808 research outputs found

    When hot type was high-tech

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    spring 2008"Remembering the days before desktops"[Story by] Gael L. Coope

    Implicit Bayesian Inference Using Option Prices

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    A Bayesian approach to option pricing is presented, in which posterior inference about the underlying returns process is conducted implicitly via observed option prices. A range of models allowing for conditional leptokurtosis, skewness and time-varying volatility in returns are considered, with posterior parameter distributions and model probabilities backed out from the option prices. Models are ranked according to several criteria, including out-of-sample fit, predictive and hedging performance. The methodology accommodates heteroscedasticity and autocorrelation in the option pricing errors, as well as regime shifts across contract groups. The method is applied to intraday option price data on the S&P500 stock index for 1995. Whilst the results provide support for models which accommodate leptokurtosis, no one model dominates according to all criteria considered.Bayesian Option Pricing; Leptokurtosis; Skewness; GARCH Option Pricing; Option Price Prediction; Hedging Errors.

    Audio Signal Representations for Factorization in the sparse domain

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    International audienceIn this paper, a new class of audio representations is introduced, together with a corresponding fast decomposition algorithm. The main feature of these representations is that they are both sparse and approximately shift-invariant, which allows similarity search in a sparse domain. The common sparse support of detected similar patterns is then used to factorize their representations. The potential of this method for simultaneous structural analysis and compressing tasks is illustrated by preliminary experiments on simple musical data

    Solid-phase Submonomer Synthesis of Peptoid Polymers and their Self-Assembly into Highly-Ordered Nanosheets

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    Peptoids are a novel class of biomimetic, non-natural, sequence-specific heteropolymers that resist proteolysis, exhibit potent biological activity, and fold into higher order nanostructures. Structurally similar to peptides, peptoids are poly N-substituted glycines, where the side chains are attached to the nitrogen rather than the alpha-carbon. Their ease of synthesis and structural diversity allows testing of basic design principles to drive de novo design and engineering of new biologically-active and nanostructured materials

    Group-PCA for very large fMRI datasets

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    Increasingly-large datasets (for example, the resting-state fMRI data from the Human Connectome Project) are demanding analyses that are problematic because of the sheer scale of the aggregate data. We present two approaches for applying group-level PCA; both give a close approximation to the output of PCA applied to full concatenation of all individual datasets, while having very low memory requirements regardless of the number of datasets being combined. Across a range of realistic simulations, we find that in most situations, both methods are more accurate than current popular approaches for analysis of multi-subject resting-state fMRI studies. The group-PCA output can be used to feed into a range of further analyses that are then rendered practical, such as the estimation of group-averaged voxelwise connectivity, group-level parcellation, and group-ICA. (C) 2014 Elsevier Inc. All rights reserved.Peer reviewe

    Vibrational Excitation Mechanism in Tunneling Spectroscopy beyond the Franck-Condon Model

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    Vibronic spectra of molecules are typically described within the Franck-Condon model. Here, we show that highly resolved vibronic spectra of large organic molecules on a single layer of MoS2 on Au(111) show spatial variations in their intensities, which cannot be captured within this picture. We explain that vibrationally mediated perturbations of the molecular wave functions need to be included into the Franck-Condon model. Our simple model calculations reproduce the experimental spectra at arbitrary position of the scanning tunneling microscope’s tip over the molecule in great detail

