The overlap lattice Dirac operator and dynamical fermions

I show how to avoid a two level nested conjugate gradient procedure in the context of Hybrid Monte Carlo with the overlap fermionic action. The resulting procedure is quite similar to Hybrid Monte Carlo with domain wall fermions, but is more flexible and therefore has some potential worth exploring.Comment: Further expanded version. 12 pages, plain Te

Ginsparg-Wilson relation and the overlap formula

The fermionic determinant of a lattice Dirac operator that obeys the Ginsparg-Wilson relation factorizes into two factors that are complex conjugate of each other. Each factor is naturally associated with a single chiral fermion and can be realized as a overlap of two many body vacua.Comment: 4 pages, plain tex, no figure

Remark on lattice BRST invariance

A recently claimed resolution to the lattice Gribov problem in the context of chiral lattice gauge theories is examined. Unfortunately, I find that the old problem remains.Comment: 4 pages, plain TeX, presentation improved (see acknowledgments

An alternative to domain wall fermions

We define a sparse hermitian lattice Dirac matrix, $H$, coupling $2n+1$ Dirac fermions. When $2n$ fermions are integrated out the induced action for the last fermion is a rational approximation to the hermitian overlap Dirac operator. We provide rigorous bounds on the condition number of $H$ and compare them to bounds for the higher dimensional Dirac operator of domain wall fermions. Our main conclusion is that overlap fermions should be taken seriously as a practical alternative to domain wall fermions in the context of numerical QCD.Comment: Revtex Latex, 26 pages, 1 figure, a few minor change

Chiral Fermions and Multigrid

Lattice regularization of chiral fermions is an important development of the theory of elementary particles. Nontheless, brute force computer simulations are very expensive, if not prohibitive. In this letter I exploit the non-interacting character of the lattice theory in the flavor space and propose a multigrid approach for the simulation of the theory. Already a two-grid algorithm saves an order of magnitude of computer time for fermion propagator calculations.Comment: Latex, 6 pages, 1 figur

Pricing Liquidity Risk with Heterogeneous Investment Horizons

We develop an asset pricing model with stochastic transaction costs and investors with heterogeneous horizons. Depending on their horizon, investors hold different sets of assets in equilibrium. This generates segmentation and spillover effects for expected returns, where the liquidity (risk) premium of illiquid assets is determined by investor horizons and the correlation between liquid and illiquid asset returns. We estimate our model for the cross-section of U.S. stock returns and find that it generates a good fit, mainly due to a combination of a substantial expected liquidity premium and segmentation effects, while the liquidity risk premium is small

Bounds on the Wilson Dirac Operator

New exact upper and lower bounds are derived on the spectrum of the square of the hermitian Wilson Dirac operator. It is hoped that the derivations and the results will be of help in the search for ways to reduce the cost of simulations using the overlap Dirac operator. The bounds also apply to the Wilson Dirac operator in odd dimensions and are therefore relevant to domain wall fermions as well.Comment: 16 pages, TeX, 3 eps figures, small corrections and improvement

The triviality bound on the Higgs mass; its value and what it means

Older lattice work exploring the Higgs mass triviality bound is briefly reviewed. It indicates that a strongly interacting scalar sector in the minimal standard model cannot exist; on the other hand low energy QCD phenomenology might be interpreted as an indication that it could. We attack this puzzle using the $1/N$ expansion and discover a simple criterion for selecting a lattice action that is more likely to produce a heavy Higgs particle. Depending on the precise form of the limitation put on the cutoff effects, our large $N$ calculations, when combined with old numerical data, suggest that the Higgs mass bound might be around 750 $GeV$, which is higher than the $\sim 650~GeV$ previously obtained. Preliminary numerical work indicates that an increase of at least 19\% takes place at $N=4$ on the $F_4$ lattice when the old simple action is replaced with a new action (still containing only nearest neighbor interactions) if one uses the lattice spacing as the physical cutoff for both actions. It appears that, while a QCD like theory could produce $M_H / F ~ \sim 6$, a meaningful ``minimal elementary Higgs'' theory cannot have M_H/ F~ \gtapprox 3. Still, even at 750 $GeV$, the Higgs particle is so wide ($\sim 290~$GeV), that one cannot argue any more that the scalar sector is weakly coupled.Comment: 8 pages. Latex file with 4 ps figures included. Preprint RU-92-22, SCRI-92-11

Generalized Ginsparg-Wilson algebra and index theorem on the lattice

Recent studies of the topological properties of a general class of lattice Dirac operators are reported. This is based on a specific algebraic realization of the Ginsparg-Wilson relation in the form $\gamma_{5}(\gamma_{5}D)+(\gamma_{5}D)\gamma_{5} = 2a^{2k+1}(\gamma_{5}D)^{2k+2}$ where $k$ stands for a non-negative integer. The choice $k=0$ corresponds to the commonly discussed Ginsparg-Wilson relation and thus to the overlap operator. It is shown that local chiral anomaly and the instanton-related index of all these operators are identical. The locality of all these Dirac operators for vanishing gauge fields is proved on the basis of explicit construction, but the locality with dynamical gauge fields has not been established yet. We suggest that the Wilsonian effective action is essential to avoid infrared singularities encountered in general perturbative analyses.Comment: 11 pages. Talk given at APCTP-Nankai Joint Symposium on Lattice Statistics and Mathematical Physics, Tianjin, China, 8-11 October, 2001. To be published in the Proceedings and in Int. Jour. Mod. Phys.