Ecologies of Value in a Wall Street Trading Room

Our task in this paper is to analyze the organization of trading in the era of quantitative finance. To do so, we conduct an ethnography of arbitrage, the trading strategy that best exemplifies finance in the wake of the quantitative revolution. In contrast to value and momentum investing, we argue, arbitrage involves an art of association-the construction of equivalence (comparability) of properties across different assets. In place of essential or relational characteristics, the peculiar valuation that takes place in arbitrage is based on an operation that makes something the measure of something else-associating securities to each other. The process of recognizing opportunities and the practices of making novel associations are shaped by the specific socio-spatial and socio-technical configurations of the trading room. Calculation is distributed across persons and instruments as the trading room organizes interaction among diverse principles of valuation.

How to recognize opportunities: Heterarchical search in a Wall Street trading room

Our task in this paper is to analyze the organization of trading in the era of quantitativefinance. To do so, we conduct an ethnography of arbitrage, the trading strategy that bestexemplifies finance in the wake of the quantitative revolution. In contrast to value andmomentum investing, we argue, arbitrage involves an art of association - the constructionof equivalence (comparability) of properties across different assets. In place of essentialor relationa l characteristics, the peculiar valuation that takes place in arbitrage is based on an operation that makes something the measure of something else - associating securities to each other. The process of recognizing opportunities and the practices of making novel associations are shaped by the specific socio-spatial and socio-technical configurations of the trading room. Calculation is distributed across persons and instruments as the trading room organizes interaction among diverse principles of valuation.

Empirical studies of cloud effects on UV radiation: A review

The interest in solar ultraviolet (UV) radiation from the scientific community and the general population has risen significantly in recent years because of the link between increased UV levels at the Earth's surface and depletion of ozone in the stratosphere. As a consequence of recent research, UV radiation climatologies have been developed, and effects of some atmospheric constituents (such as ozone or aerosols) have been studied broadly. Correspondingly, there are well-established relationships between, for example, total ozone column and UV radiation levels at the Earth's surface. Effects of clouds, however, are not so well described, given the intrinsic difficulties in properly describing cloud characteristics. Nevertheless, the effect of clouds cannot be neglected, and the variability that clouds induce on UV radiation is particularly significant when short timescales are involved. In this review we show, summarize, and compare several works that deal with the effect of clouds on UV radiation. Specifically, works reviewed here approach the issue from the empirical point of view: Some relationship between measured UV radiation in cloudy conditions and cloud-related information is given in each work. Basically, there are two groups of methods: techniques that are based on observations of cloudiness (either from human observers or by using devices such as sky cameras) and techniques that use measurements of broadband solar radiation as a surrogate for cloud observations. Some techniques combine both types of information. Comparison of results from different works is addressed through using the cloud modification factor (CMF) defined as the ratio between measured UV radiation in a cloudy sky and calculated radiation for a cloudless sky. Typical CMF values for overcast skies range from 0.3 to 0.7, depending both on cloud type and characteristics. Despite this large dispersion of values corresponding to the same cloud cover, it is clear that the cloud effect on UV radiation is 15–45% lower than the cloud effect on total solar radiation. The cloud effect is usually a reducing effect, but a significant number of works report an enhancement effect (that is increased UV radiation levels at the surface) due to the presence of clouds. The review concludes with some recommendations for future studies aimed to further analyze the cloud effects on UV radiation

Webs sempre accessibles: les biblioteques nacionals i els dipòsits digitals nacionals

Information and communication technologies enabled cultural and scientific patrimony -and information in general- to be presented in digital format, as well as in traditional analogical formats. The response was immediate and since the decade of the 1990s different projects have been designed to guarantee permanent access to the digital production -retrieval, storage, handling, preservation and dissemination. This article presents an international overview of existing models of national digital repositories, a name given to these projects that are normally generated by national libraries with a common objective: ensuring that web pages are always accessible.

Webs siempre accesibles: las bibliotecas nacionales y los depósitos digitales nacionales

Information and communication technologies enabled cultural and scientific patrimony -and information in general- to be presented in digital format, as well as in traditional analogical formats. The response was immediate and since the decade of the 1990s different projects have been designed to guarantee permanent access to the digital production -retrieval, storage, handling, preservation and dissemination. This article presents an international overview of existing models of national digital repositories, a name given to these projects that are normally generated by national libraries with a common objective: ensuring that web pages are always accessible.

Mapping cell-matrix stresses during stretch reveals inelastic reorganization of the cytoskeleton.

