55 research outputs found

    Hilbert Spaces from Path Integrals

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    It is shown that a Hilbert space can be constructed for a quantum system starting from a framework in which histories are fundamental. The Decoherence Functional provides the inner product on this "History Hilbert space". It is also shown that the History Hilbert space is the standard Hilbert space in the case of non-relativistic quantum mechanics.Comment: 22 pages. Minor updates to match published versio

    Consistency of the kernel density estimator - a survey

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    Various consistency proofs for the kernel density estimator have been developed over the last few decades. Important milestones are the pointwise consistency and almost sure uniform convergence with a fixed bandwidth on the one hand and the rate of convergence with a fixed or even a variable bandwidth on the other hand. While considering global properties of the empirical distribution functions is sufficient for strong consistency, proofs of exact convergence rates use deeper information about the underlying empirical processes. A unifying character, however, is that earlier and more recent proofs use bounds on the probability that a sum of random variables deviates from its mean

    Gender-Kompetenz für die Erwachsenenbildung

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    Der vorliegende Beitrag betrachtet EQF und DQR als Herausforderung und Chance, auch für Beschäftigte in der Weiterbildung zu einem kompetenzorientierten Qualifikationsrahmen zu kommen. Gerade in Bezug auf die Lehrenden könnte ein solcher Bezugsrahmen Klarheit schaffen und vielfältig Nutzen stiften. Ein erstes Referenzmodell wurde im Rahmen einer Expertise für das BMBF erarbeitet, es orientiert sich an hiesigen Vorarbeiten und nimmt auch Anleihen bei ausländischen Modellen. Die Ausarbeitung ist letztlich dem Interesse an mehr Professionalisierung und Qualität in der Weiterbildung geschuldet.This article presents a specific qualifications framework for the sector of further education, consisting of a two-stage model (basic and advanced certificates). This touches on the discussion about the EQF and DQR as a motivation and opportunity for the professionalisation of further education. The model takes up examples from Austria and Switzerland and is aligned toward preliminary work in Germany

    Pricing and Hedging of CDOs: A Top Down Approach

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    This paper considers the pricing and hedging of collateralized debt obligations (CDOs). CDOs are complex derivatives on a pool of credits which we choose to analyse in the top down model proposed in Filipovic et al. (Math. Finance, forthcoming, 2009). We reflect on the implied forward rates and bring them in connection with the top-down framework in Lipton and Shelton (Working paper, 2009) and Schonbucher (Working paper, ETH Zurich, 2005). Moreover, we derive variance-minimizing hedging strategies for hedging single tranches with the full index. The hedging strategies are given for the general case. We compute them also explicitly for a parsimonious one-factor affine model
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