A Bayesian approach to pricing longevity risk based on risk-neutral predictive distributions

We present a Bayesian approach to pricing longevity risk under the framework of the Lee-Carter methodology. Specifically, we propose a Bayesian method for pricing the survivor bond and the related survivor swap designed by Denuit et al. (2007). Our method is based on the risk neutralization of the predictive distribution of future survival rates using the entropy maximization principle discussed by Stutzer (1996). The method is illustrated by applying it to Japanese mortality rates.     

Sorption of water vapor into polyelectrolyte complex of poly(styrenesulfonic acid)/poly(4-vinyl-N-ethylpyridinium bromide)

Successive differential and integral sorptions of water vapor into the polyelectrolyte complex of poly (sty renesulfonic acid) / poly(4-vinyl-N-ethylpyridinum bromide) have been measured; films of stoichiometric (1/1 molar ratio) and nonstoichiometric (2/1 molar ratio) complex were employed in the experiments. Sorption isotherms have been also determined by using the values obtained from integral sorption experiments. The sorption data have suggested the following. (i) The rearrangement of polymer chains plays a relatively unimportant role in sorption of water. (ii) The relaxation motion of network chains is suppressed. (iii) The change of morphological structure caused by vapor sorption is obscure. (iv) The ionic character of the 1/1 complex is higher than that of 2/1 complex. (v) A small amount of water can be dispersed on specific polymer sites, but the sorption of a large amount of water is accompanied by an expansion of network structure. Points (i)-(v) have been consistently interpreted on the basis of the network structure and ionic character of this complex.     

Microstructure of Milled Mesophase Pitch-Based Carbon Fibers as an Anode Material for Li-ion Batteries

Abstract

The microstructure of milled mesophase pitch-based carbon fibers (mMPCFs) that have been developed as an anode material for Li ion batteries have been studied as a function of heat treatment temperature (HTT), by SEM, X-ray diffraction, and Raman spectroscopy. And the results obtained are compared with those by X-ray diffraction (XRD) and SEM observations, for the characterization of specific structural features of mMPCFs as a promising anode material.     

Contribution of Discharge Excited Atomic N,N2*, and N2+ to a Plasma/Liquid Interfacial Reaction as Suggested by Quantitative Analysis

Electric-discharge nitrogen comprises three main types of excited nitrogen species-atomic nitrogen (N_atom), excited nitrogen molecules (N₂*), and nitrogen ions (N₂⁺) – which have different lifetimes and reactivities. In particular, the interfacial reaction locus between the discharged nitrogen and the water phase produces nitrogen compounds such as ammonia and nitrate ions (denoted as N-compounds generically); this is referred to as the plasma/liquid interfacial (P/L) reaction. The N_atom amount was analyzed quantitatively to clarify the contribution of N_atom to the P/L reaction. We focused on the quantitative relationship between N_atom and the produced N-compounds, and found that both N₂* and N₂⁺, which are active species other than N_atom, contributed to P/L reaction. The production of N-compounds from N₂* and N₂⁺ was enhanced upon UV irradiation of the water phase, but the production of N-compounds from N_atom did not increase by UV irradiation. These results revealed that the P/L reactions starting from N_atom and those starting from N₂^* and N₂⁺ follow different mechanisms.     

Thermodynamic evidence for nanoscale bose-einstein condensation in (4)He confined in nanoporous media

We report the measurements of the heat capacity of (4)He confined in nanoporous Gelsil glass that has nanopores of 2.5-nm diameter at pressures up to 5.3 MPa. The heat capacity has a broad peak at a temperature much higher than the superfluid transition temperature obtained using the torsional oscillator technique. The peak provides definite thermodynamic evidence for the formation of localized Bose-Einstein condensates on nanometer length scales. The temperature dependence of the heat capacity is described well by the excitations of phonons and rotons, supporting the existence of localized Bose-Einstein condensates.     

Reaction of germabenzenylpotassium with TBDMSCl: Unusual trimerization of germabenzene skeletons

Abstract

The reaction of 2-t-Bu-germabenzenylpotassium with Me₂(t-Bu)SiCl (TBDMSCl) resulted in the coupling among two TBDMS-substituted germabenzenes and the germabenzenylpotassium. The structure of the product was determined by X-ray crystallographic analysis. Its formation mechanism was proposed with the help of theoretical calculations.     

Electron transport through carbon nanotube intramolecular heterojunctions with peptide linkages

We present a systematic analysis of electron transport characteristics of carbon nanotube (CNT) intramolecular heterojunctions with peptide linkages, MM, SS, SM1, and SM2 where M and S stand for metallic and semiconducting CNT electrodes, respectively. Our theoretical investigations show that the incorporation of peptide linkages and their associated dipole moments play an important role in determining the electron transport characteristics and lead to materials with unique properties, such as Schottky-like behavior. Furthermore, we show that the Schottky-like behavior is observed in our SM1 junction but not in the SM2 junction because of the different effects that arise from both the direction and strength of their dipole moments. We believe that our results will pave the way towards the design and implementation of various electronic logic functions based on carbon nanotubes for applications in the field of nanoelectronics.     

Starter units of the biosynthesis of blepharismins: self-defense pigments of Blepharisma japonicum

The heterotrich ciliate Blepharisma japonicum produces red pigment blepharismins, which function as self-defense toxin against predators and as a photoreceptor for step-up photonegativity. The dibenzoperylenequinone moiety of blepharismins was shown to be biosynthesized via the polyketide pathway. In this paper, the starter units of the biosynthetic pathway of blepharismins were determined to be isovaleryl-CoA and butyryl-CoA by HPLC, LC/ESI-MS, and ¹H and ²H NMR analyses of the pigments obtained from feeding experiment of l-leucine or sodium butyrate in excess and deuterium-labeled l-leucine.     

Studies on neurosteroids XXII. Liquid chromatography-tandem mass spectrometric method for profiling rat brain 3-oxo-4-ene-neuroactive steroids

A sensitive liquid chromatography-electrospray ionization-tandem mass spectrometric (LC-ESI-MS/MS) method for the simultaneous determination of five 3-oxo-4-ene-neuroactive steroids, i.e. androstenedione, testosterone (T), progesterone (PROG), 20alpha-dihydroprogesterone and 20beta-dihydroprogesterone, in rat brain has been developed and validated. The brain steroids were extracted with methanol-acetic acid, purified using solid-phase extraction cartridges and subjected to LC-ESI-MS/MS. The method does not require derivatization. Deuterium-labeled T and PROG were used as the internal standards, and quantification was based on the selected reaction monitoring mode. This method allowed the reproducible and accurate quantification of the brain neuroactive steroids using 100 mg of tissue; the intra- and inter-assay relative standard deviations were below 4.7 and 4.3%, respectively, and the accuracy values were 97.6-103.2% for all the steroids. The limits of quantitation were 0.1 ng/g tissue for all the steroids. The application of this developed method for the analysis of changes in the brain neuroactive steroid levels by immobilization stress is also presented.