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In this paper we study utility maximization with proportional transaction costs. Assuming extended weak convergence of the underlying processes we prove the convergence of the corresponding utility maximization problems. Moreover, we…

Mathematical Finance · Quantitative Finance 2020-07-02 Erhan Bayraktar , Leonid Dolinskyi , Yan Dolinsky

We show how a rescaling of fractional operators with bounded kernels may help circumvent their documented deficiencies, for example, the inconsistency at zero or the lack of inverse integral operator. On the other hand, we build a novel…

Probability · Mathematics 2024-11-18 Marc Jornet

As early as the 1930s, P\'al Erd\H{o}s conjectured that: {\em for any multiplicative function $f:\mathbb{N}\to\{-1,1\}$, the partial sums $\sum_{n\leq x}f(n)$ are unbounded.} Considering this conjecture, in this paper we consider…

Number Theory · Mathematics 2011-08-26 Michael Coons

The 1961 Ellsberg paradox is typically seen as an empirical challenge to the subjective expected utility framework. Experiments based on Ellsberg's design have spawned a variety of new approaches, culminating in a new paradigm represented…

Theoretical Economics · Economics 2023-01-10 Christoph Kuzmics , Brian W. Rogers , Xiannong Zhang

We present a conclusive answer to Bertrand's paradox, a long standing open issue in the basic physical interpretation of probability. The paradox deals with the existence of mutually inconsistent results when looking for the probability…

Data Analysis, Statistics and Probability · Physics 2010-08-12 P. Di Porto , B. Crosignani , A. Ciattoni , H. C. Liu

Popper conceived an experiment whose analysis led to a result that he deemed absurd. Popper wrote that his reasoning was based on the Copenhagen interpretation and therefore invalidated the latter. Actually, Popper's argument involves…

Quantum Physics · Physics 2007-05-23 Asher Peres

Let $P(z)$ be a polynomial of degree $n$. In $2004$, Aziz and Rather \cite{aziz2004some} investigated the dependence of \[\bigg|P(Rz)-\alpha P(z)+\beta\biggl\{\biggl(\frac{R+1}{2}\biggr)^n-|\alpha|\biggr\}P(z)\bigg|, \ \text{for} \ z \in…

Complex Variables · Mathematics 2025-05-26 Deepak Kumar , D. Tripathi , Sunil Hans

The St. Petersburg paradox presents a longstanding challenge in decision theory: its classical expected value diverges, yet no correspondingly large finite stake is typically regarded as rational. Traditional responses introduce auxiliary…

Theoretical Economics · Economics 2026-04-14 Takashi Izumo

In this paper we investigate three unsolved conjectures in geometric combinatorics, namely Falconer's distance set conjecture, the dimension of Furstenburg sets, and Erdos's ring conjecture. We formulate natural $\delta$-discretized…

Classical Analysis and ODEs · Mathematics 2007-05-23 Nets Hawk Katz , Terence Tao

A draft of a paper by Mandelbaum, "The dynamic complementarity problem", was circulated in 1987, but has never been published. We give an exposition of two important results from that paper which are not readily accessible in the…

Probability · Mathematics 2024-07-02 Richard Bass

In 1902, P. St\"{a}ckel proved the existence of a transcendental function $f(z)$, analytic in a neighbourhood of the origin, and with the property that both $f(z)$ and its inverse function assume, in this neighbourhood, algebraic values at…

Number Theory · Mathematics 2015-10-22 Diego Marques , Carlos Gustavo Moreira

In this note it is shown that two key results on transcendental singularities for meromorphic functions of finite lower order have refinements which hold under the weaker hypothesis that the logarithmic derivative has finite lower order.

Complex Variables · Mathematics 2018-07-26 J. K. Langley

The EPR paradox dates back to 1935 when Einstein et al., through the use of non commuting operators, proposed that quantum mechanics was not complete in that it suggested a `spooky action at a distance.' Later in 1964 John Bell was able to…

Quantum Physics · Physics 2019-10-02 Paul O'Hara

In 1902, Paul St\"ackel constructed an analytic function $f(z)$ in a neighborhood of the origin, which was transcendental, and with the property that both $f(z)$ and its inverse, as well as its derivatives, assumed algebraic values at all…

Complex Variables · Mathematics 2024-04-10 Diego Alves

In this article we discuss the proof in the short unpublished paper appeared in the 3rd volume of Godel's Collected Works entitled "On undecidable sentences" (*1931?), which provides an introduction to Godel's 1931 ideas regarding the…

History and Overview · Mathematics 2026-01-06 Paola Cattabriga

The Einstein-Podolsky-Rosen (EPR) paradox was enunciated in 1935 and since then it has made a lot of ink flow. Being a subtle result, it has also been largely misunderstood. Indeed, if questioned about its solution, many physicists will…

Quantum Physics · Physics 2019-02-08 Massimiliano Sassoli de Bianchi

Very often traditional approaches studying dynamics of self-similarity processes are not able to give their quantitative characteristics at infinity and, as a consequence, use limits to overcome this difficulty. For example, it is well know…

General Mathematics · Mathematics 2015-06-04 Yaroslav D. Sergeyev

In this article we will propose a completely new point of view for solving one of the most important paradoxes concerning game theory. The solution develop shifts the focus from the result to the strategy s ability to operate in a cognitive…

General Finance · Quantitative Finance 2019-07-26 Andrea Berdondini

We prove a Lagrangian analogue of the Conley conjecture: given a 1-periodic Tonelli Lagrangian with global flow on a closed configuration space, the associated Euler-Lagrange system has infinitely many periodic solutions. More precisely, we…

Dynamical Systems · Mathematics 2010-12-07 Marco Mazzucchelli

Andrei Bely's novel "Petersburg," first published in 1913, was declared by Vladimir Nabokov one of the four greatest masterpieces of 20th-century prose. The Banach-Tarski Paradox, published in 1924, is one of the most striking and…

History and Overview · Mathematics 2017-10-17 Noah Giansiracusa , Anastasia Vasilyeva