TRYING TO FIT AN OVAL SHAPED ISLAND INTO A SQUARE CONSTITUTION: ARGUMENTS FOR PUERTO RICAN STATEHOOD

This Comment focuses on the limits placed on Puerto Rico under the United States Constitution and concludes that Puerto Rico must become the 51st state to improve its status under the Constitution. It explores Puerto Rico\u27s relationship with the United States and its unusual position under the Constitution. This Comment then examines the voting rights issues facing Puerto Ricans, including a First Circuit case which denied Puerto Ricans the right to vote in presidential elections. The Comment concludes that this case was correctly decided and the Supreme Court, in other decisions, has only recognized a limited right to vote under the Equal Protection Clause. Based on this case law, the Comment argues that Puerto Rico must become the 51st state to alleviate these voting rights issues

An asset and liability management (ALM) model using integrated chance constraints

This paper discusses and develops a Two Stage Integrated Chance Constraints Programming for the Employees Provident Fund Malaysia. The main aim is to manage, that is, balance assets and liabilities. Integrated Chance Constraints not only limit the event of underfunding but also the amount of underfunding. This paper includes the numerical illustration

Probing Newton's Constant on Vast Scales: DGP Gravity, Cosmic Acceleration and Large Scale Structure

The nature of the fuel that drives today's cosmic acceleration is an open and tantalizing mystery. The braneworld theory of Dvali, Gabadadze, and Porrati (DGP) provides a context where late-time acceleration is driven not by some energy-momentum component (dark energy), but rather is the manifestation of the excruciatingly slow leakage of gravity off our four-dimensional world into an extra dimension. At the same time, DGP gravity alters the gravitational force law in a specific and dramatic way at cosmologically accessible scales. We derive the DGP gravitational force law in a cosmological setting for spherical perturbations at subhorizon scales and compute the growth of large-scale structure. We find that a residual repulsive force at large distances gives rise to a suppression of the growth of density and velocity perturbations. Explaining the cosmic acceleration in this framework leads to a present day fluctuation power spectrum normalization sigma_8 <= 0.8 at about the two-sigma level, in contrast with observations. We discuss further theoretical work necessary to go beyond our approximations to confirm these results.Comment: 21 pages, 3 figures. References adde

Portfolio optimisation models and properties of return distributions

Mean-risk models have been widely used in portfolio optimisation. However, such models may produce portfolios that are dominated with respect to second order stochastic dominance and therefore not optimal for rational and risk-averse investors. This paper considers the problem of constructing a portfolio which is nondominated with respect to second order stochastic dominance and whose return distribution has specified desirable properties. The problem is multi-objective and is transformed into a single objective problem by using the reference point method, in which target levels, known as aspiration points, are specified for the objective function values. A model is proposed in which the aspiration points relate to ordered return outcomes of the portfolio return. The model is extended by additionally specifying reservation points, which act pre-emptively in the optimisation. The theoretical properties of the models are studied. The performance of the models on real data drawn from the Hang Seng index is also investigated

Nonequilibrium Langevin dynamics: a demonstration study of shear flow fluctuations in a simple fluid

The present study is based on a recent success of the second-order stochastic fluctuation theory in describing time autocorrelations of equilibrium and nonequilibrium physical systems. In particular, it was shown to yield values of the related deterministic parameters of the Langevin equation for a Couette flow in a microscopic Molecular Dynamics model of a simple fluid. In this paper we find all the remaining constants of the stochastic dynamics, which is then numerically simulated and directly compared with the original physical system. By using these data, we study in detail the accuracy and precision of a second-order Langevin model for nonequilibrium physical systems, theoretically and computationally. In addition, an intriguing relation is found between an applied external force and cumulants of the resulting flow fluctuations. This is characterized by a linear dependence of athermal cumulant ratio, a new quantity introduced here

Pilot Wave model that includes creation and annihilation of particles

The purpose of this paper is to come up with a Pilot Wave model of quantum field theory that incorporates particle creation and annihilation without sacrificing determinism. This has been previously attempted in an article by the same author titled "Incorporating particle creation and annihilation in Pilot Wave model", in a much less satisfactory way. In this paper I would like to "clean up" some of the things. In particular, I would like to get rid of a very unnatural concept of "visibility" of particles, which makes the model much simpler. On the other hand, I would like to add a mechanism for decoherence, which was absent in the previous version.Comment: 9 pages, no figure