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Are World Leaders Loss Averse?
© Munich Society for the Promotion of Economic Research - CESifo Gmb
Deep Recurrent Modelling of Stationary Bitcoin Price Formation Using the Order Flow
In this paper we propose a deep recurrent model based on the order flow for
the stationary modelling of the high-frequency directional prices movements.
The order flow is the microsecond stream of orders arriving at the exchange,
driving the formation of prices seen on the price chart of a stock or currency.
To test the stationarity of our proposed model we train our model on data
before the 2017 Bitcoin bubble period and test our model during and after the
bubble. We show that without any retraining, the proposed model is temporally
stable even as Bitcoin trading shifts into an extremely volatile "bubble
trouble" period. The significance of the result is shown by benchmarking
against existing state-of-the-art models in the literature for modelling price
formation using deep learning.Comment: 10 pages, The 19th International Conference on Artificial
Intelligence and Soft Computin
Variables associated with odds of finishing and finish time in a 161-km ultramarathon
We sought to determine the degree to which age, sex, calendar year, previous event experience and ambient race day temperature were associated with finishing a 100-mile (161-km) trail running race and with finish time in that race. We computed separate generalized linear mixed-effects regression models for (1) odds of finishing and (2) finish times of finishers. Every starter from 1986 to 2007 was used in computing the models for odds of finishing (8,282 starts by 3,956 individuals) and every finisher in the same period was included in the models for finish time (5,276 finishes). Factors associated with improved odds of finishing included being a first-time starter and advancing calendar year. Factors associated with reduced odds of finishing included advancing age above 38Â years and warmer weather. Beyond 38Â years of age, women had worse odds of finishing than men. Warmer weather had a similar effect on finish rates for men and women. Finish times were slower with advancing age, slower for women than men, and less affected by warm weather for women than for men. Calendar year was not associated with finish time after adjustment for other variables
Clathrin heavy chain 22 controls biogenesis of the human glucose transporter 4 storage compartment from the early secretory pathway
Bounded Temporal Fairness for FIFO Financial Markets
Financial exchange operators cater to the needs of their users while
simultaneously ensuring compliance with the financial regulations. In this
work, we focus on the operators' commitment for fair treatment of all competing
participants. We first discuss unbounded temporal fairness and then investigate
its implementation and infrastructure requirements for exchanges. We find that
these requirements can be fully met only under ideal conditions and argue that
unbounded fairness in FIFO markets is unrealistic. To further support this
claim, we analyse several real-world incidents and show that subtle
implementation inefficiencies and technical optimizations suffice to give
unfair advantages to a minority of the participants. We finally introduce,
{\epsilon}-fairness, a bounded definition of temporal fairness and discuss how
it can be combined with non-continuous market designs to provide equal
participant treatment with minimum divergence from the existing market
operation
Two Planets, One Species: Does a Mission to Mars Alter the Balance in Favour of Human Enhancement?
In this chapter we examine the implications of a crewed mission to Mars, possible colonisation of the planet, and the wider implications this may have on genetic enhancement in both a terrestrial and space context. We consider the usage of both somatic and germ-line genetic engineering, and its potential impact on the evolution of Homo sapiens. We acknowledge that a mission to Mars may require the usage of such technologies if it is to be successful. Our investigation suggests that the use of such technologies might ultimately be linked with the transformation of our own species. We also consider projected timescales for the development of these genetic enhancements and the ethical questions raised by the possibility of speciation. Cooperation among spacefaring nations in this context and the development of norms for the use of such technologies is desirable
An unusual presentation of an unusual disease: infective endocarditis: a case report and review of the literature
It is normal to have patients to present with agitation to the emergency department. The history could be suggestive of the diagnosis in most. When an apparently healthy young man comes to the hospital agitated, without any history of fever or trauma, it is not an easy one to diagnose. This is a case report of a 35 year old gentleman who presented with such a history and the final diagnosis turned out to be a usual disease. Hence any patient presenting with neurological manifestations as agitation, one should consider cardiac causes such as Infective Endocarditis if no other obvious cause is found initially
An unusual presentation of an unusual disease: infective endocarditis: a case report and review of the literature
It is normal to have patients to present with agitation to the emergency department. The history could be suggestive of the diagnosis in most. When an apparently healthy young man comes to the hospital agitated, without any history of fever or trauma, it is not an easy one to diagnose. This is a case report of a 35 year old gentleman who presented with such a history and the final diagnosis turned out to be a usual disease. Hence any patient presenting with neurological manifestations as agitation, one should consider cardiac causes such as Infective Endocarditis if no other obvious cause is found initially
Astrobiological Complexity with Probabilistic Cellular Automata
Search for extraterrestrial life and intelligence constitutes one of the
major endeavors in science, but has yet been quantitatively modeled only rarely
and in a cursory and superficial fashion. We argue that probabilistic cellular
automata (PCA) represent the best quantitative framework for modeling
astrobiological history of the Milky Way and its Galactic Habitable Zone. The
relevant astrobiological parameters are to be modeled as the elements of the
input probability matrix for the PCA kernel. With the underlying simplicity of
the cellular automata constructs, this approach enables a quick analysis of
large and ambiguous input parameters' space. We perform a simple clustering
analysis of typical astrobiological histories and discuss the relevant boundary
conditions of practical importance for planning and guiding actual empirical
astrobiological and SETI projects. In addition to showing how the present
framework is adaptable to more complex situations and updated observational
databases from current and near-future space missions, we demonstrate how
numerical results could offer a cautious rationale for continuation of
practical SETI searches.Comment: 37 pages, 11 figures, 2 tables; added journal reference belo
The emerging structure of the Extended Evolutionary Synthesis: where does Evo-Devo fit in?
The Extended Evolutionary Synthesis (EES) debate is gaining ground in contemporary evolutionary biology. In parallel, a number of philosophical standpoints have emerged in an attempt to clarify what exactly is represented by the EES. For Massimo Pigliucci, we are in the wake of the newest instantiation of a persisting Kuhnian paradigm; in contrast, Telmo Pievani has contended that the transition to an EES could be best represented as a progressive reformation of a prior Lakatosian scientific research program, with the extension of its Neo-Darwinian core and the addition of a brand-new protective belt of assumptions and auxiliary hypotheses. Here, we argue that those philosophical vantage points are not the only ways to interpret what current proposals to âextendâ the Modern Synthesis-derived âstandard evolutionary theoryâ (SET) entail in terms of theoretical change in evolutionary biology. We specifically propose the image of the emergent EES as a vast network of models and interweaved representations that, instantiated in diverse practices, are connected and related in multiple ways. Under that assumption, the EES could be articulated around a paraconsistent network of evolutionary theories (including some elements of the SET), as well as models, practices and representation systems of contemporary evolutionary biology, with edges and nodes that change their position and centrality as a consequence of the co-construction and stabilization of facts and historical discussions revolving around the epistemic goals of this area of the life sciences. We then critically examine the purported structure of the EESâpublished by Laland and collaborators in 2015âin light of our own network-based proposal. Finally, we consider which epistemic units of Evo-Devo are present or still missing from the EES, in preparation for further analyses of the topic of explanatory integration in this conceptual framework
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