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Motivated by a recent paper (Budd (2018)), where a new family of positive self-similar Markov processes associated to stable processes appears, we introduce a new family of Lévy processes, called the double hypergeometric class, whose Wiener–Hopf factorisation is explicit, and as a result many functionals can be determined in closed form.
We consider a strictly substochastic matrix or a stochastic matrix with absorbing states. By using quasi-stationary distributions we show that there is an associated canonical Markov chain that is built from the resurrected chain, the absorbing states, and the hitting times, together with a random walk on the absorbing states, which is necessary for achieving time stationarity. Based upon the 2-stringing representation of the resurrected chain, we supply a stationary representation of the killed and the absorbed chains. The entropies of these representations have a clear meaning when one identifies the probability measure of natural factors. The balance between the entropies of these representations and the entropy of the canonical chain serves to check the correctness of the whole construction.
We study an ergodic singular control problem with constraint of a regular one-dimensional linear diffusion. The constraint allows the agent to control the diffusion only at the jump times of an independent Poisson process. Under relatively weak assumptions, we characterize the optimal solution as an impulse-type control policy, where it is optimal to exert the exact amount of control needed to push the process to a unique threshold. Moreover, we discuss the connection of the present problem to ergodic singular control problems, and illustrate the results with different well-known cost and diffusion structures.
We give a new method of proof for a result of D. Pierre-Loti-Viaud and P. Boulongne which can be seen as a generalization of a characterization of Poisson law due to Rényi and Srivastava. We also provide explicit formulas, in terms of Bell polynomials, for the moments of the compound distributions occurring in the extended collective model in non-life insurance.
We are interested in the property of coming down from infinity of continuous-state branching processes with competition in a Lévy environment. We first study the event of extinction for such a family of processes under Grey’s condition. Moreover, if we add an integrability condition on the competition mechanism then the process comes down from infinity regardless of the long-time behaviour of the environment.
A fever clinic within a hospital plays a vital role in pandemic control because it serves as an outpost for pandemic discovery, monitoring and handling. As the outbreak of coronavirus disease 2019 (COVID-19) in Wuhan was gradually brought under control, the fever clinic in the West Campus of Wuhan Union Hospital introduced a new model for construction and management of temporary mobile isolation wards. A traditional battlefield hospital model was combined with pandemic control regulations, to build a complex of mobile isolation wards that used adaptive design and construction for medical operational, medical waste management and water drainage systems. The mobile isolation wards allowed for the sharing of medical resources with the fever clinic. This increased the capacity and efficiency of receiving, screening, triaging and isolation and observation of patients with fever. The innovative mobile isolation wards also controlled new sudden outbreaks of COVID-19. We document the adaptive design and construction model of the novel complex of mobile isolation wards and explain its characteristics, functions and use.
As most children infected with severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) present with mild symptoms or they are asymptomatic, the optimal strategy for molecular testing it is not well defined. The aim of the study was to determine the extent and aetiology of molecular testing for SARS-CoV-2 in Greek paediatric departments during the first phase of the pandemic and identify possible differences in incidence, depending on the age group and geographical area. We conducted a nationwide study of molecular testing for SARS-CoV-2 of children in paediatric departments between March and June 2020. A total of 65 paediatric departments participated in the study, representing 4901 children who were tested for SARS-CoV-2 and 90 (1.8%) were positive. Most paediatric cases were associated with topical outbreaks. Adolescents 11–16 years had the highest positivity rate (3.6%) followed by children 6–10 years (1.9%). However, since the testing rate significantly differed between age groups, the modified incidence of SARS-CoV-2 infection per age group was highest in infants <1 year (19.25/105 population). Most children tested presented with fever (70.9%), respiratory (50.1%) or gastrointestinal symptoms (28.1%). Significant differences were detected between public and private hospitals regarding the positivity rate (2.34% vs. 0.39%, P-value <0.001). Significant variation in SARS-CoV-2 molecular testing positivity rate and incidence between age groups indicate discrepancies in risk factors among different age groups that shall be considered when ordering molecular testing.
The Ethiopian government has several initiatives to expand and intensify the dairy industry; however, the risk of bovine tuberculosis (bTB) spread is a challenge. To assess the rate of expansion and risk factors for transmission of bTB within-herds, we carried out a repeated cross-sectional survey at two time points, 2016/17 and 2018, in three regional cities, namely, Gondar, Hawassa and Mekelle, representing the emerging dairy belts of Ethiopia. The total number of herds involved was 128, comprising an average of 2303 cattle in each round. The Single Intradermal Comparative Cervical Tuberculin (SICCT) test was used to identify reactor status and data on herd-level risk factors were collected using a structured questionnaire. In the first survey, the apparent prevalence of bTB, as measured by the SICCT test, was 4.5% (95% CI 3.7–5.4%) at the individual animal-level and 24% (95% CI 17.5–32%) at the herd-level. There was no statistically significant change in the overall apparent prevalence or regional distribution at the second survey, consistent with the infection being endemic. The incidence rate was estimated at 3.6 (95% CI 2.8–4.5) and 6.6 (95% CI 3.0–12.6) cases/100 cattle (or herd)-years at the animal- and herd-levels, respectively. Risk factors significantly associated with the within-herd transmission of bTB were age group and within-herd apparent prevalence at the start of the observation period. We noted that farmers voluntarily took steps to remove reactor cattle from their herds as a consequence of the information shared after the first survey. Removal of reactors between surveys was associated with a reduced risk of transmission within these herds. However, with no regulatory barriers to the sale of reactor animals, such actions could potentially lead to further spread between herds. We therefore advocate the importance of setting up regulations and then establishing a systematic bTB surveillance programme to monitor the impact prior to implementing any control measures in Ethiopia.
