The problem of finding an explicit description of the centre of the restricted universal enveloping algebra of sl2 for a general prime characteristic p is still open. We use a computational approach to find a basis for the centre for small p. Building on this, we used a special central element t to construct a complete set of (p+1)/2 orthogonal primitive idempotents e_i, which decompose Z into one 1-dimensional and (p-1)/2 3-dimensional subspaces e_i Z. These allow us to compute e_i N as subspaces of the e_i Z, where N is the largest nilpotent ideal of Z. Looking forward, the results perhaps suggest N is a free k[T] / (T^{(p-1)/2}-1)-module of rank 2.

The important problem of backtesting financial models over long horizons inevitably leads to overlapping returns, giving rise to correlated samples. We propose a new method of dealing with this problem by decorrelation and show how this increases the discriminatory power of the resulting tests.


About the speaker
Nikolai Nowaczyk is a Risk Management & AI consultant who has advised multiple institutional clients in  projects around counterparty credit risk and xVA as well as data science and machine learning. 
Nikolai holds a PhD in mathematics from the University of Regensburg and has been an Academic Visitor at Imperial College London.
 

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