Do Corporate Managers Know When Their Shares Are Undervalued? New Evidence Based on Actual (and Not Just Announced) Stock Buybacks

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/136055/1/jacf12205.pd

The Behavioral Relevance of Landmark Texture for Honeybee Homing

Honeybees visually pinpoint the location of a food source using landmarks. Studies on the role of visual memories have suggested that bees approach the goal by finding a close match between their current view and a memorized view of the goal location. The most relevant landmark features for this matching process seem to be their retinal positions, the size as defined by their edges, and their color. Recently, we showed that honeybees can use landmarks that are statically camouflaged, suggesting that motion cues are relevant as well. Currently it is unclear how bees weight these different landmark features when accomplishing navigational tasks, and whether this depends on their saliency. Since natural objects are often distinguished by their texture, we investigate the behavioral relevance and the interplay of the spatial configuration and the texture of landmarks. We show that landmark texture is a feature that bees memorize, and being given the opportunity to identify landmarks by their texture improves the bees’ navigational performance. Landmark texture is weighted more strongly than landmark configuration when it provides the bees with positional information and when the texture is salient. In the vicinity of the landmark honeybees changed their flight behavior according to its texture

Prototypical Components of Honeybee Homing Flight Behavior Depend on the Visual Appearance of Objects Surrounding the Goal

Honeybees use visual cues to relocate profitable food sources and their hive. What bees see while navigating, depends on the appearance of the cues, the bee’s current position, orientation, and movement relative to them. Here we analyze the detailed flight behavior during the localization of a goal surrounded by cylinders that are characterized either by a high contrast in luminance and texture or by mostly motion contrast relative to the background. By relating flight behavior to the nature of the information available from these landmarks, we aim to identify behavioral strategies that facilitate the processing of visual information during goal localization. We decompose flight behavior into prototypical movements using clustering algorithms in order to reduce the behavioral complexity. The determined prototypical movements reflect the honeybee’s saccadic flight pattern that largely separates rotational from translational movements. During phases of translational movements between fast saccadic rotations, the bees can gain information about the 3D layout of their environment from the translational optic flow. The prototypical movements reveal the prominent role of sideways and up- or downward movements, which can help bees to gather information about objects, particularly in the frontal visual field. We find that the occurrence of specific prototypes depends on the bees’ distance from the landmarks and the feeder and that changing the texture of the landmarks evokes different prototypical movements. The adaptive use of different behavioral prototypes shapes the visual input and can facilitate information processing in the bees’ visual system during local navigation

Visual motion-sensitive neurons in the bumblebee brain convey information about landmarks during a navigational task

Mertes M, Dittmar L, Egelhaaf M, Boeddeker N. Visual motion-sensitive neurons in the bumblebee brain convey information about landmarks during a navigational task. Frontiers in Behavioral Neuroscience. 2014;8:335.Bees use visual memories to find the spatial location of previously learnt food sites. Characteristic learning flights help acquiring these memories at newly discovered foraging locations where landmarks-salient objects in the vicinity of the goal location-can play an important role in guiding the animal's homing behavior. Although behavioral experiments have shown that bees can use a variety of visual cues to distinguish objects as landmarks, the question of how landmark features are encoded by the visual system is still open. Recently, it could be shown that motion cues are sufficient to allow bees localizing their goal using landmarks that can hardly be discriminated from the background texture. Here, we tested the hypothesis that motion sensitive neurons in the bee's visual pathway provide information about such landmarks during a learning flight and might, thus, play a role for goal localization. We tracked learning flights of free-flying bumblebees (Bombus terrestris) in an arena with distinct visual landmarks, reconstructed the visual input during these flights, and replayed ego-perspective movies to tethered bumblebees while recording the activity of direction-selective wide-field neurons in their optic lobe. By comparing neuronal responses during a typical learning flight and targeted modifications of landmark properties in this movie we demonstrate that these objects are indeed represented in the bee's visual motion pathway. We find that object-induced responses vary little with object texture, which is in agreement with behavioral evidence. These neurons thus convey information about landmark properties that are useful for view-based homing

Blowfly flight characteristics are shaped by environmental features and controlled by optic flow information

