Optimal funding and investment strategies in defined contribution pension plans under Epstein-Zin utility

A defined contribution pension plan allows consumption to be redistributed from the plan member’s working life to retirement in a manner that is consistent with the member’s personal preferences. The plan’s optimal funding and investment strategies therefore depend on the desired pattern of consumption over the lifetime of the member. We investigate these strategies under the assumption that the member has an Epstein-Zin utility function, which allows a separation between risk aversion and the elasticity of intertemporal substitution, and we also take into account the member’s human capital. We show that a stochastic lifestyling approach, with an initial high weight in equity-type investments and a gradual switch into bond-type investments as the retirement date approaches is an optimal investment strategy. In addition, the optimal contribution rate each year is not constant over the life of the plan but reflects trade-offs between the desire for current consumption, bequest and retirement savings motives at different stages in the life cycle, changes in human capital over the life cycle, and attitude to risk

Synthetic vision and emotion calculation in intelligent virtual human modeling

The virtual human technique already can provide vivid and believable human behaviour in more and more scenarios. Virtual humans are expected to replace real humans in hazardous situations to undertake tests and feed back valuable information. This paper will introduce a virtual human with a novel collision-based synthetic vision, short-term memory model and a capability to implement the emotion calculation and decision making. The virtual character based on this model can ‘see’ what is in his field of view (FOV) and remember those objects. After that, a group of affective computing equations have been introduced. These equations have been implemented into a proposed emotion calculation process to enlighten emotion for virtual intelligent huma

Emotion-affected decision making in human simulation

Human modelling is an interdisciplinary research field. The topic, emotion-affected decision making, was originally a cognitive psychology issue, but is now recognized as an important research direction for both computer science and biomedical modelling. The main aim of this paper is to attempt to bridge the gap between psychology and bioengineering in emotion-affected decision making. The work is based on Ortony's theory of emotions and bounded rationality theory, and attempts to connect the emotion process with decision making. A computational emotion model is proposed, and the initial framework of this model in virtual human simulation within the platform of VirtoolsTm is presented

I Gotta Testify: Kanye West, Hip Hop, and the Church

The goal of this project, “I Gotta Testify: Kanye West, Hip Hop, and the Church,” is to add a new perspective to the scholarly discourse on Hip Hop and Christianity within classrooms, religious institutions, and popular culture by focusing on Kanye. We chose to focus on Kanye because he has been one of Hip Hop’s most influential artists in the past decade. Furthermore, Kanye is one of the most polarizing celebrities in America and across the globe. His music, fashion, political views, and family (which includes the Kardashians) dominate discourse on social media, blogs, television, and other forms of mass media. With the exception of Julius Bailey’s 2014 edited book, The Cultural Impact of Kanye West, there has been little scholarly work published on Kanye. Bailey’s book contained just one essay, written by Monica R. Miller, dedicated to the theme of Kanye and religion. We intended to produce a nontraditional journal issue, partly because Kanye has never adhered to traditional boundaries. We also chose this method because we wanted to provide a document suitable for both academic and popular audiences. Kanye West identifies as a Christian and primarily uses Christian themes in his music, videos, concerts, and messaging. Dr. Joshua K. Wright, Dr. Adria Y. Goldman and Dr. VaNatta S. For

Human motion modeling and simulation by anatomical approach

To instantly generate desired infinite realistic human motion is still a great challenge in virtual human simulation. In this paper, the novel emotion effected motion classification and anatomical motion classification are presented, as well as motion capture and parameterization methods. The framework for a novel anatomical approach to model human motion in a HTR (Hierarchical Translations and Rotations) file format is also described. This novel anatomical approach in human motion modelling has the potential to generate desired infinite human motion from a compact motion database. An architecture for the real-time generation of new motions is also propose

Modelling human behaviours and reactions under dangerous environment

This paper describes the framework of a real-time simulation system to model human behavior and reactions in dangerous environments. The system utilizes the latest 3D computer animation techniques, combined with artificial intelligence, robotics and psychology, to model human behavior, reactions and decision making under expected/unexpected dangers in real-time in virtual environments. The development of the system includes: classification on the conscious/subconscious behaviors and reactions of different people; capturing different motion postures by the Eagle Digital System; establishing 3D character animation models; establishing 3D models for the scene; planning the scenario and the contents; and programming within Virtools (TM) Dev. Programming within Virtools (TM) Dev is subdivided into modeling dangerous events, modeling character's perceptions, modeling character's decision making, modeling character's movements, modeling character's interaction with environment and setting up the virtual cameras. The real-time simulation of human reactions in hazardous environments is invaluable in military defense, fire escape, rescue operation planning, traffic safety studies, and safety planning in chemical factories, the design of buildings, airplanes, ships and trains. Currently, human motion modeling can be realized through established technology, whereas to integrate perception and intelligence into virtual human's motion is still a huge undertaking. The challenges here are the synchronization of motion and intelligence, the accurate modeling of human's vision, smell, touch and hearing, the diversity and effects of emotion and personality in decision making. There are three types of software platforms which could be employed to realize the motion and intelligence within one system, and their advantages and disadvantages are discussed

Shaping an ultracold atomic soliton in a travelling wave laser beam

An ultracold wave packet of bosonic atoms loaded into a travelling laser wave may form a many-atom soliton.This is disturbed by a homogeneous force field, for example by the inevitable gravitation. The wave packet is accelerated and therefore the laser frequency appears to be chirped in the rest frame of the atoms. We derive the effective nonlinear Schr\"odinger equation. It shows a time dependent nonlinearity coefficient which amounts to a damping or antidamping, respectively. The accelerated packet solution remains a soliton which changes its shape adiabatically. Similarly, an active shaping can be obtained in the force-free case by chirping the laser frequency thus representing a way of coherent control of the soliton form. The experimental consequences are discussed.Comment: 5 pages, Latex, to published in Europhys. Let

Unravelling historical and intertwined complexities of light and dark skin

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