The mechanical properties of the living cell are intimately related to cell signaling biology through cytoskeletal tension. The tension borne by the cytoskeleton (CSK) is in part generated internally by the actomyosin machinery and externally by stretch. Here we studied how cytoskeletal tension is modified during stretch and the tensional changes undergone by the sites of cell-matrix interaction. To this end we developed a novel technique to map cell-matrix stresses during application of stretch. We found that cell-matrix stresses increased with imposition of stretch but dropped below baseline levels on stretch release. Inhibition of the actomyosin machinery resulted in a larger relative increase in CSK tension with stretch and in a smaller drop in tension after stretch release. Cell-matrix stress maps showed that the loci of cell adhesion initially bearing greater stress also exhibited larger drops in traction forces after stretch removal. Our results suggest that stretch partially disrupts the actin-myosin apparatus and the cytoskeletal structures that support the largest CSK tension. These findings indicate that cells use the mechanical energy injected by stretch to rapidly reorganize their structure and redistribute tension.

Inaugural adress: The concept of biostratigraphy: the view point of a stratigrapher

Colleagues, Ladies and Gentlemen. My presence here is due to accidental circumstances and I must confess that I feel a little embarassed by the fact Both your scientific quality and the worlwide acceptance of the results achieved by you in your research fields make me prudent and, to a certain extent, cautious.

El origen de la construcción fenomenalista: Mach, Moore y Whitehead

It's usually believed that the idea of applying logical methods to constructivist phenomenalism was, --in general- a result of Russell's originality. In this paper is argued that some important ideas were in fact due to Mach, Moore and Whitehead. According to the author, Russell got from Mach the general idea of epistemology as an analysis of scientific concepts and, specially,the idea of sensations as the building blocks for his logical construction. Moore made Russell believe that only sensations are known in a direct way, and so, the existence of external objects as the cause of our perceptions is only inferred. Moreover, according to the author, Russell's views on sense data -his sensibilia- are also due to Moore. Finally, Russell got from Whitehead the idea of the phenomenical reconstruction as an alternative to the causal theory of perception, and also how the logical construction should be done. The author undertakes also a detailed analysis of some early works of Whitehead not very well known.

Recommendations on percutaneous coronary intervention for the reperfusion of acute ST elevation myocardial infarction

Little information is currently available from the various societies of cardiology on primary percutaneous coronary intervention (PCI) for acute myocardial infarction (AMI). Since primary PCI is the main method of reperfusion in AMI in many centres, and since of all cardiac emergencies AMI represents the most urgent situation for PCI, recommendations based on scientific evidence and expert experience would be useful for centres practising primary PCI, or those looking to establish a primary PCI programme. To this aim, a task force for primary PCI in AMI was formed to develop a set of recommendations to complement and assist clinical judgment. This paper represents the product of their recommendations.

Dynamics of a paramagnetic colloidal particle driven on a magnetic-bubble lattice

We present a theoretical study of the recently observed dynamical regimes of paramagnetic colloidal particles externally driven above a regular lattice of magnetic bubbles [P. Tierno, T. H. Johansen, and T. M. Fischer, Phys. Rev. Lett. 99, 038303 (2007)]. An external precessing magnetic field alters the potential generated by the surface of the film in such a way to either drive the particle circularly around one bubble, ballistically through the array, or in triangular orbits on the interstitial regions between the bubbles. In the ballistic regime, we observe different trajectories performed by the particles phase locked with the external driving. Superdiffusive motion, which was experimentally found bridging the localized and delocalized dynamics, emerge only by introducing a certain degree of randomness into the bubbles size distribution.

El acceso abierto al conocimiento científico

[cat] En aquest document es descriuen i s'analitzen els conceptes fonamentals relacionats amb l'accés obert al coneixement científic. En primer lloc, es presenta una breu història dels drets d'autor i del copyright (tots esl drets reservats) fins avui. Avui la digitalització ha donat pas a un nou model de llicències copyleft (alguns drets reservats). S'ofereixen respostes a les preguntes més freqüents sobre l'aplicació dels drets d'autor en e l'àmbit acadèmic i la investigació. Es presenten dos models de llicències copyleft: Creative Commons i les llicències d'Universitat (Harvard). A través de diferents declaracions (Budapest, Bethesda i Berlín) es defineixen els principis i acords internacionals en matèria d'accés obert a la comunitat científica i acadèmica en la darrera dècada. Finalment, es defineix el concepte d'"Educació OOberta" i es descriu el paper dels Repositoris Institucionals en l'enmagatzament i difusió del coneixement científic i acadèmic.

