Spontaneous emergence of contrarian-like behaviour in an opinion spreading model

We introduce stochastic driving in the Sznajd model of opinion spreading. This stochastic effect is meant to mimic a social temperature, so that agents can take random decisions with a varying probability. We show that a stochastic driving has a tremendous impact on the system dynamics as a whole by inducing an order-disorder nonequilibrium phase transition. Interestingly, under certain conditions, this stochastic dynamics can spontaneously lead to agents in the system who are analogous to Galam's contarians.Comment: 4 eps figs, EuroPhys Lett styl

Are all Credit Default Swap databases equal?

The presence of different prices in different databases for the same securities can impair the comparability of research efforts and seriously damage the management decisions based upon such research. In this study we compare the six major sources of corporate Credit Default Swap prices: GFI, Fenics, Reuters EOD, CMA, Markit and JP Morgan, using the most liquid single name 5-year CDS of the components of the leading market indexes, iTraxx (European firms) and CDX (US firms) for the period from 2004 to 2010. We find systematic differences between the data sets implying that deviations from the common trend among prices in the different databases are not purely random but are explained by idiosyncratic factors as well as liquidity, global risk and other trading factors. The lower is the amount of transaction prices available the higher is the deviation among databases. Our results suggest that the CMA database quotes lead the price discovery process in comparison with the quotes provided by other databases. Several robustness tests confirm these results.Credit Default Swap prices, Databases, Liquidity

Ideal isotropic auxetic networks from random networks

Auxetic materials are characterized by a negative Poisson's ratio, $\mathrm{\nu}$. As the Poisson's ratio becomes negative and approaches the lower isotropic mechanical limit of $\mathrm{\nu = -1}$, materials show enhanced resistance to impact and shear, making them suitable for applications ranging from robotics to impact mitigation. Past experimental efforts aimed at reaching the $\mathrm{\nu = -1}$ limit have resulted in highly anisotropic materials, which show a negative Poisson's ratio only when subjected to deformations along specific directions. Isotropic designs have only attained moderately auxetic behavior, or have led to structures that cannot be manufactured in 3D. Here, we present a design strategy to create isotropic structures from disordered networks that leads to Poisson's ratios as low as $\mathrm{\nu = -0.98}$. The materials conceived through this approach are successfully fabricated in the laboratory and behave as predicted. The Poisson's ratio $\mathrm{\nu}$ is found to depend on network structure and bond strengths; this sheds light on the structural motifs that lead to auxetic behavior. The ideas introduced here can be generalized to 3D, a wide range of materials, and a spectrum of length scales, thereby providing a general platform that could impact technology.Comment: 16 pages, 6 figure

Engineering model transformations with transML

The final publication is available at Springer via http://dx.doi.org/10.1007%2Fs10270-011-0211-2Model transformation is one of the pillars of model-driven engineering (MDE). The increasing complexity of systems and modelling languages has dramatically raised the complexity and size of model transformations as well. Even though many transformation languages and tools have been proposed in the last few years, most of them are directed to the implementation phase of transformation development. In this way, even though transformations should be built using sound engineering principles—just like any other kind of software—there is currently a lack of cohesive support for the other phases of the transformation development, like requirements, analysis, design and testing. In this paper, we propose a unified family of languages to cover the life cycle of transformation development enabling the engineering of transformations. Moreover, following an MDE approach, we provide tools to partially automate the progressive refinement of models between the different phases and the generation of code for several transformation implementation languages.This work has been sponsored by the Spanish Ministry of Science and Innovation with project METEORIC (TIN2008-02081), and by the R&D program of the Community of Madrid with projects “e-Madrid" (S2009/TIC-1650). Parts of this work were done during the research stays of Esther and Juan at the University of York, with financial support from the Spanish Ministry of Science and Innovation (grant refs. JC2009-00015, PR2009-0019 and PR2008-0185)

Stable isotopes reveal differences in diet among reed bunting subspecies that vary in bill size

Reed bunting Emberiza schoeniclus subspecies vary considerably in bill size and shape and seem to be at an early stage of speciation, in which bill might be indirectly causing reproductive isolation. Hence, we evaluated whether bill size, as well as age and sex, are associated with foraging niche in three west European subspecies of reed bunting: the thin-billed schoeniclus, the intermediate-billed lusitanica and the thick-billed witherbyi. Blood sampling was undertaken at three sites in southwest Europe during the winter (when these subspecies co-occur), and stable isotope analyses (carbon and nitrogen) were performed to assess their foraging niches. Stable isotope analyses of potential food items confirmed uniform baseline isotopic composition among sites. schoeniclus showed a significantly broader isotopic niche than lusitanica and witherbyi, which seemed otherwise similar despite the fact that witherbyi is more divergent in bill traits. Stable isotope ratios were consistent with the latter two subspecies feeding on C3-plant-feeding insects, whereas schoeniclus diet also included C4 plant material. Despite its lower sexual dimorphism, sex and age differences were found only in schoeniclus, but these differences vary between locations in a complex manner. Our results suggest that bill size and shape differentiated between northern, migratory and southern, resident subspecies as a consequence of natural selection through competition during the winter, which is now reflected in isotopic niche divergence between subspecies. The potential roles of sexual selection, reed thickness and summer temperature on the difference in bill size (and greater sexual dimorphism) between lusitanica and witherbyi are discussed

Drafting 'better regulation": The economic cost of regulatory complexity

Different public agencies are seeking to draft ?better regulation?. Complex or poorly drafted norms are more difficult for economic agents to implement, tending to erode economic efficiency. The literature has so far concentrated on the analysis of regulatory complexity as a phenomenon related to the ?quantity? of norms. This article guides the process of adopting new regulations, taking into account that norms can also be complex due to new ?qualitative? reasons such as linguistic ambiguity or relational structure (references between legal documents). To perform the analysis, we develop new indicators for legibility and regulatory interconnectedness. Specifically, we construct a new database (RECOS ? REgulation COmplexity in Spain) by extracting information from 8171 norms (61 million words) which comprise the regulations of all the Spanish Autonomous regions. Our analysis reveals the relationship between measures of ?qualitative? complexity and relevant economic (productivity) and institutional (judicial efficacy) variables. This researc