    As ilhas, os arquivos e a história : o caso dos Açores

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    Nos Açores, a força da geografia define o carácter da história, que evidencia expressões bem diferenciadas. Por um lado, as ilhas agem como meio de aproximação dos continentes, equivalendo a um sinónimo de universalidade, que resulta de um privilegiado posicionamento no Atlântico Norte, movido pelo determinismo do mar e pelas condições da navegação à vela. Por outro lado, as ilhas figuram como factor de cristalização de comportamentos, correspondendo a um sinónimo de isolamento, motivado pelo afastamento do mundo e pela descontinuidade territorial interna. Nestas circunstâncias, os planos insulares de pesquisa histórica primam naturalmente pela pluralidade dos objectivos. Assim, demonstram uma participação muito activa na construção do mundo atlântico, que obriga à integração das investigações açorianas nas categorias mais universais do saber, mas aconselham também à realização de estudos de incidência local, conducentes à individualização de idiossincracias, que derivam da divisão do arquipélago em nove parcelas muito desiguais. Em 1979, por altura da publicação do seu livro O Arquipélago dos Açores no Século XVII: aspectos sócio-económicos (1575-1675), Maria Olímpia da Rocha Gil reconhece precisamente a indispensabilidade do desenvolvimento da investigação histórica açoriana de acordo com duas linhas ao mesmo tempo dissemelhantes e convergentes: “... em primeiro, aquela que nos leva a considerar que a história do arquipélago se integra no longo processo da história do Atlântico; em segundo lugar, a que se orienta para o estudo da evolução histórica local tendo em conta as características que lhe são próprias”. No entanto, desde tempos quase imemoriais, diversos cronistas e historiadores evidenciam um entendimento muito semelhante, que certifica a complexidade dos estudos históricos insulares. A comprová-lo, atentemos nas Saudades da Terra do Doutor Gaspar Frutuoso, redigidas logo no termo do século XVI, que relevam de uma assentada as especificidades locais, as correlações com os demais arquipélagos da Macaronésia e o envolvimento nas dinâmicas do Atlântico. [...

    Palmitate and insulin synergistically induce IL-6 expression in human monocytes

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    <p>Abstract</p> <p>Background</p> <p>Insulin resistance is associated with a proinflammatory state that promotes the development of complications such as type 2 diabetes mellitus (T2DM) and atherosclerosis. The metabolic stimuli that initiate and propagate proinflammatory cytokine production and the cellular origin of proinflammatory cytokines in insulin resistance have not been fully elucidated. Circulating proinflammatory monocytes show signs of enhanced inflammation in obese, insulin resistant subjects and are thus a potential source of proinflammatory cytokine production. The specific, circulating metabolic factors that might stimulate monocyte inflammation in insulin resistant subjects are poorly characterized. We have examined whether saturated nonesterified fatty acids (NEFA) and insulin, which increase in concentration with developing insulin resistance, can trigger the production of interleukin (IL)-6 and tumor necrosis factor (TNF)-α in human monocytes.</p> <p>Methods</p> <p>Messenger RNA and protein levels of the proinflammatory cytokines IL-6 and TNF-α were measured by quantitative real-time PCR (qRT-PCR) and Luminex bioassays. Student's <it>t</it>-test was used with a significance level of <it>p </it>< 0.05 to determine significance between treatment groups.</p> <p>Results</p> <p>Esterification of palmitate with coenzyme A (CoA) was necessary, while β-oxidation and ceramide biosynthesis were not required, for the induction of IL-6 and TNF-α in THP-1 monocytes. Monocytes incubated with insulin and palmitate together produced more IL-6 mRNA and protein, and more TNF-α protein, compared to monocytes incubated with palmitate alone. Incubation of monocytes with insulin alone did not affect the production of IL-6 or TNF-α. Both PI3K-Akt and MEK/ERK signalling pathways are important for cytokine induction by palmitate. MEK/ERK signalling is necessary for synergistic induction of IL-6 by palmitate and insulin.</p> <p>Conclusions</p> <p>High levels of saturated NEFA, such as palmitate, when combined with hyperinsulinemia, may activate human monocytes to produce proinflammatory cytokines and support the development and propagation of the subacute, chronic inflammatory state that is characteristic of insulin resistance. Results with inhibitors of β-oxidation and ceramide biosynthesis pathways suggest that increased fatty acid flux through the glycerolipid biosynthesis pathway may be involved in promoting proinflammatory cytokine production in monocytes.</p
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