Related papers: Robbed withdrawal
This paper has been withdrawn by the author, due to a crucial error in the proof of Lemma 3.1.
In this article, we demonstrate that the claim made by Xiaoyan Li and Ni Sun \cite{bib 1} regarding the incorrectness of Theorem 7 in the paper \cite{bib 2} is wrong, and show that this Theorem is based on the integral with respect to…
Fix an irrational number $\alpha$, and consider a random walk on the circle in which at each step one moves to $x+\alpha$ or $x-\alpha$ with probabilities $1/2, 1/2$ provided the current position is $x$. If an observable is given we can…
Our earlier publications showed semantic tableau admits partial exceptions to the Second Incompleteness Theorem where a formalism recognizes its self consistency and views multiplication as a 3-way relation (rather than as a total…
Coin-flipping is a fundamental task in two-party cryptography where two remote mistrustful parties wish to generate a shared uniformly random bit. While quantum protocols promising near-perfect security exist for weak coin-flipping -- when…
This paper has been withdrawn by the author. The statement of the Main Theorem but is wrong in general, there have been provided counterexamples. The main theorem only holds conditionally, under the finiteness statement of theorem 2.8.
We construct a model of an exchange economy in which agents trade assets contingent on an observable signal, the probability of which depends on public opinion. The agents in our model are replaced occasionally and each person updates…
Certain renewal theorems are extended to the case that the rate of the renewal process goes to 0 and, more generally, to the case that the drift of the random walk goes to infinity. These extensions are motivated by and applied to the…
This paper has been withdrawn. See v1 still available to understand the problem: Proposition 2.2 is false. The error in the proof is in claim (3). Then, the whole paper collapses. We do not have any correction for now. We apologize to…
Decentralized Exchanges (DEXs) are one of the most important infrastructures in the world of Decentralized Finance (DeFi) and are generally considered more reliable than centralized exchanges (CEXs). However, some well-known decentralized…
We investigate the problem of wealth distribution from the viewpoint of asset exchange. Robust nature of Pareto's law across economies, ideologies and nations suggests that this could be an outcome of trading strategies. However, the simple…
In this article, I will present a paradox whose purpose is to draw your attention to an important topic in finance, concerning the non-independence of the financial returns (non-ergodic hypothesis). In this paradox, we have two people…
The Fluctuation Theorem (FT) gives an analytic expression for the probability, in a nonequilibrium system of finite size observed for a finite time, that the dissipative flux will flow in the reverse direction to that required by the Second…
We propose a mathematically rigorous framework for identifying and completing Coincidence of Wants (CoW) cycles in decentralized exchange (DEX) aggregators. Unlike existing auction based systems such as CoWSwap, our approach introduces an…
Random multiplicative processes $w_t =\lambda_1 \lambda_2 ... \lambda_t$ (with < \lambda_j > 0 ) lead, in the presence of a boundary constraint, to a distribution $P(w_t)$ in the form of a power law $w_t^{-(1+\mu)}$. We provide a simple and…
Some practical results are derived for population inference based on a sample, under the two qualitative conditions of 'ignorability' and exchangeability. These are the 'Histogram Theorem', for predicting the outcome of a non-sampled member…
The drift burst hypothesis postulates the existence of short-lived locally explosive trends in the price paths of financial assets. The recent U.S. equity and treasury flash crashes can be viewed as two high-profile manifestations of such…
Ethereum contracts can be designed to function as fully decentralized applications called DAPPs. Many DAPPs have already been fielded, including an online marketplace, a role playing game, a prediction market, and an Internet service…
The weak axiom of revealed preference (WARP) ensures that the revealed preference (i) is a preference relation (i.e., it is complete and transitive) and (ii) rationalizes the choices. However, when WARP fails, either one of these two…
The volatility characterizes the amplitude of price return fluctuations. It is a central magnitude in finance closely related to the risk of holding a certain asset. Despite its popularity on trading floors, the volatility is unobservable…