The origins of bubbles in laboratory asset markets

In twelve sessions conducted in a typical bubble-generating experimental environment, we design a pair of assets that can detect both irrationality and speculative behavior. The specific form of irrationality we investigate is probability judgment error associated with low-probability, high-payoff outcomes. Independently, we test for speculation by comparing prices of identically paying assets in multiperiod versus single-period markets. When these tests indicate the presence of probability judgment error and speculation, bubbles are more likely to occur. This finding suggests that both factors are important bubble drivers.

Dileptons from Disoriented Chiral Condensates

Disoriented chiral condensates or long wavelength pionic oscillations and their interaction with the thermal environment can be a significant source of dileptons. We calculate the yield of such dilepton production within the linear sigma model, both in a quantal mean-field treatment and in a semi-classical approximation. We then illustrate the basic features of the dilepton spectrum in a schematic model. We find that dilepton yield with invariant mass near and below $2m_{\pi}$ due to the soft pion modes can be up to two orders of magnitude larger than the corresponding equilibrium yield.Comment: 22 pages, 8 figures, uses epsf-styl

Relativistic Kinetic Equations for Electromagnetic, Scalar and Pseudoscalar Interactions

We derive the kinetic equations for both the covariant and equal-time Wigner functions of Dirac particles with electromagnetic, scalar and pseudoscalar interactions. We emphasize the constraint equations for the spinor components in the equal-time formulation.Comment: 12 pages, no figures, revte

Back-reaction in a cylinder

A system is studied in which initially a strong classical electric field exists within an infinitely-long cylinder and no charges are present. Subsequently, within the cylinder, pairs of charged particles tunnel out from the vacuum and the current produced through their acceleration by the field acts back on the field, setting up plasma oscillations. This yields a rough model of phenomena that may occur in the pre-equilibrium formation phase of a quark-gluon plasma. In an infinite volume, this back-reaction has been studied in a field-theory description, and it has been found that the results of a full calculation of this sort are well represented in a much simpler transport formalism. It is the purpose here to explore that comparison for a situation involving a cylindrical volume of given radius.Comment: 19 pages plus 13 figure

Particle Production and Effective Thermalization in Inhomogeneous Mean Field Theory

As a toy model for dynamics in nonequilibrium quantum field theory we consider the abelian Higgs model in 1+1 dimensions with fermions. In the approximate dynamical equations, inhomogeneous classical (mean) Bose fields are coupled to quantized fermion fields, which are treated with a mode function expansion. The effective equations of motion imply e.g. Coulomb scattering, due to the inhomogeneous gauge field. The equations are solved numerically. We define time dependent fermion particle numbers with the help of the single-time Wigner function and study particle production starting from inhomogeneous initial conditions. The particle numbers are compared with the Fermi-Dirac distribution parametrized by a time dependent temperature and chemical potential. We find that the fermions approximately thermalize locally in time.Comment: 16 pages + 6 eps figures, some clarifications and two references added, typos corrected; to appear in Phys.Rev.

Pair creation: back-reactions and damping

We solve the quantum Vlasov equation for fermions and bosons, incorporating spontaneous pair creation in the presence of back-reactions and collisions. Pair creation is initiated by an external impulse field and the source term is non-Markovian. A simultaneous solution of Maxwell's equation in the presence of feedback yields an internal current and electric field that exhibit plasma oscillations with a period tau_pl. Allowing for collisions, these oscillations are damped on a time-scale, tau_r, determined by the collision frequency. Plasma oscillations cannot affect the early stages of the formation of a quark-gluon plasma unless tau_r >> tau_pl and tau_pl approx. 1/Lambda_QCD approx 1 fm/c.Comment: 16 pages, 6 figure, REVTEX, epsfig.st

Initial Time Singularities in Non-Equilibrium Evolution of Condensates and Their Resolution in the Linearized Approximation

