On the existence of visual technical patterns in the UK stock market

The aim in this paper is to replicate and extend the analysis of visual technical patterns by Lo et al. (2000) using data on the UK market. A non-parametric smoother is used to model a nonlinear trend in stock price series. Technical patterns, such as the 'head-and-shoulders' pattern, that are characterised by a sequence of turning points are identified in the smoothed data. Statistical tests are used to determine whether returns conditioned on the technical patterns are different from random returns and, in an extension to the analysis of Lo et al. (2000), whether they can outperform a market benchmark return. For the stocks in the FTSE 100 and FTSE 250 indices over the period 1986 to 2001, we find that technical patterns occur with different frequencies to each other and in different relativities to the frequencies found in the US market. Our extended statistical testing indicates that UK stock returns are less influenced by technical patterns than was the case for US stock returns.

Some Para-Hermitian Related Complex Structures and Non-existence of Semi-Riemannian Metric on Some Spheres

It is shown that the spheres S^(2n) (resp: S^k with k ≡ 1 mod 4) can be given neither an indefinite metric of any signature (resp: of signature (r, k − r) with 2 ≤ r ≤ k − 2) nor an almost paracomplex structure. Further for every given Riemannian metric on an almost para-Hermitian manifold with the associated 2-form φ one can construct an almost Hermitian structure (under certain conditions, two different almost Hermitian structures) whose associated 2-form(s) is φ.

Application of Lyapunov's Direct Method to the Existence of Integral Manifolds of Impulsive Differential Equations

The present paper investigates the existence of integral manifolds for impulsive differential equations with variable perturbations. By means of piecewise continuous functions which are generalizations of the classical Lyapunov’s functions, sufficient conditions for the existence of integral manifolds of such equations are found.

A Necessary and Sufficient Condition for the Existence of an (n,r)-arc in PG(2,q) and Its Applications

ACM Computing Classification System (1998): E.4.

Asymptotic Expansion of Solution for Almost Regular and Weakly Perturbed Systems of Ordinary Differential Equations

Л. И. Каранджулов, Н. Д. Сиракова - В работата се прилага методът на Поанкаре за решаване на почти регулярни нелинейни гранични задачи при общи гранични условия. Предполага се, че диференциалната система съдържа сингулярна функция по отношение на малкия параметър. При определени условия се доказва асимптотичност на решението на поставената задача.

Existence of Solutions for a Class of Quasi-Linear Singular Integro-Differential Equations

2000 Mathematics Subject Classification: 45F15, 45G10, 46B38.

Existence of Pure Strategy Nash Equilibrium in Bertrand-Edgeworth Oligopolies

This article is searching for necessary and sufficient conditions which are to be imposed on the demand curve to guarantee the existence of pure strategy Nash equilibrium in a Bertrand-Edgeworth game with capacity constraints.

The non-existence of a universal topological type space

The concept of types was introduced by Harsányi[8]. In the literature there are two approaches for formalizing types, type spaces: the purely measurable and the topological models. In the former framework Heifetz and Samet [11] showed that the universal type space exists and later Meier[13] proved that it is complete. In this paper we examine the topological approach and conclude that there is no universal topological type space in the category of topological type spaces.

The existence of an inverse limit of inverse system of measure spaces - a purely measurable case

The existence of an inverse limit of an inverse system of (probability) measure spaces has been investigated since the very beginning of the birth of the modern probability theory. Results from Kolmogorov [10], Bochner [2], Choksi [5], Metivier [14], Bourbaki [3] among others have paved the way of the deep understanding of the problem under consideration. All the above results, however, call for some topological concepts, or at least ones which are closely related topological ones. In this paper we investigate purely measurable inverse systems of (probability) measure spaces, and give a sucient condition for the existence of a unique inverse limit. An example for the considered purely measurable inverse systems of (probability) measure spaces is also given.

Characterization of N-acylhomoserine lactone-degrading bacteria associated with the Zingiber officinale (ginger) rhizosphere: Co-existence of quorum quenching and quorum sensing in Acinetobacter and Burkholderia

