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ETFs Prove Their Worth in Turbulent Times / Eric Leupold, Managing Director / Head of Cash Market, Deutsche Börse AG
Is Human-AI Advice Better than Human or AI Advice? / Cathy Liu Yang, Kevin Bauer, Xitong Li, Oliver Hinz
What Does Your Personality Reveal about Your Financial Behavior? Evidence from a FinTech Experiment / Andreas Hackethal, Fabian Nemeczek, Jan Radermacher
“MiCA” – Regulating the European Markets in Crypto-Assets / Dr. Stefan Berger, Member of the European Parliament, Committee on Economic and Monetary Affairs
News of the efl
SAFE Update April 2023
(2023)
SAFE Update February 2023
(2023)
SAFE Update October 2022
(2022)
SAFE Update December 2022
(2022)
IAD annual report 2004
(2004)
IAD annual report 2003
(2003)
Die wirtschaftlichen und rechtlichen Grenzen der Notenbanken oder die Zukunft der Zentralbanken waren zwei große Themen, die im vergangenen Jahr im Fokus des IMFS standen. Einen Überblick über alle Aktivitäten und Publikationen des IMFS im Jahr 2013 gibt der Jahresbericht 2013, der jetzt in der Download-Version erschienen ist. Der Jahresbericht umfasst 58 Seiten und ist nur auf Englisch erhältlich.
Measurement of ϒ(1S) elliptic flow at forward rapidity in Pb-Pb collisions at √sNN = 5.02 TeV
(2019)
The first measurement of the ϒ(1S) elliptic flow coefficient (v2) is performed at forward rapidity (2.5 < y < 4) in Pb–Pb collisions at √sNN = 5.02 TeV with the ALICE detector at the LHC. The results are obtained with the scalar product method and are reported as a function of transverse momentum (pT) up to 15 GeV/c in the 5%–60% centrality interval. The measured Υ(1S)v2 is consistent with 0 and with the small positive values predicted by transport models within uncertainties. The v2 coefficient in 2 < pT < 15 GeV/c is lower than that of inclusive J/ψ mesons in the same pT interval by 2.6 standard deviations. These results, combined with earlier suppression measurements, are in agreement with a scenario in which the Υ(1S) production in Pb–Pb collisions at LHC energies is dominated by dissociation limited to the early stage of the collision, whereas in the J/ψ case there is substantial experimental evidence of an additional regeneration component.
An invariant differential cross section measurement of inclusive π0 and η meson production at mid-rapidity in pp collisions at s√=8 TeV was carried out by the ALICE experiment at the LHC. The spectra of π0 and η mesons were measured in transverse momentum ranges of 0.3<p T <35 GeV/c and 0.5<p T <35 GeV/c , respectively. Next-to-leading order perturbative QCD calculations using fragmentation functions DSS14 for the π0 and AESSS for the η overestimate the cross sections of both neutral mesons, although such calculations agree with the measured η/π0 ratio within uncertainties. The results were also compared with PYTHIA 8.2 predictions for which the Monash 2013 tune yields the best agreement with the measured neutral meson spectra. The measurements confirm a universal behavior of the η/π0 ratio seen for NA27, PHENIX and ALICE data for pp collisions from s√=27.5 GeV to s√=8 TeV within experimental uncertainties. A relation between the π0 and η production cross sections for pp collisions at s√=8 TeV is given by m T scaling for p T >3.5 GeV/c . However, a deviation from this empirical scaling rule is observed for transverse momenta below p T <3.5 GeV/c in the η/π0 ratio with a significance of 6.2σ.
This publication aims to provide an overview on how digitalisation of communication results in societal trends such as an “always-on” culture, “shitstorms”, “fake news” and their effects on schools, media, non-governmental organisations, work and sports.
Table of Contents
Christian Reuter, Tanjev Schultz, Christian Stegbauer: Digitalisation and Communication: Societal Trends and the Change in Organisations — Preface
Daniel Lambach: Digital World and Real World – Opposites no more
Leonard Reinecke: Brave New Smartphone World? Psychological Wellbeing between Digital Autonomy and Constant Connectedness
Christian Reuter: Fake News and the Manipulation of Public Opinion
Christian Stegbauer: Tantrums on a Massive Scale, or: Could Anybody be a Victim of Social Media Outrage?
