Mutual Fund Theorem for continuous time markets with random coefficients

We study the optimal investment problem for a continuous time incomplete market model such that the risk-free rate, the appreciation rates and the volatility of the stocks are all random; they are assumed to be independent from the driving Brownian motion, and they are supposed to be currently observable. It is shown that some weakened version of Mutual Fund Theorem holds for this market for general class of utilities; more precisely, it is shown that the supremum of expected utilities can be achieved on a sequence of strategies with a certain distribution of risky assets that does not depend on risk preferences described by different utilities.Comment: 17 page

Transport properties of a molecule embedded in an Aharonov-Bohm interferometer

We theoretically investigate the transport properties of a molecule embedded in one arm of a mesoscopic Aharonov-Bohm interferometer. Due to the presence of phonons the molecule level position ($\epsilon_d$) and the electron-electron interaction ($U$) undergo a \emph{polaronic shift} which affects dramatically the electronic transport through the molecular junction. When the electron-phonon interaction is weak the linear conductance presents Fano-line shapes as long as the direct channel between the electrodes is opened. The observed Fano resonances in the linear conductance are originated from the interference between the spin Kondo state and the direct path. For strong enough electron-phonon interaction, the electron-electron interaction is renormalized towards negative values, {\it i.e.} becomes effectively attractive. This scenario favors fluctuations between the empty and doubly occupied charge states and therefore promotes a charge Kondo effect. However, the direct path between the contacts breaks the electron-hole symmetry which can efficiently suppress this charge Kondo effect. Nevertheless, we show that a proper tuning of the gate voltage is able to revive the Kondo resonance. Our results are obtained by using the Numerical Renormalization approximation to compute the electronic spectral function and the linear conductance.Comment: 17 pages, 12 figure

Electron Temperature of Ultracold Plasmas

We study the evolution of ultracold plasmas by measuring the electron temperature. Shortly after plasma formation, competition between heating and cooling mechanisms drives the electron temperature to a value within a narrow range regardless of the initial energy imparted to the electrons. In agreement with theory predictions, plasmas exhibit values of the Coulomb coupling parameter $\Gamma$ less than 1.Comment: 4 pages, plus four figure

Vortex ring refraction at large Froude numbers

We have experimentally studied the impact of an initially planar axisymmetric vortex ring, incident at an oblique angle, upon a gravity-induced interface separating two fluids of differing densities. After impact, the vortex ring was found to exhibit a variety of subsequent trajectories, which we organize according to both the incidence angle, $\theta_i$, and the interface strength, defined as the ratio of the Atwood and Froude numbers, $A/F$. For grazing incidence angles ($\theta_i \gtrsim 70$ deg.) vortices either penetrate or reflect from the interface, depending on whether the interface is weak or strong. In some cases, reflected vortices execute damped oscillations before finally disintegrating. For smaller incidence angles ($\theta_i \lesssim 70$ deg.) vortices penetrate the interface. When there is a strong interface, these vortices are observed to curve back up toward the interface. When there is a weak interface, these vortices are observed to refract downward, away from the interface. The critical interface strength below which vortex ring refraction is observed is given by $\log_{10}{(A/F)}= -2.38 \pm 0.05$.Comment: 26 pages, 11 figures; Submitted to Physical Review

Revisiting the exercise heart rate-music tempo preference relationship

In the present study, we investigated a hypothesized quartic relationship (meaning three inflection points) between exercise heart rate (HR) and preferred music tempo. Initial theoretical predictions suggested a positive linear relationship (Iwanaga, 1995a, 1995b); however, recent experimental work has shown that as exercise HR increases, step changes and plateaus that punctuate the profile of music tempo preference may occur (Karageorghis, Jones, & Stuart, 2008). Tempi bands consisted of slow (95–100 bpm), medium (115–120 bpm), fast (135–140 bpm), and very fast (155–160 bpm) music. Twenty-eight active undergraduate students cycled at exercise intensities representing 40, 50, 60, 70, 80, and 90% of their maximal HR reserve while their music preference was assessed using a 10-point scale. The Exercise Intensity x Music Tempo interaction was significant, F(6.16, 160.05) = 7.08, p < .001, ηp 2 =.21, as was the test for both cubic and quartic trajectories in the exercise HR–preferred-music-tempo relationship (p < .001). Whereas slow tempo music was not preferred at any exercise intensity, preference for fast tempo increased, relative to medium and very fast tempo music, as exercise intensity increased. The implications for the prescription of music in exercise and physical activity contexts are discussed

