Why do Hurst exponents of traded value increase as the logarithm of company size?

The common assumption of universal behavior in stock market data can sometimes lead to false conclusions. In statistical physics, the Hurst exponents characterizing long-range correlations are often closely related to universal exponents. We show, that in the case of time series of the traded value, these Hurst exponents increase logarithmically with company size, and thus are non-universal. Moreover, the average transaction size shows scaling with the mean transaction frequency for large enough companies. We present a phenomenological scaling framework that properly accounts for such dependencies.Comment: 10 pages, 4 figures, to appear in the Proceedings of the International Workshop on Econophysics of Stock Markets and Minority Games, Calcutta, 200

Approximate minimum-time trajectories for 2-link flexible manipulators

Powell's nonlinear programming code, VF02AD, was used to generate approximate minimum-time tip trajectories for 2-link semi-rigid and flexible manipulator movements in the horizontal plane. The manipulator is modeled with an efficient finite-element scheme for an n-link, m-joint system with horizontal-plane bending only. Constraints on the trajectory include boundary conditions on position and energy for a rest-to-rest maneuver, straight-line tracking between boundary positions, and motor torque limits. Trajectory comparisons utilize a change in the link stiffness, EI, to transition from the semi-rigid to flexible case. Results show the level of compliance necessary to excite significant modal behavior. Quiescence of the final configuration is examined with the finite-element model

Evolution of entanglement after a local quench

We study free electrons on an infinite half-filled chain, starting in the ground state with a bond defect. We find a logarithmic increase of the entanglement entropy after the defect is removed, followed by a slow relaxation towards the value of the homogeneous chain. The coefficients depend continuously on the defect strength.Comment: 14 pages, 9 figures, final versio

Detecting many-body entanglements in noninteracting ultracold atomic fermi gases

We explore the possibility of detecting many-body entanglement using time-of-flight (TOF) momentum correlations in ultracold atomic fermi gases. In analogy to the vacuum correlations responsible for Bekenstein-Hawking black hole entropy, a partitioned atomic gas will exhibit particle-hole correlations responsible for entanglement entropy. The signature of these momentum correlations might be detected by a sensitive TOF type experiment.Comment: 5 pages, 5 figures, fixed axes labels on figs. 3 and 5, added reference

Integrated control of vector-borne diseases of livestock--pyrethroids: panacea or poison?

Tick- and tsetse-borne diseases cost Africa approximately US$4-5 billion per year in livestock production-associated losses. The use of pyrethroid-treated cattle to control ticks and tsetse promises to be an increasingly important tool to counter this loss. However, uncontrolled use of this technology might lead to environmental damage, acaricide resistance in tick populations and a possible exacerbation of tick-borne diseases. Recent research to identify, quantify and to develop strategies to avoid these effects are highlighted

Entanglement evolution after connecting finite to infinite quantum chains

We study zero-temperature XX chains and transverse Ising chains and join an initially separate finite piece on one or on both sides to an infinite remainder. In both critical and non-critical systems we find a typical increase of the entanglement entropy after the quench, followed by a slow decay towards the value of the homogeneous chain. In the critical case, the predictions of conformal field theory are verified for the first phase of the evolution, while at late times a step structure can be observed.Comment: 15 pages, 11 figure

Entanglement growth and simulation efficiency in one-dimensional quantum lattice systems

We study the evolution of one-dimensional quantum lattice systems when the ground state is perturbed by altering one site in the middle of the chain. For a large class of models, we observe a similar pattern of entanglement growth during the evolution, characterized by a moderate increase of significant Schmidt coefficients in all relevant bipartite decompositions of the state. As a result, the evolution can be accurately described by a matrix product state and efficiently simulated using the time-evolving block decimation algorithm.Comment: 6 pages, 5 figure

Observations Outside the Light-Cone: Algorithms for Non-Equilibrium and Thermal States

We apply algorithms based on Lieb-Robinson bounds to simulate time-dependent and thermal quantities in quantum systems. For time-dependent systems, we modify a previous mapping to quantum circuits to significantly reduce the computer resources required. This modification is based on a principle of "observing" the system outside the light-cone. We apply this method to study spin relaxation in systems started out of equilibrium with initial conditions that give rise to very rapid entanglement growth. We also show that it is possible to approximate time evolution under a local Hamiltonian by a quantum circuit whose light-cone naturally matches the Lieb-Robinson velocity. Asymptotically, these modified methods allow a doubling of the system size that one can obtain compared to direct simulation. We then consider a different problem of thermal properties of disordered spin chains and use quantum belief propagation to average over different configurations. We test this algorithm on one dimensional systems with mixed ferromagnetic and anti-ferromagnetic bonds, where we can compare to quantum Monte Carlo, and then we apply it to the study of disordered, frustrated spin systems.Comment: 19 pages, 12 figure

Liquidity and the multiscaling properties of the volume traded on the stock market

We investigate the correlation properties of transaction data from the New York Stock Exchange. The trading activity f(t) of each stock displays a crossover from weaker to stronger correlations at time scales 60-390 minutes. In both regimes, the Hurst exponent H depends logarithmically on the liquidity of the stock, measured by the mean traded value per minute. All multiscaling exponents tau(q) display a similar liquidity dependence, which clearly indicates the lack of a universal form assumed by other studies. The origin of this behavior is both the long memory in the frequency and the size of consecutive transactions.Comment: 7 pages, 3 figures, submitted to Europhysics Letter

Entanglement Entropy in Extended Quantum Systems

After a brief introduction to the concept of entanglement in quantum systems, I apply these ideas to many-body systems and show that the von Neumann entropy is an effective way of characterising the entanglement between the degrees of freedom in different regions of space. Close to a quantum phase transition it has universal features which serve as a diagnostic of such phenomena. In the second part I consider the unitary time evolution of such systems following a `quantum quench' in which a parameter in the hamiltonian is suddenly changed, and argue that finite regions should effectively thermalise at late times, after interesting transient effects.Comment: 6 pages. Plenary talk delivered at Statphys 23, Genoa, July 200