Individual Preferences and Social Interactions Determine the Aggregation of Woodlice

n°e17389.info:eu-repo/semantics/publishe

Mitigation of Moral Hazard and Adverse Selection in Venture Capital Financing: The Influence of the Country’s Institutional Setting

A venture capitalist (VC) needs to trade off benefits and costs when attempting to mitigate agency problems in their investor-investee relationship. We argue that signals of ventures complement the VC’s capacity to screen and conduct a due diligence during the pre-investment phase, but its attractiveness may diminish in institutional settings supporting greater transparency. Similarly, whereas a VC may opt for contractual covenants to curb potential opportunism by ventures in the post-investment phase, this may only be effective in settings supportive of shareholder rights enforcement. Using an international sample of VC contracts, our study finds broad support for these conjectures. It delineates theoretical and practical implications for how investors can best deploy their capital in different institutional settings whilst nurturing their relationships with entrepreneurs

Group Living Enhances Individual Resources Discrimination: The Use of Public Information by Cockroaches to Assess Shelter Quality

In group-living organisms, consensual decision of site selection results from the interplay between individual responses to site characteristics and to group-members. Individuals independently gather personal information by exploring their environment. Through social interaction, the presence of others provides public information that could be used by individuals and modulates the individual probability of joining/leaving a site. The way that individual's information processing and the network of interactions influence the dynamics of public information (depending on population size) that in turn affect discrimination in site quality is a central question. Using binary choice between sheltering sites of different quality, we demonstrate that cockroaches in group dramatically outperform the problem-solving ability of single individual. Such use of public information allows animals to discriminate between alternatives whereas isolated individuals are ineffective (i.e. the personal discrimination efficiency is weak). Our theoretical results, obtained from a mathematical model based on behavioral rules derived from experiments, highlight that the collective discrimination emerges from competing amplification processes relying on the modulation of the individual sheltering time without shelters comparison and communication modulation. Finally, we well demonstrated here the adaptive value of such decision algorithm. Without any behavioral change, the system is able to shift to a more effective strategy when alternatives are present: the modification of the spatio-temporal distributions of individuals leading to the collective selection of the best resource. This collective discrimination implying such parsimonious and widespread mechanism must be shared by many group living-species

Relocation to get venture capital : a resource dependence perspective

This is the author accepted manuscript. The final version is available from SAGE via the DOI in this record.Using a resource dependence perspective, we theorize and show that non-venture-capital-backed ventures founded in U.S. states with a lower availability of venture capital (VC) are more likely to relocate to California (CA) or Massachusetts (MA)—the two VC richest states—compared to ventures founded in states with a greater availability of VC. Moreover, controlling for self-selection, ventures that relocate to CA or MA subsequently have a greater probability of attracting initial VC compared to ventures that stay in their home state. We discuss the implications for theory, future research, and practice

Using Malaise traps to assess aculeate Hymenoptera associated with farmland linear habitats across a range of farming intensities

The intensification of farming practices, along with the loss and fragmentation of semi-natural habitats within agricultural areas, has contributed significantly to insect decline worldwide including flower-visiting aculeate Hymenoptera. In this study aculeate Hymenoptera were collected using bi-directional Malaise traps placed along farmland linear habitats across a range of farming intensities. The aim was to further our understanding of the value of farmland linear habitats to this insect group and in particular the Vespinae, an understudied subfamily. Overall, significantly greater aculeate Hymenoptera species richness was found on extensive than on intermediate and intensive farms. Significantly more species and specimens were collected on the side of the traps adjacent to the linear habitats compared to the side which opened onto the fields. Aculeate Hymenoptera species richness was also significantly greater in dense hedgerows than in open hedgerows. Furthermore, two out of six Vespinae species, Vespula rufa and Vespula vulgaris, had significantly more individuals on extensive than intensive farms. This study highlights that low-intensity farming practices and farmland linear habitats, especially dense hedgerows, may enhance aculeate Hymenoptera occurrence in agricultural areas. It also demonstrates that Malaise traps set up along linear habitats across a range of farming intensities can make a significant contribution to knowledge regarding the biodiversity value of such areas. Given that selected Vespinae species follow similar trends to aculeate Hymenoptera, the possibility of using them as simple biodiversity indicators is worthy of further exploration.© 2019 The Royal Entomological Societ

Copy when uncertain: lower light levels increase trail pheromone deposition and reliance on pheromone trails in ants

Animals may gather information from multiple sources, and these information sources may conflict. Theory predicts that, all else being equal, reliance on a particular information source will depend on its information content relative to other sources. Information conflicts are a good area in which to test such predictions. Social insects, such as ants, make extensive use of both private information (e.g. visual route memories) and social information (e.g. pheromone trails) when attempting to locate a food source. Importantly, eusocial insects collaborate on food retrieval, so both information use and information provision may be expected to vary with the information content of alternative information sources. Many ants, such as Lasius niger, are active both day and night. Variation in light levels represents an ecologically important change in the information content of visually-acquired route information. Here, we examine information use and information provision under high light levels (3200 lux, equivalent to a bright but overcast day), moderate light levels simulating dusk (10 lux) and darkness (0.007 lux, equivalent to a moonless night). Ants learn poorly, or not at all, in darkness. As light levels decrease, ants show decreasing reliance on private visual information, and a stronger reliance on social information, consistent with a ‘copy when uncertain’ strategy. In moderate light levels and darkness, pheromone deposition increases, presumably to compensate for the low information content of visual information. Varying light levels for cathemeral animals provides a powerful and ecologically meaningful method for examining information use and provision under varying levels of information content

Out of sight but not out of mind: modulation of recruitment according to home range marking in ants

CI:2.48info:eu-repo/semantics/publishe

Journées internationales des archives

Drapeau en ruban avec l'enseigne des archives nationales et un ruban comportant deux visage

Influence of territorial marking on food recruitment in the ant Lasius niger

info:eu-repo/semantics/nonPublishe