We estimate the equity premium using CDS spreads and structural models of default. Our estimates yield equity premia of 6.50% (U.S.), 5.44% (Europe) and 6.21% (Asia) based on 5year CDS spreads from 2003-2007. Due to some conservative assumptions these estimates are upper limits for the equity premium. Using 3-, 7and 10-year CDS maturities yields similar results and o ers an opportunity to estim...

Defining Nanotechnology A nanometer is small. Very small. To be precise, a typical sheet of paper is 100,000 nanometers thick. Nearly 50 years ago, Richard Feynman gave a famous speech [1] in which the idea of nanotechnology was first envisioned. In it, he famously asked, “What would happen if we could arrange the atoms one by one the way we want them?” It took thirty years for microscopes to b...

FORT WASHINGTON, PA — On March 12, 2015, as part of its 20th Annual Conference: Advancing the Standard of Cancer Care TM, the National Comprehensive Cancer Network® (NCCN®) featured the commemorative event, 20 Years of Improving Cancer Care Together – An NCCN Roundtable Discussion. In recognition of NCCN’s 20th Anniversary, this special roundtable, moderated by Clifford Goodman, PhD, The Lewin ...

In this paper we investigate a new notion of bases in Hilbert spaces and similar to fusion frame theory we introduce fusion bases theory in Hilbert spaces. We also introduce a new denition of fusion dual sequence associated with a fusion basis and show that the operators of a fusion dual sequence are continuous projections. Next we dene the fusion biorthogonal sequence, Bessel fusion basis, Hil...

the issues that arise in this articles are the causes and the bases of social - and sexual - devience according to a sociological point of view. then a search through a number of 350 files of sexual - crimes in babol, declares the causes on a sociological point of view, cultural transmission & contrast theory. in assessment during this research regarding age, sex & occupation as the main criter...

Original scientific paper Reducing the manufacturing time is the trend of high precision manufacturing, and the precision of a work-piece is very important for the manufacturing industry. The high-speed motorized spindle is the most critical part and becoming more widely used in the machine tool at present, and its precision may affect the overall performance of high-speed cutting. Most of the ...

Analysing computations in neural circuits often uses simplified models because the actual neuronal implementation is not known. For example, a problem in vision, how the eye detects image motion, has long been analysed using Hassenstein-Reichardt (HR) detector or Barlow-Levick (BL) models. These both simulate motion detection well, but the exact neuronal circuits undertaking these tasks remain ...

Integrating molecular interaction data with existing knowledge of molecular function reveals mechanisms that underly cellular organization. We present NARADA, a software tool that implements a comprehensive analysis suite for functional annotation of pathways. NARADA takes as input a species-specific molecular interaction network and annotation of biomolecules in the network and provides the us...

Integrating molecular interaction data with existing knowledge of molecular function reveals mechanisms that underly cellular organization. We present NARADA, a software tool that implements a comprehensive analysis suite for functional annotation of pathways. NARADA takes as input a species-specific molecular interaction network and annotation of biomolecules in the network and provides the us...

In this paper we develop a natural generalization of Schauder basis theory, we term operator-valued basis or simply ov-basis theory, using operator-algebraic methods. We prove several results for ov-basis concerning duality, orthogonality, biorthogonality and minimality. We prove that the operators of a dual ov-basis are continuous. We also dene the concepts of Bessel, Hilbert ov-basis and obta...