Behavioral portfolio selection with loss control

In this paper we formulate a continuous-time behavioral (à la cumulative prospect theory) portfolio selection model where the losses are constrained by a pre-specified upper bound. Economically the model is motivated by the previously proved fact that the losses occurring in a bad state of the world can be catastrophic for an unconstrained model. Mathematically solving the model boils down to solving a concave Choquet minimization problem with an additional upper bound. We derive the optimal solution explicitly for such a loss control model. The optimal terminal wealth profile is in general characterized by three pieces: the agent has gains in the good states of the world, gets a moderate, endogenously constant loss in the intermediate states, and suffers the maximal loss (which is the given bound for losses) in the bad states. Examples are given to illustrate the general results.     

MnOx/Al2O3/Ce0.45Zr0.45M0.10Oy （M = Mn, Y, La） catalysts used for ethanol catalytic combustion

MnOx/Al2O3/Ce0.45Zr0.45M0.10Oy (M = Mn,Y,La) catalysts were prepared by impregnation method and characterized by BET,TPR and XRD analyses.The catalytic activities toward ethanol combustion were investigated in a microreactor.The results demonstrated that the catalytic activity of MnOx/Al2O3/Ce0.50Zr0.50O2 monolithic catalyst could be improved by doping Mn,Y and La into Ce0.50Zr0.50O2.When doping Y into Ce0.50Zr0.50O2,the catalyst MnOx/Al2O3/Ce0.45Zr0.45Y0.10O1.95 showed the highest activity.The 100% conversion temperature of ethanol was 230 ℃.Furthermore,once the conversion of ethanol started,the complete conversion was quickly achieved.The doping of Mn,Y and La led to better activity for ethanol combustion and lower temperature reduction peaks in TPR profiles.The doping of Mn resulted in enhanced oxygen storage capacity (OSC),larger area of the reduction peaks,and excellent reactivity,and the doping of Y resulted in the lowest reduction temperature and the best activity.     

Online charge calibration of LHAASO-WCDA——a study with the engineering array

LHAASO-WCDA is a large ground-based water Cherenkov detector array planned to be built at ShangriLa, Yunnan Province, China. As a major component of the LHAASO project, the main purpose of LHAASO-WCDA is to survey the northern sky for very-high-energy（above 100 GeV） gamma ray sources and measure the spectrum. To gain full knowledge of the water Cherenkov technique and to investigate the engineering issues, a 9-cell detector array has been built at the Yang-Ba-Jing site, neighboring the ARGO-YBJ experiment. With the array, charge calibration methods for both low and high ranges of the PMT readout are studied, whose result shows that a precision at several percentages can be reached, which can satisfy the requirement of the detector array. During the long term operation, the charge calibration stability and environmental afection are studied; in this paper, the results are discussed. These calibration methods are proposed to be applied in the future LHAASO-WCDA project.     

多圆盘上的交换对偶Toeplitz算子

We completely characterize commutativity of Sρ and Sψ on L2α (Dn)⊥ for bounded pluriharmonic symbols ρ and ψ on Dn, and prove that SρSψ=Sψρ if and only if ρ is analytic or ψ is analytic.     

A Quinoline Derivated Chemosensor for Cu^2＋ Recognition

A quinoline derivative N-(2-hydroxyl-naphthylmethyl)-N-(quinol-8-yl)amine(2) was synthesized and characterized, which can selectively recognize Cu2+ over other metal ions such as Zn2+, Cd2+, Sn2+, Pb2+, Hg2+, Ni2+, Mg2+, Cr3+, Mn2+, Sr2+, K+, Ca2+, Na+, Ba2+ in acetonitrile/water(volume ratio 99:1). Cu2+ induced a new absorption peak at 464 nm in the absorption spectrum(ε=4.66×102 L·mol-1·cm-1) and quenched the fluorescence emission of quinoline derivative 2. The binding of quinoline derivative 2 to Cu2+ wa...     

High stability of the goldalloy fullerenes：A density functional theory investigation of M_（12）@Au_（20）（M=Na,Al,Ag,Sc,Y,La,Lu,and Au） clusters

Discovering highly stable metal fullerenes such as the celebrated C 60 is interesting in cluster science as they have potential applications as building blocks in new nanostructures.We here investigated the structural and electronic properties of the fullerenes M 12 @Au 20（M=Na,Al,Ag,Sc,Y,La,Lu,and Au）,using a first-principles investigation with the density functional theory.It is found that these compound clusters possess a similar cage structure to the icosahedral Au 32 fullerene.La 12 @Au 20 is found to be particularly stable among these clusters.The binding energy of La 12 @Au 20 is 3.43 eV per atom,1.05 eV larger than that in Au 32.The highest occupied molecular orbital-lowest unoccupied molecular orbital（HOMO-LUMO） gap of La 12 @Au 20 is only 0.31 eV,suggesting that it should be relatively chemically reactive.     

Synthesis of （S） and （R）-tilisolol hydrochloride

Tilisolol hydrochloride 1,a non-selectiveβ-adrenoceptor blocker,was developed as a drug for the treatment of hypertension and angina pectoris.The optical active forms of 1,1a and 1b were synthesized from inexpensive phthalic anhydride 2 in eight steps with 13%(S) and 15%(R) overall yield.     

Ethanol steam reforming over Ni-Cu/Al2O3-MyOz （M = Si, La, Mg, and Zn） catalysts

Ni-based catalysts doped with copper additives were studied on their role in ethanol steam reforming reaction.The effects of Ca content,support species involving Al2O3-SiO2,Al2O3-MgO,Al2O3-ZnO,and Al2O3-La2O3,on the catalytic performance were studied.Characterizations by TPR,XRD,NH3-TPD,XPS,and TGA indicated that catalysts 30Ni5Cu/Al2O3-MgO and 30NiSCu/Al2O3-ZnO have much higher H2 selectivity than 30NiSCu/Al2O3-SiO2,as well as good coke resistance.H2 selectivity for 30Ni5Cu/Al2O3-MgO catalyst was 73.3% at 450℃ and increased to 94.0% at 600 ℃,whereas for 30NiSCu/Al2O3-ZnO catalyst,the H2 selectivity was 63.6% at 450 ℃ and 95.2% at 600 ℃.These Al2O3-MgO and Al2O3-ZnO supported Ni-Cu bimetallic catalysts may have important applications in the production of hydrogen by ethanol steam reforming reactions.     

Existence and joint continuity of local time of multi-parameter fractional Lévy processes

In this paper, we introduce the definition of a multi-parameter fractional Lévy process and its local time, and show its decomposition. Using the decomposition, we prove existence and joint continuity of its local time.     

A Novel 3D Zn-La Heterometallic Coordination Polymer Involving in situ Glycinate Ligand Synthesis

One novel 3D 3d-4f coordination polymer, [LaZn(glc)(ox)2(H2O)2]n (1, glc = glycinate, ox = oxalate), was obtained by the in situ synthesis of glycinate from the reaction of tetrazole-1-acetic acid, sodium oxalate, zinc nitrate and lanthanide oxide in the presence of a trace quantity of nitric acid under hydrothermal conditions. Compound 1 is of monoclinic, space group P21/n with a = 0.99601(9), b = 1.14592(10), c = 1.19107(10) nm and β = 108.7150(10)°. 1 exhibits an unusual 3D heterometallic coordination framework constructed by heterometallic dinuclear LaZn subunits and mixed ox and glc linkers with a uninodal 6-connected vme {33 .43 .58 .6} net.