1,790 research outputs found

    The right not to know: the case of psychiatric disorders

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    This paper will consider the right not to know in the context of psychiatric disorders. It will outline the arguments for and against acquiring knowledge about the results of genetic testing for conditions such as breast cancer and Huntington's disease, and examine whether similar considerations apply to disclosing to clients the results of genetic testing for psychiatric disorders such as depression and Alzheimer's disease. The right not to know will also be examined in the context of the diagnosis of psychiatric disorders that are associated with stigma or for which there is no effective treatment. \ud \u

    Radial and angular rotons in trapped dipolar gases

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    We study Bose-Einstein condensates with purely dipolar interactions in oblate (pancake) traps. We find that the condensate always becomes unstable to collapse when the number of particles is sufficiently large. We analyze the instability, and find that it is the trapped-gas analogue of the ``roton-maxon'' instability previously reported for a gas that is unconfined in two dimensions. In addition, we find that under certain circumstances, the condensate wave function attains a biconcave shape, with its maximum density away from the center of the gas. These biconcave condensates become unstable due to azimuthl excitation - an angular roton.Comment: 4 pages, 3 figure

    The Rise of Accelerated Seasoned Equity Underwritings

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    Seasoned equity offerings (SEOs) executed through accelerated underwritings have increased global market share recently, raising over 850billionsince1998,andnowaccountforoverhalf(twothirds)ofthevalueofU.S.(European)SEOs.Weexamine31,242globalSEOs,executedduring19912004,whichraiseover850 billion since 1998, and now account for over half (two-thirds) of the value of U.S. (European) SEOs. We examine 31,242 global SEOs, executed during 1991-2004, which raise over 2.9 trillion for firms and selling shareholders. Compared to fully marketed deals, accelerated offerings occur more rapidly, raise more money, and require fewer underwriters. Importantly, accelerated deals reduce total issuance cost by about 250 basis points. Accelerated deals sell equal fractions of primary and secondary shares, whereas in traditional SEOs primary shares dominate. Announcement period returns are comparable for traditional and accelerated offerings, while secondary and mixed offerings trigger more negative market responses than do primary offerings. We conclude that this rapid, worldwide shift towards accelerated underwriting creates a spot market for SEOs, and represents the long-predicted shift towards an auction model for seasoned equity sales.Equity Offerings, Underwriting, Investment Banking

    Sovereign Wealth Fund Investment Patterns and Performance

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    This study describes the newly created Monitor-FEEM Sovereign Wealth Fund Database and discusses the investment patterns and performance of 1,216 individual investments, worth over 357billion,madeby35sovereignwealthfunds(SWFs)betweenJanuary1986andSeptember2008.ApproximatelyhalfoftheinvestmentswedocumentoccurafterJune2005,reflectingarecentsurgeofSWFactivity.WedocumentlargeSWFinvestmentsinlistedandunlistedequity,realestate,andprivateequityfunds,withthebulkofinvestmentsbeingtargetedincrossborderacquisitionsofsizeablebutnoncontrollingstakesinoperatingcompaniesandcommercialproperties.Theaverage(median)SWFinvestmentisa357 billion, made by 35 sovereign wealth funds (SWFs) between January 1986 and September 2008. Approximately half of the investments we document occur after June 2005, reflecting a recent surge of SWF activity. We document large SWF investments in listed and unlisted equity, real estate, and private equity funds, with the bulk of investments being targeted in cross-border acquisitions of sizeable but non-controlling stakes in operating companies and commercial properties. The average (median) SWF investment is a 441 million (55million)acquisitionofa42.355 million) acquisition of a 42.3% (26.2%) stake in an unlisted company; the most active SWFs originate from Singapore or the United Arab Emirates. Almost one-third (30.9%) of the number, and over half of the value (54.6%) of SWF investments are directed toward financial firms. The vast majority of SWF investments involve privately-negotiated purchases of ownership stakes in underperforming firms. We perform event study analysis using a sample of 235 SWF acquisitions of equity stakes in publicly traded companies around the world, and document a significantly positive mean abnormal return of about 0.9% around the announcement date. However, one-year matched-firm abnormal returns of SWFs average -15.49%, suggesting equity acquisitions by SWFs are followed by deteriorating firm performance. In cross sectional analysis, we find weak evidence of benefits associated with a monitoring role of SWFs and evidence consistent with agency costs created by conflicts of interest between SWFs and minority shareholder. SWFs have collectively lost over 57billion on their holdings of listed stock investments alone through March 2009.Sovereign Wealth Funds, International Financial Markets, Government Policy and Regulation

