Insurance loss coverage and social welfare

Restrictions on insurance risk classification may induce adverse selection, which is usually perceived as a bad outcome, both for insurers and for society. However, a social benefit of modest adverse selection is that it can lead to an increase in `loss coverage', defined as expected losses compensated by insurance for the whole population. We reconcile the concept of loss coverage to a utilitarian concept of social welfare commonly found in economic literature on risk classification. For iso-elastic insurance demand, ranking risk classification schemes by (observable) loss coverage always gives the same ordering as ranking by (unobservable) social welfare

Trapping of magnetic flux by the plunge region of a black hole accretion disk

The existence of the radius of marginal stability means that accretion flows around black holes invariably undergo a transition from a MHD turbulent disk-like flow to an inward plunging flow. We argue that the plunging inflow can greatly enhance the trapping of large scale magnetic field on the black hole, and therefore may increase the importance of the Blandford-Znajek (BZ) effect relative to previous estimates that ignore the plunge region. We support this hypothesis by constructing and analyzing a toy-model of the dragging and trapping of a large scale field by a black hole disk, revealing a strong dependence of this effect on the effective magnetic Prandtl number of the MHD turbulent disk. Furthermore, we show that the enhancement of the BZ effect depends on the geometric thickness of the accretion disk. This may be, at least in part, the physical underpinnings of the empirical relation between the inferred geometric thickness of a black hole disk and the presence of a radio jet.Comment: 18 pages, 3 figures, accepted for publication in the Astrophysical Journal. See http://www.astro.umd.edu/~chris/publications/movies/flux_trapping.html for animation

Quantum Dots in Strong Magnetic Fields: Stability Criteria for the Maximum Density Droplet

In this article we discuss the ground state of a parabolically confined quantum dots in the limit of very strong magnetic fields where the electron system is completely spin-polarized and all electrons are in the lowest Landau level. Without electron-electron interactions the ground state is a single Slater determinant corresponding to a droplet centered on the minimum of the confinement potential and occupying the minimum area allowed by the Pauli exclusion principle. Electron-electron interactions favor droplets of larger area. We derive exact criteria for the stability of the maximum density droplet against edge excitations and against the introduction of holes in the interior of the droplet. The possibility of obtaining exact results in the strong magnetic field is related to important simplifications associated with broken time-reversal symmetry in a strong magnetic field.Comment: 17 pages, 5 figures (not included), RevTeX 3.0. (UCF-CM-93-002

Neonatal weight loss in breast and formula-fed infants

We have observed an increase in the number of breast fed babies presenting with dehydration and/or failure to thrive because of lactation failure and non-recognition of feeding problems. Recent reports1,2 support this experience and recommend monitoring of the weight of infants through the neonatal period. However, these reports acknowledge uncertainty as to what actually constitutes normal neonatal weight loss. Maisels and colleagues published two studies which have been quoted as giving guidance on normal loss. Both studies were designed primarily to study factors that influence breast milk jaundice. The first3 reported a mean weight loss of about 6% in 100 unselected well babies during the first 3 days. The subsequent study4 reported a mean weight loss of 6.86% in 186 infants. The timescale over which babies were weighed was not clearly indicated, although it may have only been 2-3 days. The sample was neither population based nor randomly selected, being largely preselected because of the presence of more pronounced jaundice. The distribution of data points for early neonatal weight loss are likely to be skewed, yet both studies reported the results as mean (SD). Owing to the design and method of data presentation, these studies cannot reliably inform the debate as to what constitutes the norm. Marchini and colleagues published reports also designed primarily to study other issues. One5 indicated a mean early weight loss of 5.7%. Measurements were recorded over a three day period, and no indication is given of the skewness of the data. Another study6 reported a median weight loss of about 6% recorded over a four day period. At least one baby lost > 15% of his/her birth weight during this time, but there is no clear information as to the frequency with which more extreme degrees of weight loss are observed

Development of a portable precision landing system

A portable, tactical approach guidance (PTAG) system, based on a novel, X-band, precision approach concept, was developed and flight tested as a part of NASA's Rotorcraft All-Weather Operations Research Program. The system is based on state-of-the-art X-band technology and digital processing techniques. The PTAG airborne hardware consists of an X-band receiver and a small microprocessor installed in conjunction with the aircraft instrument landing system (ILS) receiver. The microprocessor analyzes the X-band, PTAG pulses and outputs ILS compatible localizer and glide slope signals. The ground stations are inexpensive, portable units, each weighing less than 85 lb, including battery, that can be quickly deployed at a landing site. Results from the flight test program show that PTAG has a significant potential for providing tactical aircraft with low cost, portable, precision instrument approach capability