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| We are all familiar with conventional lasers, where light is confined between two mirrors defining laser cavity modes and laser frequency. The light is trapped long enough for amplification by a gain medium (atomic vapor, solid, or dye) to be efficient. These lasers are in our CD and DVD ROMs and players, bar code readers, and the head stations that light up optical fiber. |
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| Posted by Giordano Beretta or Nathan Moroney on Wednesday, May 14, 2008 at 1:03:00 PM |
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| In traditional economic models of decision-making, the most important determinant of individual well-being is the absolute level of income. A recent study based on brain activity observed using functional magnetic resonance imaging (fMRI) proves these models wrong. Indeed, social comparison affects individuals' subjective well-being, and thus behavior. |
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| Posted by Giordano Beretta or Nathan Moroney on Monday, December 10, 2007 at 5:18:00 PM |
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As mortgage investments are in crisis, I'll offer you my second mini review in the 301.7—terrorism @ home series, because you indicated in my post on risk management that all that is necessary is to understand the risks and hedge against them. Today's book among others briefly discusses the Savings & Loans crisis and what you learn from that may help you develop a proper risk management strategy for the current crisis, which has many similarities. |
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| Posted by Giordano Beretta or Nathan Moroney on Wednesday, August 22, 2007 at 5:40:00 PM |
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If you saw the news on Japanese TV yesterday, the top story was the Bull-Dog Sauce take-over and specifically the morality of the High Court decision in this matter. It just so happens that the latest Science issue has a paper on a new model of collective action showing how socially beneficial punishment can arise and evolve. Color science relies heavily on mathematical models, so this is an interesting case for us. |
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| Posted by Giordano Beretta or Nathan Moroney on Tuesday, July 10, 2007 at 1:07:00 PM |
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| Prospect theory, a behavioral model of decision making under risk and uncertainty, explains risk aversion for mixed (gain/loss) gambles using the concept of loss aversion: People are more sensitive to the possibility of losing money than they are to gaining the same amounts of money; the subjective impact of losses is roughly twice that of gains. In a recent Science article a team from UCLA shows how neuroimaging can be used to directly rest predictions from behavioral theories. |
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| Posted by Giordano Beretta or Nathan Moroney on Monday, February 05, 2007 at 6:31:00 PM |
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