Investor Behavior in the October 1987 Stock Market Crash: The Case of Japan

In a questionnaire survey we asked Japanese institutional investors to recall what they thought and did during the worldwide stock market crash in October, 1987. The results confirm that the drop in U. S. stock prices was the primary factor on their minds, and other news stories in the United States dominated Japanese news stories. A comparison with an earlier survey of U. 5. institutional investors at the time of the crash (Shiller [1987])shows a remarkable similarity between Japanese and U. S. institutional investors in a number of attitudinal and behavioral dimensions. The results suggest that events in the United States were the proximate cause of the crash in Japan, but that the transmission mechanism of the crash was very similar in both countries.

Spin-torque efficiency enhanced by Rashba spin splitting in three dimensions

We examine a spin torque induced by the Rashba spin-orbit coupling in three dimensions within the Boltzmann transport theory. We analytically calculate the spin torque and show how its behavior is related with the spin topology in the Fermi surfaces by studying the Fermi-energy dependence of the spin torque. Moreover we discuss the spin-torque efficiency which is the spin torque divided by the applied electric current in association with the current-induced magnetization reversal. It is found that high spin-torque efficiency is achieved when the Fermi energy lies on only the lower band and there exists an optimal value for the Rashba parameter, where the spin-torque efficiency becomes maximum.Comment: 7 pages, 5 figure

Resonant inelastic X-ray scattering study of overdoped La2−x_{2-x}Srx_{x}CuO4_{4}

Resonant inelastic x-ray scattering (RIXS) at the copper K absorption edge has been performed for heavily overdoped samples of La$_{2-x}$Sr$_{x}$CuO$_{4}$ with $x= 0.25$ and 0.30. We have observed the charge transfer and molecular-orbital excitations which exhibit resonances at incident energies of $E_i= 8.992$ and 8.998 keV, respectively. From a comparison with previous results on undoped and optimally-doped samples, we determine that the charge-transfer excitation energy increases monotonically as doping increases. In addition, the $E_i$-dependences of the RIXS spectral weight and absorption spectrum exhibit no clear peak at $E_i = 8.998$ keV in contrast to results in the underdoped samples. The low-energy ($\leq 3$ eV) continuum excitation intensity has been studied utilizing the high energy resolution of 0.13 eV (FWHM). A comparison of the RIXS profiles at $(\pi ~0)$ and $(\pi ~\pi)$ indicates that the continuum intensity exists even at $(\pi ~\pi)$ in the overdoped samples, whereas it has been reported only at $(0 ~0)$ and $(\pi ~0)$ for the $x=0.17$ sample. Furthermore, we also found an additional excitation on top of the continuum intensity at the $(\pi ~\pi)$ and $(\pi ~0)$ positions.Comment: 7 pages, 7 figure

Efficiency, equality and labelling: an experimental investigation of focal points in explicit bargaining

Efficiency, equality and labelling: an experimental investigation of focal points in explicit bargainin

Momentum-resolved charge excitations in high-Tc cuprates studied by resonant inelastic x-ray scattering

We report a Cu K-edge resonant inelastic x-ray scattering (RIXS) study of high-Tc cuprates. Momentum-resolved charge excitations in the CuO2 plane are examined from parent Mott insulators to carrier-doped superconductors. The Mott gap excitation in undoped insulators is found to commonly show a larger dispersion along the [pi,pi] direction than the [pi,0] direction. On the other hand, the resonance condition displays material dependence. Upon hole doping, the dispersion of the Mott gap excitation becomes weaker and an intraband excitation appears as a continuum intensity below the gap at the same time. In the case of electron doping, the Mott gap excitation is prominent at the zone center and a dispersive intraband excitation is observed at finite momentum transfer

Boundary effect of a partition in a quantum well

The paper wishes to demonstrate that, in quantum systems with boundaries, different boundary conditions can lead to remarkably different physical behaviour. Our seemingly innocent setting is a one dimensional potential well that is divided into two halves by a thin separating wall. The two half wells are populated by the same type and number of particles and are kept at the same temperature. The only difference is in the boundary condition imposed at the two sides of the separating wall, which is the Dirichlet condition from the left and the Neumann condition from the right. The resulting different energy spectra cause a difference in the quantum statistically emerging pressure on the two sides. The net force acting on the separating wall proves to be nonzero at any temperature and, after a weak decrease in the low temperature domain, to increase and diverge with a square-root-of-temperature asymptotics for high temperatures. These observations hold for both bosonic and fermionic type particles, but with quantitative differences. We work out several analytic approximations to explain these differences and the various aspects of the found unexpectedly complex picture.Comment: LaTeX (with iopart.cls, iopart10.clo and iopart12.clo), 28 pages, 17 figure