Past

We give an introduction to the Kakimizu complex of a link,

covering a number of recent results. In particular we will see that the

Kakimizu complex of a knot may be locally infinite, that the Alexander

polynomial of an alternating link carries information about its Seifert

surfaces, and that the Kakimizu complex of a special alternating link is

understood.

The paper analyses structural models for the evaluation of risky debt following H.E. LELAND [2], with an approach of optimal stopping problem (for instance cf. N. EL KAROUI [1]) and within a more general context: a dividend is paid to equity holders, moreover a different tax schedule is introduced, depending on the firm current value. Actually, an endogenous default boundary is introduced and a nonlinear convex tax schedule allowing for a possible switching in tax benefits. The aim is to find optimal capital structure such that the failure is delayed, meaning how to decrease the failure level VB, anyway preserving D debtholders and E equity holders’interests: for the firm VB is needed as low as possible, for the equity holder, an optimal equity is requested, finally an optimal coupon C is asked  for the total value.

Keywords: corporate debt, optimal capital structure, default,

• Wan Chen - “From Brownian Dynamics to Transition Rate Theory: An Ion Channel Example”
• Thomas Lessinnes - "Neuronal growth: a mechanical perspective"
• Savina Joseph - “Current generation in solar cells”
• Shengxin Zhu - “The Numerical Linear Algebra of Approximation involving Radial Basis Functions”

In the Examination Schools.

Over the last decades, advanced probabilistic methods have played an increasing role in Finance, both in Academia and in the financial industry. In view of the recent financial crisis it has been asked to which extent "misplaced reliance on sophisticated maths" has been part of the problem. We will focus on the foundational issue of model uncertainty, also called "Knightian uncertainty". This will be illustrated

by the problem of quantifying financial risk. We discuss recent advances

in the theory of convex risk measures and a corresponding robustification of classical problems of optimal portfolio choice, where model uncertainty is taken into account explicitly.

Biography: Hans Follmer is Professor Emeritus of Mathematics at Humboldt-Universitat zu Berlin, Andrew D. White Professor-at-Large at Cornell University, and Visiting Professor at the National University of Singapore. Before joining Humboldt University in 1994, he has been professor at the universities of Frankfurt and Bonn and at ETH Zurich.

Hans Follmer is widely known for his contributions to probability theory and mathematical finance. He received numerous awards, including the Prix Gay-Lussac/Humboldt of the French Government, the Georg-Cantor medal of the German Mathematical Society, and a honorary degree of the University Paris-Dauphine. He is a member of the Berlin-Brandenburgische Akademie der Wissenschaften, the German National Academy of Sciences Leopoldina, and the European Academy of Sciences Academia Europaea.

We develop a theory of impact of viscoelastic spheres with adhesive

interactions. We assume that the collision velocities are not large to

avoid the fracture and plastic deformation of particles material and

microscopic relaxation time is much smaller than the collision duration.

The adhesive interactions are described with the use of Johnson, Kendall

and Roberts (JKR) theory, while dissipation is attributed to the

viscoelastic behavior of the material. For small impact velocities we

apply the condition of a quasi-static collision and obtain the

inter-particle force. We show that this force is a sum of four

components, having in addition to common elastic, viscous and adhesive

force, the visco-adhesive cross term. Using the derived force we compute

the coefficient of normal restitution and consider the application of our

theory to the collisions of macro and nano-particles.

The points in question can be found on  any semi-abelian surface over an elliptic curve with complex multiplication. We will show that they provide counter-examples to natural expectations in a variety of fields :  Galois representations (following K. Ribet's initial study from the 80's), Lehmer's problem on heights, and more recently, the relative  analogue of the Manin-Mumford conjecture. However, they do support Pink's general conjecture on special subvarieties of mixed Shimura varieties.

The points in question can be found on any semi-abelian surface over an

elliptic curve with complex multiplication. We will show that they provide

counter-examples to natural expectations in a variety of fields : Galois

representations (following K. Ribet's initial study from the 80's),

Lehmer's problem on heights, and more recently, the relative analogue of

the Manin-Mumford conjecture. However, they do support Pink's general

conjecture on special subvarieties of mixed Shimura varieties.

This seminar will be held at the Rutherford Appleton Laboratory near Didcot.