The real time non-equilibrium evolution of condensates in field theory requires an initial value problem specifying an initial quantum state or density matrix. Arbitrary specifications of the initial quantum state (pure or mixed) results in initial time singularities which are not removed by the usual renormalization counterterms. We study the initial time singularities in the linearized equation of motion for the scalar condensate in a renormalizable Yukawa theory in 3+1 dimensions. In this renormalizable theory the initial time singularities are enhanced. We present a consistent method for removing these initial time singularities by specifying initial states where the distribution of high energy quanta is determined by the initial conditions and the interaction effects. This is done through a Bogoliubov transformation which is consistently obtained in a perturbative expansion.The usual renormalization counterterms and the proper choice of the Bogoliubov coefficients lead to a singularity free evolution equation. We establish the relationship between the evolution equations in the linearized approximation and linear response theory. It is found that only a very specific form of the external source for linear response leads to a real time evolution equation which is singularity free. We focus on the evolution of spatially inhomogeneous scalar condensates by implementing the initial state preparation via a Bogoliubov transformation up to one-loop. As a concrete application, the evolution equation for an inhomogenous condensate is solved analytically and the results are carefully analyzed. Symmetry breaking by initial quantum states is discussed.Comment: LaTex, 26 pages, 2 .ps figure

A kinetic approach to eta' production from a CP-odd phase

The production of (eta,eta')- mesons during the decay of a CP-odd phase is studied within an evolution operator approach. We derive a quantum kinetic equation starting from the Witten-DiVecchia-Veneziano Lagrangian for pseudoscalar mesons containing a U_A(1) symmetry breaking term. The non-linear vacuum mean field for the flavour singlet pseudoscalar meson is treated as a classical, self-interacting background field with fluctuations assumed to be small. The numerical solution provides the time evolution of momentum distribution function of produced eta'- mesons after a quench at the deconfinement phase transition. We show that the time evolution of the momentum distribution of the produced mesons depend strongly on the shape of the effective potential at the end of the quench, exhibiting either parametric or tachyonic resonances. Quantum statistical effects are essential and lead to a pronounced Bose enhancement of the low momentum states.Comment: 10 pages, latex, epsfig, 6 figure

Collapse of Flux Tubes

The dynamics of an idealized, infinite, MIT-type flux tube is followed in time as the interior evolves from a pure gluon field to a $\overline q \ q$ plasma. We work in color U(1). $\overline q\ q$ pair formation is evaluated according to the Schwinger mechanism using the results of Brink and Pavel. The motion of the quarks toward the tube endcaps is calculated by a Boltzmann equation including collisions. The tube undergoes damped radial oscillations until the electric field settles down to zero. The electric field stabilizes the tube against pinch instabilities; when the field vanishes, the tube disintegrates into mesons. There is only one free parameter in the problem, namely the initial flux tube radius, to which the results are very sensitive. Among various quantities calculated is the mean energy of the emitted pions.Comment: 16 pages plus 12 figures. RevTex3. DOE/ER/40427-160N9

Schwinger Mechanism for Gluon Pair Production in the Presence of Arbitrary Time Dependent Chromo-Electric Field

We study Schwinger mechanism for gluon pair production in the presence of arbitrary time-dependent chromo-electric background field $E^a(t)$ with arbitrary color index $a$=1,2,...8 in SU(3) by directly evaluating the path integral. We obtain an exact expression for the probability of non-perturbative gluon pair production per unit time per unit volume and per unit transverse momentum $\frac{dW}{d^4x d^2p_T}$ from arbitrary $E^a(t)$. We show that the tadpole (or single gluon) effective action does not contribute to the non-perturbative gluon pair production rate $\frac{dW}{d^4x d^2p_T}$. We find that the exact result for non-perturbative gluon pair production is independent of all the time derivatives $\frac{d^nE^a(t)}{dt^n}$ where $n=1,2,....\infty$ and has the same functional dependence on two casimir invariants $[E^a(t)E^a(t)]$ and $[d_{abc}E^a(t)E^b(t)E^c(t)]^2$ as the constant chromo-electric field $E^a$ result with the replacement: $E^a \to E^a(t)$. This result may be relevant to study the production of a non-perturbative quark-gluon plasma at RHIC and LHC.Comment: 13 pages latex, Published in European Physical Journal