1,183 research outputs found
Stress corrosion cracking of copper-manganese alloys-effect of some chemical variables
OCCURRENCE of stress corrosion cracking in binary copper-manganese alloys in the presence of ammonia has been first reported by Lahiri1 where it has also been observed that Mattsson's solution2 comprising CuSO4, 5H2O and (NH4)2SO4 and ammonia, a very aggressive medium for stress corrosion
cracking of brass, is very much effective in producing
ready cracking in copper-manganese alloys. Coppermanganese
system provides a wide range of solid solution; in this respect it is comparable to the copperzinc system, the stress corrosion studies of which have been carried out extensively. A few recent papers3'4'5 deal with the elect-rochemical aspects of stress corrosion cracking of alpha brass in Mattsson's solution. In this context it will be of interest to study the behaviour of homogeneous copper-manganese alloys under the variable conditions of Matt-sson's solution to get an insight into the mechanism of stress corrosion cracking
O-29 Can ER/PR and HER2 receptor status predict complete pathological response after neo-adjuvant chemotherapy in patients with breast cancer?
Pricing Options in Incomplete Equity Markets via the Instantaneous Sharpe Ratio
We use a continuous version of the standard deviation premium principle for
pricing in incomplete equity markets by assuming that the investor issuing an
unhedgeable derivative security requires compensation for this risk in the form
of a pre-specified instantaneous Sharpe ratio. First, we apply our method to
price options on non-traded assets for which there is a traded asset that is
correlated to the non-traded asset. Our main contribution to this particular
problem is to show that our seller/buyer prices are the upper/lower good deal
bounds of Cochrane and Sa\'{a}-Requejo (2000) and of Bj\"{o}rk and Slinko
(2006) and to determine the analytical properties of these prices. Second, we
apply our method to price options in the presence of stochastic volatility. Our
main contribution to this problem is to show that the instantaneous Sharpe
ratio, an integral ingredient in our methodology, is the negative of the market
price of volatility risk, as defined in Fouque, Papanicolaou, and Sircar
(2000).Comment: Keywords: Pricing derivative securities, incomplete markets, Sharpe
ratio, correlated assets, stochastic volatility, non-linear partial
differential equations, good deal bound
Eroding market stability by proliferation of financial instruments
We contrast Arbitrage Pricing Theory (APT), the theoretical basis for the
development of financial instruments, with a dynamical picture of an
interacting market, in a simple setting. The proliferation of financial
instruments apparently provides more means for risk diversification, making the
market more efficient and complete. In the simple market of interacting traders
discussed here, the proliferation of financial instruments erodes systemic
stability and it drives the market to a critical state characterized by large
susceptibility, strong fluctuations and enhanced correlations among risks. This
suggests that the hypothesis of APT may not be compatible with a stable market
dynamics. In this perspective, market stability acquires the properties of a
common good, which suggests that appropriate measures should be introduced in
derivative markets, to preserve stability.Comment: 26 pages, 8 figure
Non-relativistic metrics from back-reacting fermions
It has recently been pointed out that under certain circumstances the
back-reaction of charged, massive Dirac fermions causes important modifications
to AdS_2 spacetimes arising as the near horizon geometry of extremal black
holes. In a WKB approximation, the modified geometry becomes a non-relativistic
Lifshitz spacetime. In three dimensions, it is known that integrating out
charged, massive fermions gives rise to gravitational and Maxwell Chern-Simons
terms. We show that Schrodinger (warped AdS_3) spacetimes exist as solutions to
a gravitational and Maxwell Chern-Simons theory with a cosmological constant.
Motivated by this, we look for warped AdS_3 or Schrodinger metrics as exact
solutions to a fully back-reacted theory containing Dirac fermions in three and
four dimensions. We work out the dynamical exponent in terms of the fermion
mass and generalize this result to arbitrary dimensions.Comment: 26 pages, v2: typos corrected, references added, minor change
Exact equivalence at cyclic steady state between isothermal diffusion and linear driving force models for linear adsorption systems
Entangled Dilaton Dyons
Einstein-Maxwell theory coupled to a dilaton is known to give rise to
extremal solutions with hyperscaling violation. We study the behaviour of these
solutions in the presence of a small magnetic field. We find that in a region
of parameter space the magnetic field is relevant in the infra-red and
completely changes the behaviour of the solution which now flows to an
attractor. As a result there is an extensive ground state
entropy and the entanglement entropy of a sufficiently big region on the
boundary grows like the volume. In particular, this happens for values of
parameters at which the purely electric theory has an entanglement entropy
growing with the area, , like which is believed to be a
characteristic feature of a Fermi surface. Some other thermodynamic properties
are also analysed and a more detailed characterisation of the entanglement
entropy is also carried out in the presence of a magnetic field. Other regions
of parameter space not described by the end point are also
discussed.Comment: Some comments regarding comparison with weakly coupled Fermi liquid
changed, typos corrected and caption of a figure modifie
Systemic Risk and Default Clustering for Large Financial Systems
As it is known in the finance risk and macroeconomics literature,
risk-sharing in large portfolios may increase the probability of creation of
default clusters and of systemic risk. We review recent developments on
mathematical and computational tools for the quantification of such phenomena.
Limiting analysis such as law of large numbers and central limit theorems allow
to approximate the distribution in large systems and study quantities such as
the loss distribution in large portfolios. Large deviations analysis allow us
to study the tail of the loss distribution and to identify pathways to default
clustering. Sensitivity analysis allows to understand the most likely ways in
which different effects, such as contagion and systematic risks, combine to
lead to large default rates. Such results could give useful insights into how
to optimally safeguard against such events.Comment: in Large Deviations and Asymptotic Methods in Finance, (Editors: P.
Friz, J. Gatheral, A. Gulisashvili, A. Jacqier, J. Teichmann) , Springer
Proceedings in Mathematics and Statistics, Vol. 110 2015
Origin of ferromagnetic response in diluted magnetic semiconductors and oxides
This paper reviews the present understanding of the origin of ferromagnetic
response of diluted magnetic semiconductors and diluted magnetic oxides as well
as in some nominally magnetically undoped materials. It is argued that these
systems can be grouped into four classes. To the first belong composite
materials in which precipitations of a known ferromagnetic, ferrimagnetic or
antiferromagnetic compound account for magnetic characteristics at high
temperatures. The second class forms alloys showing chemical nano-scale phase
separation into the regions with small and large concentrations of the magnetic
constituent. To the third class belong (Ga,Mn)As, heavily doped p-(Zn,Mn)Te,
and related semiconductors. In these solid solutions the theory built on p-d
Zener's model of hole-mediated ferromagnetism and on either the Kohn-Luttinger
kp theory or the multi-orbital tight-binding approach describes qualitatively,
and often quantitatively many relevant properties. Finally, in a number of
carrier-doped DMS and DMO a competition between long-range ferromagnetic and
short-range antiferromagnetic interactions and/or the proximity of the
localisation boundary lead to an electronic nano-scale phase separation.Comment: review, 19 pages, 4 figure
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