Volker Schaeffer: “We Have Always Been Living in Bubbles” The Opportunities and Risks in the Digitalisation of Media
Angela Menig, Verena Zimmermann, Joachim Vogt: Digital Transformation of the Workplace – Risk or Opportunity?
Stefan Aufenanger, Jasmin Bastian: Digital Technology in Schools
Angelika Böhling: Development Assistance Goes Digital - The Opportunities and Challenges Non-Governmental Organisations Face in Digital Communication
Josef Wiemeyer: Digital Interaction and Communication in Sports
Contents:
Yuki Chiba, Santiago Escobar, Naoki Nishida, and David Sabel, and Manfred Schmidt-Schauß : Preface:
The Collection of all Abstracts of the Talks at WPTE 2015 xi
Brigitte Pientka : Mechanizing Meta-Theory in Beluga
Giulio Guerrieri : Head reduction and normalization in a call-by-value lambda-calculus
Adrián Palacios and Germán Vidal : Towards Modelling Actor-Based Concurrency in Term Rewriting
David Sabel and Manfred Schmidt-Schauß : Observing Success in the Pi-Calculus
Sjaak Smetsers, Ken Madlener, and Marko van Eekelen : Formalizing Bialgebraic Semantics in PVS 6.0
The most precise measurements to date of the 3ΛH lifetime τ and Λ separation energy BΛ are obtained using the data sample of Pb-Pb collisions at √sNN = 5.02 TeV collected by ALICE at the LHC. The 3ΛH is reconstructed via its charged two-body mesonic decay channel (3ΛH→ 3He + π− and the charge-conjugate process). The measured values τ=[253±11 (stat.)±6 (syst.)] ps and BΛ=[72±63 (stat.)±36 (syst.)] keV are compatible with predictions from effective field theories and conclusively confirm that the 3ΛH is a weakly-bound system.
The most precise measurements to date of the 3ΛH lifetime τ and Λ separation energy BΛ are obtained using the data sample of Pb-Pb collisions at √sNN = 5.02 TeV collected by ALICE at the LHC. The 3ΛH is reconstructed via its charged two-body mesonic decay channel (3ΛH→ 3He + π− and the charge-conjugate process). The measured values τ=[253±11 (stat.)±6 (syst.)] ps and BΛ=[72±63 (stat.)±35 (syst.)] keV are compatible with predictions from effective field theories and conclusively confirm that the 3ΛH is a weakly-bound system.
The production of inclusive, prompt and non-prompt J/ψ was studied for the first time at midrapidity (−1.37<ycms<0.43) in p−Pb collisions at sNN−−−√=8.16 TeV with the ALICE detector at the LHC. The inclusive J/ψ mesons were reconstructed in the dielectron decay channel in the transverse momentum (pT) interval 0<pT<14 GeV/c and the prompt and non-prompt contributions were separated on a statistical basis for pT>2 GeV/c. The study of the J/ψ mesons in the dielectron channel used for the first time in ALICE online single-electron triggers from the Transition Radiation Detector, providing a data sample corresponding to an integrated luminosity of 689±13μb−1. The proton−proton reference cross section for inclusive J/ψ was obtained based on interpolations of measured data at different centre-of-mass energies and a universal function describing the pT-differential J/ψ production cross sections. The pT-differential nuclear modification factors RpPb of inclusive, prompt, and non-prompt J/ψ are consistent with unity and described by theoretical models implementing only nuclear shadowing.
An excess of J/ψ yield at very low transverse momentum (pT<0.3 GeV/c), originating from coherent photoproduction, is observed in peripheral and semicentral hadronic Pb−Pb collisions at a center-of-mass energy per nucleon pair of √sNN=5.02 TeV. The measurement is performed with the ALICE detector via the dimuon decay channel at forward rapidity (2.5<y<4). The nuclear modification factor at very low pT and the coherent photoproduction cross section are measured as a function of centrality down to the 10% most central collisions. These results extend the previous study at √sNN=2.76 TeV, confirming the clear excess over hadronic production in the pT range 0−0.3 GeV/c and the centrality range 70−90%, and establishing an excess with a significance greater than 5σ also in the 50−70% and 30−50% centrality ranges. The results are compared with earlier measurements at √sNN=2.76 TeV and with different theoretical predictions aiming at describing how coherent photoproduction occurs in hadronic interactions with nuclear overlap.
