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We build a model of a financial market where a large number of firms determine their dynamic emission strategies under climate transition risk in the presence of both environmentally concerned and neutral investors. The firms aim to achieve a trade-off between financial and environmental performance, while interacting through the stochastic discount factor, determined in equilibrium by the investors' allocations. We formalize the problem in the setting of mean-field games and prove the existence and uniqueness of a Nash equilibrium for firms. We then present a convergent numerical algorithm for computing this equilibrium and illustrate the impact of climate transition risk and the presence of environmentally concerned investors on the market decarbonization dynamics and share prices. We show that uncertainty about future climate risks and policies leads to higher overall emissions and higher spreads between share prices of green and brown companies. This effect is partially reversed in the presence of environmentally concerned investors, whose impact on the cost of capital spurs companies to reduce emissions. However, if future climate policies are uncertain, even a large fraction of environmentally concerned investors is unable to bring down the emission curve: clear and predictable climate policies are an essential ingredient to allow green investors to decarbonize the economy.

Joint work with Pierre Lavigne

I’m excited to share with everyone some new, unpublished work that we are just in the process of wrapping up and could use everyone’s reactions. It is a reconciliation of evolutionary game theory and ecological dynamics that I have wrestled with since I moved from an evolution program into an ecology-heavy department. It always seemed like, depending on the problem I was thinking about, I had to change my perspective and approach it as either an evolutionary game theorist, or an ecologist; and yet I had this nagging feeling that, at its core, the problem was often one and the same, and therefore one theoretical framework should suffice. So when should one write down an n-type replicator equation and when should one write down an n-species Lotka-Volterra system; and what does it mean mathematically and biologically when one has made such a choice? In the process of reconciling, I also got a deeper appreciation of what is and is not a proper game, such as a Prisoner’s Dilemma. These findings can help shed light on previously puzzling empirical findings.

A growing plant is a fascinating system involving multiple fields. Biologically, it is a multi-cellular system controlled by bio-chemical networks. Physically, it is an example of an "active solid" whose element (cells) are active, performing mechanical work to drive the evolving geometry. Computationally, it is a distributed system, processing a multitude of local inputs into a coordinated developmental response. In this talk I will discuss how plants, a living information-processing organism, uses physical laws and biological mechanisms to alter its own shape, and negotiate its environment. Here I will focus on two examples reflecting the computational and mechanical aspects: (i) probing temporal integration in gravitropic responses reveals plants sum and subtract signals, (ii) the interplay between active growth-driven processes and passive mechanics.

We propose a unified theory of brain function called ‘Thermodynamics of Mind’ which provides a natural, parsimonious way to explain the underlying computational mechanisms. The theory uses tools from non-equilibrium thermodynamics to describe the hierarchical dynamics of brain states over time. Crucially, the theory combines correlative (model-free) measures with causal generative models to provide solid causal inference for the underlying brain mechanisms. The model-based framework is a powerful way to use regional neural dynamics within the hierarchical anatomical brain connectivity to understand the underlying mechanisms for shaping the temporal unfolding of whole-brain dynamics in brain states. As such this model-based framework fitted to empirical data can be exhaustively investigated to provide objectively strong causal evidence of the underlying brain mechanisms orchestrating brain states. 

My group is developing a roadmap to replace bulky electric motors in miniature robots requiring large mechanical work output.

First, I will describe the mechanics of coiled muscles made by twisting nylon fishing lines, and how these actuators use internal strain energy to achieve a “record breaking” performance. Then I will describe intriguing hierarchical super-, and hyper-coiled artificial muscles which exploit the interplay between nonlinear mechanics and material microstructure. Next, I will describe their use to actuate the dynamic snapping of insect-scale jumping robots. The combination of strong but slow muscles with a fast-snapping beam gives rise to dynamic buckling cascade phenomena leading to effective robotic jumping mechanisms.

These examples shed light on the future of automation propelled by new bioinspired materials, nonlinear mechanics, and unusual manufacturing processes.

In her recent work, Mina Aganagic proposed novel perspectives on computing knot homologies associated with any simple Lie algebra. One of her proposals relies on counting intersection points between Lagrangians in Landau-Ginsburg models on symmetric powers of Riemann surfaces. In my talk, I am going to present a concrete algebraic algorithm for finding such intersection points, turning the proposal into an actual calculational tool. I am going to illustrate the construction on the example of the sl_2 invariant for the Hopf link. I am also going to comment on the extension of the story to homological invariants associated to gl(m|n) super Lie algebras, solving this long-standing problem. The talk is based on our work in progress with Mina Aganagic and Elise LePage.

5d Superconformal Field Theories (SCFTs) are intrinsically strongly-coupled UV fixed points, whose realization hinges on string theoretic methods: they can be constructed by compactifying M-theory on local Calabi-Yau threefold singularities or alternatively from the world-volume of 5-brane-webs in type IIB string theory. There is a correspondence between 5-brane-webs and toric Calabi-Yau threefolds, however this breaks down when multiple 5-branes are allowed to end on a single 7-brane. In this talk, we extend this connection and provide a geometric realization of brane configurations including 7-branes. Along the way, we also review techniques developed in the past few years to describe the Higgs branch of these 5d SCFTs, including magnetic quivers and Hasse diagram for symplectic singularities. 

I will present results from arXiv:2202.13924, where we studied the difference between integrable and chaotic motion in quantum theory as manifested by the complexity of the corresponding evolution operators. The notion of complexity of interest to us will be Nielsen’s complexity applied to the time-dependent evolution operator of the quantum systems. I will review Nielsen’s complexity, discuss the difficulties associated with this definition and introduce a simplified approach which appears to retain non-trivial information about the integrable properties of the dynamical systems.