33,305 research outputs found

    Molecular dynamics study of nanoparticle stability at liquid interfaces : effect of nanoparticle-solvent interaction and capillary waves

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    While the interaction of colloidal particles (sizes in excess of 100 nm) with liquid interfaces may be understood in terms of continuum models, which are grounded in macroscopic properties such as surface and line tensions, the behaviour of nanoparticles at liquid interfaces may be more complex. Recent simulations [D. L. Cheung and S. A. F. Bon, Phys. Rev. Lett. 102, 066103 (2009)] of nanoparticles at an idealised liquid-liquid interface showed that the nanoparticle-interface interaction range was larger than expected due, in part, to the action of thermal capillary waves. In this paper, molecular dynamics simulations of a Lennard-Jones nanoparticle in a binary Lennard-Jones mixture are used to confirm that these previous results hold for more realistic models. Furthermore by including attractive interactions between the nanoparticle and the solvent, it is found that the detachment energy decreases as the nanoparticle-solvent attraction increases. Comparison between the simulation results and recent theoretical predictions [H. Lehle and M. Oettel, J. Phys. Condens. Matter 20, 404224 (2008)] shows that for small particles the incorporation of capillary waves into the predicted effective nanoparticle-interface interaction improves agreement between simulation and theory

    An Integrative Analysis of Business Bankruptcy in Australia.

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    This paper proposes an integrative and dynamic approach for analyzing business failure. The simulaneous estimation results obtained with Australian data indicate significant associations between bankruptcy rates in different industries. Most of these associations are positive and hence implying that bankruptcy in one industry can inflict a "domino" effect on other industries.BANKRUPTCY

    Two Heads Are Less Bubbly than One: Team Decision-Making in an Experimental Asset Market

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    We study the effect of team decision-making on bubbles and crashes in experimental asset markets of the kind introduced by Smith, Suchanek and Williams (1988). We find that populating such markets with teams of size two instead of individuals significantly reduces the severity of mispricing. In particular we observe that under our teams treatment, deviations in prices away from intrinsic value are significantly smaller in magnitude, shorter in duration and associated with lower volume and price volatility. We also find an unexpected gender effect in team composition, manifesting itself in more extreme – though not consistently more profitable – behaviour by all-male teams. Since these effects are not observed among male participants generally, we conjecture that they may be due to factors specific to the psychology of decision-making in male-dominated environments.asset market experiments, price bubbles, group decision-making, gender composition of teams

    League-Table Incentives and Price Bubbles in Experimental Asset Markets

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    We study experimental markets in which participants face incentives modeled upon those prevailing in markets for managed funds. Each participant's portfolio is periodically evaluated at market value and ranked in a league table according to short-term paper returns. Those who rank highly attract a larger share of new fund inflows. Under conditions in which prices are close to intrinsic value, the effect of incentives is mild. However under conditions in which markets are prone to bubble, mispricing is greatly exacerbated by incentives. Even in experienced markets, prices climb to levels clearly indicative of speculation and do not always crash back.league tables, price bubbles, managed funds markets, tournament incentives, asset market experiments

    A performance comparison between block interleaved and helically interleaved concatenated coding systems

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    The performance (bit-error rate vs. signal-to-noise ratio) of two different interleaving systems, block interleaving and the newer helical interleaving are compared. Both systems are studied with and without error forecasting. Without error forecasting, the two systems have identical performance. When error forecasting is used with shallow interleaving, helical interleaving gains, but less than 0.05 dB, over block interleaving. For higher interleaving depth, the systems have almost indistinguishable performance

    Two heads are less bubbly than one: Team decision-making in an experimental asset market

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    In the world of mutual funds management, responsibility for investment decisions is increasingly entrusted to small teams instead of individuals. Yet the effect of team decision-making in a market environment has never been studied in a controlled experiment. In this paper, we investigate the effect of team decision-making in an asset market experiment that has long been known to reliably generate price bubbles and crashes in markets populated by individuals. We find that this tendency is substantially reduced when each decision-making unit is instead a team of two. This holds across a broad spectrum of measures of the severity of mispricing, both under a continuous double-auction institution and in a call market. The result is not driven by reduced turnover due to time required for deliberation by teams, and continues to hold even when subjects are experienced. Our result also holds not only when our teams treatments are compared to the ‘narrow' baseline provided by the corresponding individuals treatments, but also when compared more broadly to the results of the large body of previous research on markets of this kind.group decision-making; price bubbles; asset market experiments

    Cutout reinforcements for shear loaded laminate and sandwich composite panels

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    This paper presents the numerical and experimental studies of shear loaded laminated and sandwich carbon/epoxy composite panels with cutouts and reinforcements aiming at reducing the cutout stress concentration and increasing the buckling stability of the panels. The effect of different cutout sizes and the design and materials of cutout reinforcements on the stress and buckling behaviour of the panels are evaluated. For the sandwich panels with a range of cutout size and a constant weight, an optimal ratio of the core to the face thickness has been studied for the maximum buckling stability. The finite element method and an analytical method are employed to perform parametric studies. In both constant stress and constant displacement shear loading conditions, the results are in very good agreement with those obtained from experiment for selected cutout reinforcement cases. Conclusions are drawn on the cutout reinforcement design and improvement of stress concentration and buckling behaviour of shear loaded laminated and sandwich composite panels with cutouts

    New line-interactive UPS system with DSP-based active power-line conditioning

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