SAFE Update December 2023
(2023)
Jacob Hetzel : But This Time It’s Different – the Rise of the Retail Investor
Carsten Binnig, Muhammad El-Hindi, Simon Karrer, Benedikt Völker : TRUSTDBLE: Towards a New Class of DBMSs for Data Sharing
Simeng Han, Alexander Hillert, Bernd Skiera : Digital Embracement of Firms: Measurement, Antecedents, and Financial Consequences
Interview with Christina Sell : The Role of ESG Data in the Sustainable Transformation of the Real Economy
The polarization of Λ and Λ¯ hyperons along the beam direction has been measured relative to the second and third harmonic event planes in isobar Ru+Ru and Zr+Zr collisions at sNN−−−−√ = 200 GeV. The second harmonic results follow the emission angle dependence as expected due to elliptic flow, similar to that observed in Au+Au collisions. The polarization relative to the third harmonic event plane, measured for the first time, deviates from zero with 4.8σ significance in 20-60\% centrality for 1.1<pT<6.0 GeV/c and exhibits a similar dependence on the emission angle. These results indicate the formation of a complex vortical structure in the system that follows higher harmonic anisotropic flow originating from the initial density fluctuations. The amplitudes of the sine modulation for the second and third harmonic results are comparable in magnitude, increase from central to peripheral collisions, and show a mild pT dependence. While the centrality dependence, except in peripheral collisions, is qualitatively consistent with hydrodynamic model calculations including thermal vorticity and shear contributions, the shape of the pT dependence is very different. Comparison to previous measurements at RHIC and the LHC for the second-order harmonic results shows little dependence on the collision system size and collision energy.
The production of electrons from heavy-flavour hadron decays was measured as a function of transverse momentum (pT) in minimum-bias p–Pb collisions at sNN=5.02 TeV using the ALICE detector at the LHC. The measurement covers the pT interval 0.5<pT<12 GeV/c and the rapidity range −1.065<ycms<0.135 in the centre-of-mass reference frame. The contribution of electrons from background sources was subtracted using an invariant mass approach. The nuclear modification factor RpPb was calculated by comparing the pT-differential invariant cross section in p–Pb collisions to a pp reference at the same centre-of-mass energy, which was obtained by interpolating measurements at s=2.76 TeV and s=7 TeV. The RpPb is consistent with unity within uncertainties of about 25%, which become larger for pT below 1 GeV/c. The measurement shows that heavy-flavour production is consistent with binary scaling, so that a suppression in the high-pT yield in Pb–Pb collisions has to be attributed to effects induced by the hot medium produced in the final state. The data in p–Pb collisions are described by recent model calculations that include cold nuclear matter effects.
SAFE Update February 2024
(2024)
This volume comprises papers that were given at the workshop Information Structure and the Referential Status of Linguistic Expressions, which we organized during the Deutsche Gesellschaft für Sprachwissenschaft (DGfS) Conference in Leipzig in February 2001. At this workshop we discussed the connection between information structure and the referential interpretation of linguistic expressions, a topic mostly neglected in current linguistics research. One common aim of the papers is to find out to what extent the focus-background as well as the topic-comment structuring determine the referential interpretation of simple arguments like definite and indefinite NPs on the one hand and sentences on the other.
The transverse-momentum (pT) spectra and coalescence parameters B2 of (anti)deuterons are measured in pp collisions at s√=13 TeV in and out of jets. In this measurement, the direction of the leading particle with the highest pT in the event (pleadT>5 GeV/c) is used as an approximation for the jet axis. The event is consequently divided into three azimuthal regions and the jet signal is obtained as the difference between the Toward region, that contains jet fragmentation products in addition to the underlying event (UE), and the Transverse region, which is dominated by the UE. The coalescence parameter in the jet is found to be approximately a factor of 10 larger than that in the underlying event. This experimental observation is consistent with the coalescence picture and can be attributed to the smaller average phase-space distance between nucleons inside the jet cone as compared to the underlying event. The results presented in this Letter are compared to predictions from a simple nucleon coalescence model, where the phase space distributions of nucleons are generated using PYTHIA 8 with the Monash 2013 tuning, and to predictions from a deuteron production model based on ordinary nuclear reactions with parametrized energy-dependent cross sections tuned on data. The latter model is implemented in PYTHIA 8.3. Both models reproduce the observed large difference between in-jet and out-of-jet coalescence parameters.