Researchers often trim observations with small values of the denominator A when they estimate moments of the form $\mathbb {E}[B/A]$. Large trimming is common in practice to reduce variance, but it incurs a large bias. This paper provides a novel method of correcting the large trimming bias. If a researcher is willing to assume that the joint distribution between A and B is smooth, then the trimming bias may be estimated well. Along with the proposed bias correction method, we also develop an inference method. Practical advantages of the proposed method are demonstrated through simulation studies, where the data generating process entails a heavy-tailed distribution of $B/A$. Applying the proposed method to the Compustat database, we analyze the history of external financial dependence of U.S. manufacturing firms for years 2000–2010.
Under the classical long-span asymptotic framework, we develop a class of generalized laplace (GL) inference methods for the change-point dates in a linear time series regression model with multiple structural changes analyzed in, e.g., Bai and Perron (1998, Econometrica 66, 47–78). The GL estimator is defined by an integration rather than optimization-based method and relies on the LS criterion function. It is interpreted as a classical (non-Bayesian) estimator, and the inference methods proposed retain a frequentist interpretation. This approach provides a better approximation about the uncertainty in the data of the change-points relative to existing methods. On the theoretical side, depending on some input (smoothing) parameter, the class of GL estimators exhibits a dual limiting distribution, namely the classical shrinkage asymptotic distribution or a Bayes-type asymptotic distribution. We propose an inference method based on highest density regions using the latter distribution. We show that it has attractive theoretical properties not shared by the other popular alternatives, i.e., it is bet-proof. Simulations confirm that these theoretical properties translate to good finite-sample performance.
Previous studies have reported the basic reproduction number (R0) of coronavirus disease from publicly reported data that lack information such as onset of symptoms, presence of importations or known super-spreading events. Using data from the Republic of Korea, we illustrated how estimates of R0 can be biased and provided improved estimates with more detailed data. We used COVID-19 contact trace system in Korea, which can provide symptom onset date and also serial intervals between contacted people. The total R0 was estimated as 2.10 (95% confidence interval (CI) 1.84–2.42). Also, early transmission of COVID-19 differed by regional or social behaviours of the population. Regions affected by a specific church cluster, which showed a rapid and silent transmission under non-official religious meetings, had a higher R0 of 2.40 (95% CI 2.08–2.77).
European orthohantaviruses (Puumala orthohantavirus (PUUV); Dobrava-Belgrade orthohantavirus (DOBV), genotype Kurkino; Tula orthohantavirus (TULV)), and Leptospira spp. are small mammal-associated zoonotic pathogens that cause diseases with potentially similar symptoms in humans. We investigated the frequency of Leptospira spp. and hantavirus single and double infections in small mammals from 22 sites in Thuringia, central Germany, during 2017. TULV infections were detected at 18 of 22 sites (mean prevalence 13.8%, 93/674). PUUV infections were detected at four of 22 sites (mean prevalence 1.5%, 7/471), and respective PUUV sequences formed a novel phylogenetic clade, but DOBV infections were not detected at all. Leptospira infections were detected at 21 of 22 sites with the highest overall prevalence in field voles (Microtus agrestis) with 54.5% (6/11) and common voles (Microtus arvalis) with 30.3% (205/676). Leptospira–hantavirus coinfections were found in 6.6% (44/671) of common voles but only in two of 395 bank voles. TULV and Leptospira coinfection probability in common voles was driven by individual (age) and population-level factors. Coinfections seemed to be particularly associated with sites where Leptospira spp. prevalence exceeded 35%. Future investigations should evaluate public health consequences of this strong spatial clustering of coinfections.
In Finance and Actuarial Science, the multivariate elliptical family of distributions is a famous and well-used model for continuous risks. However, it has an essential shortcoming: all its univariate marginal distributions are the same, up to location and scale transformations. For example, all marginals of the multivariate Student’s t-distribution, an important member of the elliptical family, have the same number of degrees of freedom. We introduce a new approach to generate a multivariate distribution whose marginals are elliptical random variables, while in general, each of the risks has different elliptical distribution, which is important when dealing with insurance and financial data. The proposal is an alternative to the elliptical copula distribution where, in many cases, it is very difficult to calculate its risk measures and risk capital allocation. We study the main characteristics of the proposed model: characteristic and density functions, expectations, covariance matrices and expectation of the linear regression vector. We calculate important risk measures for the introduced distributions, such as the value at risk and tail value at risk, and the risk capital allocation of the aggregated risks.