Background Cell-to-cell communication (quorum sensing (QS)) co-ordinates bacterial behaviour at a population level. Consequently the behaviour of a natural multi-species community is likely to depend at least in part on co-existing QS and quorum quenching (QQ) activities. Here we sought to discover novelN-acylhomoserine lactone (AHL)-dependent QS and QQ strains by investigating a bacterial community associated with the rhizosphere of ginger (Zingiber officinale) growing in the Malaysian rainforest. Results By using a basal growth medium containing N-(3-oxohexanoyl)homoserine lactone (3-oxo-C6-HSL) as the sole source of carbon and nitrogen, the ginger rhizosphere associated bacteria were enriched for strains with AHL-degrading capabilities. Three isolates belonging to the generaAcinetobacter (GG2), Burkholderia (GG4) and Klebsiella (Se14) were identified and selected for further study. Strains GG2 and Se14 exhibited the broadest spectrum of AHL-degrading activities via lactonolysis while GG4 reduced 3-oxo-AHLs to the corresponding 3-hydroxy compounds. In GG2 and GG4, QQ was found to co-exist with AHL-dependent QS and GG2 was shown to inactivate both self-generated and exogenously supplied AHLs. GG2, GG4 and Se14 were each able to attenuate virulence factor production in both human and plant pathogens. Conclusions Collectively our data show that ginger rhizosphere bacteria which make and degrade a wide range of AHLs are likely to play a collective role in determining the QS-dependent phenotype of a polymicrobial community.

Scientific Discovery in a Space of Structural Models: An Example from the History of Solution Chemistry

Postprint

Redefining Attitude Importance: The Possible Existence of Associative and Subjective Types of Importance Under a Global Definition

Traditionally, importance has been measured using subjective measures. The present thesis explores the possibility of a second type of importance, designated as “associative importance”. A new measure, the IIAT, was designed to capture the strength of association between an object and the attribute of importance. This thesis then evaluated the validity of the IIAT via an intervention paradigm in 2 studies, and by using the measure to predict a memory outcome in 2 other studies. Subjective measures of importance were also included in these studies and correlations between subjective measures and IIAT results were examined. Across all 4 studies, subjective-objective correlations were weak to modest and non-significant. The intervention studies provided promising evidence that interventions do affect associative importance as measured by the IIAT. The prediction studies provided somewhat mixed, but encouraging evidence that the IIAT may be able to predict memory performance. Notably, subjective measures were not able to predict memory performance at all, whereas the IIAT was able to predict some memory indices. Overall, there is some evidence supporting the existence of an associative importance construct, and that the IIAT provides valid results that are nonetheless different from that of subjective measures of attitude importance.

Existence of disjoint weakly mixing operators that fail to satisfy the Disjoint Hypercyclicity Criterion

Recently, Bès, Martin, and Sanders [11] provided examples of disjoint hypercyclic operators which fail to satisfy the Disjoint Hypercyclicity Criterion. However, their operators also fail to be disjoint weakly mixing. We show that every separable, infinite dimensional Banach space admits operators T1,T2,…,TN with N⩾2 which are disjoint weakly mixing, and still fail to satisfy the Disjoint Hypercyclicity Criterion, answering a question posed in [11]. Moreover, we provide examples of disjoint hypercyclic operators T1, T2 whose corresponding set of disjoint hypercyclic vectors is nowhere dense, answering another question posed in [11]. In fact, we explicitly describe their set of disjoint hypercyclic vectors. Those same disjoint hypercyclic operators fail to be disjoint topologically transitive. Lastly, we create examples of two families of d-hypercyclic operators which fail to have any d-hypercyclic vectors in common.

EXISTENCE OF UNUSED MANAGED CAPACITY ON DEDICATED LANES AND AN ALTERNATIVE ON HOW TO SELL IT VIA AUCTIONS

This dissertation verifies whether the following two hypotheses are true: (1) High-occupancy/toll lanes (and therefore other dedicated lanes) have capacity that could still be used; (2) such unused capacity (or more precisely, “unused managed capacity”) can be sold successfully through a real-time auction. To show that the second statement is true, this dissertation proposes an auction-based metering (ABM) system, that is, a mechanism that regulates traffic that enters the dedicated lanes. Participation in the auction is voluntary and can be skipped by paying the toll or by not registering to the new system. This dissertation comprises the following four components: a measurement of unused managed capacity on an existing HOT facility, a game-theoretic model of an ABM system, an operational description of the ABM system, and a simulation-based evaluation of the system. Some other and more specific contributions of this dissertation include the following: (1) It provides a definition and a methodology for measuring unused managed capacity and another important variable referred as “potential volume increase”. (2) It proves that the game-theoretic model has a unique Bayesian Nash equilibrium. (3) And it provides a specific road design that can be applied or extended to other facilities. The results provide evidence that the hypotheses are true and suggest that the ABM system would benefit a public operator interested in reducing traffic congestion significantly, would benefit drivers when making low-reliability trips (such as work-to-home trips), and would potentially benefit a private operator interested in raising revenue.