The Green's function for the radial Schramm-Loewner evolution

We prove the existence of the Green's function for radial SLE(k) for k<8. Unlike the chordal case where an explicit formula for the Green's function is known for all values of k<8, we give an explicit formula only for k=4. For other values of k, we give a formula in terms of an expectation with respect to SLE conditioned to go through a point.Comment: v1: 16 pages, 0 figure

SLE-type growth processes and the Yang-Lee singularity

The recently introduced SLE growth processes are based on conformal maps from an open and simply-connected subset of the upper half-plane to the half-plane itself. We generalize this by considering a hierarchy of stochastic evolutions mapping open and simply-connected subsets of smaller and smaller fractions of the upper half-plane to these fractions themselves. The evolutions are all driven by one-dimensional Brownian motion. Ordinary SLE appears at grade one in the hierarchy. At grade two we find a direct correspondence to conformal field theory through the explicit construction of a level-four null vector in a highest-weight module of the Virasoro algebra. This conformal field theory has central charge c=-22/5 and is associated to the Yang-Lee singularity. Our construction may thus offer a novel description of this statistical model.Comment: 12 pages, LaTeX, v2: thorough revision with corrections, v3: version to be publishe

Transforming fixed-length self-avoiding walks into radial SLE_8/3

We conjecture a relationship between the scaling limit of the fixed-length ensemble of self-avoiding walks in the upper half plane and radial SLE with kappa=8/3 in this half plane from 0 to i. The relationship is that if we take a curve from the fixed-length scaling limit of the SAW, weight it by a suitable power of the distance to the endpoint of the curve and then apply the conformal map of the half plane that takes the endpoint to i, then we get the same probability measure on curves as radial SLE. In addition to a non-rigorous derivation of this conjecture, we support it with Monte Carlo simulations of the SAW. Using the conjectured relationship between the SAW and radial SLE, our simulations give estimates for both the interior and boundary scaling exponents. The values we obtain are within a few hundredths of a percent of the conjectured values

Optimal Policy Intervention and the Social Value of Public Information

Svensson (2006) argues that Morris and Shin (2002) is, contrary to what is claimed, pro-transparency. This paper reexamines the issue but with an important modification to the original Morris and Shin framework. Recognizing that central banks impact the economy not only indirectly via public announcements, but also directly through policy actions, we consider the social value of public information in the presence of active policy intervention. Our results strengthen Morris and Shin's conclusions considerably: in particular, we find that public disclosure of the central bank's information is unambiguously, i.e., regardless of parameter values, undesirable. (JEL D82, D83, E52, E58)

Distribution of sizes of erased loops for loop-erased random walks

We study the distribution of sizes of erased loops for loop-erased random walks on regular and fractal lattices. We show that for arbitrary graphs the probability $P(l)$ of generating a loop of perimeter $l$ is expressible in terms of the probability $P_{st}(l)$ of forming a loop of perimeter $l$ when a bond is added to a random spanning tree on the same graph by the simple relation $P(l)=P_{st}(l)/l$. On $d$-dimensional hypercubical lattices, $P(l)$ varies as $l^{-\sigma}$ for large $l$, where $\sigma=1+2/z$ for $1<d<4$, where z is the fractal dimension of the loop-erased walks on the graph. On recursively constructed fractals with $\tilde{d} < 2$ this relation is modified to $\sigma=1+2\bar{d}/{(\tilde{d}z)}$, where $\bar{d}$ is the hausdorff and $\tilde{d}$ is the spectral dimension of the fractal.Comment: 4 pages, RevTex, 3 figure

Conformal invariance in two-dimensional turbulence

Simplicity of fundamental physical laws manifests itself in fundamental symmetries. While systems with an infinity of strongly interacting degrees of freedom (in particle physics and critical phenomena) are hard to describe, they often demonstrate symmetries, in particular scale invariance. In two dimensions (2d) locality often promotes scale invariance to a wider class of conformal transformations which allow for nonuniform re-scaling. Conformal invariance allows a thorough classification of universality classes of critical phenomena in 2d. Is there conformal invariance in 2d turbulence, a paradigmatic example of strongly-interacting non-equilibrium system? Here, using numerical experiment, we show that some features of 2d inverse turbulent cascade display conformal invariance. We observe that the statistics of vorticity clusters is remarkably close to that of critical percolation, one of the simplest universality classes of critical phenomena. These results represent a new step in the unification of 2d physics within the framework of conformal symmetry.Comment: 10 pages, 5 figures, 1 tabl

Monte Carlo Tests of SLE Predictions for the 2D Self-Avoiding Walk

The conjecture that the scaling limit of the two-dimensional self-avoiding walk (SAW) in a half plane is given by the stochastic Loewner evolution (SLE) with $\kappa=8/3$ leads to explicit predictions about the SAW. A remarkable feature of these predictions is that they yield not just critical exponents, but probability distributions for certain random variables associated with the self-avoiding walk. We test two of these predictions with Monte Carlo simulations and find excellent agreement, thus providing numerical support to the conjecture that the scaling limit of the SAW is SLE$_{8/3}$.Comment: TeX file using APS REVTeX 4.0. 10 pages, 5 figures (encapsulated postscript

Computing the Loewner driving process of random curves in the half plane

We simulate several models of random curves in the half plane and numerically compute their stochastic driving process (as given by the Loewner equation). Our models include models whose scaling limit is the Schramm-Loewner evolution (SLE) and models for which it is not. We study several tests of whether the driving process is Brownian motion. We find that just testing the normality of the process at a fixed time is not effective at determining if the process is Brownian motion. Tests that involve the independence of the increments of Brownian motion are much more effective. We also study the zipper algorithm for numerically computing the driving function of a simple curve. We give an implementation of this algorithm which runs in a time O(N^1.35) rather than the usual O(N^2), where N is the number of points on the curve.Comment: 20 pages, 4 figures. Changes to second version: added new paragraph to conclusion section; improved figures cosmeticall

The Length of an SLE - Monte Carlo Studies

The scaling limits of a variety of critical two-dimensional lattice models are equal to the Schramm-Loewner evolution (SLE) for a suitable value of the parameter kappa. These lattice models have a natural parametrization of their random curves given by the length of the curve. This parametrization (with suitable scaling) should provide a natural parametrization for the curves in the scaling limit. We conjecture that this parametrization is also given by a type of fractal variation along the curve, and present Monte Carlo simulations to support this conjecture. Then we show by simulations that if this fractal variation is used to parametrize the SLE, then the parametrized curves have the same distribution as the curves in the scaling limit of the lattice models with their natural parametrization.Comment: 18 pages, 10 figures. Version 2 replaced the use of "nu" for the "growth exponent" by 1/d_H, where d_H is the Hausdorff dimension. Various minor errors were also correcte

Bridge Decomposition of Restriction Measures

Motivated by Kesten's bridge decomposition for two-dimensional self-avoiding walks in the upper half plane, we show that the conjectured scaling limit of the half-plane SAW, the SLE(8/3) process, also has an appropriately defined bridge decomposition. This continuum decomposition turns out to entirely be a consequence of the restriction property of SLE(8/3), and as a result can be generalized to the wider class of restriction measures. Specifically we show that the restriction hulls with index less than one can be decomposed into a Poisson Point Process of irreducible bridges in a way that is similar to Ito's excursion decomposition of a Brownian motion according to its zeros.Comment: 24 pages, 2 figures. Final version incorporates minor revisions suggested by the referee, to appear in Jour. Stat. Phy