The paper proposes the use of the growth optimal portfolio for pricing and hedging in incomplete markets when there are unobserved factors that have to be filtered. The proposed filtering framework is applicable also in cases when there does not exist an equivalent risk neutral martingale measure. The reduction of the variance of derivative prices for increasing degrees of available information...

This paper compiles basic components of the construction of random groups and of the proof of their properties announced in [G10]. Justification of each step, as well as the interrelation between them, is straightforward by available techniques specific to each step. On the other hand, there are several ingredients that cannot be truly appreciated without extending the present framework. We sha...

Did the unification of commercial and investment banking heighten risk in financial markets due to moral hazard of borrowers? In a simple intertemporal model with moral hazard and uninsured risk, we argue that if financial contracts are properly written, the integration in financial markets could give rise to greater risk sharing arrangement and could eliminate the equity risk premium attribute...

Quenched and Annealed Ising Spin Glass by Pierluigi Contucci SISSA/ISAS Via Beirut 4, 34014 Trieste , Italy and Universit a di Roma \La Sapienza", Dipartimento di Fisica G10 Teorico P.le Aldo Moro, 00185 Rome, Italy Abstract Using the cluster expansion technique, we estimate, uniformly in the volume, the difference between the quenched and annealed free energy in the high temperature phase of a...

Determination of the G and P serotypes of group A bovine rotaviruses from 149 samples of feces or intestinal contents collected from calves showing clinical signs of neonatal diarrhea was performed by a nested reverse transcription-PCR typing assay. The G6 serotype was the most prevalent, accounting for viruses in 55.7% of the samples; viruses of the G10 and G8 serotypes were found in 34.9 and ...

Prolonged culture in low-glucose concentrations (</=5mM) induces apoptosis in pancreatic beta-cells by a poorly defined mechanism. We now show that, in both purified rat beta-cells and isolated rat islets, culture in the presence of 3 or 5mM (G3-G5) instead of 10mM glucose (G10) induces a large increase in c-myc expression before onset of a caspase-dependent apoptosis. These effects were preven...

To gain more insight into interspecies transmission of rotavirus group A, human and animal fecal samples were collected between 1997 and 2001 in The Netherlands. A total of 110 human stool samples were successfully P and G genotyped by reverse transcriptase PCR. All strains belonged to the main human rotavirus genotypes G1 to G4, G9, [P4], [P6], [P8], and [P9]. [P8]G1 was predominant, and 5.5% ...

The DOE-JGI Microbial Annotation Pipeline (DOE-JGI MAP) supports gene prediction and/or functional annotation of microbial genomes towards comparative analysis with the Integrated Microbial Genome (IMG) system. DOE-JGI MAP annotation is applied on nucleotide sequence datasets included in the IMG-ER (Expert Review) version of IMG via the IMG ER submission site. Users can submit the sequence data...

The performance of thick GEMs (THGEMs) was compared to that of thin GEMs in two-phase Ar avalanche detectors, in view of their potential application in coherent neutrino-nucleus scattering, dark-matter search and in other rare-event experiments. The detectors comprised a 1 cm thick liquid-Ar layer followed by either a double-THGEM or a triple-GEM multiplier, operated in the saturated vapor abov...