Learning Cancellation Strategies in a Continuous Double Auction Market

This paper deals with two different issues. On one side, it tries to determine if the equilibrium order placement strategies analytically derived in Foucault et al. (2005) are learnable by no-maximizing agents that update their strategies on the only base of their own past experience (via genetic algorithm). Results state outcome (but not strategic) equivalence. On the other side, it relaxes the assumption in the original model by Foucault for which cancellation is not allowed and evaluate market performance. Results are mixed; the introduction of a cancellation option turns out to be benecial dependently on the key determinants of the market dynamic (i.e., the arrival rate and the percentage of patient traders) and an additional setup variable: the initial level of order aggressiveness in the market.market evaluation; market design; equilibrium strategies; order cancellation; genetic algorithms.

Helium and Multiple Populations in the Massive Globular Cluster NGC6266 (M62)

Recent studies suggest that the helium content of multiple stellar populations in globular clusters (GCs) is not uniform. The range of helium varies from cluster to cluster with more massive GCs having, preferentially, large helium spread. GCs with large helium variations also show extended-blue horizontal branch (HB). I exploit Hubble Space Telescope photometry to investigate multiple stellar populations in NGC6266 and infer their relative helium abundance. This cluster is an ideal target to investigate the possible connection between helium, cluster mass, and HB morphology, as it exhibits an extended HB and is among the ten more luminous GCs in the Milky Way. The analysis of color-magnitude diagrams from multi-wavelength photometry reveals that also NGC6266, similarly to other massive GCs, hosts a double main sequence (MS), with the red and the blue component made up of the 79+-1% and the 21+-1% of stars, respectively. The red MS is consistent with a stellar population with primordial helium while the blue MS is highly helium-enhanced by Delta Y=0.08+-0.01. Furthermore, the red MS exhibits an intrinsic broadening that can not be attributed to photometric errors only and is consistent with a spread in helium of ~0.025 dex. The comparison between NGC6266 and other GCs hosting helium-enriched stellar populations supports the presence of a correlation among helium variations, cluster mass, and HB extension.Comment: 13 pages, 10 figures, accepted for publication in MNRA

A Double Main Sequence in the Globular Cluster NGC 6397

High-precision multi-band HST photometry reveals that the main sequence (MS) of the globular cluster NGC 6397 splits into two components, containing ~30% and ~70% of the stars. This double sequence is consistent with the idea that the cluster hosts two stellar populations: (i) a primordial population that has a composition similar to field stars, and containing ~30% of the stars, and (ii) a second generation with enhanced sodium and nitrogen, depleted carbon and oxygen, and a slightly enhanced helium abundance (Delta Y~0.01). We examine the color difference between the two sequences across a variety of color baselines and find that the second sequence is anomalously faint in m_F336W. Theoretical isochrones indicate that this could be due to NH depletion.Comment: 19 pages, 11 figures, accepted for pubblication in Ap

Evidence of the inhomogeneity of the stellar population in the differentially reddened globular cluster NGC 3201

We report on evidence of the inhomogeneity (multiplicity) of the stellar population in the Galactic globular cluster (GC) NGC 3201, which is irregularly reddened across its face. We carried out a more detailed and careful analysis of our recently published new multi-color photometry in a wide field of the cluster with particular emphasis on the U band. Using the photometric data corrected for differential reddening, we found for the first time two key signs of the inhomogeneity in the cluster's stellar population and of its radial variation in the GC. These are (1) an obvious trend in the color-position diagram, based on the (U-B) color-index, of red giant branch (RGB) stars, which shows that the farther from the cluster's center, the bluer on average the (U-B) color of the stars is; and (2) the dependence of the radial distribution of sub-giant branch (SGB) stars in the cluster on their U magnitude, where brighter stars are less centrally concentrated than their fainter counterparts at a confidence level varying between 99.2% and 99.9% depending on the color-index used to select the stars. The same effects were recently found by us in the GC NGC 1261. However, contrary to NGC 1261, we are not able to unambiguously suggest which of the sub-populations of SGB/RGB stars can be the progenitor of blue and red horizontal branch stars of the cluster. Apart from M4, NGC 3201 is another GC very probably with an inhomogeneous stellar population, which has essentially lower mass than the most massive Galactic GCs where multiple stellar populations were unambiguously detected for the first timeComment: 5 pages, 4 figure