    Dipolar Bose gases: Many-body versus mean-field description

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    We characterize zero-temperature dipolar Bose gases under external spherical confinement as a function of the dipole strength using the essentially exact many-body diffusion Monte Carlo (DMC) technique. We show that the DMC energies are reproduced accurately within a mean-field framework if the variation of the s-wave scattering length with the dipole strength is accounted for properly. Our calculations suggest stability diagrams and collapse mechanisms of dipolar Bose gases that differ significantly from those previously proposed in the literature

    Stability of fermionic Feshbach molecules in a Bose-Fermi mixture

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    In the wake of successful experiments in Fermi condensates, experimental attention is broadening to study resonant interactions in degenerate Bose-Fermi mixtures. Here we consider the properties and stability of the fermionic molecules that can be created in such a mixture near a Feshbach resonance (FR). To do this, we consider the two-body scattering matrix in the many-body environment, and assess its complex poles. The stability properties of these molecules strongly depend on their centre-of-mass motion, because they must satisfy Fermi statistics. At low centre-of-mass momenta the molecules are more stable than in the absence of the environment (due to Pauli-blocking effects), while at high centre-of-mass momenta nontrivial many body effects render them somewhat less stable

    In Defence of Modest Doxasticism About Delusions

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    Here I reply to the main points raised by the commentators on the arguments put forward in my Delusions and Other Irrational Beliefs (OUP, 2009). My response is aimed at defending a modest doxastic account of clinical delusions, and is articulated in three sections. First, I consider the view that delusions are in-between perceptual and doxastic states, defended by Jacob Hohwy and Vivek Rajan, and the view that delusions are failed attempts at believing or not-quite-beliefs, proposed by Eric Schwitzgebel and Maura Tumulty. Then, I address the relationship between the doxastic account of delusions and the role, nature, and prospects of folk psychology, which is discussed by Dominic Murphy, Keith Frankish, and Maura Tumulty in their contributions. In the final remarks, I turn to the continuity thesis and suggest that, although there are important differences between clinical delusions and non-pathological beliefs, these differences cannot be characterised satisfactorily in epistemic terms. \u

    Dipolar Bose-Einstein condensates with dipole-dependent scattering length

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    We consider a Bose-Einstein condensate of polar molecules in a harmonic trap, where the effective dipole may be tuned by an external field. We demonstrate that taking into account the dependence of the scattering length on the dipole moment is essential to reproducing the correct energies and for predicting the stability of the condensate. We do this by comparing Gross-Pitaevskii calculations with diffusion Monte Carlo calculations. We find very good agreement between the results obtained by these two approaches once the dipole dependence of the scattering length is taken into account. We also examine the behavior of the condensate in non-isotropic traps

    Momordica charantia, a nutraceutical approach for inflammatory related diseases

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    Momordica charantia, commonly called bitter melon, is a plant belonging to Cucurbitaceae family known for centuries for its pharmacological activities, and nutritional properties. Due to the presence of many bioactive compounds, some of which possess potent biological actions, this plant is used in folk medicine all over the world for the treatment of different pathologies, mainly diabetes, but also cancer, and other inflammation-associated diseases. It is widely demonstrated that M. charantia extracts contribute in lowering glycaemia in patients affected by type 2 diabetes. However, the majority of existing studies on M. charantia bioactive compounds were performed only on cell lines and in animal models. Therefore, because the real impact of bitter melon on human health has not been thoroughly demonstrated, systematic clinical studies are needed to establish its efficacy and safety in patients. Besides, both in vitro and in vivo studies have demonstrated that bitter melon may also elicit toxic or adverse effects under different conditions. The aim of this review is to provide an overview of anti-inflammatory and anti-neoplastic properties of bitter melon, discussing its pharmacological activity as well as the potential adverse effects. Even if a lot of literature is available about bitter melon as antidiabetic drug, few papers discuss the anti-inflammatory and anti-cancer properties of this plant

    VARIATION IN CAROTENOID-BASED COLOR IN NORTHERN FLICKERS IN A HYBRID ZONE

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