We have built a vertical seismometer that works based on the moiré technique. One grating is attached to the suspended mass and one to the frame of the instrument. The two gratings are in relative motion, and the resulting moiré pattern magnifies this motion. The intensity of a light beam passing through the moving moiré fringes changes with time, and a light detecting syst...

The capacity for infants to form mental representations of hidden or occluded objects can be decomposed into two tasks: one process that identifies salient objects and a second complementary process that identifies salient locations. This functional decomposition is supported by the distinction between dorsal and ventral extrastriate visual processing in the primate visual system. This approach...

This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by Engle (2002), and suggests the use of devolatized returns computed as returns standardized by realized volatilities rather than by GARCH type volatility estimates. The t-DCC estimation procedure is applied to a portfolio of daily returns on currency futures, government bonds and...

We consider the Brownian market model and the problem of expected utility maximization of terminal wealth. We, specifically, examine the problem of maximizing the utility of terminal wealth under the presence of transaction costs of a fund/agent investing in futures markets. We offer some preliminary remarks about statistical arbitrage strategies and we set the framework for futures markets, an...

An agent invests in two types of futures contracts, whose prices are possibly correlated arithmetic Brownian motions, and invests in a money market account with a constant interest rate. The agent pays a transaction cost for trading in futures proportional to the size of the trade. She also receives utility from consumption. The agent maximizes expected infinite-horizon discounted utility from ...

Motivated by needs in strategic traffic flow management, we study the problem of forecasting airport capacity profiles over a full-day time horizon. Specifically, we present a case study of Atlanta’s Hartsfield-Jackson International Airport (KATL), which explores use of 1) convective weather presence/absence near the terminal, 2) cloud ceiling height, and 3) wind speed as predictors of the tota...