Aging, Probability Weighting, and Reference Point Adoption: An Experimental Study

We examine generational differences in risk-taking behavior by means of a laboratory experiment with monetary incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion, probability weightings and reference point adoption of elderly and young groups. The results of our experiment indicate that the elderly group is less sensitive to changes in probability and tends to underestimate large probabilities and overestimate small probabilities more strongly than does the young group. Furthermore, we find that the elderly update their reference point after gains and tend to derive their utility from gains and losses not from levels of wealth. In sum, we find that the elderly group's behavior departs more from the traditional expected utility theory than does the young group's behavior.

Ion plating for optical coating

Ion plating for optical coatin

An Abelian effective action reproducing screening and confinement in quenched SU(2) QCD

In an Abelian projection SU(2) gluodynamics contains Abelian gauge fields (diagonal degrees of freedom) and Abelian matter fields (off-diagonal degrees). The matter fields are essential for the breaking of the adjoint string. We obtain numerically the effective action of the Abelian fields in quenched SU(2) QCD and show that the Abelian matter fields provide an essential contribution to the total action even in the infrared region.Comment: 3 pages, 3 figures, 1 table, uses espcrc2.sty; Lattice2003(topology

Application of nanoparticles-assembled bi-porous structures to power electronics cooling

Nanoparticles-assembled bi-porous structure is newly proposed and its potential to enhance the boiling heat transfer is evaluated in order to develop a new cooling device toward 300W/cm2 of on-vehicle inverter cooling. In order to assemble nanoparticles on to a heat transfer surface as a thin layer, a boiling adhesion method (BAM) is originally introduced in which, water or water/ethanol solution with mono-dispersed nanoparticles is dropped or sprayed onto a high temperature surface, and then the nanoparticles deposit onto the heat transfer surface during the boiling. In addition to that, it is expected that boiling bubbles can produce micro or milli scale of pores at the same time. In order to evaluate the applicability of the nanoparticles-assembled bi-porous structures, droplet behavior on a high temperature surface is visualized with a high speed camera The experimental results show that the boiling adhesion method can produce multi-scale pore structures composed of nano-scale pores and micro-scale pores and that the water droplet intensely boils and evaporates on a high temperature of a wall with nanoparticles-assembled bi-porous layer even under Leidenfrost conditions, which proves that the nanoparticles-assembled bi-porous structure enables the increase in both the critical heat flux and the boiling heat transfer in a nucleate boiling regim