QLS seminar (Luis Dinis) via Zoom on 20 April 2021 at 15.00 CET

[Quantitative Life Sciences Section]

Dear All,

on Tuesday, 20 Aprilat 15:00 CET, Luis Dinis, Department of Structure of 
matter, thermal physics and electronics, Universidad Complutense de Madrid,
Spain, will give a seminar titled:

"Gambling, thermodynamic uncertainty and bet-hedging"


Abstract:

Kelly's solution to allocating bets in a horse race, or other gambling 
games, maximizes the long-term growth rate, but is known to be risky. 
Here, I will describe optimal betting strategies that give the highest 
capital growth rate while keeping a certain low value of risk, that is, 
an optimal trade-off between the average and the fluctuations. This 
trade-off is also embodied in a general bound similar to thermodynamic 
uncertainty relations. Finally, I will discuss possible future 
applications in biology. This trade-off is also believed to operate in 
situations known generically in biology as "bet-hedging". Organisms may 
exchange a reduction of their present fitness for increased fitness in a 
possible future stressful condition. Some type of bet-hedging mechanism 
is believed to operate in the production of seeds by plants or in the 
resistance to antibiotics.


http://indico.ictp.it/event/9649/ <http://indico.ictp.it/event/9624/>


Zoom Meeting ID to attend the online seminar: 475-819-702

Join Zoom Meeting:https://zoom.us/j/475819702 <https://zoom.us/j/475819702>


If you haven't registered for previous QLS webinars, please contact 
qls at ictp.it <mailto:qls at ictp.it>to obtain the PASSWORD for this zoom 
meeting.

Kind regards,
Erica Sarnataro

  
Erica Sarnataro
Group Secretary
Quantitative Life Sciences
The Abdus Salam International Centre for Theoretical Physics (ICTP)
Trieste,  Italy
Tel. +39-040-2240623
www.ictp.it/research/qls.aspx
e-mail: qls at ictp.it