Statistical foundations for assessing the difference between the classical and weighted-Gini betas

The ‘beta’ is one of the key quantities in the capital asset pricing model (CAPM). In statistical language, the beta can be viewed as the slope of the regression line fitted to financial returns on the market against the returns on the asset under consideration. The insurance counterpart of CAPM, called the weighted insurance pricing model (WIPM), gives rise to the so-called weighted-Gini beta. The aforementioned two betas may or may not coincide, depending on the form of the underlying regression function, and this has profound implications when designing portfolios and allocating risk capital. To facilitate these tasks, in this paper we develop large-sample statistical inference results that, in a straightforward fashion, imply confidence intervals for, and hypothesis tests about, the equality of the two betas.     

SYNCHRONIZATION OF TWO COUPLED HINDMARSH-ROSE NEURONS BY A PACEMAKER

This paper considers the synchronization of two coupled Hindmarsh-Rose neurons by a pacemaker.Based on the stability theory of differential equations,the complete synchronization of this pacemaker neuron model is reached.Moreover,we also show that pacemaker can enhance or induce synchronization.Numerical simulations are given to illustrate the main results.     

Quasirecognition by prime graph of finite simple groups L n (2) and U n (2)

Let G be a finite group. The prime graph ??(G) of G is defined as follows. The vertices of ??(G) are the primes dividing the order of G and two distinct vertices p, p?? are joined by an edge if G has an element of order pp??. Let L=L _n (2) or U _n (2), where n?R17. We prove that L is quasirecognizable by prime graph, i.e. if G is a finite group such that ??(G)=??(L), then G has a unique nonabelian composition factor isomorphic to L. As a consequence of our result we give a new proof for the recognition by element orders of L _n (2). Also we conclude that the simple group U _n (2) is quasirecognizable by element orders.     

Log-Harnack inequality for stochastic Burgers equations and applications

By proving an L²-gradient estimate for the corresponding Galerkin approximations, the log-Harnack inequality is established for the semigroup associated to a class of stochastic Burgers equations. As applications, we derive the strong Feller property of the semigroup, the irreducibility of the solution, the entropy-cost inequality for the adjoint semigroup, and entropy upper bounds of the transition density.     

Research Problems from the BCC21

A collection of open problems, mostly presented at the problem session of the 21st British Combinatorial Conference.     

An FEM approximation for a fourth-order variational inequality of second kind

A fourth-order variational inequality of the second kind arising in a plate frictional bending problem is considered. By using regularization method, the original problem can be formulated as a differentiable variational equation, and the corresponding discrete FEM variational equation is presented afterwards. Abstract error estimates and error estimates of the approximation are derived in terms of energy norm and L^2-norm.     

Some minimax theorems with strictly monotone transformation

Some two-function minimax theorems are proved. In these results, the staircase and quantitative-topological conditions of both functions involve strictly monotone transformation and mixing of functional values. Consequently, Lin Quan and Kindler＇s minimax theorems are generalized.     

On the low-lying zeros of Hasse-Weil L-functions for elliptic curves

In this paper, we obtain an unconditional density theorem concerning the low-lying zeros of Hasse-Weil L-functions for a family of elliptic curves. From this together with the Riemann hypothesis for these L-functions, we infer the majorant of 27/14 (which is strictly less than 2) for the average rank of the elliptic curves in the family under consideration. This upper bound for the average rank enables us to deduce that, under the same assumption, a positive proportion of elliptic curves have algebraic ranks equaling their analytic ranks and finite Tate-Shafarevich group. Statements of this flavor were known previously [M.P. Young, Low-lying zeros of families of elliptic curves, J. Amer. Math. Soc. 19 (1) (2005) 205-250] under the additional assumptions of GRH for Dirichlet L-functions and symmetric square L-functions which are removed in the present paper.     

Singular stochastic equations on Hilbert spaces: Harnack inequalities for their transition semigroups

We consider stochastic equations in Hilbert spaces with singular drift in the framework of [G. Da Prato, M. Röckner, Singular dissipative stochastic equations in Hilbert spaces, Probab. Theory Related Fields 124 (2) (2002) 261-303]. We prove a Harnack inequality (in the sense of [F.-Y. Wang, Logarithmic Sobolev inequalities on noncompact Riemannian manifolds, Probab. Theory Related Fields 109 (1997) 417-424]) for its transition semigroup and exploit its consequences. In particular, we prove regularizing and ultraboundedness properties of the transition semigroup as well as that the corresponding Kolmogorov operator has at most one infinitesimally invariant measure μ (satisfying some mild integrability conditions). Finally, we prove existence of such a measure μ for noncontinuous drifts.