Abstract:

Numerical calculations of laminar flow in a two-dimensional channel with a sudden expansion exhibit a symmetry-breaking bifurcation at Reynolds number 40.45 when the expansion ratio is 3:1. In the experiments reported by Fearn, Mullin and Cliffe [1] there is a large perturbation to this bifurcation and the agreement with the numerical calculations is surprisingly poor. Possible reasons for this discrepancy are explored using modern techniques for uncertainty quantification.

When experimental equipment is constructed there are, inevitably, small manufacturing imperfections that can break the symmetry in the apparatus. In this work we considered a simple model for these imperfections. It was assumed that the inlet section of the channel was displaced by a small amount and that the centre line of the inlet section was not parallel to the centre line of the outlet section. Both imperfections were modelled as normal random variables with variance equal to the manufacturing tolerance. Thus the problem to be solved is the Navier-Stokes equations in a geometry with small random perturbations. A co-ordinate transformation technique was used to transform the problem to a fixed deterministic domain but with random coefficient appearing in the transformed Navier-Stokes equations. The resulting equations were solved using a stochastic collocation technique that took into account the fact that the problem has a discontinuity in parameter space arising from the bifurcation structure in the problem.

The numerical results are in the form of an approximation to a probability measure on the set of bifurcation diagrams. The experimental data of Fearn, Mullin and Cliffe are consistent with the computed solutions, so it appears that a satisfactory explanation for the large perturbation can be provided by manufacturing imperfections in the experimental apparatus.

The work demonstrates that modern methods for uncertainty quantification can be applied successfully to a bifurcation problem arising in fluid mechanics. It should be possible to apply similar techniques to a wide range of bifurcation problems in fluid mechanics in the future.

References:

[1] R M Fearn, T Mullin and K A Cliffe Nonlinear flow phenomena in a symmetric sudden expansion, J. Fluid Mech. 211, 595-608, 1990.

Mikhail Borovoi's theorem states that any simply connected compact semisimple Lie group can be understood (as a group) as an amalgam of its rank 1 and rank 2 subgroups. Here we present a recent extension of this, which allows us to understand the same objects as a colimit of their rank 1 and rank 2 subgroups under a final group topology in the category of Lie groups. Loosely speaking, we obtain not only the group structure uniquely by understanding all rank 1 and rank 2 subgroups, but also the topology.

The talk will race through the elements of Lie theory, buildings and category theory needed for this proof, to leave the audience with the underlying structure of the proof. Little prior knowledge will be assumed, but many details will be left out.

We'll discuss 2 ways to decompose a 3-manifold, namely the Heegaard

splitting and the celebrated geometric decomposition. We'll then see

that being hyperbolic, and more in general having (relatively)

hyperbolic fundamental group, is a very common feature for a 3-manifold.

We highlight a technique for studying edge colourings of multigraphs, due to Tashkinov. This method is a sophisticated generalisation of the method of alternating paths, and builds upon earlier work by Kierstead and Goldberg. In particular we show how to apply it to a number of edge colouring problems, including the question of whether the class of multigraphs that attain equality in Vizing's classical bound can be characterised.

This talk represents joint work with Jessica McDonald.

In field theory simple forms of certain scattering amplitudes in four dimensional theories with massless particles are known. This has been shown to be closely related to underlying (super)symmetries and has been a source of inspiration for much development in the last years. Away from four dimensions much less is known with some concrete development only in six dimensions. I will show how to construct promising on-shell superspaces in eight and ten dimensions which permit suggestively simple forms of supersymmetric four point scattering amplitudes with massless particles. Supersymmetric on-shell recursion relations which allow one to compute in principle any amplitude are constructed, as well as the three point `seed' amplitudes to make these work. In the three point case I will also present some classes of supersymmetric amplitudes with a massive particle for the type IIB superstring in a flat background.

We give a characterization of divergence-free vector fields on the plane such that the Cauchy problem for the associated continuity (or transport) equation has a unique bounded solution (in the sense of distribution).

Unlike previous results in this directions (Di Perna-Lions, Ambrosio), the proof relies on a dimension-reduction argument, which can be regarded as a variant of the method of characteristics. Note that our characterization is not stated in terms of function spaces, but is based on a suitable weak formulation of the Sard property for the potential associated to the vector-field.

This is a joint work with S. Bianchini (SISSA, Trieste) and Gianluca Crippa (Parma).

