It briefly recalls the theory of Bell’s inequality and some experimental
measures. Then measurements are processed on one hand according to a property
of the wave function, on the other hand according to the sum definition. The
results of such processed measures are apparently not the same, so Bell’s
inequality would not be violated. It is a use of the wave function which
implies the violation of the inequality, as it can be seen on the last
Given an asset with value St, we revisit the Black and Scholes dynamics when the driving noise ξt is a non-Gaussian super-diffusive stochastic process with variance of the type . This super-diffusive quadratic variance behavior, synthesizes a ballistic component which would occur in strongly fluctuating environments. When , the assets can, with high probability, be driven towards the bankruptcy . This extra dynamic feature significantly affects the management of an optimal portfolio. In this context, we focus on basic decisions like: 1) determine the optimal level to sell the asset; 2) determine how to balance a portfolio which incorporates such a high volatility asset; and 3) when facing incertitudes on the asset’s growth rate μ, construct an optimal adaptive portfolio control. In all mentioned cases and despite the presence of this highly non-Gaussian noise source, we are able to deliver simple exact and fully explicit optimal control rules.
article an HIV and AIDS group work programme empowering adolescents to deal
with the possible death of their parents/caregivers will be evaluated in a
quantitative fashion. The data were obtained by means of the Child Functioning
Inventory High School (CFI-HIGH) developed by Perspective Training College and
the Generalized Contentment Scale (GCS) of Hudson (Bloom et al., 1999: 220). The
guidelines for selection and inclusion of respondents in the comparison and experimental groups will be discussed,
followed by information on the measuring instruments. The article will conclude
with conclusions and recommendations.