Discrete fuzzy system orbits as a portfolio selection method

[EN] The purpose of this work is to approach the portfolio selection problem from a particular System Theory framework. The System will be formed by the set of public companies in the portfolio and a set of fuzzy relations on those companies. Starting with an equally split portfolio represented by a fuzzy set B, the orbit of B is computed for a particular period obtaining a portfolio to invest in the next period. We present an example ¿nding nine portfolios to invest in 9 months and we compare them with some optimal portfolios in the ef¿cient frontier given by the Modern Portfolio Theory and with some random generated portfolios. We ¿nd a better performance in returns for the portfolio based on the systemic method.Perez-Gonzaga, S.; Jordán Núñez, J.; Miró Martínez, P. (2017). Discrete fuzzy system orbits as a portfolio selection method. Operational Research (Online). doi:10.1007/s12351-017-0361-2SAgliardi E, Agliardi R (2011) Bond pricing under imprecise information. Oper Res 11(3):299–309Esteve-Calvo P, Lloret-Climent M (2006) Coverage, invariability and orbits by structural functions. Kybernetes 35(7/8):1236–1240Jegadeesh N, Titman S (1993) Returns to buying winners and selling losers: implications for stock market efficiency. J Finance 48(1):65–91Klement EP, Mesiar R, Pap E (2013) Triangular norms, vol 8. Springer, New YorkLloret-Climent M, Villacampa-Esteve Y, Us-Domenech JL (1998) System-linkage: structural functions and hierarchies. Cybern Syst 29(1):35–46Ma YH, Lin Y (1987) Some properties of linked time systems. Int J Gen Syst 13(2):125–134Markowitz H (1952) Portfolio selection. J Finance 7(1):77–91Perez-Gonzaga S, Lloret-Climent M, Nescolarde-Selva JA (2015) Invariability, orbits and fuzzy attractors. Int J Gen Syst 45(1):29–40Tiryaki F, Ahlatcioglu B (2009) Fuzzy portfolio selection using fuzzy analytic hierarchy process. Inf Sci 179(1):53–69Von Bertalanffy L (1968) General system theory: foundations, development, applications. George Braziller, New York, pp 40Zadeh LA (1962) From circuit theory to system theory. Proc IRE 50(5):856–86

Sex differences in comorbidity between substance use and mental health in adolescents: Two sides of the same coin

Background: This study aims to evaluate sex differences in alcohol and cannabis use and mental health disorders (MHD) in adolescents, and to evaluate the predictive role of mental health disorders for alcohol and cannabis use disorders (AUD and CUD respectively). Method: A sample of 863 adolescents from the general population (53.7% girls, Mage = 16.62, SD = 0.85) completed a computerized battery including questions on substance use frequency, the Brief Symptom Inventory, the Cannabis Problems Questionnaire for Adolescents - Short version, the Rutgers Alcohol Problem Index and the DSM-IV-TR criteria for AUD and CUD. Bivariate analyses and binary logistic regressions were performed. Results: Girls presented significantly more mental health problems and a higher prevalence of comorbidity between SUD and MHD. Obsessivecompulsive symptoms and phobic anxiety indicated a higher risk of AUD, whereas depression and interaction between hostility and obsessivecompulsive disorder indicated a higher risk of CUD. Conclusions: Comorbidity between SUD and MHD is high among adolescents, and significantly higher among girls. Antecedentes: el objetivo de esta investigación es evaluar las diferencias de sexo en el uso de cannabis y alcohol y en trastornos de salud mental TSM en adolescentes, y el rol predictivo de los TSM sobre los trastornos por uso de alcohol y cannabis (TUA y TUC, respectivamente). Método: una muestra de 863 adolescentes de la población general (53, 7% chicas, edad media = 16.62, DT = 0, 85) completaron una batería informatizada sobre la frecuencia de uso de sustancias, el Inventario Breve de Síntomas, el Cuestionario de Problemas por Consumo de Cannabis - versión breve, el Índice de Rutgers de Problemas con el Alcohol y los criterios DSM-IV-TR para el TUA y TUC. Se realizaron análisis bivariados y de regresión logística binaria. Resultados: las chicas presentaron significativamente más problemas de salud mental y mayor prevalencia de comorbilidad entre TUS y TSM. El trastorno obsesivo-compulsivo (TOC) y la ansiedad fóbica indicaron un mayor riesgo de TUA, mientras que la depresión y la interacción entre hostilidad y TOC indicaron mayor riesgo de TUC. Conclusiones: la comorbilidad entre TUS y TSM es alta entre los adolescentes, y significativamente mayor entre las chicas

