Prediction Markets: Alternative Mechanisms for Complex Environments with Few Traders

Double auction prediction markets have proven successful in large-scale applications such as elections and sporting events. Consequently, several large corporations have adopted these markets for smaller-scale internal applications where information may be complex and the number of traders is small. Using laboratory experiments, we test the performance of the double auction in complex environments with few traders and compare it to three alternative mechanisms. When information is complex we find that an iterated poll (or Delphi method) outperforms the double auction mechanism. We present five behavioral observations that may explain why the poll performs better in these settings

Magnetic-Field-Induced 4f-Octupole in CeB6 Probed by Resonant X-ray Diffraction

CeB6, a typical Gamma_8-quartet system, exhibits a mysterious antiferroquadrupolar ordered phase in magnetic fields, which is considered as originating from the T_{xyz}-type magnetic octupole moment induced by the field. By resonant x-ray diffraction in magnetic fields, we have verified that the T_{xyz}-type octupole is indeed induced in the 4f-orbital of Ce with a propagation vector (1/2, 1/2, 1/2), thereby supporting the theory. We observed an asymmetric field dependence of the intensity for an electric quadrupole (E2) resonance when the field was reversed, and extracted a field dependence of the octupole by utilizing the interference with an electric dipole (E1) resonance. The result is in good agreement with that of the NMR-line splitting, which reflects the transferred hyperfine field at the Boron nucleus from the anisotropic spin distribution of Ce with an O_{xy}-type quadrupole. The field-reversal method used in the present study opens up the possibility of being widely applied to other multipole ordering systems such as NpO2, Ce_{x}La_{1-x}B_{6}, SmRu_{4}P_{12}, and so on.Comment: 5 pages, 4 figures, submitte

Matrix Model Maps and Reconstruction of AdS SUGRA Interactions

We consider the question of reconstructing (cubic) SUGRA interactions in AdS/CFT. The method we introduce is based on the matrix model maps (MMP) which were previously successfully employed at the linearized level. The strategy is to start with the map for 1/2 BPS configurations which is exactly known (to all orders) in the hamiltonian framework. We then use the extension of the matrix model map with the corresponding Ward identities to completely specify the interaction. A central point in this construction is the non-vanishing of off-shell interactions (even for highest-weight states).Comment: 28 page

Simultaneous multiwavelength observations of V404 Cygni during its 2015 June outburst decay strengthen the case for an extremely energetic jet-base

We present results of multiband optical photometry of the black hole X-ray binary system V404 Cygni obtained using Wheaton College Observatory's 0.3m telescope, along with strictly simultaneous INTEGRAL and Swift observations during 2015 June 25.15--26.33 UT, and 2015 June 27.10--27.34 UT. These observations were made during the 2015 June outburst of the source when it was going through an epoch of violent activity in all wavelengths ranging from radio to $\gamma$-rays. The multiwavelength variability timescale favors a compact emission region, most likely originating in a jet outflow, for both observing epochs presented in this work. The simultaneous INTEGRAL/Imager on Board the Integral Satellite (IBIS) 20--40 keV light curve obtained during the June 27 observing run correlates very strongly with the optical light curve, with no detectable delay between the optical bands as well as between the optical and hard X-rays. The average slope of the dereddened spectral energy distribution was roughly flat between the $I_C$- and $V$-bands during the June 27 run, even though the optical and X-ray flux varied by $>$25$\times$ during the run, ruling out an irradiation origin for the optical and suggesting that the optically thick to optically thin jet synchrotron break during the observations was at a frequency larger than that of $V$-band, which is quite extreme for X-ray binaries. These observations suggest that the optical emission originated very close to the base of the jet. A strong H$\alpha$ emission line, probably originating in a quasi-spherical nebula around the source, also contributes significantly in the $R_C$-band. Our data, in conjunction with contemporaneous data at other wavelengths presented by other groups, strongly suggest that the jet-base was extremely compact and energetic during this phase of the outburst.Comment: 15 pages, 2 tables, 5 figures. Accepted for publication in Ap

Long-range order and low-energy magnetic excitations in CeRu2Al10

The nature of the unconventional ordered phase occurring in CeRu2Al10 below T0 = 27 K was investigated by neutron scattering. Powder diffraction patterns show clear superstructure peaks corresponding to forbidden (h + k)-odd reflections of the Cmcm space group. Inelastic neutron scattering experiments further reveal a pronounced magnetic excitation developing in the ordered phase at an energy of 8 meV.Comment: 5 pages; 4 figure

High-field magnetization and magnetic phase transition in CeOs2Al10

We have studied the magnetization of CeOs2Al10 in high magnetic fields up to 55 T for H // a and constructed the magnetic phase diagram for H // a. The magnetization curve shows a concave H dependence below T_max \sim40 K which is higher than the transition temperature T_0 \sim29 K. The magnetic susceptibility along the a-axis shows a smooth and continuous decrease down to \sim20 K below T_max \sim40 K without showing an anomaly at T_0. From these two results, a Kondo singlet is formed below T_max and coexists with the antiferro magnetic order below T_0. We also propose that the larger suppression of the spin degrees of freedom along the a-axis than along the c-axis below T_max is associated with the origin of the antiferro magnetic component.Comment: 4 pages, 4 figures, to appear in Phys. Rev. B, Rapid Commu

Tachyon Backgrounds in 2D String Theory

We consider the construction of tachyonic backgrounds in two-dimensional string theory, focusing on the Sine-Liouville background. This can be studied in two different ways, one within the context of collective field theory and the other via the formalism of Toda integrable systems. The two approaches are seemingly different. The latter involves a deformation of the original inverted oscillator potential while the former does not. We perform a comparison by explicitly constructing the Fermi surface in each case, and demonstrate that the two apparently different approaches are in fact equivalent.Comment: 25 pages, no figure