Past

We show how to solve optimization problems in the presence of proportional transaction costs by determining a shadow price, which is a solution to the dual problem. Put differently, this is a fictitious frictionless market evolving within the bid-ask spread, that leads to the same optimization problem as in the original market with transaction costs. In addition, we also discuss how to obtain asymptotic expansions of arbitrary order for small transaction costs. This is joint work with Stefan Gerhold, Paolo Guasoni, and Walter Schachermayer.

The timing of developmental milestones such as egg hatch or bud break

can be important predictors of population success and survival. Many

insect species rely directly on temperature as a cue for their

developmental timing. With environments constantly under presure to

change, developmental timing has become highly adaptive in order to

maintain seasonal synchrony. However, climatic change is threatening

this synchrony.

Our model couples existing models of developmental timing to a

quatitative genetics framework which descibes the evolution of

developmental parameters. We use this approach to examine the ability of a

population to adapt to an enviroment that it is highly maladapted to.

Through a combination of numerical and analtyical approaches we explore

the dynamics of the infinite dimensional system of

integrodifference equations. The model indicates that developmental timing

is surprisingly robust in its ability to maitain synchrony even under

climatic change which works constantly to maintain maladaptivity.

The mechanics of thin elastic or viscous objects has applications in e.g. the buckling of engineering structures, the spinning of polymer fibers, or the crumpling of plates and shells. During the past decade the mathematics, mechanics and physics communities have witnessed an upsurge of interest in those issues. A general question is to how patterns are formed in thin structures. In this talk I consider two illustrative problems: the shapes of an elastic knot, and the stitching patterns laid down by a viscous thread falling on a moving belt. These intriguing phenomena can be understood by using a combination of approaches, ranging from numerical to analytical, and based on exact equations or low-dimensional models.

In this talk, we focus on the analytical properties of a decentralized auction, namely the PAUSE Auction Procedure. We prove that the revenue of the auctioneer from PAUSE is greater than or equal to the profit from the well-known VCG auction when there are only two bidders and provide lower bounds on the profit for arbitrary number of bidders. Based on these bounds and observations from auctions with few items, we propose a modification of the procedure that increases the profit. We believe that this study, which is still in progress, will be a milestone in designing better decentralized auctions since it is the first analytical study on such auctions with promising results.

Much mathematical work has gone into the creation of time-consistent nonlinear expectations. When we think of implementing these, various problems arise and destroy the beautiful consistency properties we have worked so hard to create. One of these problems is to do with horizon dependence, in particular, where a portfolio's value is considered at a time t+m, where t is the present time and m is a fixed horizon.

In this talk we shall discuss various notions of time consistency and the corresponding solution concepts. In particular, we shall focus on notions which pay attention to the space of available policies, allowing for commitment devices and non-markovian restrictions. We shall see that, for any time-consistent nonlinear expectation, there is a notion of time consistency which is satisfied by the moving horizon problem.

We'll survey some of the ways that hyperbolic groups have been studied

using analysis on their boundaries at infinity.

We analyze the question of the minimal index of a normal subgroup in a free group which does not contain a given element. Recent work by BouRabee-McReynolds and Rivin give estimates for the index. By using results on the length of shortest identities in finite simple groups we recover and improve polynomial upper and lower bounds for the order of the quotient. The bounds can be improved further if we assume that the element lies in the lower central series.

I describe a conjecture equating the two items appearing in the title.

In this talk we will first consider the Allen-Cahn action functional that controls the probability of rare events in an Allen-Cahn type equation with additive noise. Further we discuss a perturbation of the Allen-Cahn equation by a stochastic flow. Here we will present a tightness result in the sharp interface limit and discuss the relation to a version of stochastically perturbed mean curvature flow. (This is joint work with Luca Mugnai, Leipzig, and Hendrik Weber, Warwick.)

Coarse geometry provides a very useful organising point of view on the study
of geometry and analysis of discrete metric spaces, and has been very
successful in the context of geometric group theory and its applications. On
the other hand, the work of Carlsson, Ghrist and others on persistent
homology has paved the way for applications of topological methods to the
study of broadly understood data sets. This talk will provide an
introduction to this fascinating topic and will give an overview of possible
interactions between the two.

Topological spaces and manifolds are commonly used to model configuration
spaces of systems of various nature. However, many practical tasks, such as
those dealing with the modelling, control and design of large systems, lead
to topological problems having mixed topological-probabilistic character
when spaces and manifolds depend on many random parameters.
In my talk I will describe several models of stochastic algebraic topology.
I will also mention some open problems and results known so far.

"Rough paths of inhomogeneous degree of smoothness (Pi-rough paths) can be treated as p-rough paths (of homogeneous degree of
smoothness) for a sufficiently large p. The theory of integration with respect to p-rough paths can be applied to prove existence and uniqueness of solutions of differential equations driven by Pi-rough paths. However the required conditions on the one-form determining the differential equation are too strong and can be weakened. The talk proves the existence and uniqueness under weaker conditions and explores some applications of Pi-rough paths

The behaviour of the tail of the distribution of the first passage time over a fixed level has been known for many years, but until recently little was known about the behaviour of the probability mass function or density function. In this talk we describe recent results of Vatutin and Wachtel, Doney, and Doney and Rivero which give such information whenever the random walk or Levy process is asymptotically stable.