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A Portrait of State-of-the-Art Research at the Technical by Paulo P. Freitas, Hugo A. Ferreira, Filipe Cardoso, Susana

By Paulo P. Freitas, Hugo A. Ferreira, Filipe Cardoso, Susana Cardoso, Ricardo Ferreira (auth.), Manuel Seabra Pereira (eds.)

The Technical collage of Lisbon (UTL) is celebrating this yr its seventy fifth anniversary. Being a jubilee party, an entire application of occasions came about, together with a two-day Symposium at the examine at UTL. This Symposium addressed the state-of-art in significant components of excellence at UTL. technology, expertise and innovation and how universities and society as a rule, create, use and disseminate wisdom have won a starting to be signi?cance during the last a long time. UTL without doubt embeds a proper strength of excellence in several parts of study in easy and technologies, which bears its improvement at the foundation of a “research collage” version. This publication comprises the edited model of the invited lectures that have been added by way of favorite researchers at UTL. This publication brings jointly in a evaluation demeanour a complete precis of top quality examine contri- tions throughout easy and technologies. The contributing papers are geared up round the following significant parts: – Emergent parts (Nanosciences, Quantic Computations and Infor- tion, threat and Volatility in monetary Markets); – simple Sciences (Mathematics, Physics, Chemistry and Materials); – Social Sciences, Economics and administration Sciences; – existence Sciences and Biotechnology; – Engineering and applied sciences – Nature, atmosphere and Sustainability; – Public wellbeing and fitness, nutrients caliber and defense; – well-being and recreation Sciences; – Urbanism, Transports, structure, Arts and layout. The transdisciplinary nature of so much parts goals to emphasize a compelling feel of objective within the paintings developed.

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The second (well known) fact is that the volatility of interest rates is mainly level dependent and highly persistent. The higher (lower) the interest rate is the higher (lower) the volatility. The volatility persistence can thus be partially attributed to the level of persistence of the interest rate. The hypothesis of CHLS is interesting since volatility-induced stationarity can explain martingale behaviour (fact one), level volatility persistence (fact two), and mean-reversion. N 0 ,1 401 501 601 701 801 (16) 901 Figure 3.

Since X is not observable. Parametric and semi-parametric estimation of integrated diffusions is analyzed in Gloter [15, 16] and Ditlevsen and Sørensen [12]. In Nicolau [23] it is supposed that both infinitesimal coefficients a and b , are unknown. Non-parametric estimators for the infinitesimal coefficients a and b are proposed. The analysis reveals that the standard estimators based on the sample ~ X i' ,i 1,2 ,... are inconsistent even if we allow the step of discretization ' to go to zero asymptotically.

And, despite the fact that one of the most important scientific revolutions of the early 20th century was the understanding and control over atoms and their constituents, only in the last couple of decades did the idea to encode information directly in quantum systems, such as atoms, electrons or photons, emerge. This led to a new type of information and a new area of science: quantum information. By the middle of the 20th century all the ingredients necessary to consider this new type of information were available: Claude Shannon proposed (classical) information theory in 1948 [68] and quantum mechanics was an established and successful theory since at least the 30’s.

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