Optimal derivatives design for mean–variance agents under adverse selection

We consider a problem of derivatives design under asymmetry of information: the principal sells a contingent claim to an agent, the type of whom he does not know. More precisely, the principal designs a contingent claim and prices it for each possible agent type, in such a way that each agent picks the contingent claim and pays the price that the principal designed for him. We assume that the preferences of the agent depend linearly on the parameters which determine the agent’s type; this model is rich enough to accommodate quadratic utilities. The problem then is reformulated as an optimization problem, where the optimization is performed within a class of convex functions. We prove an existence result for the provide explicit examples in the case when the agent is fully characterized by a single parameter     

SUMS: synchronous undulator–monochromator scans at Synchrotron Soleil

A strategy for performing synchronous undulator–monochromator scans (SUMS) compatible with the control system of Synchrotron Soleil has been developed. The implementation of the acquisition scheme has required the development of an electronic interface between the undulator and the beamline. The characterization of delays and jitters in the synchronous movement of various motor axes has motivated the development of a new electronic synchronization scheme among various axes, including the case when one of the axes is electronically accessible in `read‐only' mode. A software prototype has been developed to allow the existing hard continuous software to work in user units. The complete strategy has been implemented and successfully tested at the TEMPO beamline.     

Dynamic load balance applied to particle transport in fluids

This work presents a parallel numerical strategy to transport Lagrangian particles in a fluid using a dynamic load balance strategy. Both fluid and particle solvers are parallel, with two levels of parallelism. The first level is based on a substructuring technique and uses message passing interface (MPI) as the communication library; the second level consists of OpenMP pragmas for loop parallelisation at the node level. When dealing with transient flows, there exist two main alternatives to address the coupling of these solvers. On the one hand, a single-code approach consists in solving the particle equations once the fluid solution has been obtained at the end of a time step, using the same instance of the same code. On the other hand, a multi-code approach enables one to overlap the transport of the particles with the next time-step solution of the fluid equations, and thus obtain asynchronism. In this case, different codes or two instances of the same code can be used. Both approaches will be presented. In addition, a dynamic load balancing library is used on the top of OpenMP pragmas in order to continuously exploit all the resources available at the node level, thus increasing the load balance and the efficiency of the parallelisation and uses the MPI.     

Single-chain magnet behavior in a finite linear hexanuclear molecule

The careful monitoring of crystallization conditions of a mixture made of a Tb^III building block and a substituted nitronyl-nitroxide that typically provides infinite coordination polymers (chains), affords a remarkably stable linear hexanuclear molecule made of six Tb^III ions and five NIT radicals. The hexanuclear units are double-bridged by water molecules but ab initio calculations demonstrate that this bridge is inefficient in mediating any magnetic interaction other than a small dipolar antiferromagnetic coupling. Surprisingly the hexanuclears, despite being finite molecules, show a single-chain magnet (SCM) behavior. This results in a magnetic hysteresis at low temperature whose coercive field is almost doubled when compared to the chains. We thus demonstrate that finite linear molecules can display SCM magnetic relaxation, which is a strong asset for molecular data storage purposes because 1D magnetic relaxation is more robust than the relaxation mechanisms observed in single-molecule magnets (SMMs) where under-barrier magnetic relaxation can operate.

A stable hexanuclear molecule made of a Tb^III building block and a substituted nitronyl-nitroxide radical show a single-chain magnet behavior despite being a finite molecule.     

meta-Substituted triphenylamines as new dyes displaying exceptionally large Stokes shifts

A straightforward synthesis of fluorescent tris-meta-substituted triphenylamines (m-TPAs) is presented. These new fluorophores display a unique feature that is a remarkably high Stokes shift up to 250 nm, as compared to their para counterparts. Although the meta substitution is made at the expense of the quantum yield, the latter is maintained at an appreciable level (5%) making the m-TPAs a new class of fluorophores adaptable to a large range of applications from biology to materials science.     

Homodyne detection readout for bit-oriented holographic memories

Homodyne detection is proposed to increase the readout signal of bit-oriented holographic memories. It can be easily implemented on present memory architectures by making the diffracted signal interfere with a reflection of the reading beam. The large resulting increase of the readout signal can be used to enhance the data transfer rate. A first experimental demonstration of such a readout procedure is presented.     

Simultaneous achievement of narrow pulse width and low pulse-to-pulse timing jitter in 1.3 microm passively mode-locked quantum-dot lasers

We have analyzed pulse width and timing jitter in passively mode-locked two-section InAs quantum-dot lasers emitting at 1310 nm and have identified two distinct, extensive mode-locked regions with robust short pulses and low timing jitter. A record combination of 2 ps pulses and 25 fs/cycle timing jitter (500 fs, 1-100 MHz), with 1 mW average output power per facet, is demonstrated.     

The structure of unicellular maps, and a connection between maps of positive genus and planar labelled trees

A unicellular map is a map which has only one face. We give a bijection between a dominant subset of rooted unicellular maps of given genus and a set of rooted plane trees with distinguished vertices. The bijection applies as well to the case of labelled unicellular maps, which are related to all rooted maps by Marcus and Schaeffer’s bijection. This gives an immediate derivation of the asymptotic number of unicellular maps of given genus, and a simple bijective proof of a formula of Lehman and Walsh on the number of triangulations with one vertex. From the labelled case, we deduce an expression of the asymptotic number of maps of genus g with n edges involving the ISE random measure, and an explicit characterization of the limiting profile and radius of random bipartite quadrangulations of genus g in terms of the ISE.     

Collective increase of first impression bias

We propose a simple model of first impression bias (FIB), where agents tend to ignore features which contradict their initial view. We consider a population of agents which are all in contact with a media, communicating randomly chosen features of an object. In some cases, we observe on simulations that FIB is significantly more frequent when the agents interact with each other than when they are only in contact with the media. We design an analytical aggregated model of the global agent‐based model behavior, which helps to explain the higher number of FIB due to the interactions. © 2009 Wiley Periodicals, Inc. Complexity, 2010