Risk aversion in economic transactions

Most people are risk-averse (risk-seeking) when they expect to gain (lose). Based on a generalization of ``expected utility theory'' which takes this into account, we introduce an automaton mimicking the dynamics of economic operations. Each operator is characterized by a parameter q which gauges people's attitude under risky choices; this index q is in fact the entropic one which plays a central role in nonextensive statistical mechanics. Different long term patterns of average asset redistribution are observed according to the distribution of parameter q (chosen once for ever for each operator) and the rules (e.g., the probabilities involved in the gamble and the indebtedness restrictions) governing the values that are exchanged in the transactions. Analytical and numerical results are discussed in terms of how the sensitivity to risk affects the dynamics of economic transactions.Comment: 4 PS figures, to appear in Europhys. Let

The stellar content of the Local Group dwarf galaxy Phoenix

We present new deep $VI$ ground-based photometry of the Local Group dwarf galaxy Phoenix. Our results confirm that this galaxy is mainly dominated by red stars, with some blue plume stars indicating recent (100 Myr old) star formation in the central part of the galaxy. We have performed an analysis of the structural parameters of Phoenix based on an ESO/SRC scanned plate, in order to search for differentiated component. The results were then used to obtain the color-magnitude diagrams for three different regions of Phoenix in order to study the variation of the properties of its stellar population. The young population located in the central component of Phoenix shows a clear asymmetry in its distribution, that could indicate a propagation of star formation across the central component. The HI cloud found at 6 arcmin Southwest by Young & Lo (1997) could have been involved in this process. We also find the presence of a substantial intermediate-age population in the central region of Phoenix that would be less abundant or absent in its outer regions. This result is also consistent with the gradient found in the number of horizontal branch stars, whose frequency relative to red giant branch stars increases towards the outer part of the galaxy. These results, together with those of our morphological study, suggest the existence of an old, metal-poor population with a spheroidal distribution surrounding the younger inner component of Phoenix. This two-component structure may resemble the halo-disk structure observed in spirals, although more data, in particular on kinematics, are necessary to confirm this.Comment: 46 pages, 21 figures, 9 Tables, to be published in AJ, August 9

Inferring telescope polarization properties through spectral lines without linear polarization

We present a technique to determine the polarization properties of a telescope through observations of spectral lines that have no intrinsic linear polarization signals. For such spectral lines, any observed linear polarization must be induced by the telescope optics. We apply the technique to observations taken with the SPINOR at the DST and demonstrate that we can retrieve the characteristic polarization properties of the DST at three wavelengths of 459, 526, and 615 nm. We determine the amount of crosstalk between the intensity Stokes I and the linear and circular polarization states Stokes Q, U, and V, and between Stokes V and Stokes Q and U. We fit a set of parameters that describe the polarization properties of the DST to the observed crosstalk values. The values for the ratio of reflectivities X and the retardance tau match those derived with the telescope calibration unit within the error bars. Residual crosstalk after applying a correction for the telescope polarization stays at a level of 3-10%. We find that it is possible to derive the parameters that describe the polarization properties of a telescope from observations of spectral lines without intrinsic linear polarization signal. Such spectral lines have a dense coverage (about 50 nm separation) in the visible part of the spectrum (400-615 nm), but none were found at longer wavelengths. Using spectral lines without intrinsic linear polarization is a promising tool for the polarimetric calibration of current or future solar telescopes such as DKIST.Comment: 22 pages, 24 figures, accepted for publication in A&

Orbit Transfer Rocket Engine Technology Program: Advanced engine study, task D.1/D.3

Concepts for space maintainability of OTV engines were examined. An engine design was developed which was driven by space maintenance requirements and by a failure mode and effects (FME) analysis. Modularity within the engine was shown to offer cost benefits and improved space maintenance capabilities. Space operable disconnects were conceptualized for both engine change-out and for module replacement. Through FME mitigation the modules were conceptualized to contain the least reliable and most often replaced engine components. A preliminary space maintenance plan was developed around a controls and condition monitoring system using advanced sensors, controls, and condition monitoring concepts. A complete engine layout was prepared satisfying current vehicle requirements and utilizing projected component advanced technologies. A technology plan for developing the required technology was assembled