On the maximum drawdown during speculative bubbles

A taxonomy of large financial crashes proposed in the literature locates the burst of speculative bubbles due to endogenous causes in the framework of extreme stock market crashes, defined as falls of market prices that are outlier with respect to the bulk of drawdown price movement distribution. This paper goes on deeper in the analysis providing a further characterization of the rising part of such selected bubbles through the examination of drawdown and maximum drawdown movement of indices prices. The analysis of drawdown duration is also performed and it is the core of the risk measure estimated here.Comment: 15 pages, 7 figure

The Roles of Carbon Monoxide and Nitric Oxide in the Control of the Neuroendocrine Stress Response: Complementary or Redundant

There is widespread evidence in favour of nitric oxide (NO) acting as a gaseous neurotransmitter in the central nervous system, diffusing from its cells of origin and affecting surrounding neuronal tissue in evanescent three-dimensional waves. This is also true of the hypothalamus, where amongst other activities NO inhibits stimulation of corticotrophin-releasing hormone (CRH) and vasopressin release by inflammatory stressors, effects thought to be mediated by binding with soluble guanylate cyclase (sGC). Carbon monoxide is being increasingly recognised as another gaseous neuromodulator, but with principal effects on other hemoproteins such as cyclo-oxygenase, and a distinctly different profile of localisation.NO is predominantly a pro-inflammatory agent in the periphery while CO is often anti-inflammatory. In the hypothalamus, the actions of CO are also distinct from those of NO,with marked antagonistic effects on the inflammatory release of vasopressin, both in vitro and in vivo, but with little involvement in the regulation of CRH. Thus, it would appear that these apparently similar gases exert quite distinct and separate effects, although they cause broadly similar overall changes in the secretion of neuroendocrine stress hormones. We conclude that these two gases may play significant but different roles in the control of the neuroendocrine stress response, but one common feature may be attenuation of inflammation-induced release of stress hormones

Sredozemni morski puž Tritonova truba, Charonia lampas lampas (Gastropoda: Caenogastropoda): izvješće o akvarijskom uzgoju

Two females and a male triton of Charonia lampas lampas (Linnaeus, 1758) were collected from March 2010 to September 2012 in S. Raineri peninsula in Messina, (Sicily, Italy). They were reared in a tank at the Aquarium of Messina. Mussels, starfish, and holothurians were provided as feed for the tritons. Spawning occurred in November 2012, lasted for 15 days, yielding a total number of 500 egg capsules, with approximately 2.0-3.0 x 103 eggs/capsule. The snail did not eat during the month, in which spawned. Spawning behavior and larval development of the triton was described.Dvije ženke i mužjak puža Tritonova truba, Charonia lampas lampas (Linnaeus, 1758) su prikupljeni od ožujka 2010. do rujna 2012. na poluotoku S. Raineri, Messina, (Sicilija, Italija). Ovi primjerci su uzgajani u spremniku akvarija u Messini. Puž Tritonova truba je hranjen s školjkama, zvjezdačama i trpovima. Mrijest se dogodio u studenom 2012. godine, trajao je 15 dana tijekom kojih je izneseno 500 jajčanih kapsula s približno 2.0-3.0 x 103 jaja po kapsuli. Puževi nisu jeli tijekom mjeseca u kojem se odvijalo mriješćenje. U radu su opisani ponašanje tijekom mrijesta i razvoj ličinke Tritonove trube

Energetic Performance of Service-oriented Multi-radio Networks: Issues and Perspectives

Wireless devices now hold multiple radio interfaces, allowing to switch from one network to another according to required connectivity and related quality. Still, the selection of the best radio interface for a specific connection is under the responsibility of the end-user in most cases. Integrated multi-radio network management so as to improve the overall performance of the network(s) has led to a number of research efforts over the last few years. However, several challenges remain due to the inherent complexity of the problem. This paper specifically concentrates on the comprehensive analysis of energy-efficient multi-radio networking for pervasive computing. Building upon the service oriented architectural style, we consider pervasive networks of services, which are deployed on the various networked nodes. The issue is then to optimize the energetic performance of the pervasive network through careful selection of the radio link over which service access should be realized for each such access. This leads us to examine first the energetic performance of service access for most common wireless interfaces in use today (Bluetooth, WiFi and GPRS) and then introduce a formal model of service-oriented multi-radio networks. The proposed model enables characterizing the optimal network configuration in terms of energetic performance, which is shown to be a NP-hard problem and thus requires adequate approximation

Shockwaves in spillways with the particle finite element method

The final publication is available at Springer via http://dx.doi.org/10.1007/s40571-019-00252-1.Changes in direction and cross section in supercritical hydraulic channels generate shockwaves which result in an increase in flow depth with regard to that for uniform regime. These disturbances are propagated downstream and need to be considered in the design of the chute walls. In dam spillways, where flow rates are often high, this phenomenon can have significant implications for the cost and complexity of the solution. It has been traditionally analysed by means of reduced-scale experimental tests, as it has a clear three-dimensional character and therefore cannot be approached with two-dimensional numerical models. In this work, the ability of the particle finite element method (PFEM) to reproduce this phenomenon is analysed. PFEM has been successfully applied in previous works to problems involving high irregularities in free surface. First, simple test cases available in the technical bibliography were selected to be reproduced with PFEM. Subsequently, the method was applied in two spillways of real dams. The results show that PFEM is capable of capturing the shockwave fronts generated both in the contractions and in the expansions that occur behind the spillway piers. This suggests that the method may be useful as a complement to laboratory test campaigns for the design and hydraulic analysis of dam spillways with complex geometries.Peer ReviewedPostprint (author's final draft

Sredozemni morski puž Tritonova truba, Charonia lampas lampas (Gastropoda: Caenogastropoda): izvješće o akvarijskom uzgoju