I will describe why e^{\pi\sqrt{163}} is almost an integer and how this is related to Q(\sqrt{-163}) having class number one and why n^2-n+41 is prime for n=0,...,39. Bits and pieces about Gauss's class number problem, Heegner numbers, the j-invariant and complex multiplication on elliptic curves will be discussed along the way.

Numerical Approximations of Non-linear Stochastic Systems. Abstract:  The explicit solution of stochastic differential equations (SDEs can be found only in a few cases. Therefore, there is a need fo accurate numerical approximations that could, for example, enabl  Monte Carlo Simulations. Convergence and stability of these methods are well understood for SDEs with Lipschit  continuous coefficients. Our research focuses on those situations wher  the coefficients of the underlying SDEs are non-Lipschitzian  It was demonstrated in the literature,  that in this case using the classical methods we may fail t  obtain numerically computed paths that are accurate for small step-sizes, or to obtain qualitative information about the behaviour of numerical methods over long time intervals. Our work addresses both of these issues, giving a customized analysis of the most widely used numerical methods.

We consider parabolic scalar conservation laws perturbed by a (conservative) noise. Large deviations are investigated in the singular limit of jointly vanishing viscosity and noise. The model is supposed to feature the same behavior of "asymmetric" particles systems (e.g. TASEP) under Euler scaling.

A first large deviations principle is obtained in a space of Young measures. A "second order" large deviations principle is then discussed, including connections with the Jensen and Varadhan functional. As time allows, more recent "long correlation" models will be treated.

We derive a general methodology to approximate the law of the average of the marginal of diffusion processes. The average is computed w.r.t. a general parameter that is involved in the diffusion dynamics. Our approach is suitable to compute expectations of functions of arithmetic or geometric means. In the context of small SDE coefficients, we establish an expansion, which terms are explicit and easy to compute. We also provide non asymptotic error bounds. Applications to the pricing of basket options, Asian options or commodities options are then presented. This talk is based on a joint work with M. Miri.

Eukaryotic systems migrate in response to gradients in external signal concentrations, a process referred to as chemotaxis. This chemotactic behaviour may of either a chemoattractive or a chemorepulsive nature.

Understanding such behaviour at the single cell level in terms of the underlying signal transduction networks is highly challenging for various reasons, including the strong non-linearity of the signal processing as well as other complicating factors.

In this talk we will discuss modelling approaches which are aimed at trying to understand how signal transduction in the networks of eukaryotic cells can lead to appropriate internal signals to guide the cell motion either up-gradient or down-gradient. One part of the talk will focus on system-specific mechanistic modelling. This will be complemented by simplified models to address how signal transduction is organized in cells so that they may exhibit both attractive and repulsive gradient sensing.

This is joint with with Mark Berman, Uri Onn, and Pirita Paajanen.

Let K be a local field with valuation ring O and residue field of size q, and G a Chevalley group. We study counting problems associated with the group G(O). Such counting problems are encoded in certain zeta functions defined as Poincare series in q^{-s}. It turns out that these zeta functions are bounded sums of rational functions and depend only on q for all local fields of sufficiently large residue characteristic. We apply this to zeta functions counting conjugacy classes or dimensions of Hecke modules of interwining operators in congruence quotients of G(O). To prove this we use model-theoretic cell decomposition and quantifier-elimination to get a theorem on the values of 'definable' integrals over local fields as the local field varies.

Human behaviour can show surprising properties when looked at from a collective point of view. Data on collective behaviour can be gleaned from a number of sources, and mobile phone data are increasingly becoming used. A major challenge is combining behavioural data with health data. In this talk I will describe our approach to understanding behaviour change related to change in health status at a collective level.

Please note that this is a short notice change from the originally advertised talk by Dr Shahrokh Shahpar (Rolls-Royce plc.)

The new talk "Multilevel Monte Carlo method" is given by Mike Giles, Oxford-Man Institute of Quantitative Finance, Mathematical Institute, University of Oxford.

Joint work with Rob Scheichl, Aretha Teckentrup (Bath) and Andrew Cliffe (Nottingham)

In this talk we will present results concerning the large scale long time behaviour of particles moving in a periodic (random) velocity field subject to molecular diffusion. The particle can be considered massless (passive tracer) or not (inertial particle). Under appropriate assumptions for the velocity field the large scale long time behavior of the particle is described by a Brownian motion with an effective diffusivity matrix K.

