A comparative analysis of the value of information in a continuous time market model with partial information: the cases of log-utility and CRRA

We study the question what value an agent in a generalized Black-Scholes model with partial information attributes to the complementary information. To do this, we study the utility maximization problems from terminal wealth for the two cases partial information and full information. We assume that the drift term of the risky asset is a dynamic process of general linear type and that the two levels of observation correspond to whether this drift term is observable or not. Applying methods from stochastic filtering theory we derive an analytical tractable formula for the value of information in the case of logarithmic utility. For the case of constant relative risk aversion (CRRA) we derive a semianalytical formula, which uses as an input the numerical solution of a system of ODEs. For both cases we present a comparative analysis

Corrections to the thermodynamics of Schwarzschild-Tangherlini black hole and the generalized uncertainty principle

We investigate the thermodynamics of Schwarzschild-Tangherlini black hole in the context of the generalized uncertainty principle. The corrections to the Hawking temperature, entropy and the heat capacity are obtained via the modified Hamilton-Jacobi equation. These modifications show that the GUP changes the evolution of Schwarzschild-Tangherlini black hole. Specially, the GUP effect becomes susceptible when the radius or mass of black hole approach to the order of Planck scale, it stops radiating and leads to black hole remnant. Meanwhile, the Planck scale remnant can be confirmed through the analysis of the heat capacity. Those phenomenons imply that the GUP may give a way to solve the information paradox. Besides, we also investigate the possibilities to observe the black hole at LHC, the results demonstrate that the black hole can not be produced in the recent LHC.Comment: 12 pages, 6 figure