The Kelly criterion for spread bets

The optimal betting strategy for a gambler betting on a discrete number of outcomes was determined by Kelly (1956, A new interpretation of information rate. J. Oper. Res. Soc., 57, 975–985). Here, the corresponding problem is examined for spread betting, which may be considered to have a continuous distribution of possible outcomes. Since the formulae for individual events are complicated, the asymptotic limit in which the gamblers edge is small is examined, which results in universal formulae for the optimal fraction of the bank to wager, the probability of bankruptcy and the distribution function of the gamblers total capital

Overview on jet results from STAR

Full jet reconstruction allows access to the parton kinematics over a large energy domain and can be used to constrain the mechanisms of energy loss in heavy-ion collisions. Such measurements are challenging at RHIC, due to the high-multiplicity environments created in heavy-ion collisions. In these proceedings, we report an overview of the results on full jet reconstruction obtained by the STAR experiment. Jet measurements in 200 GeV p+p show that jets are calibrated pQCD probes and provide a baseline for jet measurements in Au+Au collisions. Inclusive differential jet production cross sections and ratios are reported for central 200 GeV Au+Au collisions and compared to p+p. We also present measurements of fully reconstructed di-jets at mid-rapidity, and compare spectra and fragmentation functions in p+p and central Au+Au collisions.Comment: Proceedings for the 26th WWND conferenc

The Antares Neutrino Telescope and Multi-Messenger Astronomy

Antares is currently the largest neutrino telescope operating in the Northern Hemisphere, aiming at the detection of high-energy neutrinos from astrophysical sources. Such observations would provide important clues about the processes at work in those sources, and possibly help solve the puzzle of ultra-high energy cosmic rays. In this context, Antares is developing several programs to improve its capabilities of revealing possible spatial and/or temporal correlations of neutrinos with other cosmic messengers: photons, cosmic rays and gravitational waves. The neutrino telescope and its most recent results are presented, together with these multi-messenger programs.Comment: 10 pages, 7 figures. Proceedings of the 14th Gravitational Wave Data Analysis Workshop (GWDAW-14) in Roma - January 26th-29th, 201

Teaching Index Numbers to economists

Economic statistics are frequently reported in the form of index numbers. This article considers how the field of Index Numbers should be approached in the teaching of a general economic degree. While the topic finds a natural home in statistics modules, it is emphasised that the area can also be referred to in the teaching of other areas of economics. It is also emphasised that the differences between Index Numbers theory and the practice of compiling economic statistics such as inflation can help students gain a better understanding of applied economic statistics. Methods for assessing learning in the area are also considered and available material to support teaching is also summarised

Jet-hadron correlations in STAR

Advancements in full jet reconstruction have made it possible to use jets as triggers in azimuthal angular correlations to study the modification of hard-scattered partons in the medium created in ultrarelativistic heavy-ion collisions. This increases the range of parton energies accessible in these analyses and improves the signal-to-background ratio compared to dihadron correlations. Results of a systematic study of jet-hadron correlations in central Au-Au collisions at sqrt(s_NN) = 200 GeV are indicative of a broadening and softening of jets which interact with the medium. Furthermore, jet-hadron correlations suggest that the suppression of the associated hadron yield at high-pT is balanced in large part by low-pT enhancement.Comment: 4 pages, 2 figures, proceedings for Quark Matter 201