Heuristic bidding strategies for multiple heterogeneous auctions

This paper investigates utility maximising bidding heuristics for agents that participate in multiple heterogeneous auctions, in which the auction format and the starting and closing times can be different. Our strategy allows an agent to procure one or more items and to participate in any number of auctions. For this case, forming an optimal bidding strategy by global utility maximisation is computationally intractable, and so we develop two-stage heuristics that first provide reasonable bidding thresholds with simple strategies before deciding which auctions to participate in. The proposed approach leads to an average gain of at least 24% in agent utility over commonly used benchmarks

Quantum Bit Commitment with a Composite Evidence

Entanglement-based attacks, which are subtle and powerful, are usually believed to render quantum bit commitment insecure. We point out that the no-go argument leading to this view implicitly assumes the evidence-of-commitment to be a monolithic quantum system. We argue that more general evidence structures, allowing for a composite, hybrid (classical-quantum) evidence, conduce to improved security. In particular, we present and prove the security of the following protocol: Bob sends Alice an anonymous state. She inscribes her commitment $b$ by measuring part of it in the + (for $b = 0$) or $\times$ (for $b=1$) basis. She then communicates to him the (classical) measurement outcome $R_x$ and the part-measured anonymous state interpolated into other, randomly prepared qubits as her evidence-of-commitment.Comment: 6 pages, minor changes, journal reference adde

Optimal bidding strategies for simultaneous Vickrey auctions with perfect substitutes

In this paper, we derive optimal bidding strategies for a global bidder who participates in multiple, simultaneous second-price auctions with perfect substitutes. We first consider a model where all other bidders are local and participate in a single auction. For this case, we prove that, assuming free disposal, the global bidder should always place non-zero bids in all available auctions, irrespective of the local bidders’ valuation distribution. Furthermore, for nondecreasing valuation distributions, we prove that the problem of finding the optimal bids reduces to two dimensions. These results hold both in the case where the number of local bidders is known and when this number is determined by a Poisson distribution. In addition, by combining analytical and simulation results, we demonstrate that similar results hold in the case of several global bidders, provided that the market consists of both global and local bidders. Finally, we address the efficiency of the overall market, and show that information about the number of local bidders is an important determinant for the way in which a global bidder affects efficiency

PPM demodulation for Reed-Solomon decoding for the optical space channel

The use of Reed-Solomon (RS) block codes over the pulse position modulated (PPM) frames to obtain the largest degree of error correction is considered. Since RS codes can correct both symbol errors and symbol erasures, a question arises as to the best way to demodulate the PPM laser fields in order to generate the input symbols for the RS decoder. The method selected for demodulating (converting the received laser field to digital symbols) defines the erasure and transmitted symbols of the laser link, and therefore determines the work error probabilities of the system. Several demodulating schemes are considered, and the effect of each on RS decoding performance computed. This computation was carried out for various optical receiver models. It is shown that simple threshold decisioning of pulse slots produces performance that degrades as the background noise increases. This is caused by the generation of too many erasures for the RS decoder to handle. A decision scheme, delta-max demodulation which offers improvement over threshold decisioning by redefining the generation of an erasure is proposed

Biological evaluations of novel 2,3,3-Trisphosphonate in osteoclastic and osteoblastic activities

Bisphosphonates (BPs) are the first line treatment for many bone diseases including hypercalcimia associated with bone malignancies. In this paper, we introduce a new analogue of bisphosphonate called the 2,3,3-Trisphosphonate (2,3,3-TriPP) that was synthesised in a two steps reaction. In vitro investigations using a medically known bisphosphonate (Etidronate) and the 2,3,3-TrisPP were performed with an aim to evaluate biological effect of this novel compound in major bone cells. 2,3,3-TrisPP showed to have potential to supress the bone resorption process, as our data found that this novel compound exhibited cytotoxic effect in osteoclastic cells at a low concentration of 0.172 mg/mL (LC50). A molecular docking computational simulation calculated a high level of binding affinity between the human farnesyl pyrophosphate synthase (hFPPS) and 2,3,3-TrisPP. This calculation suggested 2,3,3TrisPP may have undergone the mevalonate pathway to prevent the prenylation step during biosynthesis and subsequently resulted in the deactivation of osteoclastic cells. Finally, high levels of osteoblast mineralisation potentials were recorded upon treatments with 2,3,3-TrisPP (0.01-0.1 mg/ml), which implied 2,3,3-TrsiPP may also facilitate bone regeneration.Peer reviewe

Stable hydrogen and carbon isotope ratios of extractable hydrocarbons in the Murchison meteorite

A fairly fool-proof method to ensure that the compounds isolated from meteorites are truly part of the meteorites and not an artifact introduced by exposure to the terrestrial environment, storage, or handling is presented. The stable carbon and hydrogen isotope ratios in several of the chemical compounds extracted from the Murchison meteorite were measured. The results obtained by studying the amino acids in this meteorite gave very unusual hydrogen and carbon isotope ratios. The technique was extended to the different classes of hydrocarbons and the hydrocarbons were isolated using a variety of separation techniques. The results and methods used in this investigation are described in this two page paper

Changes in Polarization Position Angle across the Eclipse in the Double Pulsar System

We investigate the changes in polarization position angle in radiation from pulsar A around the eclipse in the Double Pulsar system PSR J0737-3039A/B at the 20 cm and 50 cm wavelengths using the Parkes 64-m telescope. The changes are ~2\sigma\ during and shortly after the eclipse at 20 cm but less significant at 50 cm. We show that the changes in position angle during the eclipse can be modelled by differential synchrotron absorption in the eclipse regions. Position angle changes after the eclipse are interpreted as Faraday rotation in the magnetotail of pulsar B. Implied charge densities are consistent with the Goldreich-Julian density, suggesting that the particle energies in the magnetotail are mildly relativistic.Comment: Accepted for publication in The Astrophysical Journal Letter