International Stock Market Efficiency: A Non-Bayesian Time-Varying Model Approach

This paper develops a non-Bayesian methodology to analyze the time-varying structure of international linkages and market efficiency in G7 countries. We consider a non-Bayesian time-varying vector autoregressive (TV-VAR) model, and apply it to estimate the joint degree of market efficiency in the sense of Fama (1970, 1991). Our empirical results provide a new perspective that the international linkages and market efficiency change over time and that their behaviors correspond well to historical events of the international financial system.Comment: 21 pages, 2 tables, 6 figure

Cd3As2 is Centrosymmetric

This is a revised version of a manuscript that was originally posted here in February of 2014. It has been accepted at the journal Inorganic Chemistry after reviews that included those of two crystallographers who made sure all the t's were crossed and the i's were dotted. The old work (from 1968) that said that Cd3As2 was noncentrosymmetric was mistaken, with the authors of that study making a type of error that in the 1980s became infamous in crystallography. As a result of the increased scrutiny of the issue of centrosymmetricity of the 1980's, there are now much better analysis tools to resolve the issue fully, and its important to understand that not just our crystals are centrosymmetric, even the old guy's crystals were centrosymmetric (and by implication everyone's are). There is no shame in having made that error back in the day and those authors would not find the current centrosymmetric result controversial; their paper is excellent in all other aspects. This manuscript describes how the structure is determined, explains the structure schematically, calculates the electronic structure based on the correct centrosymmetric crystal structure, and gives the structural details that should be used for future analysis and modeling.Comment: Accepted by ACS Inorganic Chemistr

Quantum and frustration effects on fluctuations of the inverse compressibility in two-dimensional Coulomb glasses

We consider interacting electrons in a two-dimensional quantum Coulomb glass and investigate by means of the Hartree-Fock approximation the combined effects of the electron-electron interaction and the transverse magnetic field on fluctuations of the inverse compressibility. Preceding systematic study of the system in the absence of the magnetic field identifies the source of the fluctuations, interplay of disorder and interaction, and effects of hopping. Revealed in sufficiently clean samples with strong interactions is an unusual right-biased distribution of the inverse compressibility, which is neither of the Gaussian nor of the Wigner-Dyson type. While in most cases weak magnetic fields tend to suppress fluctuations, in relatively clean samples with weak interactions fluctuations are found to grow with the magnetic field. This is attributed to the localization properties of the electron states, which may be measured by the participation ratio and the inverse participation number. It is also observed that at the frustration where the Fermi level is degenerate, localization or modulation of electrons is enhanced, raising fluctuations. Strong frustration in general suppresses effects of the interaction on the inverse compressibility and on the configuration of electrons.Comment: 15 pages, 18 figures, To appear in Phys. Rev.

Spin-Orbit Coupling in Iridium-Based 5d Compounds Probed by X-ray Absorption Spectroscopy

We have performed x-ray absorption spectroscopy (XAS) measurements on a series of Ir-based 5d transition metal compounds, including Ir, IrCl3, IrO2, Na2IrO3, Sr2IrO4, and Y2Ir2O7. By comparing the intensity of the "white-line" features observed at the Ir L2 and L3 absorption edges, it is possible to extract valuable information about the strength of the spin-orbit coupling in these systems. We observe remarkably large, non-statistical branching ratios in all Ir compounds studied, with little or no dependence on chemical composition, crystal structure, or electronic state. This result confirms the presence of strong spin-orbit coupling effects in novel iridates such as Sr2IrO4, Na2IrO3, and Y2Ir2O7, and suggests that even simple Ir-based compounds such as IrO2 and IrCl3 may warrant further study. In contrast, XAS measurements on Re-based 5d compounds, such as Re, ReO2, ReO3, and Ba2FeReO6, reveal statistical branching ratios and negligible spin-orbit coupling effects.Comment: 9 pages, 4 figure

In vivo anomalous diffusion and weak ergodicity breaking of lipid granules

Combining extensive single particle tracking microscopy data of endogenous lipid granules in living fission yeast cells with analytical results we show evidence for anomalous diffusion and weak ergodicity breaking. Namely we demonstrate that at short times the granules perform subdiffusion according to the laws of continuous time random walk theory. The associated violation of ergodicity leads to a characteristic turnover between two scaling regimes of the time averaged mean squared displacement. At longer times the granule motion is consistent with fractional Brownian motion.Comment: 4 pages, 4 figures, REVTeX. Supplementary Material. Physical Review Letters, at pres

