This paper presents a conceptual framework for valuation of single-name credit derivatives, and recuperates, in some cases generalizing, a few of known results in credit risk theory. Valuation is viewed with respect to a given state price and relative to a general numeraire. Survival probabilities and default recoveries are considered as processes adapted to a subfiltration, following Jeanblanc...

Adolescents from areas of high deprivation are often assumed to have low aspirations for the future. However, recent research has suggested otherwise and there have been calls for more substantial investigation into the relationship between poverty and aspiration. This article reports levels and variation in aspiration from 1214 adolescents (49.5 % male; 50.5 % female) living in areas of high d...

Using thermal quantization of geodesics confined under horizons and reasonable conjecture on massless modes, we evaluate quantum spectrum of Kerr black hole masses compatible with superstring symmetries.

When there are installations of air velocity sensors in the mining industry for real-time airflow monitoring, a problem exists with how the monitored air velocity at a fixed location corresponds to the average air velocity, which is used to determine the volume flow rate of air in an entry with the cross-sectional area. Correction factors have been practically employed to convert a measured cen...

Five physicians' radiological assessments of coalworkers' simple pneumoconiosis (CWP) in 2600 coalminers at 10 British collieries have been studied in relation to the individuals' estimated lifetime (mean 33 years) exposure to respirable coalmine dust. Estimates of exposure were based on 20 years of observations at each colliery. Radiographic classifications were clearly associated with the mea...

We introduce a set of scalar fields as test fields to study the dynamical behaviors of the BTZ(Banados-Teitelboim-Zanelli) black hole. These include minimally coupled scalar, conformally coupled scalar, dilaton, and tachyon. To calculate the decay rate of the BTZ black hole, we consider both the Dirichlet boundary condition at spatial infinity and the stability condition. It turns out that the ...

OBJECTIVES We describe inconsistencies in disease and illness reporting in U.S. mining, identify under-reporting of disease and illness in U.S. mining, and summarize selected disease and illness in U.S. mining from 1983 through 2001. METHODS We summarized information on mining-related disease and illness data for the years 1983-2001 from the Mining Safety and Health Administration database (M...

We discuss a new ringdown frequency mode for vacuum perturbations of the Kerr black hole. We evolve initial data for the vacuum radial Teukolsky equation using a near horizon approximation and find a frequency mode analogous to that found in a recent study of radiation generated by a plunging particle close to the Kerr horizon. We discuss our results in the context of that study. We also explor...

In this paper we derive an effective equation for derivative pricing which accounts for the presence of virtual arbitrage opportunities and their elimination by the market. We model the arbitrage return by a stochastic process and find an equation for the average derivative price. This is an integro-differential equation which, in the absence of the virtual arbitrage or for an infinitely fast m...

Stress fractures, a painful injury, are caused by excessive fatigue in bone. This study on damage accumulation in bone sought to determine if the Palmgren-Miner rule (PMR), a well-known linear damage accumulation hypothesis, is predictive of fatigue failure in bone. An electromagnetic shaker apparatus was constructed to conduct cyclic and variable amplitude tests on bovine bone specimens. Three...