Two females and a male triton of Charonia lampas lampas (Linnaeus, 1758) were collected from March 2010 to September 2012 in S. Raineri peninsula in Messina, (Sicily, Italy). They were reared in a tank at the Aquarium of Messina. Mussels, starfish, and holothurians were provided as feed for the tritons. Spawning occurred in November 2012, lasted for 15 days, yielding a total number of 500 egg capsules, with approximately 2.0-3.0 x 103 eggs/capsule. The snail did not eat during the month, in which spawned. Spawning behavior and larval development of the triton was described.Dvije ženke i mužjak puža Tritonova truba, Charonia lampas lampas (Linnaeus, 1758) su prikupljeni od ožujka 2010. do rujna 2012. na poluotoku S. Raineri, Messina, (Sicilija, Italija). Ovi primjerci su uzgajani u spremniku akvarija u Messini. Puž Tritonova truba je hranjen s školjkama, zvjezdačama i trpovima. Mrijest se dogodio u studenom 2012. godine, trajao je 15 dana tijekom kojih je izneseno 500 jajčanih kapsula s približno 2.0-3.0 x 103 jaja po kapsuli. Puževi nisu jeli tijekom mjeseca u kojem se odvijalo mriješćenje. U radu su opisani ponašanje tijekom mrijesta i razvoj ličinke Tritonove trube

A Dedicated Tool for Presurgical Mapping of Brain Tumors and Mixed-Reality Navigation During Neurosurgery

Brain tumor surgery requires a delicate tradeoff between complete removal of neoplastic tissue while minimizing loss of brain function. Functional magnetic resonance imaging (fMRI) and diffusion tensor imaging (DTI) have emerged as valuable tools for non-invasive assessment of human brain function and are now used to determine brain regions that should be spared to prevent functional impairment after surgery. However, image analysis requires different software packages, mainly developed for research purposes and often difficult to use in a clinical setting, preventing large-scale diffusion of presurgical mapping. We developed a specialized software able to implement an automatic analysis of multimodal MRI presurgical mapping in a single application and to transfer the results to the neuronavigator. Moreover, the imaging results are integrated in a commercially available wearable device using an optimized mixed-reality approach, automatically anchoring 3-dimensional holograms obtained from MRI with the physical head of the patient. This will allow the surgeon to virtually explore deeper tissue layers highlighting critical brain structures that need to be preserved, while retaining the natural oculo-manual coordination. The enhanced ergonomics of this procedure will significantly improve accuracy and safety of the surgery, with large expected benefits for health care systems and related industrial investors

Measurement of the cosmic ray spectrum above 4×10184{\times}10^{18} eV using inclined events detected with the Pierre Auger Observatory

A measurement of the cosmic-ray spectrum for energies exceeding $4{\times}10^{18}$ eV is presented, which is based on the analysis of showers with zenith angles greater than $60^{\circ}$ detected with the Pierre Auger Observatory between 1 January 2004 and 31 December 2013. The measured spectrum confirms a flux suppression at the highest energies. Above $5.3{\times}10^{18}$ eV, the "ankle", the flux can be described by a power law $E^{-\gamma}$ with index $\gamma=2.70 \pm 0.02 \,\text{(stat)} \pm 0.1\,\text{(sys)}$ followed by a smooth suppression region. For the energy ($E_\text{s}$) at which the spectral flux has fallen to one-half of its extrapolated value in the absence of suppression, we find $E_\text{s}=(5.12\pm0.25\,\text{(stat)}^{+1.0}_{-1.2}\,\text{(sys)}){\times}10^{19}$ eV.Comment: Replaced with published version. Added journal reference and DO

Infected pancreatic necrosis: outcomes and clinical predictors of mortality. A post hoc analysis of the MANCTRA-1 international study

: The identification of high-risk patients in the early stages of infected pancreatic necrosis (IPN) is critical, because it could help the clinicians to adopt more effective management strategies. We conducted a post hoc analysis of the MANCTRA-1 international study to assess the association between clinical risk factors and mortality among adult patients with IPN. Univariable and multivariable logistic regression models were used to identify prognostic factors of mortality. We identified 247 consecutive patients with IPN hospitalised between January 2019 and December 2020. History of uncontrolled arterial hypertension (p = 0.032; 95% CI 1.135-15.882; aOR 4.245), qSOFA (p = 0.005; 95% CI 1.359-5.879; aOR 2.828), renal failure (p = 0.022; 95% CI 1.138-5.442; aOR 2.489), and haemodynamic failure (p = 0.018; 95% CI 1.184-5.978; aOR 2.661), were identified as independent predictors of mortality in IPN patients. Cholangitis (p = 0.003; 95% CI 1.598-9.930; aOR 3.983), abdominal compartment syndrome (p = 0.032; 95% CI 1.090-6.967; aOR 2.735), and gastrointestinal/intra-abdominal bleeding (p = 0.009; 95% CI 1.286-5.712; aOR 2.710) were independently associated with the risk of mortality. Upfront open surgical necrosectomy was strongly associated with the risk of mortality (p < 0.001; 95% CI 1.912-7.442; aOR 3.772), whereas endoscopic drainage of pancreatic necrosis (p = 0.018; 95% CI 0.138-0.834; aOR 0.339) and enteral nutrition (p = 0.003; 95% CI 0.143-0.716; aOR 0.320) were found as protective factors. Organ failure, acute cholangitis, and upfront open surgical necrosectomy were the most significant predictors of mortality. Our study confirmed that, even in a subgroup of particularly ill patients such as those with IPN, upfront open surgery should be avoided as much as possible. Study protocol registered in ClinicalTrials.Gov (I.D. Number NCT04747990)