We then present some numerical algorithms concerning the calculation of the effective diffusivity in the limit of vanishing molecular diffusion (stochastic geometric integrators). Time permitting we will discuss the case where the driving noise is no longer white but colored and study the effects of this change to the effective diffusivity matrix.

A factorability structure on a group G is a specification of normal forms of group elements as words over a fixed generating set. There is a chain complex computing the (co)homology of G. In contrast to the well-known bar resolution, there are much less generators in each dimension of the chain complex. Although it is often difficult to understand the differential, there are examples where the differential is particularly simple, allowing computations by hand. This leads to the cohomology ring of hv-groups, which I define at the end of the talk in terms of so called "horizontal" and "vertical" generators.

I will describe recent work with Charles Fefferman on a

construction of families of analytic almost-sharp fronts for SQG. These

are special solutions of SQG which have a very sharp transition in a

very thin layer. One of the main difficulties of the construction is the

fact that there is no formal limit for the family of equations. I will

show how to overcome this difficulty, linking the result to joint work

with C. Fefferman and Kevin Luli on the existence of a "spine" for

almost-sharp fronts. This is a curve, defined for every time slice by a

measure-theoretic construction, that describes the evolution of the

almost-sharp front.

A topological space $(X,\tau)$ is submaximal if $\tau$ is the maximal element of $[{\tau}_{s}]$. Submaximality was first defined and characterized by Bourbaki. Since then, some mathematicians presented several characterizations of submaximal spaces.

In this paper, we will attempt to develop the concept of submaximality and offer some new results. Furthermore, some results concerning $\alpha$-scattered space will be obtained.

A factorability structure on a group G is a specification of normal forms

of group elements as words over a fixed generating set. There is a chain

complex computing the (co)homology of G. In contrast to the well-known bar

resolution, there are much less generators in each dimension of the chain

complex. Although it is often difficult to understand the differential,

there are examples where the differential is particularly simple, allowing

computations by hand. This leads to the cohomology ring of hv-groups,

which I define at the end of the talk in terms of so called "horizontal"

and "vertical" generators.

Word maps on groups were studied extensively in the past few years, in connection to various conjectures on profinite groups, finite groups, finite simple groups, etc. I will provide background, as well as very recent works (joint with Larsen, Larsen-Tiep,

Liebeck-O'Brien-Tiep) on word maps with relations to representations (e.g. Gowers' method and character ratios), geometry and probability.

Recent applications, e.g. to subgroup growth and representation varieties, will also be described.

I will conclude with a list of problems and conjectures which are still very much open.  The talk should be accessible to a wide audience.

Counting the number of curves of degree $d$ with $n$ nodes (and no further singularities) going through $(d^2+3d)/2 - n$ points in general position in the projective plane is a problem which was already considered more than 150 years ago. More recently, people conjectured that for sufficiently large $d$ this number should be given by a polynomial of degree $2n$ in $d$. More generally, the Göttsche conjecture states that the number of $n$-nodal curves in a general $n$-dimensional linear subsystem of a sufficiently ample line bundle $L$ on a nonsingular projective surface $S$ is given by a universal polynomial of degree $n$ in the 4 topological numbers $L^2, L.K_S, (K_S)^2$ and $c_2(S)$. In a joint work with Vivek Shende and Richard Thomas, we give a short (compared to existing) proof of this conjecture.

In 1961 Hajos conjectured that if a graph contains no subdivsion of a clique of order t then its chromatic number is less than t. In 1981, Erdos and Fajtlowicz showed that the conjecture is almost always false. We show it is almost always true. This is joint work with Keevash, Mohar, and McDiarmid.

We study exponential Levy models with change-point which is a random variable, independent from initial Levy processes. On canonical space with initially enlarged filtration we describe all equivalent martingale measures for change-

point model and we give the conditions for the existence of f-minimal equivalent martingale measure. Using the connection between utility maximisation and f-divergence minimisation, we obtain a general formula for optimal strategy in change-point case for initially enlarged filtration and also for progressively enlarged filtration when the utility is exponential. We illustrate our results considering the Black-Scholes model with change-point.

Key words and phrases: f-divergence, exponential Levy models, change-point, optimal portfolio

MSC 2010 subject classifications: 60G46, 60G48, 60G51, 91B70