The local symmetries of M-theory and their formulation in generalised geometry

In the doubled field theory approach to string theory, the T-duality group is promoted to a manifest symmetry at the expense of replacing ordinary Riemannian geometry with generalised geometry on a doubled space. The local symmetries are then given by a generalised Lie derivative and its associated algebra. This paper constructs an analogous structure for M-theory. A crucial by-product of this is the derivation of the physical section condition for M-theory formulated in an extended space.Comment: 20 pages, v2: Author Name corrected, v3: typos correcte

Condensation and Clustering in the Driven Pair Exclusion Process

We investigate particle condensation in a driven pair exclusion process on one- and two- dimensional lattices under the periodic boundary condition. The model describes a biased hopping of particles subject to a pair exclusion constraint that each particle cannot stay at a same site with its pre-assigned partner. The pair exclusion causes a mesoscopic condensation characterized by the scaling of the condensate size $m_{\rm con}\sim N^\beta$ and the number of condensates $N_{\rm con}\sim N^\alpha$ with the total number of sites $N$. Those condensates are distributed randomly without hopping bias. We find that the hopping bias generates a spatial correlation among condensates so that a cluster of condensates appears. Especially, the cluster has an anisotropic shape in the two-dimensional system. The mesoscopic condensation and the clustering are studied by means of numerical simulations.Comment: 4 pages, 5 figure

Nonequilibrium perturbation theory for spin-1/2 fields

A partial resummation of perturbation theory is described for field theories containing spin-1/2 particles in states that may be far from thermal equilibrium. This allows the nonequilibrium state to be characterized in terms of quasiparticles that approximate its true elementary excitations. In particular, the quasiparticles have dispersion relations that differ from those of free particles, finite thermal widths and occupation numbers which, in contrast to those of standard perturbation theory evolve with the changing nonequilibrium environment. A description of this kind is essential for estimating the evolution of the system over extended periods of time. In contrast to the corresponding description of scalar particles, the structure of nonequilibrium fermion propagators exhibits features which have no counterpart in the equilibrium theory.Comment: 16 pages; no figures; submitted to Phys. Rev.

Classification of non-Riemannian doubled-yet-gauged spacetime

Assuming $\mathbf{O}(D,D)$ covariant fields as the `fundamental' variables, Double Field Theory can accommodate novel geometries where a Riemannian metric cannot be defined, even locally. Here we present a complete classification of such non-Riemannian spacetimes in terms of two non-negative integers, $(n,\bar{n})$, $0\leq n+\bar{n}\leq D$. Upon these backgrounds, strings become chiral and anti-chiral over $n$ and $\bar{n}$ directions respectively, while particles and strings are frozen over the $n+\bar{n}$ directions. In particular, we identify $(0,0)$ as Riemannian manifolds, $(1,0)$ as non-relativistic spacetime, $(1,1)$ as Gomis-Ooguri non-relativistic string, $(D{-1},0)$ as ultra-relativistic Carroll geometry, and $(D,0)$ as Siegel's chiral string. Combined with a covariant Kaluza-Klein ansatz which we further spell, $(0,1)$ leads to Newton-Cartan gravity. Alternative to the conventional string compactifications on small manifolds, non-Riemannian spacetime such as $D=10$, $(3,3)$ may open a new scheme of the dimensional reduction from ten to four.Comment: 1+41 pages; v2) Refs added; v3) Published version; v4) Sign error in (2.51) correcte

Chaotic flow and efficient mixing in a micro-channel with a polymer solution

Microscopic flows are almost universally linear, laminar and stationary because Reynolds number, $Re$, is usually very small. That impedes mixing in micro-fluidic devices, which sometimes limits their performance. Here we show that truly chaotic flow can be generated in a smooth micro-channel of a uniform width at arbitrarily low $Re$, if a small amount of flexible polymers is added to the working liquid. The chaotic flow regime is characterized by randomly fluctuating three-dimensional velocity field and significant growth of the flow resistance. Although the size of the polymer molecules extended in the flow may become comparable with the micro-channel width, the flow behavior is fully compatible with that in a table-top channel in the regime of elastic turbulence. The chaotic flow leads to quite efficient mixing, which is almost diffusion independent. For macromolecules, mixing time in this microscopic flow can be three to four orders of magnitude shorter than due to molecular diffusion.Comment: 8 pages,7 figure