SLE-type growth processes and the Yang-Lee singularity

The recently introduced SLE growth processes are based on conformal maps from an open and simply-connected subset of the upper half-plane to the half-plane itself. We generalize this by considering a hierarchy of stochastic evolutions mapping open and simply-connected subsets of smaller and smaller fractions of the upper half-plane to these fractions themselves. The evolutions are all driven by one-dimensional Brownian motion. Ordinary SLE appears at grade one in the hierarchy. At grade two we find a direct correspondence to conformal field theory through the explicit construction of a level-four null vector in a highest-weight module of the Virasoro algebra. This conformal field theory has central charge c=-22/5 and is associated to the Yang-Lee singularity. Our construction may thus offer a novel description of this statistical model.Comment: 12 pages, LaTeX, v2: thorough revision with corrections, v3: version to be publishe

Factors determining exchange rates : a simple model and empirical tests

An abstract for this article is not availableEquilibrium (Economics)

Transforming fixed-length self-avoiding walks into radial SLE_8/3

We conjecture a relationship between the scaling limit of the fixed-length ensemble of self-avoiding walks in the upper half plane and radial SLE with kappa=8/3 in this half plane from 0 to i. The relationship is that if we take a curve from the fixed-length scaling limit of the SAW, weight it by a suitable power of the distance to the endpoint of the curve and then apply the conformal map of the half plane that takes the endpoint to i, then we get the same probability measure on curves as radial SLE. In addition to a non-rigorous derivation of this conjecture, we support it with Monte Carlo simulations of the SAW. Using the conjectured relationship between the SAW and radial SLE, our simulations give estimates for both the interior and boundary scaling exponents. The values we obtain are within a few hundredths of a percent of the conjectured values