Effective action in DSR1 quantum field theory

We present the one-loop effective action of a quantum scalar field with DSR1 space-time symmetry as a sum over field modes. The effective action has real and imaginary parts and manifest charge conjugation asymmetry, which provides an alternative theoretical setting to the study of the particle-antiparticle asymmetry in nature.Comment: 8 page

Scaling laws and universality in the choice of election candidates

Nowadays there is an increasing interest of physicists in finding regularities related to social phenomena. This interest is clearly motivated by applications that a statistical mechanical description of the human behavior may have in our society. By using this framework, we address this work to cover an open question related to elections: the choice of elections candidates (candidature process). Our analysis reveals that, apart from the social motivations, this system displays features of traditional out-of-equilibrium physical phenomena such as scale-free statistics and universality. Basically, we found a non-linear (power law) mean correspondence between the number of candidates and the size of the electorate (number of voters), and also that this choice has a multiplicative underlying process (lognormal behavior). The universality of our findings is supported by data from 16 elections from 5 countries. In addition, we show that aspects of network scale-free can be connected to this universal behavior.Comment: Accepted for publication in EP

On the maximum bias functions of MM-estimates and constrained M-estimates of regression

We derive the maximum bias functions of the MM-estimates and the constrained M-estimates or CM-estimates of regression and compare them to the maximum bias functions of the S-estimates and the $\tau$-estimates of regression. In these comparisons, the CM-estimates tend to exhibit the most favorable bias-robustness properties. Also, under the Gaussian model, it is shown how one can construct a CM-estimate which has a smaller maximum bias function than a given S-estimate, that is, the resulting CM-estimate dominates the S-estimate in terms of maxbias and, at the same time, is considerably more efficient.Comment: Published at http://dx.doi.org/10.1214/009053606000000975 in the Annals of Statistics (http://www.imstat.org/aos/) by the Institute of Mathematical Statistics (http://www.imstat.org

Chaotic Dynamics in Optimal Monetary Policy

There is by now a large consensus in modern monetary policy. This consensus has been built upon a dynamic general equilibrium model of optimal monetary policy as developed by, e.g., Goodfriend and King (1997), Clarida et al. (1999), Svensson (1999) and Woodford (2003). In this paper we extend the standard optimal monetary policy model by introducing nonlinearity into the Phillips curve. Under the specific form of nonlinearity proposed in our paper (which allows for convexity and concavity and secures closed form solutions), we show that the introduction of a nonlinear Phillips curve into the structure of the standard model in a discrete time and deterministic framework produces radical changes to the major conclusions regarding stability and the efficiency of monetary policy. We emphasize the following main results: (i) instead of a unique fixed point we end up with multiple equilibria; (ii) instead of saddle--path stability, for different sets of parameter values we may have saddle stability, totally unstable equilibria and chaotic attractors; (iii) for certain degrees of convexity and/or concavity of the Phillips curve, where endogenous fluctuations arise, one is able to encounter various results that seem intuitively correct. Firstly, when the Central Bank pays attention essentially to inflation targeting, the inflation rate has a lower mean and is less volatile; secondly, when the degree of price stickiness is high, the inflation rate displays a larger mean and higher volatility (but this is sensitive to the values given to the parameters of the model); and thirdly, the higher the target value of the output gap chosen by the Central Bank, the higher is the inflation rate and its volatility.Comment: 11 page