We report about the properties of the underlying event measured with ALICE at the LHC in pp and p−Pb collisions at sNN−−−√=5.02 TeV. The event activity, quantified by charged-particle number and summed-pT densities, is measured as a function of the leading-particle transverse momentum (ptrigT). These quantities are studied in three azimuthal-angle regions relative to the leading particle in the event: toward, away, and transverse. Results are presented for three different pT thresholds (0.15, 0.5, and 1 GeV/c) at mid-pseudorapidity (|η|<0.8). The event activity in the transverse region, which is the most sensitive to the underlying event, exhibits similar behaviour in both pp and p−Pb collisions, namely, a steep increase with ptrigT for low ptrigT, followed by a saturation at ptrigT≈5 GeV/c. The results from pp collisions are compared with existing measurements at other centre-of-mass energies. The quantities in the toward and away regions are also analyzed after the subtraction of the contribution measured in the transverse region. The remaining jet-like particle densities are consistent in pp and p−Pb collisions for ptrigT>10 GeV/c, whereas for lower ptrigT values the event activity is slightly higher in p−Pb than in pp collisions. The measurements are compared with predictions from the PYTHIA 8 and EPOS LHC Monte Carlo event generators.
Multiplicity (Nch) distributions and transverse momentum (pT) spectra of inclusive primary charged particles in the kinematic range of |η|<0.8 and 0.15GeV/c<pT<10GeV/c are reported for pp, p-Pb, Xe-Xe and Pb-Pb collisions at centre-of-mass energies per nucleon pair ranging from sNN−−−√=2.76 TeV up to 13 TeV. A sequential two-dimensional unfolding procedure is used to extract the correlation between the transverse momentum of primary charged particles and the charged-particle multiplicity of the corresponding collision. This correlation sharply characterises important features of the final state of a collision and, therefore, can be used as a stringent test of theoretical models. The multiplicity distributions as well as the mean and standard deviation derived from the pT spectra are compared to state-of-the-art model predictions.
The ALICE collaboration at the LHC reports measurement of the inclusive production cross section of electrons from semi-leptonic decays of beauty hadrons with rapidity |y|<0.8 and transverse momentum 1<pT<10 GeV/c, in pp collisions at s√= 2.76 TeV. Electrons not originating from semi-electronic decay of beauty hadrons are suppressed using the impact parameter of the corresponding tracks. The production cross section of beauty decay electrons is compared to the result obtained with an alternative method which uses the distribution of the azimuthal angle between heavy-flavour decay electrons and charged hadrons. Perturbative QCD calculations agree with the measured cross section within the experimental and theoretical uncertainties. The integrated visible cross section, σb→e=3.47±0.40(stat)+1.12−1.33(sys)±0.07(norm)μb, was extrapolated to full phase space using Fixed Order plus Next-to-Leading Log (FONLL) predictions to obtain the total bb¯ production cross section, σbb¯=130±15.1(stat)+42.1−49.8(sys)+3.4−3.1(extr)±2.5(norm)±4.4(BR)μb.
Measurements of the elliptic flow coefficient relative to the collision plane defined by the spectator neutrons v2{ΨSP} in collisions of Pb ions at center-of-mass energy per nucleon-nucleon pair sNN−−−√=2.76 TeV and Xe ions at sNN−−−√=5.44 TeV are reported. The results are presented for charged particles produced at midrapidity as a function of centrality and transverse momentum. The ratio between v2{ΨSP} and the elliptic flow coefficient relative to the participant plane v2{4}, estimated using four-particle correlations, deviates by up to 20% from unity depending on centrality. This observation differs strongly from the magnitude of the corresponding eccentricity ratios predicted by the TRENTo and the elliptic power models of initial state fluctuations that are tuned to describe the participant plane anisotropies. The differences can be interpreted as a decorrelation of the neutron spectator plane and the reaction plane because of fragmentation of the remnants from the colliding nuclei, which points to an incompleteness of current models of initial state fluctuations. A significant transverse momentum dependence of the ratio v2{ΨSP}/v2{4} is observed in all but the most central collisions, which may help to understand whether momentum anisotropies at low and intermediate transverse momentum have a common origin in initial state fluctuations. The ratios of v2{ΨSP} and v2{4} to the corresponding initial state eccentricities for Xe-Xe and Pb-Pb collisions at similar initial entropy density show a difference of (7.0±0.9)% with an additional variation of +1.8% when including RHIC data in the TRENTo parameter extraction. These observations provide new experimental constraints for viscous effects in the hydrodynamic modeling of the expanding quark-gluon plasma.
