Information of Interest

A pricing formula for discount bonds, based on the consideration of the market perception of future liquidity risk, is established. An information-based model for liquidity is then introduced, which is used to obtain an expression for the bond price. Analysis of the bond price dynamics shows that the bond volatility is determined by prices of certain weighted perpetual annuities. Pricing formulae for interest rate derivatives are derived.Comment: 12 pages, 3 figure

Aeroelastic effects in multi-rotor vehicles with application to a hybrid heavy lift system. Part 1: Formulation of equations of motion

This report presents a set of governing coupled differential equations for a model of a hybrid aircraft. The model consists of multiple rotor systems connected by an elastic interconnecting structure, with options to add any combination of or all of the following components; i.e., thrusters, a buoyant hull, and an underslung weight. The dynamic equations are written for the individual blade with hub motions, for the rigid body motions of the whole model, and also for the flexible modes of the interconnecting structure. One of the purposes of this study is to serve as the basis of a numerical study aimed at determining the aeroelastic stability and structural response characteristics of a Hybrid Heavy Lift Airship (HHLA). It is also expected that the formulation may be applicable to analyzing stability and responses of dual rotor helicopters such as a Heavy Lift Helicopter (HLH). Futhermore, the model is capable of representing coupled rotor/body aeromechanical problems of single rotor helicopters

Innovation Rate Sampling of Pulse Streams with Application to Ultrasound Imaging

Signals comprised of a stream of short pulses appear in many applications including bio-imaging and radar. The recent finite rate of innovation framework, has paved the way to low rate sampling of such pulses by noticing that only a small number of parameters per unit time are needed to fully describe these signals. Unfortunately, for high rates of innovation, existing sampling schemes are numerically unstable. In this paper we propose a general sampling approach which leads to stable recovery even in the presence of many pulses. We begin by deriving a condition on the sampling kernel which allows perfect reconstruction of periodic streams from the minimal number of samples. We then design a compactly supported class of filters, satisfying this condition. The periodic solution is extended to finite and infinite streams, and is shown to be numerically stable even for a large number of pulses. High noise robustness is also demonstrated when the delays are sufficiently separated. Finally, we process ultrasound imaging data using our techniques, and show that substantial rate reduction with respect to traditional ultrasound sampling schemes can be achieved.Comment: 14 pages, 13 figure

Crime In 2016: A Preliminary Analysis

Earlier this year, the Brennan Center analyzed crime data from the 30 largest cities in 2015, finding that crime overall remained the same as in 2014. It also found that murder increased by 14 percent, with just three cities — Baltimore, Chicago, and Washington, D.C. — responsible for half that increase. All told, 2015's murder rate was still near historic lows. The authors concluded that reports of a national crime wave were premature and unfounded, and that "the average person in a large urban area is safer walking on the street today than he or she would have been at almost any time in the past 30 years."This report updates those findings. It collects midyear data from police departments to project overall crime, violent crime, and murder for all of 2016

Crime Trends: 1990-2016

This report examines crime trends at the national and city level during the last quarter century. It covers the years 1990 through 2016, as crime rates peaked in 1991. It analyzes data from the Federal Bureau of Investigation and from police departments from the nation's 30 largest cities. Data for 2016 are estimated, as full year data was not available at the time of publication.This report concludes that although there are some troubling increases in crimes in specific cities, there is no evidence of a national crime wave

Covariant Uniform Acceleration

We show that standard Relativistic Dynamics Equation F=dp/d\tau is only partially covariant. To achieve full Lorentz covariance, we replace the four-force F by a rank 2 antisymmetric tensor acting on the four-velocity. By taking this tensor to be constant, we obtain a covariant definition of uniformly accelerated motion. We compute explicit solutions for uniformly accelerated motion which are divided into four types: null, linear, rotational, and general. For null acceleration, the worldline is cubic in the time. Linear acceleration covariantly extends 1D hyperbolic motion, while rotational acceleration covariantly extends pure rotational motion. We use Generalized Fermi-Walker transport to construct a uniformly accelerated family of inertial frames which are instantaneously comoving to a uniformly accelerated observer. We explain the connection between our approach and that of Mashhoon. We show that our solutions of uniformly accelerated motion have constant acceleration in the comoving frame. Assuming the Weak Hypothesis of Locality, we obtain local spacetime transformations from a uniformly accelerated frame K' to an inertial frame K. The spacetime transformations between two uniformly accelerated frames with the same acceleration are Lorentz. We compute the metric at an arbitrary point of a uniformly accelerated frame. We obtain velocity and acceleration transformations from a uniformly accelerated system K' to an inertial frame K. We derive the general formula for the time dilation between accelerated clocks. We obtain a formula for the angular velocity of a uniformly accelerated object. Every rest point of K' is uniformly accelerated, and its acceleration is a function of the observer's acceleration and its position. We obtain an interpretation of the Lorentz-Abraham-Dirac equation as an acceleration transformation from K' to K.Comment: 36 page

Expansions of the real field by open sets: definability versus interpretability

An open set U of the real numbers R is produced such that the expansion (R,+,x,U) of the real field by U defines a Borel isomorph of (R,+,x,N) but does not define N. It follows that (R,+,x,U) defines sets in every level of the projective hierarchy but does not define all projective sets. This result is elaborated in various ways that involve geometric measure theory and working over o-minimal expansions of (R,+,x). In particular, there is a Cantor subset K of R such that for every exponentially bounded o-minimal expansion M of (R,+,x), every subset of R definable in (M,K) either has interior or is Hausdorff null.Comment: 14 page