385 research outputs found
The Strategic Exploitation of Limited Information and Opportunity in Networked Markets
This paper studies the effect of constraining interactions within a market. A model is analysed in which boundedly rational agents trade with and gather information from their neighbours within a trade network. It is demonstrated that a traderâs ability to profit and to identify the equilibrium price is positively correlated with its degree of connectivity within the market. Where traders differ in their number of potential trading partners, well-connected traders are found to benefit from aggressive trading behaviour.Where information propagation is constrained by the topology of the trade network, connectedness affects the nature of the strategies employed
Temporally stable coherent states for infinite well and P\"oschl-Teller potentials
This paper is a direct illustration of a construction of coherent states
which has been recently proposed by two of us (JPG and JK). We have chosen the
example of a particle trapped in an infinite square-well and also in
P\"oschl-Teller potentials of the trigonometric type. In the construction of
the corresponding coherent states, we take advantage of the simplicity of the
solutions, which ultimately stems from the fact they share a common SU(1,1)
symmetry \`a la Barut--Girardello. Many properties of these states are then
studied, both from mathematical and from physical points of view.Comment: 48 pages, 21 figure
Massless Metric Preheating
Can super-Hubble metric perturbations be amplified exponentially during
preheating ? Yes. An analytical existence proof is provided by exploiting the
conformal properties of massless inflationary models. The traditional conserved
quantity \zeta is non-conserved in many regions of parameter space. We include
backreaction through the homogeneous parts of the inflaton and preheating
fields and discuss the role of initial conditions on the post-preheating
power-spectrum. Maximum field variances are strongly underestimated if metric
perturbations are ignored. We illustrate this in the case of strong
self-interaction of the decay products. Without metric perturbations,
preheating in this case is very inefficient. However, metric perturbations
increase the maximum field variances and give alternative channels for the
resonance to proceed. This implies that metric perturbations can have a large
impact on calculations of relic abundances of particles produced during
preheating.Comment: 8 pages, 4 colour figures. Version to appear in Phys. Rev. D.
Contains substantial new analysis of the ranges of parameter space for which
large changes to the inflation-produced power spectrum are expecte
WARNING: Physics Envy May Be Hazardous To Your Wealth!
The quantitative aspirations of economists and financial analysts have for
many years been based on the belief that it should be possible to build models
of economic systems - and financial markets in particular - that are as
predictive as those in physics. While this perspective has led to a number of
important breakthroughs in economics, "physics envy" has also created a false
sense of mathematical precision in some cases. We speculate on the origins of
physics envy, and then describe an alternate perspective of economic behavior
based on a new taxonomy of uncertainty. We illustrate the relevance of this
taxonomy with two concrete examples: the classical harmonic oscillator with
some new twists that make physics look more like economics, and a quantitative
equity market-neutral strategy. We conclude by offering a new interpretation of
tail events, proposing an "uncertainty checklist" with which our taxonomy can
be implemented, and considering the role that quants played in the current
financial crisis.Comment: v3 adds 2 reference
Shape invariant potential formalism for photon-added coherent state construction
An algebro-operator approach, called shape invariant potential method, of
constructing generalized coherent states for photon-added particle system is
presented. Illustration is given on Poschl-Teller potential
On the nonemptiness of approximate cores of large games
We provide a new proof of the nonemptiness of approximate cores of games with many players of a finite number of types. Earlier papers in the literature proceed by showing that, for games with many players, equal-treatment cores of their âbalanced cover games,â which are nonempty, can be approximated by equal-treatment \varepsilon ? -cores of the games themselves. Our proof is novel in that we develop a limiting payoff possibilities set and rely on a fixed point theorem
- âŠ