In this talk I will consider model-independent pricing problems in a stochastic interest rates framework. In this case the usual tools from Optimal Transport and Skorokhod embedding cannot be applied. I will show how some pricing problems in a fixed-income market can be reformulated as Weak Optimal Transport (WOT) problems as introduced by Gozlan et al. I will present a super-replication theorem that follows from an extension of WOT results to the case of non-convex cost functions.
This talk is based on joint work with M. Beiglboeck and G. Pammer.

The interplay between fluid flows and fractures is ubiquitous in Nature and technology, from hydraulic fracturing in the shale formation to supraglacial lake drainage in Greenland and hydrofracture on Antarctic ice shelves.

In this talk I will discuss the above three examples, focusing on the scaling laws and their agreement with lab experiments and field observations. As climate warms, the meltwater on Antarctic ice shelves could threaten their structural integrity through propagation of water-driven fractures. We used a combination of machine learning and fracture mechanics to understand the stability of fractures on ice shelves. Our result also indicates that as meltwater inundates the surface of ice shelves in a warm climate, their collapse driven by hydrofracture could significantly influence the flow of the Antarctic Ice Sheets. 

Deep-marine volcanism drives Earth's most energetic transfers of heat and mass between the crust and the oceans. Yet little is known of the primary source and intensity of the energy release that occurs during seafloor volcanic events owing to the lack of direct observations. Seafloor magmatic activity has nonetheless been correlated in time with the appearance of massive plumes of hydrothermal fluid known as megaplumes. However, the mechanism by which megaplumes form remains a mystery. By utilising observations of pyroclastic deposits on the seafloor, we show that their dispersal required an energy discharge that is sufficiently powerful (1-2 TW) to form a hydrothermal discharge with characteristics that align precisely with those of megaplumes observed to date. The result produces a conclusive link between tephra production, magma extrusion, tephra dispersal and megaplume production. However, the energy flux is too high to be explained by a purely volcanic source (lava heating), and we use our constraints to suggest other more plausible mechanisms for megaplume creation. The talk will cover a combination of new fluid mechanical fundamentals in volcanic transport processes, inversion methods and their implications for volcanism in the deep oceans.

Convection is the main heat transport process in the liquid cores of planets and the primary energy source for planetary magnetic fields. These convective motions are thought to be turbulent and strongly constrained by rotation. In this talk, I will discuss the large-scale flows (zonal jets and vortices) that form in this rapidly-rotating turbulent regime, which we explore with numerical models.

In this talk, I will present a series of new experimental data, supported by theoretical models, of the transport of ash, aerosols and bubbles in multiphase plumes rising through stratified environments, focussing on the structure of flow and the dispersal of the different phases. The models have relevance for the dispersal of volcanic ash in the atmosphere and ocean, the mixing of aerosols in buildings, and the fate of suspended sediment produced during deep sea mining. 

The classical fractional crystallisation scenario for magma ocean solidification on the Moon suggests that its crust formed by flotation of light anorthite minerals on top of a liquid ocean, which has been used to explain the anorthositic composition of the lunar crust. However, this model points to rapid crustal formation over tens of million years and struggles to predict the age range of primitive ferroan anorthosites from 4.5 and 4.3 Ga. 

Here I will present a new paradigm of slushy magma ocean crystallisation in which crystals are suspended throughout the magma ocean, and the lunar crust forms by magmatic processes over several hundreds of thousand years.

We will then focus on the effects of the particular characteristics of this primary crust on the transport and eruption of magma on the Moon.

Snow densification and meltwater refreezing store water in alpine regions and transform snow into ice on the surface of glaciers. Despite their importance in determining snow-water equivalent and glacier-induced sea level rise, we still lack a complete understanding of the physical mechanisms underlying snow compaction and the infiltration of meltwater into snowpacks. Here we (i) analyze snow compaction experiments as a promising direction for determining the rheology of snow though its many stages of densification and (ii) solve for the motion of refreezing fronts and for the temperature increase due to the release of latent heat, which we compare to temperature observations from the Greenland Ice Sheet (Humphrey et al., 2012). In the first part, we derive a mixture theory for compaction and air flow through the porous snow (cf. Hewitt et al. 2016) to compare against laboratory data (Wang and Baker, 2013). We find that a plastic compaction law explains experimental results. Taking standard forms for the permeability and effective pressure as functions of the porosity, we show that this compaction mode persists for a range of densities and overburden loads (Meyer et al., 2020). We motivate the second part of the talk by the observed melting at high elevations on the Greenland Ice Sheet, which causes the refreezing layers that are observed in ice cores. Our analysis shows that as surface temperatures increase, the capacity for meltwater storage in snow decreases and surface runoff increases leading to sea level rise (Meyer and Hewitt, 2017). Together these studies provide a holistic picture for how snow changes through compaction and the role of meltwater percolation in altering the temperature and density structure of surface snow.