Repensar i repracticar l'educació des de la idea de xarxa

Aquest treball és una recerca entorn la necessitat de repensar i repracticar l‟educació des de l‟idea de xarxa. Està estructurat en tres grans blocs: un primer, on es justifica des de l‟àmbit personal, educatiu i científic el per què de la tria de la nostra recerca i on es planteja la pregunta inicial des de la qual es desenvoluparà tot el treball: En quina situació es troba el treball educatiu en xarxa en les escoles Pereanton, Camí del mig, Guillem de Mont-rodon i Artur Martorell?. Un segon, centrat en la fonamentació conceptual del que els referents teòrics han dit sobre el tema. I un tercer, de caire més pràctic, on per una banda s‟exposa el paradigma, la orientació metodològica i les eines de recollida de dades utilitzades en l‟estudi de camp . I per altra, s‟analitzen les informacions obtingudes amb l‟objectiu de determinar quin és el grau d‟aplicació de treball en xarxa a cada un dels centres estudiats. Finalment la recerca es tanca amb les conclusions pràctiques fruit del contrast entre el marc teòric i el resultat pràctic obtingut de l‟anàlisi de la visita als centres.

Com ha de ser una activitat científica efectiva basada en l'experimentació i l'estudi de l'entorn proper? Estudi de casos i proposta de criteris a tenir en compte en el disseny d’activitats científiques escolars en l’entorn

Actualment moltes fonts d'informació ens descriuen i argumenten com han de ser les activitats científiques a l'escola per garantir l'aprenentatge significatiu de l'alumnat, i d'altres estudis ens mostren com han de ser les activitats escolars en l'entorn; però no hi ha estudis que ens descriguin i argumentin com han de ser les activitats científiques escolars basades en l'experimentació i l'estudi de l'entorn proper. Així doncs, aquesta investigació s'endinsa per solucionar un problema actual que és: com ha de ser una bona activitat científica escolar basada en l'experimentació i l'estudi de l'entorn proper? En resposta a això, aquest treball es basa en una investigació avaluativa que analitza diversos projectes de ciències basats en l'entorn a partir de l'observació d'uns criteris específics elaborats, per una banda a partir de les idees d'experts sobre com ha de ser una bona activitat científica i com ha de ser una activitat escolar d'entorn efectiva; i per altra banda a partir de les idees extretes de les entrevistes fetes a mestres promotores de projectes científics escolars innovadors centrats i duts a terme en l'entorn proper.

Análisis, zonificación y manejo de la estación de monitorización Madre Selva

Este artículo es la síntesis del trabajo realizado en Costa Rica en la finca “Madre Selva” donde se encuentra una estación de monitoreo de aves. Los objetivos finales del proyecto son el análisis socioambiental, la zonificación de toda el área de la finca y el desarrollo de las vías y programas de manejo para que todas las actividades realizadas sean respetuosas con el medio ambiente. Madre Selva ocupa una superficie de 160ha y está situada en la “Reserva Forestal Los Santos” a una altura de 2600m. En esta superficie se han registrado un total de 200 especies diferentes de avifauna. Las dos actividades que se llevan a cabo son la monitorización como actividad científica y la ganadería como actividad económica. La razón por la cual se ha efectuado este estudio es la conservación del ecosistema para que las aves habiten en sus condiciones naturales y la actividad científica se realice de manera efectiva. La zonificación de Madre Selva refleja los diferentes usos del suelo y funciones del territorio. Concretamente, la finca ha quedado dividida en 7 zonas descritas con sus valores y sus correspondientes vías de manejo. Finalmente, se describen los programas de manejo que se llevan a cabo actualmente y se proponen nuevos programas así como propuestas de mejora. Se destaca la oportunidad de desarrollar nuevas actividades como la educación ambiental y el ecoturismo.

Optoelectronic properties of CuPc thin films deposited at different substrate temperatures

Structural and optical characterization of copper phthalocyanine thin film thermally deposited at different substrate temperatures was the aim of this work. The morphology of the films shows strong dependence on temperature, as can be observed by atomic force microscopy and x-ray diffraction spectroscopy, specifically in the grain size and features of the grains. The increase in the crystal phase with substrate temperature is shown by x-ray diffractometry. Optical absorption coefficient measured by photothermal deflection spectroscopy and optical transmittance reveal a weak dependence on the substrate temperature. Besides, the electro-optical response measured by the external quantum efficiency of Schottky ITO/CuPc/Al diodes shows an optimized response for samples deposited at a substrate temperature of 60 °C, in correspondence to the I-V diode characteristics.