Sequential Fair Stackelberg Equilibria of Linear Strategies in Risk-Seeking Insider Trading

This paper develops a sequential fair Stackelberg auction model in which each of the two risk-seeking insiders has an equal chance to be a leader or follower at each auction stage. The authors establish the existence, uniqueness of sequential fair Stackelberg equilibria (in short, FSE) when both insiders adopt linear strategies, and find that at the sequential equilibria such two insiders compete aggressively that cause the liquidity of market to drop, the information to be revealed and the profit to go down very rapidly while the trading intensity goes substantially high. Furthermore, the authors also give continuous versions of corresponding parameters in the sequential FSE in closed forms, as the time interval between auctions approaches to zero. It shows that such parameters go down or up approximately exponentially and all of the liquidity of market, information and profit become zero while the trading intensity goes to infinity. Some numerical simulations about the sequential FSE are also illustrated.     

Control and Stabilization of the Rosenau Equation Posed on a Periodic Domain

This paper considers the Rosenau equation with a moving control?t u + ?_t?_x~4 u + ?_xu + u?x u = a(x + ct)h(x, t), c = 0, x ∈ T = R/(2πZ), t 0.The authors prove that the Rosenau equation with a moving control is locally exact controllable in Hs(T) with s ≥ 0 and globally exponential stable in H~s(T) with s ≥ 2. The two results nontrivially extend the work of(Rosier L and Zhang B Y, 2013) from the BBM equation to the Rosenau equation.     

Non-Monomial Permutations with Differential Uniformity Six

In this paper, a family of non-monomial permutations over the finite field \({F_{{2^n}}}\) with differential uniformity at most 6 is proposed, where n is a positive integer. The algebraic degree of these functions is also determined.     

Component ACD Model and Its Application in Studying the Price-Related Feedback Effect in Investor Trading Behaviors in Chinese Stock Market

This paper explores the investors’ feedback to the price change by modelling the price-related dynamics of trading intensity. A component decomposition duration modeling approach, called the component autoregressive conditional duration (CACD) model, is proposed to capture the variation of trading intensity across time intervals between price change events. Based on the CACD model, an empirical analysis is carried out on the Chinese stock market that covers different market statuses. The empirical results suggest that the CACD model can capture the price-related dynamics of trading intensity, which supports the existence of the feedback effect and is robust across different market statuses. The authors also study how the investors react to the price change by examining the driven factors of the price-related dynamics of trading intensity. The authors find that the trading can be triggered by the fast rise in the price level and the high trading volume. Besides, investors are more sensitive to the price change direction in the sideways market than in the upward or downward markets.     

An FE-Inexact Heterogeneous ADMM for Elliptic Optimal Control Problems with <Emphasis Type="Italic">L</Emphasis><Superscript>1</Superscript>-Control Cost

Elliptic PDE-constrained optimal control problems with L¹-control cost (L¹-EOCP) are considered. To solve L¹-EOCP, the primal-dual active set (PDAS) method, which is a special semismooth Newton (SSN) method, used to be a priority. However, in general solving Newton equations is expensive. Motivated by the success of alternating direction method of multipliers (ADMM), we consider extending the ADMM to L¹-EOCP. To discretize L¹-EOCP, the piecewise linear finite element (FE) is considered. However, different from the finite dimensional l1-norm, the discretized L¹-norm does not have a decoupled form. To overcome this difficulty, an effective approach is utilizing nodal quadrature formulas to approximately discretize the L¹-norm and L²-norm. It is proved that these approximation steps will not change the order of error estimates. To solve the discretized problem, an inexact heterogeneous ADMM (ihADMM) is proposed. Different from the classical ADMM, the ihADMM adopts two different weighted inner products to define the augmented Lagrangian function in two subproblems, respectively. Benefiting from such different weighted techniques, two subproblems of ihADMM can be efficiently implemented. Furthermore, theoretical results on the global convergence as well as the iteration complexity results o(1/k) for ihADMM are given. In order to obtain more accurate solution, a two-phase strategy is also presented, in which the primal-dual active set (PDAS) method is used as a postprocessor of the ihADMM. Numerical results not only confirm error estimates, but also show that the ihADMM and the two-phase strategy are highly efficient.     

Influence of strategy continuity on cooperation in spatial prisoner’s dilemma games with migrating players

The phenomenon of cooperation is prevalent in both nature and human society. In this paper a simulative model is developed to examine how the strategy continuity influences cooperation in the spatial prisoner’s games in which the players migrate through the success-driven migration mechanism. Numerical simulations illustrate that the strategy continuity promotes cooperation at a low rate of migration, while impeding cooperation when the migration rate is higher. The influence of strategy continuity is also dependent on the game types. Through a more dynamic analysis, the different effects of the strategy continuity at low and high rates of migration are explained by the formation, expansion, and extinction of the self-assembled clusters of “partial- cooperators” within the gaming population.     

A framework for personalized adaptive user interest prediction based on topic model and forgetting mechanism

User interest is not static and changes dynamically. In the scenario of a search engine, this paper presents a personalized adaptive user interest prediction framework. It represents user interest as a topic distribution, captures every change of user interest in the history, and uses the changes to predict future individual user interest dynamically. More specifically, it first uses a personalized user interest representation model to infer user interest from queries in the user’s history data using a topic model; then it presents a personalized user interest prediction model to capture the dynamic changes of user interest and to predict future user interest by leveraging the query submission time in the history data. Compared with the Interest Degree Multi-Stage Quantization Model, experiment results on an AOL Search Query Log query log show that our framework is more stable and effective in user interest prediction.     

Integrated heat and power dispatch model for wind-CHP system with solid heat storage device based on robust stochastic theory

This paper built a combined heat and power (CHP) dispatch model for wind-CHP system with solid heat storage device (SHS) aiming at minimizing system coal consumption, and set system demand-supply balance and units’ operation conditions as the operation constraints. Furthermore, robust stochastic optimization theory was used to describe wind power output uncertainty. The simulation result showed that SHS increased CHP peak-valley shifting capability and reduced abandoned wind rate from 12% to 6%, and reduced 5% coal consumption, compared with the original system operation by flexible charging electric power and heating. The payback period of employing SHS in wind-CHP system is far shorter than SHS expected service life.     

Generalized Intersection Bodies with Parameter

AIn 2005, the classical intersection bodies and L_p intersection bodies were extended. Afterwards, the concept of general L_p intersection bodies and the generalized intersection bodies was introduced. In this paper, we define the generalized bodies with parameter. Besides, we establish the extremal values for volume, Brunn-Minkowski type inequality for radial combination and L_p harmonic Blaschke combination of this notion.     

Global Existence and Optimal Decay Rate of the Compressible Magnetohydrodynamic Equation with Potential Force

In this paper, we consider the three dimensional compressible viscous magnetohydrodynamic equations(MHD) with the external potential force. We first derive the corresponding non-constant stationary solutions. Next, we show global wellposedness of the initial value problem for the three dimensional compressible viscous magnetohydrodynamic equations, provided that the initial data is close to the stationary solution. Finally, based on the elaborate energy estimates for the nonlinear system and L~p-L~q decay estimates of the linearized equation, we show the optimal convergence rates of the solution in L~q-norm with 2≤q≤6 and its first derivative in L~2-norm when the initial perturbation is bounded in L~p-norm with 1≤p6/5.