We study a Monte Carlo algorithm for simulation of probability distributions based on stochastic step functions, and compare to the traditional Metropolis/Hastings method. Unlike the latter, the step function algorithm can produce an uncorrelated Markov chain. We apply this method to the simulation of Levy processes, for which simulation of uncorrelated jumps are essential. We perform numerical...

Lévy processes, which have stationary independent increments, are ideal for modelling the various types of noise that can arise in communication channels. If a Lévy process admits exponential moments, then there exists a parametric family of measure changes called Esscher transformations. If the parameter is replaced with an independent random variable, the true value of which represents a ‘mes...

In this paper, buckling behavior of moderately thick functionally graded rectangular plates resting on elastic foundation subjected to linearly varying in-plane loading is investigated. The neutral surface position for a functionally graded plate which its material properties vary in the thickness direction is determined. Based on the first-order shear deformation plate theory and the neutral s...

In this paper, we assume that log returns can be modelled by a Levy process. We give explicit formulae for option prices by means of the Fourier transform. We explain how to infer the characteristics of the Levy process from option prices. This enables us to generate an implicit volatility surface implied by market data. This model is of particular interest since it extends the seminal Black Sc...

Mitochondrial dysfunction is involved in many neurodegenerative disorders in humans. Here we report mutations in a gene (designated levy) that codes for subunit VIa of cytochrome c oxidase (COX). The mutations were identified by the phenotype of temperature-induced paralysis and showed the additional phenotypes of decreased COX activity, age-dependent bang-induced paralysis, progressive neurode...

In this book, David Benatar argues that every person is severely harmed by being brought into existence, and that in bringing any person into existence one impermissibly harms that person. His conclusion is not merely that by bringing a person into existence, one harms him. That claim is compatible with the claim that by bringing a person into existence, one also greatly benefits him, and even ...

In an earlier paper in these pages, we explored the puzzling link between dispositions and conditionals. First, we rehearsed the standard counterexamples to the simple conditional analysis and the refined conditional analysis defended by David Lewis. Second, we attacked a tempting response to these counterexamples: what we called the ―getting specific strategy‖. Third, we presented a series of ...

This thesis is divided into two chapters. In the first chapter, I analyze Michael Walzer’s account of the moral legitimacy of states. In the second chapter, I analyze his account of the morality of killing in war. I begin the first chapter by contrasting Walzer’s account of state legitimacy and humanitarian intervention with that of David Luban. Next, I develop a Rawlsian account of state legit...