Temperature-dependent proximity magnetism in Pt

We experimentally demonstrate the existence of magnetic coupling between two ferromagnets separated by a thin Pt layer. The coupling remains ferromagnetic regardless of the Pt thickness, and exhibits a significant dependence on temperature. Therefore, it cannot be explained by the established mechanisms of magnetic coupling across nonmagnetic spacers. We show that the experimental results are consistent with the presence of magnetism induced in Pt in proximity to ferromagnets, in direct analogy to the well-known proximity effects in superconductivity.Comment: 4 pages, 3 figure

The Futures of Bianchi type VII0 cosmologies with vorticity

We use expansion-normalised variables to investigate the Bianchi type VII$_0$ model with a tilted $\gamma$-law perfect fluid. We emphasize the late-time asymptotic dynamical behaviour of the models and determine their asymptotic states. Unlike the other Bianchi models of solvable type, the type VII$_0$ state space is unbounded. Consequently we show that, for a general non-inflationary perfect fluid, one of the curvature variables diverges at late times, which implies that the type VII$_0$ model is not asymptotically self-similar to the future. Regarding the tilt velocity, we show that for fluids with $\gamma<4/3$ (which includes the important case of dust, $\gamma=1$) the tilt velocity tends to zero at late times, while for a radiation fluid, $\gamma=4/3$, the fluid is tilted and its vorticity is dynamically significant at late times. For fluids stiffer than radiation ($\gamma>4/3$), the future asymptotic state is an extremely tilted spacetime with vorticity.Comment: 23 pages, v2:references and comments added, typos fixed, to appear in CQ

Correlations in nano-scale step fluctuations: comparison of simulation and experiments

We analyze correlations in step-edge fluctuations using the Bortz-Kalos-Lebowitz kinetic Monte Carlo algorithm, with a 2-parameter expression for energy barriers, and compare with our VT-STM line-scan experiments on spiral steps on Pb(111). The scaling of the correlation times gives a dynamic exponent confirming the expected step-edge-diffusion rate-limiting kinetics both in the MC and in the experiments. We both calculate and measure the temperature dependence of (mass) transport properties via the characteristic hopping times and deduce therefrom the notoriously-elusive effective energy barrier for the edge fluctuations. With a careful analysis we point out the necessity of a more complex model to mimic the kinetics of a Pb(111) surface for certain parameter ranges.Comment: 10 pages, 9 figures, submitted to Physical Review

The late-time behaviour of vortic Bianchi type VIII Universes

We use the dynamical systems approach to investigate the Bianchi type VIII models with a tilted $\gamma$-law perfect fluid. We introduce expansion-normalised variables and investigate the late-time asymptotic behaviour of the models and determine the late-time asymptotic states. For the Bianchi type VIII models the state space is unbounded and consequently, for all non-inflationary perfect fluids, one of the curvature variables grows without bound. Moreover, we show that for fluids stiffer than dust ($1<\gamma<2$), the fluid will in general tend towards a state of extreme tilt. For dust ($\gamma=1$), or for fluids less stiff than dust ($0<\gamma< 1$), we show that the fluid will in the future be asymptotically non-tilted. Furthermore, we show that for all $\gamma\geq 1$ the universe evolves towards a vacuum state but does so rather slowly, $\rho/H^2\propto 1/\ln t$.Comment: 19 pages, 3 ps figures, v2:typos fixed, refs and more discussion adde