Maldacena has put forward large N correspondence between superconformal field theories on the brane and anti-de Sitter supergravity in spacetime. We study some aspects of the correspondence between N = 4 superconformal gauge theory on D3-brane and maximal supergravity on adS5 × S5 by introducing

Departures from self-interest in economic experiments have recently inspired models of “social preferences”. We design a range of simple experimental games that test these theories more directly than existing experiments. Our experiments show that subjects are more concerned with increasing social

The sphere of modern financial economics encompases finance, micro investment theory and much of the economics of uncertainty. As is evident from its influence on other branches of economics including public finance, industrial organization and monetary theory, the boundaries of this sphere

This article presents a simple yet powerful new approach for approximating the value of America11 options by simulation. The kcy to this approach is the use of least squares to estimate the conditional expected payoff to the optionholder from continuation. This makes this approach readily

as people do we must understand qualitative reasoning about processes, when they will occur, their effects, and when they will stop. Qualitative process theory defines a simple notion of physical process that appears useful as a language in which to write dynamical theories. Reasoning about processes also

of real-time systems whose correctness depends on relative magnitudes of different delays. Consequently, timed automata [7] were introduced as a formal notation to model the behavior of real-time systems. Its definition provides a simple way to annotate state-transition graphs with timing constraints

–117]. This construction is substantially more complicated than the corresponding construction for classical Turing machines (TMs); in fact, even simple primitives such as looping, branching, and composition are not straightforward in the context of quantum Turing machines. We establish how these familiar primitives can

p. XII line-5: since p. 1-2: I blew this simple formula: should be α = −〈ξ, η〉/〈η, η〉. p. 2 I.1.1.4: The Riesz-Fischer Theorem is often stated this way today, but neither Riesz nor Fischer (who worked independently) phrased it in terms of completeness of the orthogonal system {e int}. If [a, b

This paper provides an elementary, non-technical, survey of auction theory, by introducing and describing some of the critical papers in the subject. (The most important of these are reproduced in a companion book, The Economic Theory of Auctions, Paul Klemperer (ed.), Edward Elgar (pub

for such polymorphic procedures in the context of a simple pro-gramming language, and a compile time type-checking algorithm w which enforces the discipline. A Semantic Soundness Theorem (based on a formal semantics for the language) states that well-type programs cannot “go wrong ” and a Syntactic Soundness Theorem