Estimating the efficient price from the order flow: a Brownian Cox process approach

At the ultra high frequency level, the notion of price of an asset is very ambiguous. Indeed, many different prices can be defined (last traded price, best bid price, mid price,...). Thus, in practice, market participants face the problem of choosing a price when implementing their strategies. In this work, we propose a notion of efficient price which seems relevant in practice. Furthermore, we provide a statistical methodology enabling to estimate this price form the order flow

Caregivers' experiences with the new family‐centred paediatric physiotherapy programme COPCA : a qualitative study

Caregivers' experiences during early intervention of their infant with special needs have consequences for their participation in the intervention. Hence, it is vital to understand caregivers' view. This study explored caregivers' experiences with the family-centred early intervention programme "COPing with and CAring for infants with special needs" (COPCA)

Strongly-coupled quantum critical point in an all-in-all-out antiferromagnet

Dimensionality and symmetry play deterministic roles in the laws of Nature. They are important tools to characterize and understand quantum phase transitions, especially in the limit of strong correlations between spin, orbit, charge, and structural degrees of freedom. Using newly-developed, high-pressure resonant x-ray magnetic and charge diffraction techniques, we have discovered a quantum critical point in Cd2Os2O7 as the all-in-all-out (AIAO) antiferromagnetic order is continuously suppressed to zero temperature and, concomitantly, the cubic lattice structure continuously changes from space group Fd-3m to F-43m. Surrounded by three phases of different time reversal and spatial inversion symmetries, the quantum critical region anchors two phase lines of opposite curvature, with striking departures from a mean-field form at high pressure. As spin fluctuations, lattice breathing modes, and quasiparticle excitations interact in the quantum critical region, we argue that they present the necessary components for strongly-coupled quantum criticality in this three-dimensional compound

Non-saturating magnetoresistance of inhomogeneous conductors: comparison of experiment and simulation

The silver chalcogenides provide a striking example of the benefits of imperfection. Nanothreads of excess silver cause distortions in the current flow that yield a linear and non-saturating transverse magnetoresistance (MR). Associated with the large and positive MR is a negative longitudinal MR. The longitudinal MR only occurs in the three-dimensional limit and thereby permits the determination of a characteristic length scale set by the spatial inhomogeneity. We find that this fundamental inhomogeneity length can be as large as ten microns. Systematic measurements of the diagonal and off-diagonal components of the resistivity tensor in various sample geometries show clear evidence of the distorted current paths posited in theoretical simulations. We use a random resistor network model to fit the linear MR, and expand it from two to three dimensions to depict current distortions in the third (thickness) dimension. When compared directly to experiments on Ag$_{2\pm\delta}$Se and Ag$_{2\pm\delta}$Te, in magnetic fields up to 55 T, the model identifies conductivity fluctuations due to macroscopic inhomogeneities as the underlying physical mechanism. It also accounts reasonably quantitatively for the various components of the resistivity tensor observed in the experiments.Comment: 10 pages, 7 figure

Giant magnetothermopower associated with large magnetoresistance in Ag_(2−δ)Te

We have probed the temperature and magnetic-field dependence of the thermopower and resistance of a p-type silverchalcogenide,Ag_(2−δ)Te. The application of a magnetic field causes not only a large magnetoresistance but also a giant magnetothermopower effect. The maximum change of thermopower is as high as 470 μV/K in a 7 T magnetic field. Both the magnetoresistance and the magnetothermopower show a pronounced peak and nearly linear behavior near the sign change of the thermopower. Bandcrossing and quantum confinement due to disorder appear to play key roles in the heightened response to field

Microscopic and Macroscopic Signatures of Antiferromagnetic Domain Walls

Magnetotransport measurements on small single crystals of Cr, the elemental antiferromagnet, reveal the hysteretic thermodynamics of the domain structure. The temperature dependence of the transport coefficients is directly correlated with the real-space evolution of the domain configuration as recorded by x-ray microprobe imaging, revealing the effect of antiferromagnetic domain walls on electron transport. A single antiferromagnetic domain wall interface resistance is deduced to be of order $5\times10^{-5}\mathrm{\mu\Omega\cdot cm^{2}}$ at a temperature of 100 K.Comment: 3 color figure

Scaled penalization of Brownian motion with drift and the Brownian ascent

We study a scaled version of a two-parameter Brownian penalization model introduced by Roynette-Vallois-Yor in arXiv:math/0511102. The original model penalizes Brownian motion with drift $h\in\mathbb{R}$ by the weight process ${\big(\exp(\nu S_t):t\geq 0\big)}$ where $\nu\in\mathbb{R}$ and $\big(S_t:t\geq 0\big)$ is the running maximum of the Brownian motion. It was shown there that the resulting penalized process exhibits three distinct phases corresponding to different regions of the $(\nu,h)$-plane. In this paper, we investigate the effect of penalizing the Brownian motion concurrently with scaling and identify the limit process. This extends a result of Roynette-Yor for the ${\nu<0,~h=0}$ case to the whole parameter plane and reveals two additional "critical" phases occurring at the boundaries between the parameter regions. One of these novel phases is Brownian motion conditioned to end at its maximum, a process we call the Brownian ascent. We then relate the Brownian ascent to some well-known Brownian path fragments and to a random scaling transformation of Brownian motion recently studied by Rosenbaum-Yor.Comment: 32 pages; made additions to Section

The Chesapeake Bay: A Study of Present and Furture Water Quality and Its Ecological Effects Volume I: Analysis and Projection of Water Quality

This study, prepared for the National Commission on Water Quality, is an analysis of the present and future water quality in the Chesapeake Bay from the Susquehanna River at Conowingo, Md. to the Atlantic Ocean. The objectives addressed in this volume of the study are 1.) Description of the present conditions of water quality and water quantity with respect to temperature, salinity, nutrients and dissolved oxygen. and 2.) Projection of future water quality conditions associated with the achievement of require ments and goals of the Federal Water Pollution Control Act Amendments of 1972, P.L. 92-500, 86 Stat. 816. The assessment of present and future biological and ecol ogical conditions is addressed in Volume II