Photospheric parameters and C abundances in solar-like stars with and without planets

We have been analyzing a large sample of solar-like stars with and without planets in order to homogeneously measure their photospheric parameters and Carbon abundances. Our sample contains around 200 stars in the solar neighborhood observed with the ELODIE spectrograph, for which the observational data are publicly available. We performed spectral synthesis of prominent bands of C$_{2}$ and C I lines, aiming to accurately obtain the C abundances. We intend to contribute homogeneous results to studies that compare elemental abundances in stars with and without known planets. New arguments will be brought forward to the discussion of possible chemical anomalies that have been suggested in the literature, leading us to a better understanding of the planetary formation process. In this work we focus on the C abundances in both stellar groups of our sample.Comment: 2 pages, 2 figures, to be published in the proceedings of the IAU Symposium No. 265, 200

Allocative efficiency and traders' protection under zero intelligence behavior

This paper studies the continuous double auction from the point of view of market engineering: we tweak a resampling rule often used for this exchange protocol and search for an improved design. We assume zero intelligence trading as a lower bound for more robust behavioral rules and look at allocative efficiency, as well as three subordinate performance criteria: mean spread, cancellation rate, and traders' protection. This latter notion measures the ability of a protocol to help traders capture their share of the competitive equilibrium profits. We consider two families of resampling rules and obtain the following results. Full resampling is not necessary to attain high allocative efficiency, but fine-tuning the resampling rate is important. The best allocative performances are similar across the two families. However, if the market designer adds any of the other three criteria as a subordinate goal, then a resampling rule based on a price band around the best quotes is superior.market engineering, trading protocols, competitive share, exchange market

A very simple and fast way to access and validate algorithms in reproducible research

The reproducibility of research in bioinformatics refers to the notion that new methodologies/ algorithms and scientific claims have to be published together with their data and source code, in a way that other researchers may verify the findings to further build more knowledge upon them. The replication and corroboration of research results are key to the scientific process and many journals are discussing the matter nowadays, taking concrete steps in this direction. In this journal itself, a very recent opinion note has appeared highlighting the increasing importance of this topic in bioinformatics and computational biology, inviting the community to further discuss the matter. In agreement with that article, we would like to propose here another step into that direction with a tool that allows the automatic generation of a web interface, named web-demo, directly from source code in a very simple and straightforward way. We believe this contribution can help make research not only reproducible but also more easily accessible. A web-demo associated to a published paper can accelerate an algorithm validation with real data, wide-spreading its use with just a few clicks.Fil: Stegmayer, Georgina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Santa Fe. Instituto de Investigación en Señales, Sistemas e Inteligencia Computacional. Universidad Nacional del Litoral. Facultad de Ingeniería y Ciencias Hídricas. Instituto de Investigación en Señales, Sistemas e Inteligencia Computacional; ArgentinaFil: Pividori, Milton Damián. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Santa Fe. Instituto de Investigación en Señales, Sistemas e Inteligencia Computacional. Universidad Nacional del Litoral. Facultad de Ingeniería y Ciencias Hídricas. Instituto de Investigación en Señales, Sistemas e Inteligencia Computacional; ArgentinaFil: Milone, Diego Humberto. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Santa Fe. Instituto de Investigación en Señales, Sistemas e Inteligencia Computacional. Universidad Nacional del Litoral. Facultad de Ingeniería y Ciencias Hídricas. Instituto de Investigación en Señales, Sistemas e Inteligencia Computacional; Argentin