TRADING COLLAR, INTRADAY, PERIODICITY, AND STOCK MARKET VOLATILITY

Using 5 minute data, we examine market volatility in the Dow Jones Industrial Average in the presence of trading collars. We use a polynomial specification for capturing intraday seasonality. Results indicate that market volatility is 3.4 percent higher in declining markets when trading collars are in effect. Results also support a U-shaped intraday periodicity in volatility.Marketing,

The Effects of Turbulence on Three-Dimensional Magnetic Reconnection at the Magnetopause

Two- and three-dimensional particle-in-cell simulations of a recent encounter of the Magnetospheric Multiscale Mission (MMS) with an electron diffusion region at the magnetopause are presented. While the two-dimensional simulation is laminar, turbulence develops at both the x-line and along the magnetic separatrices in the three-dimensional simulation. The turbulence is strong enough to make the magnetic field around the reconnection island chaotic and produces both anomalous resistivity and anomalous viscosity. Each contribute significantly to breaking the frozen-in condition in the electron diffusion region. A surprise is that the crescent-shaped features in velocity space seen both in MMS observations and in two-dimensional simulations survive, even in the turbulent environment of the three-dimensional system. This suggests that MMS's measurements of crescent distributions do not exclude the possibility that turbulence plays an important role in magnetopause reconnection.Comment: Revised version accepted by GR

A new detection method for capacitive micromachined ultrasonic transducers

Cataloged from PDF version of article.Capacitive micromachined ultrasonic transducers (cMUT) have become an alternative to piezoelectric transducers in the past few years. They consist of many small circular membranes that are connected in parallel. In this work, we report; a new detection method for cMUTs. We model the membranes as capacitors and the interconnections between the membranes as inductors. This kind of LC net-work is called an artificial transmission line. The vibrations of the membranes modulate the electrical length of the transmission line, which is proportional to the frequency of the signal through it. By measuring the electrical length of the artificial line at a high RF frequency (in the gigahertz range), the vibrations of the membranes can be detected in a very sensitive manner. Far the devices we measured, we calculated the minimum detectable displacement to be in the order of 10(-5) Angstrom/root Hz with a possible improvement to 10(-7) Angstrom/root Hz

A sensitive detection method for capacitive ultrasonic transducers

Cataloged from PDF version of article.We report a sensitive detection method for capacitive ultrasonic transducers. Detection experiments at 1.6 MHz reveal a minimum detectable displacement around 2.5 x 10(-4) Angstrom/root Hz. The devices are fabricated on silicon using surface micromachining techniques. We made use of microwave circuit considerations to obtain a good displacement sensitivity. Our method also eliminates the dependence of the sensitivity on the ultrasound frequency, allowing the method to be used at low audio frequency and static displacement sensing applications. (C) 1998 American Institute of Physics

Gelatin-Sealed Dacron Graft is not more Susceptible to MRSA Infection than PTFE Graft

ObjectivesThe purpose of this experimental study was to compare the susceptibility of gelatin-sealed Dacron and PTFE prostheses to infection by MRSA.DesignProspective, randomized, controlled animal study.Materials and MethodsGraft infections were established in the subcutaneous tissues of 60 female Spraque-Dawley rats by the implantation of gelatin-sealed Dacron or PTFE prostheses followed by topical inoculation with methicillin-resistant Staphylococcus aureus. The study groups were as follows: (1A) uncontaminated gelatin-sealed Dacron group, (1B) untreated contaminated gelatin-sealed Dacron group, (1C) contaminated gelatin-sealed Dacron group with intraperitoneal teicoplanin treatment, (2A) uncontaminated PTFE group, (2B) untreated contaminated PTFE group, and (2C) contaminated PTFE group with intraperitoneal teicoplanin treatment. The grafts were removed after 7 days and evaluated for infection by counting the number of adherent bacteria on the graft material after rinsing and sonication. The perigraft tissue was harvested for histopathological study. To investigate the existence of any infection, blood samples were collected by cardiopuncture for a culture analysis.ResultsNo significant difference in bacteria counts was observed between gelatin-sealed Dacron and PTFE grafts. In groups 1A and 2A, there was no infection detected. The bacterial counts for MRSA were 7.4×105 in group 1B and 8.6×105 in group 2B. There was also no infection in groups 1C and 2C. While the difference between group 1B and 2B was not significant (p>.05), bacterial counts in group 1B or 2B were significantly higher than those in other groups. Blood cultures were only positive in four rats in group 1B and in two rats in group 2B. The severities of the inflammation of the perigraft tissues was low in groups 1A and 2A, high in groups 1C and 2C, and between the range from low to moderate in groups 1B and 2B.ConclusionThe susceptibility of gelatin-sealed Dacron to bacterial infection was not higher than that of PTFE

Fundamental length in quantum theories with PT-symmetric Hamiltonians II: The case of quantum graphs

Manifestly non-Hermitian quantum graphs with real spectra are introduced and shown tractable as a new class of phenomenological models with several appealing descriptive properties. For illustrative purposes, just equilateral star-graphs are considered here in detail, with non-Hermiticities introduced by interactions attached to the vertices. The facilitated feasibility of the analysis of their spectra is achieved via their systematic approximative Runge-Kutta-inspired reduction to star-shaped discrete lattices. The resulting bound-state spectra are found real in a discretization-independent interval of couplings. This conclusion is reinterpreted as the existence of a hidden Hermiticity of our models, i.e., as the standard and manifest Hermiticity of the underlying Hamiltonian in one of less usual, {\em ad hoc} representations ${\cal H}_j$ of the Hilbert space of states in which the inner product is local (at $j=0$) or increasingly nonlocal (at $j=1,2, ...$). Explicit examples of these (of course, Hamiltonian-dependent) hermitizing inner products are offered in closed form. In this way each initial quantum graph is assigned a menu of optional, non-equivalent standard probabilistic interpretations exhibiting a controlled, tunable nonlocality.Comment: 33 pp., 6 figure