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By Paulo P. Freitas, Hugo A. Ferreira, Filipe Cardoso, Susana Cardoso, Ricardo Ferreira (auth.), Manuel Seabra Pereira (eds.)

ISBN-10: 1402056893

ISBN-13: 9781402056895

ISBN-10: 1402056907

ISBN-13: 9781402056901

The Technical college of Lisbon (UTL) is celebrating this 12 months its seventy fifth anniversary. Being a jubilee party, a whole software of occasions happened, together with a two-day Symposium at the study at UTL. This Symposium addressed the state-of-art in significant parts of excellence at UTL. technology, know-how and innovation and how universities and society as a rule, create, use and disseminate wisdom have won a becoming signi?cance during the last a long time. UTL doubtless embeds a appropriate power of excellence in several components of study in uncomplicated and technologies, which bears its improvement at the foundation of a “research collage” version. This ebook includes the edited model of the invited lectures that have been introduced by way of trendy researchers at UTL. This ebook brings jointly in a evaluation demeanour a entire precis of top of the range examine contri- tions throughout uncomplicated and technologies. The contributing papers are equipped round the following significant components: – Emergent components (Nanosciences, Quantic Computations and Infor- tion, probability and Volatility in monetary Markets); – simple Sciences (Mathematics, Physics, Chemistry and Materials); – Social Sciences, Economics and administration Sciences; – lifestyles Sciences and Biotechnology; – Engineering and applied sciences – Nature, setting and Sustainability; – Public health and wellbeing, foodstuff caliber and safeguard; – future health and activity Sciences; – Urbanism, Transports, structure, Arts and layout. The transdisciplinary nature of so much components goals to emphasize a compelling experience of function within the paintings developed.

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As the process behaves like a RW, (i) it must be zero in some interval and, since the process is bounded, (ii) it must be positive (negative) when x is ''low'' (''high''). Moreover we expect that: (iii) E >'X t X t 1 x @ is a monotonic function which, associated with (ii), means that the reversion effect should be strong if x is far from the interval of reversion and should be weak in the opposite case; (iv) E >'X t X t 1 x @ is differentiable (on the state space of X ) in order to assure a smooth effect of reversion.

11] recognise, this activity can limit the willingness of fundamentalists to take positions against noise traders (chartists). In fact, if 27 Financial Econometric Models noise traders today are pessimists and the price is low, a fundamentalist with a short time horizon buying this asset can suffer a loss if noise traders become even more pessimistic. Conversely, a fundamentalist selling an asset short when the price is high can lose money if noise traders become more bullish in the near future.

Sernadas et al. These were the key steps leading to the emergence of quantum information as a new area of science, in fact an area that has been attracting very significant resources over the last decade. This is not that surprising given the revolutionary application that quantum information seems to have the potential to offer. But what has been delivered so far? On the security side, the progress has been quite spectacular, as we now have plug and play quantum key distribution systems available on the market that work in commercial optical fibers for up to 122 km [39], with a growing hope that such systems will be able to operate globally in the near future, either by cable or satellite.

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A Portrait of State-of-the-Art Research at the Technical University of Lisbon by Paulo P. Freitas, Hugo A. Ferreira, Filipe Cardoso, Susana Cardoso, Ricardo Ferreira (auth.), Manuel Seabra Pereira (eds.)


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