Academic literacy and student diversity: evaluating a curriculum-integrated inclusive practice intervention in the United Kingdom

The sustainability of universities is based, among other aspects, on their ability to adapt to changes and the needs of students, an increasingly diverse population. In this sense, Academic literacy provision at universities tends to be centralized and to offer language support for general academic literacy purposes rather than language development that responds in a more nuanced way to the particular literacy needs of students’ disciplines. Yet, in recent years, several studies have supported the integration of academic literacy into subject teaching outlining the principles of an inclusive model of academic literacy instruction. This paper draws on a theoretical framework developed by Wingate to evaluate a curriculum-integrated inclusive practice intervention in the United Kingdom with students from a first-year credit-bearing module at Middlesex University Business School. The study used a mixed methods approach that includes a literature review, secondary data, feedback questionnaire and a focus group to evaluate our teaching method and reflect on the collaboration of the team members to develop this inclusive pedagogical approach. The findings suggest that, on the whole, this intervention was perceived by both the module teaching team and students as positive, welcoming and often crucial for supporting undergraduate students into the disciplinary discourse of their subject of study. Yet, recommendations were made with respect to developing better guidelines for subject lecturers on how to deliver the integrated academic literacy as well as the importance of the participation of students, student learning assistants and graduate teaching assistants in the design of the intervention. This study contributes to the literature on inclusive practice intervention and pedagogical approaches to integrating academic literacy into subject teaching for a diverse student population, contributing to the social sustainability of the universities

An XMM-Newton view of FeK{\alpha} in HMXBs

We present a comprehensive analysis of the whole sample of available XMM-Newton observations of High Mass X-ray Binaries (HMXBs) until August, 2013, focusing on the FeK{\alpha} emission line. This line is a key tool to better understand the physical properties of the material surrounding the X-ray source within a few stellar radii (the circumstellar medium). We have collected observations from 46 HMXBs, detecting FeK{\alpha} in 21 of them. We have used the standard classification of HMXBs to divide the sample in different groups. We find that: (1) FeK{\alpha} is centred at a mean value of 6.42 keV. Considering the instrumental and fits uncertainties, this value is compatible with ionization states lower than FeXVIII. (2) The flux of the continuum is well correlated with the flux of the line, as expected. Eclipse observations show that the Fe fluorescence emission comes from an extended region surrounding the X-ray source. (3) FeK{\alpha} is narrow (width lower than 0.15keV), reflecting that the reprocessing material does not move at high speeds. We attempt to explain the broadness of the line in terms of three possible broadening phenomena: line blending, Compton scattering and Doppler shifts (with velocities of the reprocessing material V=1000-2000 km/s). (4) The equivalent hydrogen column (NH) directly correlates with the EW of FeK{\alpha}, displaying clear similarities to numerical simulations. It highlights the strong link between the absorbing and the fluorescent matter. The obtained results clearly point to a very important contribution of the donors wind in the FeK{\alpha} emission and the absorption when the donor is a supergiant massive star.Comment: Accepted for publication in A&A. 13 pages, 16 figures + Appendice

A useful form of the recurrence relation between relativistic atomic matrix elements of radial powers

Recently obtained recurrence formulae for relativistic hydrogenic radial matrix elements are cast in a simpler and perhaps more useful form. This is achieved with the help of a new relation between the $r^a$ and the $\beta r^b$ terms ($\beta$ is a $4\times 4$ Dirac matrix and $a, b$ are constants) in the atomic matrix elements.Comment: 7 pages, no figure

Recurrence relation for relativistic atomic matrix elements

Recurrence formulae for arbitrary hydrogenic radial matrix elements are obtained in the Dirac form of relativistic quantum mechanics. Our approach is inspired on the relativistic extension of the second hypervirial method that has been succesfully employed to deduce an analogous relationship in non relativistic quantum mechanics. We obtain first the relativistic extension of the second hypervirial and then the relativistic recurrence relation. Furthermore, we use such relation to deduce relativistic versions of the Pasternack-Sternheimer rule and of the virial theorem.Comment: 10 pages, no figure