant related to the energy of the decay particles and the half-life of the isotope. A point which is often overlooked is that calorimetry is one of the oldest techniques known for measuring radioactivity. In 1903, Pierre Curie and A. Laborde used a twin microcalorimeter to determine that one gram of radium generates about 100 calories per hour. Several months later, Curie and Dewar used liquid oxygen and hydrogen to show that the amount of energy developed by radium and other radioactive elements did not depend on temperature. At that time, this observation was extremely important. It indicated that the nature of radioactivity is entirely different and cannot be compared with any known phenomena. In all other thermal processes known in physics and chemistry, the rate at which heat is developed changes with temperature. In 1942, Monsanto was asked by General Leslie Groves, Head of the Manhattan Project, to accept the responsibility for the chemistry and metallurgy of radioactive polonium. Late in 1943, two Monsanto scientists began a study of the half-life of polonium-210 using calorimetry

Modeling the series of (n x 2) Si-rich reconstructions of beta-SiC(001): a prospective atomic wire?

We perform ab initio plane wave supercell density functional calculations on three candidate models of the (3 x 2) reconstruction of the beta-SiC(001) surface. We find that the two-adlayer asymmetric-dimer model (TAADM) is unambiguously favored for all reasonable values of Si chemical potential. We then use structures derived from the TAADM parent to model the silicon lines that are observed when the (3 x 2) reconstruction is annealed (the (n x 2) series of reconstructions), using a tight-binding method. We find that as we increase n, and so separate the lines, a structural transition occurs in which the top addimer of the line flattens. We also find that associated with the separation of the lines is a large decrease in the HOMO-LUMO gap, and that the HOMO state becomes quasi-one-dimensional. These properties are qualititatively and quantitatively different from the electronic properties of the original (3 x 2) reconstruction.Comment: 22 pages, including 6 EPS figure

Extreme times in financial markets

We apply the theory of continuous time random walks to study some aspects of the extreme value problem applied to financial time series. We focus our attention on extreme times, specifically the mean exit time and the mean first-passage time. We set the general equations for these extremes and evaluate the mean exit time for actual data.Comment: 6 pages, 3 figure

Rough Surface Effect on Meissner Diamagnetism in Normal-layer of N-S Proximity-Contact System

Rough surface effect on the Meissner diamagnetic current in the normal layer of proximity contact N-S bi-layer is investigated in the clean limit. The diamagnetic current and the screening length are calculated by use of quasi-classical Green's function. We show that the surface roughness has a sizable effect, even when a normal layer width is large compared with the coherence length $\xi =v_{\rm F}/\pi T_{\rm c}$. The effect is as large as that of the impurity scattering and also as that of the finite reflection at the N-S interface.Comment: 12 pages, 3 figures. To be published in J. Phys. Soc. Jpn. Vol.71-

Analysis of Delta I =2 staggering in nuclear rotational spectra

A method is proposed and tested for the analysis of Delta I=2 staggering observed in nuclear rotational bands. We examine six super- and hyper-deformed bands, among which that of 149Gd and possibly of 147Gd seem to exhibit real staggering. However, we emphasize that the presence of staggering may not necessarily imply the occurrence of bifurcation. It is also shown that a similar staggering seen in normally deformed bands is a manifestation of band crossings. A more extensive analysis is planned.Comment: 15 pages, Revtex, 15 figures (available upon request at [email protected]

Growth factor restriction impedes progression of wound healing following cataract surgery: identification of VEGF as a putative therapeutic target

Secondary visual loss occurs in millions of patients due to a wound-healing response, known as posterior capsule opacification (PCO), following cataract surgery. An intraocular lens (IOL) is implanted into residual lens tissue, known as the capsular bag, following cataract removal. Standard IOLs allow the anterior and posterior capsules to become physically connected. This places pressure on the IOL and improves contact with the underlying posterior capsule. New open bag IOL designs separate the anterior capsule and posterior capsules and further reduce PCO incidence. It is hypothesised that this results from reduced cytokine availability due to greater irrigation of the bag. We therefore explored the role of growth factor restriction on PCO using human lens cell and tissue culture models. We demonstrate that cytokine dilution, by increasing medium volume, significantly reduced cell coverage in both closed and open capsular bag models. This coincided with reduced cell density and myofibroblast formation. A screen of 27 cytokines identified nine candidates whose expression profile correlated with growth. In particular, VEGF was found to regulate cell survival, growth and myofibroblast formation. VEGF provides a therapeutic target to further manage PCO development and will yield best results when used in conjunction with open bag IOL designs

Effect of molecular and electronic structure on the light harvesting properties of dye sensitizers

The systematic trends in structural and electronic properties of perylene diimide (PDI) derived dye molecules have been investigated by DFT calculations based on projector augmented wave (PAW) method including gradient corrected exchange-correlation effects. TDDFT calculations have been performed to study the visible absorbance activity of these complexes. The effect of different ligands and halogen atoms attached to PDI were studied to characterize the light harvesting properties. The atomic size and electronegativity of the halogen were observed to alter the relaxed molecular geometries which in turn influenced the electronic behavior of the dye molecules. Ground state molecular structure of isolated dye molecules studied in this work depends on both the halogen atom and the carboxylic acid groups. DFT calculations revealed that the carboxylic acid ligands did not play an important role in changing the HOMO-LUMO gap of the sensitizer. However, they serve as anchor between the PDI and substrate titania surface of the solar cell or photocatalyst. A commercially available dye-sensitizer, ruthenium bipyridine (RuBpy), was also studied for electronic and structural properties in order to make a comparison with PDI derivatives for light harvesting properties. Results of this work suggest that fluorinated, chlorinated, brominated, and iyodinated PDI compounds can be useful as sensitizers in solar cells and in artificial photosynthesis.Comment: Single pdf file, 14 pages with 7 figures and 4 table

The use of simulation in the development of human factors guidelines for alarm systems

This paper describes a research program sponsored by the US Nuclear Regulatory Commission to address the human factors engineering (HFE) aspects of nuclear power plant alarm systems. The overall objective of the program is to develop HFE review guidance for advanced alarm systems. As part of this program, guidance was developed based on a broad review and analysis of technical and research literature. In the course of guidance development, aspects of alarm system design for which the technical basis was insufficient to support guidance developed were identified. Experimental research is currently underway to address the highest priority topics: alarm processing and display characteristics. This paper provides an overview of the approach to guidance development and discusses the role of simulation in the development approach. Finally, the current simulator-based experiment is described to illustrate how the alarm system design features are being studied