Stability borders of feedback control of delayed measured systems

When stabilization of unstable periodic orbits or fixed points by the method given by Ott, Grebogi and Yorke (OGY) has to be based on a measurement delayed by $\tau$ orbit lengths, the performance of unmodified OGY method is expected to decline. For experimental considerations, it is desired to know the range of stability with minimal knowledge of the system. We find that unmodified OGY control fails beyond a maximal Ljapunov number of $\lambda_{max}=1+\frac{1}{\tau}$. In this paper the area of stability is investigated both for OGY control of known fixed points and for difference control of unknown or inaccurately known fixed points. An estimated value of the control gain is given. Finally we outline what extensions have to be considered if one wants to stabilize fixed points with Ljapunov numbers above $\lambda_{max}$.Comment: 5 pages LaTeX using revtex and epsfig (4 figs included). Revised versio

Pricing caps with HJM models: the benefits of humped volatility

In this paper we compare different multifactor HJM models with humped volatility structures, to each other and to models with strictly decreasing volatility. All the models are estimated on Euribor and swap rates panel data. We develop the analysis in two steps: first we study the in-sample properties of the estimated models, then we study the pricing performance on caps. We find the humped volatility specification to greatly improve the model estimation and to provide sufficiently accurate cap prices, although the models has been calibrated on interest rates data and not on cap prices. Moreover we find the two factor humped volatility model to outperform the three factor models in pricing capsFinance, interest rates, humped volatility, Kalman filter, cap and floor pricing

Liftings of Nichols algebras of diagonal type III. Cartan type G2G_2

We complete the classification of Hopf algebras whose infinitesimal braiding is a principal Yetter-Drinfeld realization of a braided vector space of Cartan type $G_2$ over a cosemisimple Hopf algebra. We develop a general formula for a class of liftings in which the quantum Serre relations hold. We give a detailed explanation of the procedure for finding the relations, based on the recent work of Andruskiewitsch, Angiono and Rossi Bertone.Comment: 54 pages; including an appendix. Final version, to appear in J. Algebr