Stability of Markovian structure observed in high frequency foreign exchange data

Contrary to the common sense in economics and financial engineering, price fluctuations at very fine level of motion exhibit various evidences against the efficient market hypothesis. We attempt to investigate this issue by studying extensive amount of foreign currency exchange data for over five years at the finest level of resolution. We specifically focus on the proposed stability in binomial conditional probabilities originally found in much smaller examples of financial time series. In order to handle very large data, we have written an efficient program in C that automatically generates those conditional probabilities. It is found that the stability is maintained for extremely large time duration that covers almost the entire period. Based on the length of conditions for which the conditional probabilities are distinguishable each other, we identify the length of memory being less than 3 movements.     

Reactivity of a Ti–45.9Al–8Nb alloy in air at 700–900°C

A Ti–45.9Al–8Nb (at%) alloy with a lamellar structure (γ+α₂) was oxidised in air at 700, 800, 850 and 900°C in isothermal and thermal cycling conditions. The reaction progress was followed by thermogravimetric measurements. In isothermal conditions the oxidation kinetics followed approximately a parabolic rate law and the rate constants ranged from about 10^–12 kg² m^–4 s^–1 at 700°C to 10^–10 kg² m^–4 s^–1 at 900°C. The oxide scales were built of Al₂O₃ and TiO₂, the former being the main component of the outermost layer. The oxidation behaviour of Ti–45.9Al–8Nb was referred to a commercial titanium alloy, WT4 (Ti–6Al–1Mn), and selected oxidation-resistant alloys.     

False Vacuum Decay with Gravity in a Critical Case

The vacuum decay in a de Sitter universe is studied for the class of effective inflaton potentials that curvature at the top is less than as well as greater than a critical value determined previously. By comparing the actions of the Hawking - Moss instanton and the Coleman - de Luccia instanton(s) the mode of vacuum decay is determined in this critical situation.     

Homothetic self-similar solutions of three-dimensional Brans-Dicke gravity

All homothetic self-similar solutions of the Brans-Dicke scalar field in three-dimensional spacetime with circular symmetry are found in closed form.     

Thermodynamic modeling of the behavior of silicon oxide and nitride precursors in the preparation of dielectric layers

The thermodynamic properties of several silicon-containing derivatives of asymmetric dimethylhydrazine were estimated by comparative methods. The CVD diagrams of the deposition of silicon nitride and dioxide from gas media containing these reagents were constructed.     

A Quantum-Like Description of the Planetary Systems

The Titius–Bode law for planetary distances is reviewed. A model describing the basic features of this rule in the “quantum-like” language of a wave equation is proposed. Some considerations about the ’t Hooft idea on the quantum behavior of deterministic systems with dissipation are discussed.     

Increase of refractive index induced by absorbing centres

An analytical expression of the complex permittivity is derived for absorbing centres featuring inhomogeneous absorption-line broadening. Such an expression gives the dispersion law of the real part of the permittivity when the imaginary part has a Gaussian lineshape. Our mathematical approach starts from an overlap integral of Lorentzian-type dielectric susceptibilities weighted by a Gaussian probability distribution of the resonance absorption energies. The analytical solution found is consistent with the Kramers–Kronig relation. We demonstrate that, like in the case of homogeneous absorption-line broadening, the refractive index increases at photon energies lower than the resonance absorption energy also for inhomogeneous absorption-line broadening; if the absorbing centres emit Stokes-shifted radiation, such an increase can be exploited for passive and active waveguiding applications. An example is reported regarding active waveguides based on colour centres in a lithium fluoride crystal.     

Thermal behavior of the maleic anhydride modified poly(3-hydroxybutyrate)

Poly(3-hydroxybutyrate), PHB has been structurally modified through reaction with maleic anhydride, MA. Transesterification reaction was carried out fixing the PHB and MA and besides time and temperature the concentration of the triethylamine (used as catalyst) was changed. Glass transition, melting and crystallization temperature obtained from DSC curves and thermal degradation temperatures obtained from TG traces were used to evaluate the influence of the reaction conditions on the modification of PHB according to factorial design. On the base of the results the optimum conditions are to perform the PHB modification reaction with MA reaction at 110°C for 1 h with 5% v/v triethylamine.     

<Superscript>40</Superscript>K activities and potassium concentrations in tobacco samples of Mexican cigarettes

Nine brands of tobacco cigarettes manufactured and distributed in the Mexican market were analyzed by γ-spectrometry to certify their non-artificial radioactive contamination. Since natural occurring radioactive materials (NORM) ⁴⁰K, ²³²Th, ²³⁵U, and ²³⁹U (and decay products from the latter three nuclides) are the main sources for human radiation exposure, the aim of this work was to determine the activity of ⁴⁰K and potassium concentration. Averages of ⁴⁰K and potassium concentration were of 1.29±0.18 Bq·g⁻¹, and 4.0±0.57%. The annual dose equivalents to the whole body from ingestion and inhalation of 26 Bq ⁴⁰K were 0.23 μSv and 15.8 μSv, respectively. The corresponding 50 years committed dose equivalents was 0.23 μSv. The total committed dose to the lungs due to inhalation of ⁴⁰K in tobacco was 16 μSv. Potassium concentrations obtained in this work were in the same range of those obtained by INAA, so showing that the used technique is acute, reproducible, and accessible to laboratories equipped with low background scintillation detectors.