This article presents new measurements of the fragmentation properties of jets in both proton-proton (pp) and heavy-ion collisions with the ALICE experiment at the Large Hadron Collider (LHC). We report distributions of the fraction zr of transverse momentum carried by subjets of radius r within jets of radius R. Charged-particle jets are reconstructed at midrapidity using the anti-kT algorithm with jet radius R=0.4, and subjets are reconstructed by reclustering the jet constituents using the anti-kT algorithm with radii r=0.1 and r=0.2. In proton-proton collisions, we measure both the inclusive and leading subjet distributions. We compare these measurements to perturbative calculations at next-to-leading logarithmic accuracy, which suggest a large impact of threshold resummation and hadronization effects on the zr distribution. In heavy-ion collisions, we measure the leading subjet distributions, which allow access to a region of harder jet fragmentation than has been probed by previous measurements of jet quenching via hadron fragmentation distributions. The zr distributions enable extraction of the parton-to-subjet fragmentation function and allow for tests of the universality of jet fragmentation functions in the quark-gluon plasma (QGP). We find indications that there is a turnover in the ratio between the distributions in Pb-Pb and pp collisions as zr→1, exposing qualitatively new possibilities to disentangle competing jet quenching mechanisms. By comparing our results to theoretical calculations based on an independent extraction of the parton-to-jet fragmentation function, we find consistency with the universality of jet fragmentation and no indication of factorization breaking in the QGP.
Inclusive photon production at forward rapidities in pp and p–Pb
collisions at √sNN = 5.02 TeV
(2023)
A study of multiplicity and pseudorapidity distributions of inclusive photons measured in pp and p−Pb collisions at a center-of-mass energy per nucleon−nucleon collision of sNN−−−√=5.02 TeV using the ALICE detector in the forward pseudorapidity region 2.3<ηlab<3.9 is presented. Measurements in p−Pb collisions are reported for two beam configurations in which the directions of the proton and lead ion beam were reversed. The pseudorapidity distributions in p−Pb collisions are obtained for seven centrality classes which are defined based on different event activity estimators, i.e., the charged-particle multiplicity measured at midrapidity as well as the energy deposited in a calorimeter at beam rapidity. The inclusive photon multiplicity distributions for both pp and p−Pb collisions are described by double negative binomial distributions. The pseudorapidity distributions of inclusive photons are compared to those of charged particles at midrapidity in \pp collisions and for different centrality classes in p−Pb collisions. The results are compared to predictions from various Monte Carlo event generators. None of the generators considered in this paper reproduces the inclusive photon multiplicity distributions in the reported multiplicity range. The pseudorapidity distributions are, however, better described by the same generators.
Measurements of (anti)proton, (anti)deuteron, and (anti)3He production in the rapidity range −1<y<0 as a function of the transverse momentum and event multiplicity in p-Pb collisions at a center-of-mass energy per nucleon-nucleon pair sNN−−−√=8.16 TeV are presented. The coalescence parameters B2 and B3, measured as a function of the transverse momentum per nucleon and of the mean charged-particle multiplicity density, confirm a smooth evolution from low to high multiplicity across different collision systems and energies. The ratios between (anti)deuteron and (anti)3He yields and those of (anti)protons are also reported as a function of the mean charged-particle multiplicity density. A comparison with the predictions of the statistical hadronization and coalescence models for different collision systems and center-of-mass energies favors the coalescence description for the deuteron-to-proton yield ratio with respect to the canonical statistical model.