Analysis of Satellite-to-Satellite Tracking (SST) and altimetry data from GEOS-C

Radar altimetry and satellite-to-satellite (SST) range and range rate tracking measurements were used to infer the exterior gravitational field of the earth and the structure of the geoid from GEOS-C metric data. Under the SST analysis, a direct point-by-point estimate of gravity disturbance by means of a recursive filter with backward smoothing was attempted but had to be forsaken because of poor convergence. The adopted representation consists of a more or less uniform grid of discrete masses at a depth of approximately 400 km from the earth's surface. The layer is superimposed on a spherical harmonics model. The procedure for smoothing the altimetry and inferring the fine-structured gravity field over the Atlantic test area is described. The local disturbances are represented by means of a density layer. The altimeter height biases were first estimated by a least squares adjustment at orbital crossover points. After taking out the bias, long wavelength contributions from GEM-6 as well as a calibration correction were subtracted. The residual heights were then represented by a mass distribution beneath the earth's surface

Experimental investigation of a large-scale, two-dimensional, mixed-compression inlet system: Internal performance and drag at transonic conditions, free stream Mach equals 0.6 to 1.28

A large scale, variable-geometry inlet system with a design Mach number of 3.0 was tested at Mach numbers from 0.6 to 1.28. Variable features for off-design operation are an adjustable-height ramp system and a translating cowl. Experimental results are presented for transonic ramp and cowl positions showing the effect of throat boundary layer bleed and vortex generators on engine-face performance. Detailed pressure and force-balance data are used to evaluate transonic drag characteristics

The universal functorial equivariant Lefschetz invariant

We introduce the universal functorial equivariant Lefschetz invariant for endomorphisms of finite proper G-CW-complexes, where G is a discrete group. We use K_0 of the category of "phi-endomorphisms of finitely generated free RPi(G,X)-modules". We derive results about fixed points of equivariant endomorphisms of cocompact proper smooth G-manifolds.Comment: 33 pages; shortened version of the author's PhD thesis, supervised by Wolfgang Lueck, Westfaelische Wilhelms-Universitaet Muenster, 200

Theories of risk: testing investor behaviour on the Taiwan stock and stock index futures markets

This paper considers four utility functions - concave, convex, S-shaped, and reverse S-shaped - to analyze the behavior of different types of investors on the Taiwan stock index and its corresponding index futures. Using stochastic dominance (SD) rules, we show that the existence of all four investor types is plausible. Risk averters prefer spot to futures, whereas risk seekers prefer futures to spot. Investors with S-shaped utility functions prefer spot (futures) to futures (spot) when markets move upward (downward). Investors with reverse S-shaped utility functions prefer futures (spot) to spot (futures) when markets move upward (downward). We show that both spot and futures markets can exist when only risk averters are present, but futures can dominate spot only if there is some risk seeking behavior. These results are robust with respect to sub-periods, spot returns including dividends and diversification

Effects of Diversity on Multi-agent Systems: Minority Games

We consider a version of large population games whose agents compete for resources using strategies with adaptable preferences. The games can be used to model economic markets, ecosystems or distributed control. Diversity of initial preferences of strategies is introduced by randomly assigning biases to the strategies of different agents. We find that diversity among the agents reduces their maladaptive behavior. We find interesting scaling relations with diversity for the variance and other parameters such as the convergence time, the fraction of fickle agents, and the variance of wealth, illustrating their dynamical origin. When diversity increases, the scaling dynamics is modified by kinetic sampling and waiting effects. Analyses yield excellent agreement with simulations.Comment: 41 pages, 16 figures; minor improvements in content, added references; to be published in Physical Review

Behavior of shell-model configuration moments

An important input into reaction theory is the density of states or the level density. Spectral distribution theory (also known as nuclear statistical spectroscopy) characterizes the secular behavior of the density of states through moments of the Hamiltonian. One particular approach is to partition the model space into subspaces and find the moments in those subspaces; a convenient choice of subspaces are spherical shell-model configurations. We revisit these configuration moments and find, for complete $0\hbar\omega$ many-body spaces, the following behaviors: (a) the configuration width is nearly constant for all configurations; (b) the configuration asymmetry or third moment is strongly correlated with the configuration centroid; (c) the configuration fourth moment, or excess is linearly related to the square to the configuration asymmetry. Such universal behavior may allow for more efficient modeling of the density of states in a shell-model framework.Comment: 12 pages, 8 figure

Could mergers become more sustainable? A study of the stock exchange mergers of NASDAQ and OMX

This study investigates whether the merger of NASDAQ and OMX could reduce the portfolio diversification possibilities for stock market investors and whether it is necessary to implement national policies and international treaties for the sustainable development of financial markets. Our study is very important because some players in the stock markets have not yet realized that stock exchanges, during the last decades, have moved from government-owned or mutually-owned organizations to private companies, and, with several mergers having occurred, the market is tending gradually to behave like a monopoly. From our analysis, we conclude that increased volatility and reduced diversification opportunities are the results of an increase in the long-run comovement between each pair of indices in Nordic and Baltic stock markets (Denmark, Sweden, Finland, Estonia, Latvia, and Lithuania) and NASDAQ after the merger. We also find that the merger tends to improve the error-correction mechanism for NASDAQ so that it Granger-causes OMX, but OMX loses predictive power on NASDAQ after the merger. We conclude that the merger of NASDAQ and OMX reduces the diversification possibilities for stock market investors and our findings provide evidence to support the argument that it is important to implement national policies and international treaties for the sustainable development of financial markets