3,473 research outputs found

    Solving Dynamic Discrete Choice Models Using Smoothing and Sieve Methods

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    We propose to combine smoothing, simulations and sieve approximations to solve for either the integrated or expected value function in a general class of dynamic discrete choice (DDC) models. We use importance sampling to approximate the Bellman operators defining the two functions. The random Bellman operators, and therefore also the corresponding solutions, are generally non-smooth which is undesirable. To circumvent this issue, we introduce a smoothed version of the random Bellman operator and solve for the corresponding smoothed value function using sieve methods. We show that one can avoid using sieves by generalizing and adapting the `self-approximating' method of Rust (1997) to our setting. We provide an asymptotic theory for the approximate solutions and show that they converge with root-N-rate, where NN is number of Monte Carlo draws, towards Gaussian processes. We examine their performance in practice through a set of numerical experiments and find that both methods perform well with the sieve method being particularly attractive in terms of computational speed and accuracy

    Superconducting fluctuations in organic molecular metals enhanced by Mott criticality

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    Unconventional superconductivity typically occurs in materials in which a small change of a parameter such as bandwidth or doping leads to antiferromagnetic or Mott insulating phases. As such competing phases are approached, the properties of the superconductor often become increasingly exotic. For example, in organic superconductors and underdoped high-TcT_\mathrm{c} cuprate superconductors a fluctuating superconducting state persists to temperatures significantly above TcT_\mathrm{c}. By studying alloys of quasi-two-dimensional organic molecular metals in the Îş\kappa-(BEDT-TTF)2_2X family, we reveal how the Nernst effect, a sensitive probe of superconducting phase fluctuations, evolves in the regime of extreme Mott criticality. We find strong evidence that, as the phase diagram is traversed through superconductivity towards the Mott state, the temperature scale for superconducting fluctuations increases dramatically, eventually approaching the temperature at which quasiparticles become identifiable at all.Comment: 19 pages, 4 figures, 1 tabl

    Prospectus, April 21, 2010

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    A WORD WITH RICHARD EDWARDS OF MARGOT & THE NUCLEAR SO AND SO\u27S; Melinda Gates calls for closer attention to community-college graduation rates; Chuck Shepherd’s News of the Weird; Musically united, we stand; Marking the green revolution; Blagojevich? Quite sane; When Armageddon lives next door; Letter to the Editor; Bankrupting Your Student Loans: A book on how to save yourself from years of poverty; Time for a relationship checkup: How healthful are yours?; Prospectus Pick: Meadowbrook Park; Tragedy and triumph: Substance-free dorm gives students help with rehab; The Health Care reform and what it means for you; Get ready for what’s next; NFL draft turns into three-day affair; Volcanic ash and airplaneshttps://spark.parkland.edu/prospectus_2010/1012/thumbnail.jp

    Prospectus, July 14, 2010

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    PITCHFORK MUSIC FESTIVAL, HERE WE COME!; Things you need to do before the summer ends; Chuck Shepherd’s News of the Weird; It s all about the beats; Respiratory Care: Nothing to cough at; Back to the nest puts families to the test: More than the economy is at play as more young adults move back in with Mom and Dad; Put academics first; U.S. public libraries: We lose them at our peril; A Goodbye from a staff writer...; Be prepared for injuries outdoors; Parkland’s Transition Tour helps adults go back to school; Smart gadgets may one day anticipate our needs; Steinbrenner dead at 80 after reported heart attack; In harm’s wayhttps://spark.parkland.edu/prospectus_2010/1017/thumbnail.jp

    Prospectus, February 24, 2010

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    OVER A DOZEN POSSIBLY INVOLVED IN LOCAL BOOK THEFT RING; Postal Service asks for designs of an electric postal van; Student looks to help Parkland facilities go “green”; Chuck Shepherd’s News of the Weird; Women who rock the music industry; Women who rock the music industry; Olympic medals contain recycled metals; Mend No Child Left Behind, don’t end it; Responsibility; Letter to the Editor; Ask MNN: What is the greenest take-out container?; Sexual Assault on Campus: increasing education to prevent date rape and other sex-related crimes; Prospectus Pick: Lefabuleux destin d’Amelie Poulain; Hall of Fame inductees awarded for greatness; Parkland teacher feature: Martha Bowser-Kienerhttps://spark.parkland.edu/prospectus_2010/1005/thumbnail.jp

    Prospectus, February 17, 2010

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    PARKLAND\u27S GRAPHIC DESIGN PROGRAM SHOWS PROMISE; Artist, producer RJD2 to revisit C-U music scene; Chuck Shepherd’s News of the Weird; There’s no place like home; Parkland teacher feature: Amy Donohue; Saving antibiotics so antibiotics can save us; What Westminster doesn’t show; Letter to the Editor; Talk It Out: Resolving Conflicts on Campus; Bet you’ll watch some of the Olympics along the way; Prospectus Pick: Vampire Weekend\u27s “Contra”; Breaking barriershttps://spark.parkland.edu/prospectus_2010/1004/thumbnail.jp

    Prospectus, October 21, 2009

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    https://spark.parkland.edu/prospectus_2009/1028/thumbnail.jp
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