This paper shows that Jensen’s alpha may be
a biased performance measure even for public-information-based portfolios,
unless the benchmark portfolio return has no serial correlation, and the bias
can be substantial even when the underlying asset pricing model holds.

Abstract:
We consider the regularity of two dimensional incompressible magneto-hydrodynamics equations with zero viscosity. We provide an approximating system to the equations and prove global-in-time existence of classical solution to this approximating system. By using approximating system, a priori estimates for the equations can be justified.

Abstract:
Motivated by $-2 \sigma$ deviation from the Standard Model prediction for the forward--backward asymmetry of $Z \to b \bar{b}$ decay in the LEP data, we explore the anomalous couplings of $Z b \bar{b}$ vertex through the electroweak precision test extended by including $A_{FB}^b$. We introduce a new variable $\epsilon'_b$ to measure the anomalous right-handed coupling in $Z b \bar{b}$ vertex. Implications of our analysis on the nonuniversal contact interactions are studied and the left-right model is also considered as a possible origin of the anomalous right-handed couplings.

Abstract:
We present a simple model for the dimuon production from the decay of vector mesons which are hadronized from a baryon-free quark-gluon plasma. Continuous decay of vector mesons in the medium is known to enhance the dimuon production and in our model we can estimate the total yield of dimuons decayed from vector mesons through the rate equations for the number of vector mesons of interest. Muon pair production critically depends on the time duration of both the mixed and hadronic phases. Results are discussed in view of possible measurements in experiments.

Abstract:
We explore the nonuniversal interaction effects in terms of the precision variables epsilons with the recent LEP data reported by the Electroweak Working Group. The epsilon variables with the nonuniversal interactions are calculated and constrained by the experimental ellipses in the $\epsilon_1$--$\epsilon_b$, $\epsilon_2$--$\epsilon_b$, and $\epsilon_3$--$\epsilon_b$ planes. We find that the new data enables us to make a stringent test on the correction to $Z \to b \bar{b}$ vertex. The $\epsilon_b$ variable is sensitive to the $Z b \bar b$ couplings and thus plays a major role to give constraints on the nonuniversal interaction effects. Upon imposing the new data on $\epsilon_b$, we have the allowed range of the model parameter $\kappa_L = 0.0063 \pm 0.0030$ at 1-$\sigma$ level with $m_t = 175$ GeV. Along with the minimal contact term, we predict the new physics scale $\Lambda \sim$ 1.6 TeV. By combining the experimental results from all planes we obtain the allowed range of $\kappa_L$ : $0.003 < \kappa_L < 0.010$ at 95 % C.L..

Abstract:
Using a statistical model of multiparticle production by Chou, Yang and Yen, which looks similar to the thermal model and is known to account for the single particle distributions in e$^+$ e$^-$ collisions, we fit the rapidity and transverse mass spectra of pions and kaons measured in Pb+Pb collisions by NA49 collaboration. This model nicely fits both the rapidity and the transverse mass spectra of each particle species with a few parameters. However, fitting all the particles with a single value of $T_p$ is not possible. This analysis shows that the success of the thermal models does not necessarily mean the thermalization of the system in collision.

Abstract:
We have investigated the classical stability of charged black $D3$-branes in type IIB supergravity under small perturbations. For s-wave perturbations it turns out that black $D3$-branes are unstable when they have small charge density. As the charge density increases for given mass density, however, the instability decreases down to zero at a certain finite value of the charge density, and then black $D3$-branes become stable all the way down to the extremal point. It has also been shown that such critical value at which its stability behavior changes agrees very well with the predicted one by the thermodynamic stability behavior of the corresponding black hole system through the Gubser-Mitra conjecture. Unstable mode solutions we found involve non-vanishing fluctuations of the self-dual five-form field strength. Some implications of our results are also discussed.

Abstract:
We consider the problem of neutral inclusions for two-dimensional conductivity and anti-plane elasticity. The neutral inclusion, when inserted in a matrix having a uniform field, does not disturb the field outside the inclusion. The inclusion consists of a core and a shell. We show that if the inclusion is neutral to two linearly independent fields, then the core and the shell are confocal ellipses.

Abstract:
We report the in vitro cell test and in vivo animal test results of titanium oxide nanotubes (TiO2 NTs) as a potential therapeutic agent used for cancer thermotherapy in combination with near-infrared (NIR) laser. The in vitro cell test results show that both the cells exposed to NIR laser without TiO2 NTs treatment and the cells treated with TiO2 NTs but not with NIR irradiation had cell viabilities higher than 96%. Combination of these two techniques, however, shows cell viability less than 1%. The cell death rate strongly depended on the concentration of TiO2 NTs. Also, the cell deaths were mostly due to necrosis but partly due to late apoptosis. The in vivo animal test results show that tumor cells can be completely destroyed without nearly giving damage to surrounding healthy cells by an injection of an adequate amount of TiO2 NTs/NaCl suspension and a subsequent single continuous laser treatment at a moderately low laser illumina-tion intensity for the exposure time optimized for the tumor size. These results suggest that TiO2 NTs can be effectively utilized as a therapeutic agent for cancer thermotherapy due to their excellent photothermal property and high bio-compatibility.

Abstract:
A multilateral effort into managing nonpoint source pollution from agriculture has gotten much attention for many years. Particularly during the heavy rain season, run-off of turbid water from sloped farmlands, fallow ground and/or unmanaged uplands is deteriorated. Flocculant polymer, commonly used in wastewater treatment facilities, but now exploited to improve control of sediment turbidity by promoting flocculation of particles in construction site. This study used the flocculant polymer to control the discharge of agricultural nonpoint source pollution and focused on the understanding of how soil-water and polymer properties affect flocculation performance. Therefore, a series of flocculation experiments under different conditions was evaluated for better polymer clarification efficiency. Various factors such as flocculant dose, end-over-end inversion of a cylinder, and soil-water properties (pH, NaCl, organic matter) were studied. The effective flocculant dose that fulfilled fast settling rate was 10mg·L^{-1}. Additional findings included that 1) increasing pH decreased the settling rate of soil particle; 2) a positive relationship between the percentage of turbidity reduction and a level of salinity in Kaolin suspension was observed, and 3) organic matter in soil solution inhibited PAM adsorption onto soil particles, which caused the reduction of flocculation performance. The findings of this study revealed that flocculant polymer possess good results as a turbidity reducetion measure and couldfurther provide valuable information to make better decision on establishment of Best Management Practice for handling agricultural nonpoint source pollution.