COVID-19, although a respiratory illness, has been clinically associated with non-respiratory symptoms. We conducted a negative case–control study to identify the symptoms associated with SARS-CoV-2-positive results in Portugal. Twelve symptoms and signs included in the clinical notification of COVID-19 were selected as predictors, and the dependent variable was the RT-PCR test result. The χ2 tests were used to compare notified cases on sex, age group, health region and presence of comorbidities. The best-fit prediction model was selected using a backward stepwise method with an unconditional logistic regression. General and gastrointestinal symptoms were strongly associated with a positive test (P < 0.001). In this sense, the inclusion of general symptoms such as myalgia, headache and fatigue, as well as diarrhoea, together with actual clinical criteria for suspected cases, already updated and included in COVID-19 case definition, can lead to increased identification of cases and represent an effective strength for transmission control.
Google’s Legal Department addresses cutting-edge issues that run from driverless cars to green-energy power cables for the Eastern Seaboard and legal hot spots from China to Turkey. Our legal department today consists of more than 900 legal team members, a significant growth from the one lawyer that made up the legal department in 2001. The unique culture of Google itself has inspired the legal department to innovate in ways that are more progressive than most companies of a similar size. The Google Legal Team supports the vision of the company’s engineers who are trying to create new technologies that will have an international impact on the lives of people. Accordingly, our legal team focuses its support on the interests of the users of the company’s technology and defends Google so that it can continue to focus on the company vision.
The blockchain industry has recently broken through into the general public’s consciousness. Gone were the days of blockchain projects being solely the interest of computer programmers, libertarians, and anti-government activists. Now, discussion of the industry graced the pages of the New York Times1 and the Wall Street Journal,2 and the nascent industry was regularly covered by television news programs such as CNBC’s Fast Money.3 The majority of this attention was directed to price increases in cryptocurrencies, such as Bitcoin, but a new vehicle for raising capital – known as an initial coin offering, or ICO – also fueled public enthusiasm. All of this excitement and curiosity has made it harder and harder for lawyers to ignore this industry. As such, it is beneficial for lawyers to get a high-level understanding of what the blockchain industry is, and how it makes technologies like cryptocurrencies possible.
There are many categories of information that defy easy systematic computational analysis. Patents are not one of them. Ever since the earliest litterae patentes were granted by host countries to foreigners willing to share their knowledge with their hosts, the monopoly rights granted by governments have been meticulously documented. The richness of data detailing both the monopoly right to exclude – granted to a patent’s owner – and the patent document’s informational disclosure of how to make and use a claimed invention – intended to enrich the metaphorical storehouse of knowledge – has accumulated at an accelerating pace since the days of the first letters patent. So rapidly has the information embodied in patents grown that analytical techniques for sorting and computationally evaluating that information have always lagged far behind the deluge of accumulating data. In lieu of precise algorithmic methods for understanding the contents of patents, a specialized guild of patent attorneys has evolved to sell their largely subjective interpretations of what patents disclose, cover, and are worth. Since patent attorneys must pass a challenging patent bar exam, in addition to a state bar exam, their numbers are controlled, allowing their fees to be high. However, recent years have seen the inexorable rise of more objective, falsifiable, mathematical, and computational methods for analyzing patents. Progress in patent analytics has accelerated rapidly in recent years, democratizing, elucidating, and making more rigorous the interpretation of patent data.
Let me tell you a story, one that may sound familiar to you. Anna is preparing a termination agreement. This task takes her anywhere from one to four hours. That’s a lot of time to spend on what should be a simple contract, but each time she is asked to prepare one she runs into the same problems. She starts her work by asking human resources for information about the employee. Then she goes back and forth with emails, trying to track down all the bits and pieces she needs to create the agreement. She also has to contact multiple people: the equity plan administrator to find out if the employee has any stock grants; the safety manager to find out if there are any outstanding claims; and someone in finance to check for any promissory notes the employee has signed. Then, she goes back to HR to clarify all the information before she goes to chase down more.
Changes in the US Federal Rules of Civil Procedure in 2006 made electronic documents part of the evidence material for a case.1 This led to an “e-discovery revolution,” and natural language processing (NLP) technologies became standard tools in the document review process in civil litigation.2 This was welcome news for investigators and litigators, since nowadays the most interesting and substantial pieces of evidence are often contained in electronic documents, particularly email conversations. However, these legal changes coincided with the explosion of available data, and the sheer volume of electronic information has made it necessary to search for new ways to handle and review electronic information.3
The development of knowledge management and the early adoption of innovative technology into Littler Mendelson’s practice did not occur by chance, or as a reactionary response to “everyone else doing it.” Littler launched a robust and comprehensive knowledge management program and adopted new technology in order to support its long-term strategic plans, help achieve its vision of becoming a global law firm, and uphold its commitment to meeting clients’ needs. By making both knowledge management and technology adoption an integral part of the firm’s strategic plan, rather than an ad hoc response to episodic changes in the market, Littler has fully integrated both into the way the firm does business and serves its clients.