18,714 research outputs found

    On polyhedral approximations of the positive semidefinite cone

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    Let DD be the set of n×nn\times n positive semidefinite matrices of trace equal to one, also known as the set of density matrices. We prove two results on the hardness of approximating DD with polytopes. First, we show that if 0<Ï”<10 < \epsilon < 1 and AA is an arbitrary matrix of trace equal to one, any polytope PP such that (1−ϔ)(D−A)⊂P⊂D−A(1-\epsilon)(D-A) \subset P \subset D-A must have linear programming extension complexity at least exp⁥(cn)\exp(c\sqrt{n}) where c>0c > 0 is a constant that depends on Ï”\epsilon. Second, we show that any polytope PP such that D⊂PD \subset P and such that the Gaussian width of PP is at most twice the Gaussian width of DD must have extension complexity at least exp⁥(cn1/3)\exp(cn^{1/3}). The main ingredient of our proofs is hypercontractivity of the noise operator on the hypercube.Comment: 12 page

    LANGUAGE MAINTENANCE AND LANGUAGE SHIFT

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    In language shifts, ancestral tongues are abandoned by their speakers and replaced, in one way or another, by dominant languages. Such changes in language use will ultimately lead to the irreversible suppression of the world's language diversity. Language maintenance attempts to counter these processes. Linguists may assist ethno linguistic minorities in safeguarding their threatened languages in many different ways, including establishing orthography when necessary, but speakers decide to abandon their heritage languages within a broad socio-political and economic context. Communities uphold or give up languages, so only the speakers of endangered languages themselves can opt for and execute language maintenance activities. Linguists might have to accept that some communities may no longer care for their heritage languages

    Crashworthiness capability of jute and glass fibre reinforced epoxy tubes under quasi-static loading condition for automotive application

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    During last few years, the interest in using natural fibers as reinforcement in polymers has increased dramatically. Natural fibers are not only strong and lightweight but also relatively very cheap. This study examined the potential utilization of jute in the crash energy absorption. A combination of hand layup and vacuum bladder technique was kused to search the influence of utilizing jute fibre on crashworthiness parameters of composite materials. To improve the mechanical properties, jute fiber was hybridized with glass fiber. In this work, there are two main parts of study. Firstly, it is to investigate the effect of cross-sectional shapes, number of layers and temperature treatment on the progressive deformation of jute/epoxy composite tubes. Secondly, the suitable type of geometry was chosen to study the effect of hybrid (jute-glass/epoxy) onto the structural designs. All the tests were undergone quasi-static axial crushing of 10 mm/min. Their peak load (Pmax), mean load (Pm), energy absorption (EA) and specific energy absorption (SEA) were discussed in detail. In the study of types of five geometrical shapes (corrugated, circular, hexagonal, octagonal and decagonal cross sectional) with different number of layers (two, three and four layers). It is found that the corrugated geometric shape with three layers (RHS) gives the best energy absorption (30.92 J/g) in specific energy absorption parameter compared to other geometries used in present study. For the temperature treatment, the results showed that the post-curing by gradual temperature treatment (TT) improved the peak load by decreased with 55% as compared to similar circular specimen without temperature treatment (No TT). From the test, it is found that the substitution of one layer of jute fibre with one layer of glass fibre resulted in an improvement in the crashworthiness parameters than layers jute. The best result was obtained when hybrid jute-glass was used, where the energy absorption and specific energy absorption was improved by about 43% and 31%, respectively

    Monetary-Exchange Rate Policy and Current Account Dynamics

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    A dynamic stochastic general equilibrium monetary model with incomplete and imperfect asset markets, monopolistic competition and staggered nominal price rigidities is developed to shed light on the role of exchange rate and its relation with current account dynamics in the formulation of monetary-exchange rate policies. The paper shows that because of incomplete risk sharing, due to incomplete asset markets, the dynamic relationship between real exchange rate and net foreign assets affect the behaviour of domestic inflation and aggregate output. This, in turn, implies that the optimal monetary policy entail a response to net foreign asset position or the real exchange rate gap defined as the difference between actual real exchange rate and the value that would prevail with flexible prices and complete asset markets. In comparing the performance of alternative monetary-exchange rate policy rules, an interesting and fairly robust result that stands out is that ‘dirty floating’ out-performs flexible exchange rate regime with domestic inflation targeting.optimal monetary policy; incomplete asset markets; net foreign assets; current account dynamics; inflation targeting; exchange rate policy

    EMPLOYEE STOCK OPTIONS INCENTIVE EFFECTS: A CPT-BASED MODEL

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    This paper examines the incentives from stock options for loss-averse employees subject to probability weighting. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous time model to value options from the perspective of a representative employee. Consistent with a growing body of empirical and experimental studies, the model predicts that the employee may overestimate the value of his options in-excess of their risk-neutral value. This is nevertheless in stark contrast with a common finding of standard models based on the Expected Utility Theory (EUT) framework that options value to a risk-averse undiversified employee is strictly lower than the value to risk-neutral outside investors. In particular, I proved that loss aversion and probability weighting have countervailing effects on the option subjective value. In addition, for typical setting of preferences parameters around the experimental estimates, and assuming the company is allowed to adjust existing compensation when making new stock option grants, the model predicts that incentives are maximized for strike prices set around the stock price at inception. This finding is consistent with companies' actual compensation practices that standard EUT-based models have difficulties accommodating their existence.Stock options, Cumulative Prospect Theory, Incentives, Subjective value

    Spectral Properties of Non-Unitary Band Matrices

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    We consider families of random non-unitary contraction operators defined as deformations of CMV matrices which appear naturally in the study of random quantum walks on trees or lattices. We establish several deterministic and almost sure results about the location and nature of the spectrum of such non-normal operators as a function of their parameters. We relate these results to the analysis of certain random quantum walks, the dynamics of which can be studied by means of iterates of such random non-unitary contraction operators.Comment: updated version, to appear in Annales Henri Poincar

    Nonequilibrium dynamics of a spin-3/2 Blume Capel model with quenched random crystal field

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    The relaxation and complex magnetic susceptibility treatments of a spin-3/2 Blume-Capel model with quenched random crystal field on a two dimensional square lattice are investigated by a method combining the statistical equilibrium theory and the thermodynamics of linear irreversible processes. Generalized force and flux are defined in irreversible thermodynamics limit. The kinetic equation for the magnetization is obtained by using linear response theory. Temperature and also crystal field dependencies of the relaxation time are obtained in the vicinity of phase transition points. We found that the relaxation time exhibits divergent treatment near the order-disorder phase transition point as well as near the isolated critical point whereas it displays cusp behavior near the first order phase transition point. In addition, much effort has been devoted to investigation of complex magnetic susceptibility response of the system to changing applied field frequencies and it is observed that the considered disordered magnetic system exhibits unusual and interesting behaviors. Furthermore, dynamical mean field critical exponents for the relaxation time and complex magnetic susceptibility are calculated in order to formulate the critical behavior of the system. Finally, a comparison of our observations with those of recently published studies is represented and it is shown that there exists a qualitatively good agreement.Comment: 13 pages, 8 figure
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