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We derive an upper bound for the expected gain of informed traders in the Glosten-Milgrom model with finite horizon, fully analogous to a generalized second law of thermodynamics. This result extends that obtained by Touzo et al. a couple…

Trading and Market Microstructure · Quantitative Finance 2022-10-03 Pierre Carmier

We discuss inertial effects in systems outside equilibrium within the framework of non-equilibrium thermodynamics. By introducing a Gibbs equation in which the entropy depends on the probability density, we are able to describe a system of…

Statistical Mechanics · Physics 2015-06-25 J. M. Rubi , A. Perez-Madrid

We introduce the multiplicative Ising model and prove basic properties of its thermodynamic formalism such as existence of pressure and entropies. We generalize to one-dimensional "layer-unique" Gibbs measures for which the same results can…

Probability · Mathematics 2014-01-30 J. -R. Chazottes , F. Redig

Clausius' statement of the second law of thermodynamics reads: Heat will flow spontaneously from a hot to cold reservoir. This statement should hold for transport of energy through a quantum network composed of small subsystems each coupled…

Quantum Physics · Physics 2015-04-17 Amikam Levy , Ronnie Kosloff

We analyze an autonomous micro-engine as a closed quantum mechanical system, including the work it performs and the fuel it consumes. Our model system shows by example that it is possible to transfer energy steadily and spontaneously…

Statistical Mechanics · Physics 2013-04-12 Lukas Gilz , Eike P. Thesing , James R. Anglin

As the dimensions of physical systems approach the nanoscale, the laws of thermodynamics must be reconsidered due to the increased importance of fluctuations and quantum effects. While the statistical mechanics of small classical systems is…

Quantum Physics · Physics 2014-12-11 S. Gasparinetti , P. Solinas , A. Braggio , M. Sassetti

In purely non-dissipative systems, Lagrangian and Hamiltonian reduction have proven to be powerful tools for deriving physical models with exact conservation laws. We have discovered a hint that an analogous reduction method exists also for…

Plasma Physics · Physics 2020-08-19 Eero Hirvijoki , Joshua W. Burby

Starting from a classical thermodynamic approach, we derive rate-type equations to describe the behavior of heat flow in deformable media. Constitutive equations are defined in the material (Lagrangian) description where the standard time…

Mathematical Physics · Physics 2024-02-02 Claudio Giorgi , Angelo Morro , Federico Zullo

A linear-time algorithm is presented for the construction of the Gibbs distribution of configurations in the Ising model, on a quantum computer. The algorithm is designed so that each run provides one configuration with a quantum…

Quantum Physics · Physics 2009-10-30 Daniel A. Lidar , Ofer Biham

L1-ball-type priors are a recent generalization of the spike-and-slab priors. By transforming a continuous precursor distribution to the L1-ball boundary, it induces exact zeros with positive prior and posterior probabilities. With great…

Methodology · Statistics 2026-05-05 Yu Zheng , Leo L. Duan

For a thought experiment concerning the mixing of two classical gases, Gibbs concluded that the work that can be extracted from mixing is determined by whether or not the gases can be distinguished by a semi-permeable membrane; that is, the…

Quantum Physics · Physics 2020-11-19 Zoë Holmes , Florian Mintert , Janet Anders

For binary mixtures of fluids without chemical reactions, but with components having different temperatures, the Hamilton principle of least action is able to produce the equation of motion for each component and a balance equation of the…

Mathematical Physics · Physics 2009-05-05 Henri Gouin , Tommaso Ruggeri

We study the coarse-graining approach to derive a generator for the evolution of an open quantum system over a finite time interval. The approach does not require a secular approximation but nevertheless generally leads to a…

Statistical Mechanics · Physics 2020-05-08 Gernot Schaller , Julian Ablaßmayer

We develop a new Gibbs sampler for a linear mixed model with a Dirichlet process random effect term, which is easily extended to a generalized linear mixed model with a probit link function. Our Gibbs sampler exploits the properties of the…

Statistics Theory · Mathematics 2010-02-26 Minjung Kyung , Jeff Gill , George Casella

Gibbs sampling methods are standard tools to perform posterior inference for mixture models. These have been broadly classified into two categories: marginal and conditional methods. While conditional samplers are more widely applicable…

Methodology · Statistics 2023-02-21 Pierpaolo De Blasi , María F. Gil-Leyva

Here, we adapt the concept of transformational thermodynamics, whereby the flux of temperature is controlled via anisotropic heterogeneous diffusivity, for the diffusion and transport of mass concentration. The n-dimensional,…

Biological Physics · Physics 2013-02-01 Sebastien Guenneau , Tania Puvirajesinghe

The role of thermodynamics in continuum mechanics and the derivation of the proper constitutive relations is a discussed subject of Rational Mechanics. The classical literature did not use the accumulated knowledge of thermostatics and was…

Statistical Mechanics · Physics 2020-09-02 Peter Ván

Gibbs sampling is fundamental to a wide range of computer algorithms. Such algorithms are set to be replaced by physics based processors$-$be it quantum or stochastic annealing devices$-$which embed problem instances and evolve a physical…

Quantum Physics · Physics 2019-06-27 H. Philathong , V. Akshay , I. Zacharov , J. Biamonte

Using the Hamilton-Jacobi method, we solve chemical Fokker-Planck equations within the Gaussian approximation and obtain a simple and compact formula for a conditional probability distribution. The formula holds in general transient…

Statistical Mechanics · Physics 2015-06-17 Hiizu Nakanishi , Takahiro Sakaue , Jun'ichi Wakou

Projective measurements of a single two-level quantum mechanical system (a qubit) evolving under a time-independent Hamiltonian produce a probability distribution that is periodic in the evolution time. The period of this distribution is an…

Quantum Physics · Physics 2012-06-05 Christopher Ferrie , Christopher E. Granade , D. G. Cory