Rabi Oscillations in Systems with Small Anharmonicity

When a two-level quantum system is irradiated with a microwave signal, in resonance with the energy difference between the levels, it starts Rabi oscillation between those states. If there are other states close, in energy, to the first two, the Rabi signal will also induce transition to those. Here, we study the probability of transition to the third state, in a three-level system, while a Rabi oscillation between the first two states is performed. We investigate the effect of pulse shaping on the probability and suggest methods for optimizing pulse shapes to reduce transition probability.Comment: 7 pages, 7 figure

Welcome to the Dark Side - Hedge Fund Attrition and Survivorship Bias over the period 1994-2001

Hedge funds exhibit a high rate of attrition that has increased substantially over time. Using data over the period 1994-2001, we show that lack of size, lack of performance and an increasingly aggressive attitude of old and new fund managers alike are the main factors behind this. Although attrition is high, survivorship bias in hedge fund data is quite modest, which reflects the relatively small difference in performance between surviving and defunct funds. Concentrating on survivors only will overestimate the average hedge fund return by around 2% per annum. For small, young, and leveraged funds, however, the bias can be as high as 4-6%. We also find significant survivorship bias in estimates of the standard deviation, skewness and kurtosis of individual hedge fund returns. When not corrected for, this will lead investors to seriously overestimate the benefits of hedge funds. We find fund of funds attrition to be much lower than for hedge funds. Combined with a small difference in performance between surviving and defunct funds of funds, this yields relatively low survivorship bias estimates for funds of funds.

Mesoscopic multiterminal Josephson structures: I. Effects of nonlocal weak coupling

We investigate nonlocal coherent transport in ballistic four-terminal Josephson structures (where bulk superconductors (terminals) are connected through a clean normal layer, e.g., a two-dimensional electron gas). Coherent anisotropic superposition of macroscopic wave functions of the superconductors in the normal region produces phase slip lines (2D analogs to phase slip centres) and time-reversal symmetry breaking 2D vortex states in it, as well as such effects as phase dragging and magnetic flux transfer. The tunneling density of local Andreev states in the normal layer was shown to contain peaks at the positions controlled by the phase differences between the terminals. We have obtained general dependence of these effects on the controlling supercurrent/phase differences between the terminals of the ballistic mesoscopic four-terminal SQUID.Comment: 18 pages, 11 figure

Macroscopic Resonant Tunneling in the Presence of Low Frequency Noise

We develop a theory of macroscopic resonant tunneling of flux in a double-well potential in the presence of realistic flux noise with significant low-frequency component. The rate of incoherent flux tunneling between the wells exhibits resonant peaks, the shape and position of which reflect qualitative features of the noise, and can thus serve as a diagnostic tool for studying the low-frequency flux noise in SQUID qubits. We show, in particular, that the noise-induced renormalization of the first resonant peak provides direct information on the temperature of the noise source and the strength of its quantum component.Comment: 4 pages, 1 figur

Quasiclassical calculation of spontaneous current in restricted geometries

Calculation of current and order parameter distribution in inhomogeneous superconductors is often based on a self-consistent solution of Eilenberger equations for quasiclassical Green's functions. Compared to the original Gorkov equations, the problem is much simplified due to the fact that the values of Green's functions at a given point are connected to the bulk ones at infinity (boundary values) by ``dragging'' along the classical trajectories of quasiparticles. In finite size systems, where classical trajectories undergo multiple reflections from surfaces and interfaces, the usefulness of the approach is no longer obvious, since there is no simple criterion to determine what boundary value a trajectory corresponds to, and whether it reaches infinity at all. Here, we demonstrate the modification of the approach based on the Schophol-Maki transformation, which provides the basis for stable numerical calculations in 2D. We apply it to two examples: generation of spontaneous currents and magnetic moments in isolated islands of d-wave superconductor with subdominant order-parameters s and d_{xy}, and in a grain boundary junction between two arbitrarily oriented d-wave superconductors. Both examples are relevant to the discussion of time-reversal symmetry breaking in unconventional superconductors, as well as for application in quantum computing.Comment: 6 pages, Submitted for publication in the proceedings of MS+S2002 conference, Japa