The flutter of towed rigid decelerators

Flutter of towed rigid decelerators, and relationships between geometric and aerodynamic parameters defining unconditional stability boundar

A density functional perspective for one-particle systems

Density functional theory is discussed in the context of one-particle systems. We show that the ground state density $\rho_0(x)$ and energy $E_0$ are simply related to a family of external potential energy functions with ground state wave functions $\psi_n(x) \propto \rho_0(x)^n$ and energies $E_n=2nE_0$ for certain integer values of $n$.Comment: 7 pages, ReVTeX4, submitted to Am. J. Phy

Cosmological Simulations with TreeSPH

We describe numerical methods for incorporating gas dynamics into cosmological simulations and present illustrative applications to the cold dark matter (CDM) scenario. Our evolution code, a version of TreeSPH (Hernquist \& Katz 1989) generalized to handle comoving coordinates and periodic boundary conditions, combines smoothed--particle hydrodynamics (SPH) with the hierarchical tree method for computing gravitational forces. The Lagrangian hydrodynamics approach and individual time steps for gas particles give the algorithm a large dynamic range, which is essential for studies of galaxy formation in a cosmological context. The code incorporates radiative cooling for an optically thin, primordial composition gas in ionization equilibrium with a user-specified ultraviolet background. We adopt a phenomenological prescription for star formation that gradually turns cold, dense, Jeans-unstable gas into collisionless stars, returning supernova feedback energy to the surrounding medium. In CDM simulations, some of the baryons that fall into dark matter potential wells dissipate their acquired thermal energy and condense into clumps with roughly galactic masses. The resulting galaxy population is insensitive to assumptions about star formation; we obtain similar baryonic mass functions and galaxy correlation functions from simulations with star formation and from simulations without star formation in which we identify galaxies directly from the cold, dense gas.Comment: compressed postscript, 38 pages including 6 out of 7 embedded figures. Submitted to ApJ Supplements. Version with all 7 figures available from ftp://bessel.mps.ohio-state.edu/pub/dhw/Preprint

Option Investor Rationality Revisited

Do option investors rationally exercise their options? Numerous studies report evidence of irrational behavior. In this paper, we pay careful attention to intraday option quotes and reach the opposite conclusion. An exercise boundary violation (EBV) occurs when the best bid price for an American option is below the option’s intrinsic value. Far from being unusual, we show that EBVs occur very frequently. Under these conditions, the rational response of an investor liquidating an option is to exercise the option rather than sell it. Empirically, we find that the likelihood of early exercise is strongly influenced by the existence and duration of EBVs. Not only do these results reverse standard theory on American option valuation and optimal exercise strategy, but they also suggest that the ability to avoid selling at an EBV price creates an additional source of value for American options that is unrelated, and in addition to, dividend payments. This additional value may help explain why American options appear overpriced relative to European options

Photoionization, Numerical Resolution, and Galaxy Formation

Using cosmological simulations that incorporate gas dynamics and gravitational forces, we investigate the influence of photoionization by a UV radiation background on the formation of galaxies. In our highest resolution simulations, we find that photoionization has essentially no effect on the baryonic mass function of galaxies at $z=2$, down to our resolution limit of 5e9 M_\sun. We do, however, find a strong interplay between the mass resolution of a simulation and the microphysics included in the computation of heating and cooling rates. At low resolution, a photoionizing background can appear to suppress the formation of even relatively massive galaxies. However, when the same initial conditions are evolved with a factor of eight better mass resolution, this effect disappears. Our results demonstrate the need for care in interpreting the results of cosmological simulations that incorporate hydrodynamics and radiation physics. For example, we conclude that a simulation with limited resolution may yield more realistic results if it ignores some relevant physical processes, such as photoionization. At higher resolution, the simulated population of massive galaxies is insensitive to the treatment of photoionization and star formation, but it does depend significantly on the amplitude of the initial density fluctuations. By $z=2$, an $\Omega=1$ cold dark matter model normalized to produce the observed masses of present-day clusters has already formed galaxies with baryon masses exceeding 1e11 M_\sun.Comment: 25 pages, w/ embedded figures. Submitted to ApJ. Also available at http://www-astronomy.mps.ohio-state.edu/~dhw/Docs/preprints.htm

MEASURING THE IMPACT OF FOOD SAFETY REGULATION-AN OUTPUT DIRECTIONAL DISTANCE FUNCTION APPROACH

This paper provides a novel methodology to measure the impact of food safety regulation. An output directional distance function approach is applied to estimate the opportunity cost of food safety regulation. Such a measure should be included as part of the overall cost for a more precise benefit-cost analysis of food safety regulation. Using US Census and food safety recall data, the value of potential output loss due to food safety regulation is suggested $2.5 billion.Food Consumption/Nutrition/Food Safety,

Thermal stability of coupled ferromagnetic and superparamagnetic particles

We consider a single-domain ferromagnetic particle with uniaxial anisotropy coupled to a single-domain soft ferromagnetic particle (superparamagnetic particle). The problem of thermally agitated magnetization reversal in this case can be reduced to the random magnetization dynamics of the first particle with an effectively larger anisotropy field. The magnetic external field is also altered in a manner that depends on the sign of the coupling and can be either enhanced or suppressed.Comment: 3 pages, 2 figures, presented at MMM'0