93,372 research outputs found
A comparative analysis of the value of information in a continuous time market model with partial information: the cases of log-utility and CRRA
We study the question what value an agent in a generalized Black-Scholes model with partial information attributes to the complementary information. To do this, we study the utility maximization problems from terminal wealth for the two cases partial information and full information. We assume that the drift term of the risky asset is a dynamic process of general linear type and that the two levels of observation correspond to whether this drift term is observable or not. Applying methods from stochastic filtering theory we derive an analytical tractable formula for the value of information in the case of logarithmic utility. For the case of constant relative risk aversion (CRRA) we derive a semianalytical formula, which uses as an input the numerical solution of a system of ODEs. For both cases we present a comparative analysis
Corrections to the thermodynamics of Schwarzschild-Tangherlini black hole and the generalized uncertainty principle
We investigate the thermodynamics of Schwarzschild-Tangherlini black hole in
the context of the generalized uncertainty principle. The corrections to the
Hawking temperature, entropy and the heat capacity are obtained via the
modified Hamilton-Jacobi equation. These modifications show that the GUP
changes the evolution of Schwarzschild-Tangherlini black hole. Specially, the
GUP effect becomes susceptible when the radius or mass of black hole approach
to the order of Planck scale, it stops radiating and leads to black hole
remnant. Meanwhile, the Planck scale remnant can be confirmed through the
analysis of the heat capacity. Those phenomenons imply that the GUP may give a
way to solve the information paradox. Besides, we also investigate the
possibilities to observe the black hole at LHC, the results demonstrate that
the black hole can not be produced in the recent LHC.Comment: 12 pages, 6 figure
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