Rates of C-S bond cleavage in tert-alkyl phenyl sulfide radical cations

[reaction: see text] Radical cations of tert-alkyl phenyl sulfides 1-4 have been generated photochemically in MeCN in the presence of the N-methoxyphenanthridinium cation (MeOP(+)), and the rates of C-S bond cleavage have been determined by laser flash photolysis.     

Time irregularity of generalized Ornstein–Uhlenbeck processes

This Note is concerned with the properties of solutions to a linear evolution equation perturbed by a cylindrical Lévy process. It turns out that solutions, under rather weak requirements, do not have a càdlàg modification. Some natural open questions are also stated.     

A note on scale functions and the time value of ruin for Lévy insurance risk processes

We examine discounted penalties at ruin for surplus dynamics driven by a general spectrally negative Lévy process; the natural class of stochastic processes which contains many examples of risk processes which have already been considered in the existing literature. Following from the important contributions of [Zhou, X., 2005. On a classical risk model with a constant dividend barrier. North Am. Act. J. 95-108] we provide an explicit characterization of a generalized version of the Gerber-Shiu function in terms of scale functions, streamlining and extending results available in the literature.     

Securitizing and tranching longevity exposures

We consider the problem of optimally designing longevity risk transfers under asymmetric information. We focus on holders of longevity exposures that have superior knowledge of the underlying demographic risks, but are willing to take them off their balance sheets because of capital requirements. In equilibrium, they transfer longevity risk to uninformed agents at a cost, where the cost is represented by retention of part of the exposure and/or by a risk premium. We use a signalling model to quantify the effects of asymmetric information and emphasize how they compound with parameter uncertainty. We show how the cost of private information can be minimized by suitably tranching securitized cashflows, or, equivalently, by securitizing the exposure in exchange for an option on mortality rates. We also investigate the benefits of pooling several longevity exposures and the impact on tranching levels.     

Hausdorff measures of subgroups of \mathbb{R }/\mathbb{Z } and \mathbb{R }

For a sequence $\underline{u}=(u_n)_{n\in \mathbb{N }}$ of integers, let $t_{\underline{u}}(\mathbb{T })$ be the group of all topologically $\underline{u}$ -torsion elements of the circle group $\mathbb{T }:=\mathbb{R }/\mathbb{Z }$ . We show that for any $s\in ]0,1[$ and $m\in \{0,+\infty \}$ there exists $\underline{u}$ such that $t_{\underline{u}}(\mathbb{T })$ has Hausdorff dimension $s$ and $s$ -dimensional Hausdorff measure equal to $m$ (no other values for $m$ are possible). More generally, for dimension functions $f,g$ with $f(t)\prec g(t), f(t)\prec \!\!\!\prec t$ and $g(t)\prec \!\!\!\prec t$ we find $\underline{u}$ such that $t_{\underline{u}}(\mathbb{T })$ has at the same time infinite $f$ -measure and null $g$ -measure.     

Lipschitz and path isometric embeddings of metric spaces

We prove that each sub-Riemannian manifold can be embedded in some Euclidean space preserving the length of all the curves in the manifold. The result is an extension of Nash C ¹ Embedding Theorem. For more general metric spaces the same result is false, e.g., for Finsler non-Riemannian manifolds. However, we also show that any metric space of finite Hausdorff dimension can be embedded in some Euclidean space via a Lipschitz map.     

Logics for belief functions on MV-algebras

In this paper we present a generalization of belief functions over fuzzy events. In particular we focus on belief functions defined in the algebraic framework of finite MV-algebras of fuzzy sets. We introduce a fuzzy modal logic to formalize reasoning with belief functions on many-valued events. We prove, among other results, that several different notions of belief functions can be characterized in a quite uniform way, just by slightly modifying the complete axiomatization of one of the modal logics involved in the definition of our formalism.