The dynamic portfolio frontier theory in a mean-variance framework previously developed by scholars suffers some limitations. Specifically, the theory assumes the use of the martingale approach, the assumption of a complete market and particular probability distribution of asset returns....

A binary system in which the diffusion flux has a nonvanishing relaxation time is considered. We study the spectra of fluctuations of the solute density and the solute diffusion flux. The role of the diffusion flux is analyzed in two descriptions. First, the shortest observable time interval is...

Analysis of a model for fast spinodal decomposition controlled by diffusion is proposed. Using the concept of fast phase separation, an interpretation of a purely non-equilibrium contribution to the entropy of a spinodally decomposing system is given in terms of multi-component fluids and of...

A study of the question of heat propagation in an extended quantum hydrodynamic approach is presented. We consider a fluid of Fermi particles in interaction with a thermal bath of bosons. The equation of evolution for the flux of energy, which is incorporated as a basic thermodynamic variable...

In this paper the causes of variation in automobile insurance prices are examined within a small and homogenous state. The central hypothesis of interest is the relation between the price of automobile insurance and the quality of the product. The findings here indicate that the market is one...

We address here the question of the choice and interpretation of state variables in the thermodynamical description of systems arbitrarily away from equilibrium. It is presented a discussion of the topic in the framework of informational statistical thermodynamics, an approach based on Gibbs...