Outerfactor and the indirect journal impact

In this paper, we use research chains across the citation graph as the basis for journal impact analysis. While some existing measures take into account research chains that end in a given journal, we calculate the proportion of research chains that include a journal, obtaining a new index of journal impact, Outerfactor, that is directly related to Pagerank (Brin and Page, 1998), Eigenfactor (Bergstrom, 2007) and the Invariant Method (Pinsky and Narin, 1976). In this way, the Outerfactor score obtained by each journal is independent on its own citation pattern and its article share. To our knowledge, this is the fi�rst measure that satis�fes these invariance properties whilst accounting for both direct and indirect impact. Based on research chains that connect two journals, we also construct new measures for analyzing cross-impact. This cross-impact analysis results in a two-fold view of Outerfactor in terms of a journal�'s infl�uence (impact) on other journals, or a journal�'s contribution to all journals' �impact scores. Finally, we provide an illustration with 60 economics journals, showing how Outerfactor performs compared to other measures: apart from its cardinal invariance, Outerfactor behaves more robustly to ordinal manipulation than other eigenvector-based measures.citation analysis, impact factor, eigenfactor, eigenvector-based measures, manipulation

Do women panic more than men?

We report experimental evidence on gender differences in financial decision-making that involves three depositors choosing whether to keep their money deposited or to withdraw it. We find that one's position in the line, the fact that one is being observed and observed decisions are key determinants in explaining the subjects' behavior. Our main result is that men and women do not react differently to what is observed. However, there are gender differences regarding the effect of being observed: women value the fact of being observed more, while men value the number of subsequent depositors who observe them. Interestingly, risk aversion has no predictive power on depositors' behavior. (C) 2014 Elsevier Inc. All rights reserved

Who Withdraws First? Line Formation During Bank Runs

We study how lines form in front of banks. In our model, depositors choose first the level of effort to arrive early at the bank and then whether or not to withdraw their deposit. We argue that the informational environment (i.e., the possibility of observing the action of others) affects the emergence of bank runs and should, therefore, influence the line formation. We test this prediction experimentally. While the informational environment has no effect on the line formation when we look at the average level of effort, our findings suggest that the reasons to arrive early at the bank varies across informational environment. Thus, expectations on the occurrence of bank run are key to explain the level of effort when depositors cannot observe the action of others. In this setting, depositors who expect a run arrive early at the bank to withdraw their funds. If actions can be observed, however, those who expect a run arrive early at the bank to keep their funds deposited. Depending on the informational environment, there are other factors (e.g., irrationality of depositors or loss aversion) that also explain the behavior of depositors

Preventing (Panic) Bank Runs

We study experimentally an instrument to prevent bank runs in healthy banks. In particular, we extend the basic bank-run game, where depositors choose between withdrawing or keeping their money deposited, with a third option, the possibility to relocate funds to a priority account that is less profitable, but which guarantees a payoff even in a bank run. Theoretically, the use of this instrument dominates withdrawals for depositors without liquidity needs, and given this fact, depositors should optimally keep their deposits in the bank, so no bank run shall happen. In our experiment, we find evidence that the mechanism reduces not only bank runs that occur because of a coordination problem among depositors, but also panic bank runs that occur when depositors can observe the action of others. However, its effectiveness is limited and depositors seem not to recognize the protection it provides

Outerfactor and the indirect journal impact

In this paper, we use research chains across the citation graph as the basis for journal impact analysis. While some existing measures take into account research chains that end in a given journal, we calculate the proportion of research chains that include a journal, obtaining a new index of journal impact, Outerfactor, that is directly related to Pagerank (Brin and Page, 1998), Eigenfactor (Bergstrom, 2007) and the Invariant Method (Pinsky and Narin, 1976). In this way, the Outerfactor score obtained by each journal is independent on its own citation pattern and its article share. To our knowledge, this is the fi�rst measure that satis�fes these invariance properties whilst accounting for both direct and indirect impact. Based on research chains that connect two journals, we also construct new measures for analyzing cross-impact. This cross-impact analysis results in a two-fold view of Outerfactor in terms of a journal�'s infl�uence (impact) on other journals, or a journal�'s contribution to all journals' �impact scores. Finally, we provide an illustration with 60 economics journals, showing how Outerfactor performs compared to other measures: apart from its cardinal invariance, Outerfactor behaves more robustly to ordinal manipulation than other eigenvector-based measures

On the Effects of Deposit Insurance and Observability on Bank Runs: An Experimental Study

We study the effects of deposit insurance and observability of previous actions on the emergence of bank runs by means of a controlled laboratory experiment. We consider three depositors in the line of a common bank. Depositors decide in sequence between withdrawing or keeping their money deposited. We have three different treatments in which depositors who keep the money have full insurance, are partially insured, or not insured at all in case of a bank run. We find that different levels of deposit insurance and the possibility of observing other depositors' actions reduce the likelihood of bank runs. The effect of these variables is not independent. Our data suggest that optimal deposit insurance should take into account the degree of observability: full and partial insurance are equally effective when decisions are observable, whereas full insurance is more likely to prevent bank runs when depositors do not observe other depositors' decisions.deposit insurance, observability, bank runs, experimental economics

Vigas de pino silvestre sometidas a flexión : influencia de defectos y singularidades = Wild pine beams subjected to bending : influence of defects and singularities

This paper presents an experimental study of the behavior of 18 timber beams for structural use of 155x75x1090mm dimensions. The origin of the wood is Valsaín sawmill. The tests were performed at the Laboratory of Construction Materials at the University School of Technical Architecture. The objective of this work is the analysis of flexural behavior of test pieces according to the defects and singularities, carrying out an analysis of their influence. 18 pieces have been tested, of which 9 were placed in a flat position, and the other 9 were placed in edge position. Before testing, the samples were classified according to UNE 56544 visual grading of sawn timber for structural use, determining the structural quality of each piece and the strength class. Singularities and defects found in each one of the pieces, moisture, weight and dimensions are measured and identified. The results of the analysis are presented in the conclusions, comparing the test data with the characteristics of the beams, determining the influence of the presence of defects and the characteristics of the timber beams with resistance in tests

Influence of climate variables on resin yield and secretory structures in tapped Pinus pinaster Ait. in central Spain

The role of climate and soil water availability on resin yield was evaluated. Resin yield increased with temperature, radiation and evapotranspiration values. Resin yield and axial canal size were correlated with water deficit in spring. Above a certain threshold of cumulated water deficit, summer rainfall favored resin yield. Stand density and soil quality affected the relations between climate and resin yield