Related papers: Echo disappears: momentum term structure and cycli…
We study the possibility to undo the quantum mechanical evolution in a time reversal experiment. The naive expectation, as reflected in the common terminology ("Loschmidt echo"), is that maximum compensation results if the reversed dynamics…
This paper examines customer momentum, defined as a positive relationship between a firm's returns and past returns of its customers. I confirm previous evidence (Cohen and Frazzini 2008) that customer momentum is both statistically and…
Echoes arise when external manipulations to a system induce a reversal of its time evolution that leads to a more or less perfect recovery of the initial state. We discuss the accuracy with which a cloud of trajectories returns to the…
Echo protocols provide a means to investigate the arrow of time in macroscopic processes. Starting from a nonequilibrium state, the many-body quantum system under study is evolved for a certain period of time $\tau$. Thereafter, an…
This paper proposes a theory of stock market predictability patterns based on a model of heterogeneous beliefs. In a discrete finite time framework, some agents receive news about an asset's fundamental value through a noisy signal. The…
Low energy collective mode of a confined Bose-Einstein condensate should demonstrate the echo effect in the regime of Landau damping. This echo is a signature of reversible nature of Landau damping. General expression for the echo profile…
An effective description of an initial state is a method for representing the signatures of new physics in the short-distance structure of a quantum state. The expectation value of the energy-momentum tensor for a field in such a state…
We propose that the backbending phenomenon can be explained as a result of the disappearance of collective $gamma$-vibrational mode in the rotating frame. Using a cranking+random phase approximation approach for the modified Nilsson…
Damping typically results in attenuation of vibrations and elastic wave propagation in mechanical systems. Contrary to this conventional understanding, we demonstrate experimentally and explain theoretically the revival of an elastic wave…
When waves damp or amplify on resonant particles in a plasma, the nonresonant particles experience a recoil force that conserves the total momentum between the particles and electromagnetic fields. This force is important to understand, as…
Detailed fluctuation theorems are statements about the probability distribution for the stochastic entropy production along a trajectory. It involves the consideration of a suitably transformed dynamics, such as the time reversed, the…
We present two statistical causes for the distortion of correlations on high-frequency financial data. We demonstrate that the asynchrony of trades as well as the decimalization of stock prices has a large impact on the decline of the…
Electric signals have been recently recorded at the Earth's surface with amplitudes appreciably larger than those hitherto reported. Their entropy in natural time is smaller than that, $S_u$, of a ``uniform'' distribution. The same holds…
Recent advances in nonequilibrium statistical mechanics shed new light on the ratchet effect. The ratchet motion can thus be understood in terms of symmetry (breaking) considerations. We introduce an additional symmetry operation besides…
Cross-sectional dispersion in firm-level realized skewness is significantly and negatively related to future stock market returns. The predictive power of skewness dispersion is robust to in-sample and out-of-sample estimation and is…
The Epps effect, the decrease of correlations between stock returns for short time windows, was traced back to the trading asynchronicity and to the occasional lead-lag relation between the prices. We study pairs of stocks where the latter…
Time-reversal symmetry suppresses electron backscattering in a quantum-spin-Hall edge, yielding quantized conductance at zero temperature. Understanding the dominant corrections in finite-temperature experiments remains an unsettled issue.…
I give a highly selective overview of the way statistical mechanics explains the microscopic origins of the time asymmetric evolution of macroscopic systems towards equilibrium and of first order phase transitions in equilibrium. These…
The origin of electromagnetic momentum for general static charge-current distributions is examined. The electromagnetic momentum for static electromagnetic fields is derived by implementing conservation of momentum for the sum of mechanical…
The emergence of a direction of time in statistical mechanics from an underlying time-reversal-invariant dynamics is explained by examining a simple model. The manner in which time-reversal symmetry is preserved and the role of initial…