Optimal Investment in a Levy Market

In this paper we consider the optimal investment problem in a market where the stock price process is modeled by a geometric Levy process (taking into account jumps). Except for the geometric Brownian model and the geometric Poissonian model, the resulting models are incomplete and there are many equivalent martingale measures. However, the model can be completed by the so-called power-jump assets. By doing this we allow investment in these new assets and we can try to maximize the expected utility of these portfolios. As particular cases we obtain the optimal portfolios based in stocks and bonds, showing that the new assets are superfluous for certain martingale measures that depend on the utility function we use.     

Activation profiles of opioid ligands in HEK cells expressing δ opioid receptors

Background  

The aim of the present study was to characterize the activation profiles of 15 opioid ligands in transfected human embryonic kidney cells expressing only δ opioid receptors. Activation profiles of most of these ligands at δ opioid receptors had not been previously characterized in vitro. Receptor activation was assessed by measuring the inhibition of forskolin-stimulated cAMP production.     

Estimating Invariant Probability Densities for Dynamical Systems

Knowing a probability density (ideally, an invariant density) for the trajectories of a dynamical system allows many significant estimates to be made, from the well-known dynamical invariants such as Lyapunov exponents and mutual information to conditional probabilities which are potentially more suitable for prediction than the single number produced by most predictors. Densities on typical attractors have properties, such as singularity with respect to Lebesgue measure, which make standard density estimators less useful than one would hope. In this paper we present a new method of estimating densities which can smooth in a way that tends to preserve fractal structure down to some level, and that also maintains invariance. We demonstrate with applications to real and artificial data.     

Gauge fixing, families index theory, and topological features of the space of lattice gauge fields

The families index theory for the overlap lattice Dirac operator is applied to derive topological features of the space of SU(N) lattice gauge fields on the 4-torus: the topological sectors, specified by the fermionic topological charge, are shown to contain noncontractible even-dimensional spheres when N3, and noncontractible circles in the N=2 case. We describe how certain obstructions to the existence of gauge fixings without the Gribov problem in the continuum setting correspond on the lattice to obstructions to the contractibility of these spheres and circles. We also point out a canonical connection on the space of lattice gauge fields with monopole-like singularities associated with the spheres.     

A nondifferentiable extension of a theorem of Pucci and Serrin and applications

We study the multiplicity of critical points for functionals which are only differentiable along some directions. We extend to this class of functionals the three critical point theorem of Pucci and Serrin and we apply it to a one-parameter family of functionals Jλ, λ∈I⊂R. Under suitable assumptions, we locate an open subinterval of values λ in I for which Jλ possesses at least three critical points. Applications to quasilinear boundary value problems are also given.     

New Plasmon Waveguides Composed of Twin Metal Wedges with a Nano Gap

We have numerically shown the existence of coupled wedge plasmons (CWPs) which propagates along a nano gap of a twin metal wedge. The CWPs are formed by wedge plasmons which can interact with each other. The dispersion relations of the wavenumber, propagation distance, and beam area of CWPs, are described and show that the characteristics of CWPs are similar to those of wedge plasmons and of gap plasmons. We also propose a new plasmon waveguide composed of twin metal wedges with a nano gap.     

Corn stover fractions and bioenergy

Information is presented on structure, composition, and response to enzymes of corn stover related to barriers for bioconversion to ethanol. Aromatic compounds occurred in most tissue cell walls. Ferulic acid esterase treatment before cellulase treatment significantly improved dry weight loss and release of phenolic acids and sugars in most fractions over cellulase alone. Leaf fractions were considerably higher in dry weight loss and released sugars with esterase treatment, but stem pith cells gave up the most phenolic acids. Results help identify plant fractions more appropriate for coproducts and bioconversion and those more suitable as residues for soil erosion control.     

Area,coarea, and approximation in <Emphasis Type="Italic">W</Emphasis><Superscript>1,1</Superscript>

Let Ω⊂ℝ ⁿ be an arbitrary open set. We characterize the space W ^1,1 _loc(Ω) using variants of the classical area and coarea formulas. We use these characterizations to obtain a norm approximation and trace theorems for functions in the space W ^1,1(ℝ ⁿ ).     

Working group report: Collider Physics

This is summary of the activities of the working group on collider physics in the IXth Workshop on High Energy Physics Phenomenology (WHEPP-9) held at the Institute of Physics, Bhubaneswar, India in January 2006. Some of the work subsequently done on these problems by the subgroups formed during the workshop is included in this report.