3,409 research outputs found

    Evaluating assessment systems

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    Variational principles for linear and non-linear elliptic equations

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    Imperial Users onl

    Coins falling in water

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    When a coin falls in water, its trajectory is one of four types determined by its dimensionless moment of inertia I∗I^\ast and Reynolds number Re: (A) steady; (B) fluttering; (C) chaotic; or (D) tumbling. The dynamics induced by the interaction of the water with the surface of the coin, however, makes the exact landing site difficult to predict a priori. Here, we describe a carefully designed experiment in which a coin is dropped repeatedly in water, so that we can determine the probability density functions (pdf) associated with the landing positions for each of the four trajectory types, all of which are radially symmetric about the center-drop line. In the case of the steady mode, the pdf is approximately Gaussian distributed, with variances that are small, indicating that the coin is most likely to land at the center, right below the point it is dropped from. For the other falling modes, the center is one of the least likely landing sites. Indeed, the pdf's of the fluttering, chaotic and tumbling modes are characterized by a "dip" around the center. For the tumbling mode, the pdf is a ring configuration about the center-line, with a ring width that depends on the dimensionless parameters I∗I^\ast and Re and height from which the coin is dropped. For the chaotic mode, the pdf is generally a broadband distribution spread out radially symmetrically about the center-line. For the steady and fluttering modes, the coin never flips, so the coin lands with the same side up as was dropped. For the chaotic mode, the probability of heads or tails is close to 0.5. In the case of the tumbling mode, the probability of heads or tails based on the height of the drop which determines whether the coin flips an even or odd number of times during descent

    An Analysis of the Behavior of the Risk Premium in the German Deutschemark Forward Market: A Comparison of Pre- and Post-German Reunification of 1990 Exchange Rates

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    The German reunification of 1990 and the methods of economic integration exerted considerable pressure on both the German economy and the deutschemark. This thesis addresses the issue that the reunification undermined the stability of the deutschemark, detectable through a change in the implied risk premium. Emphasis is placed on the forward deutschemark in the context of interest rate parity in order to detect a change in the implied risk premium. By using three month U.S. and German bank Certificate of Deposit rates as the basis for the IRP calculations, a considerable shift in this implied risk premium was detected and attributed to a riskier deutschemark

    Exploring implications of policy options concerning inter-subject comparability

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