Kern R, Boeddeker N, Dittmar L, Egelhaaf M. Blowfly flight characteristics are shaped by environmental features and controlled by optic flow information. Journal of Experimental Biology. 2012;215(14):2501-2514.Blowfly flight consists of two main components, saccadic turns and intervals of mostly straight gaze direction, although, as a consequence of inertia, flight trajectories usually change direction smoothly. We investigated how flight behavior changes depending on the surroundings and how saccadic turns and intersaccadic translational movements might be controlled in arenas of different width with and without obstacles. Blowflies do not fly in straight trajectories, even when traversing straight flight arenas; rather, they fly in meandering trajectories. Flight speed and the amplitude of meanders increase with arena width. Although saccade duration is largely constant, peak angular velocity and succession into either direction are variable and depend on the visual surroundings. Saccade rate and amplitude also vary with arena layout and are correlated with the 'time-to-contact' to the arena wall. We provide evidence that both saccade and velocity control rely to a large extent on the intersaccadic optic flow generated in eye regions looking well in front of the fly, rather than in the lateral visual field, where the optic flow at least during forward flight tends to be strongest

Bumblebee Homing: The Fine Structure of Head Turning Movements

Boeddeker N, Mertes M, Dittmar L, Egelhaaf M. Bumblebee Homing: The Fine Structure of Head Turning Movements. PLoS ONE. 2015;10(9): e0135020.Changes in flight direction in flying insects are largely due to roll, yaw and pitch rotations of their body. Head orientation is stabilized for most of the time by counter rotation. Here, we use high-speed video to analyse head- and body-movements of the bumblebee Bombus terrestris while approaching and departing from a food source located between three landmarks in an indoor flight-arena. The flight paths consist of almost straight flight segments that are interspersed with rapid turns. These short and fast yaw turns (“saccades”) are usually accompanied by even faster head yaw turns that change gaze direction. Since a large part of image rotation is thereby reduced to brief instants of time, this behavioural pattern facilitates depth perception from visual motion parallax during the intersaccadic intervals. The detailed analysis of the fine structure of the bees’ head turning movements shows that the time course of single head saccades is very stereotypical. We find a consistent relationship between the duration, peak velocity and amplitude of saccadic head movements, which in its main characteristics resembles the so-called "saccadic main sequence" in humans. The fact that bumblebee head saccades are highly stereotyped as in humans, may hint at a common principle, where fast and precise motor control is used to reliably reduce the time during which the retinal images moves

The lipid head group is the key element for substrate recognition by the P4 ATPase ALA2:A phosphatidylserine flippase

Type IV P-type ATPases (P4 ATPases) are lipid flippases that catalyze phospholipid transport from the exoplasmic to the cytoplasmic leaflet of cellular membranes, but the mechanism by which they recognize and transport phospholipids through the lipid bilayer remains unknown. In the present study, we succeeded in purifying recombinant aminophospholipid ATPase 2 (ALA2), a member of the P4 ATPase subfamily in Arabidopsis thaliana, in complex with the ALA-interacting subunit 5 (ALIS5). The ATP hydrolytic activity of the ALA2-ALIS5 complex was stimulated in a highly specific manner by phosphatidylserine. Small changes in the stereochemistry or the functional groups of the phosphatidylserine head group affected enzymatic activity, whereas alteration in the length and composition of the acyl chains only had minor effects. Likewise, the enzymatic activity of the ALA2-ALIS5 complex was stimulated by both mono- and di-acyl phosphatidylserines. Taken together, the results identify the lipid head group as the key structural element for substrate recognition by the P4 ATPase

Autoantigen-specific immunosuppression with tolerogenic peripheral blood cells prevents relapses in a mouse model of relapsing-remitting multiple sclerosis

Background: Dendritic cells (DCs) rendered suppressive by treatment with mitomycin C and loaded with the autoantigen myelin basic protein demonstrated earlier their ability to prevent experimental autoimmune encephalomyelitis (EAE), the animal model for multiple sclerosis (MS). This provides an approach for prophylactic vaccination against autoimmune diseases. For clinical application such DCs are difficult to generate and autoantigens hold the risk of exacerbating the disease. Methods: We replaced DCs by peripheral mononuclear cells and myelin autoantigens by glatiramer acetate (Copaxone®), a drug approved for the treatment of MS. Spleen cells were loaded with Copaxone®, incubated with mitomycin C (MICCop) and injected into mice after the first bout of relapsing-remitting EAE. Immunosuppression mediated by MICCop was investigated in vivo by daily assessment of clinical signs of paralysis and in in vitro restimulation assays of peripheral immune cells. Cytokine profiling was performed by enzyme-linked immunosorbent assay (ELISA). Migration of MICCop cells after injection was examined by biodistribution analysis of 111Indium-labelled MICCop. The number and inhibitory activity of CD4+CD25+FoxP3+ regulatory T cells were analysed by histology, flow cytometry and in vitro mixed lymphocyte cultures. In order to assess the specificity of MICCop-induced suppression, treated EAE mice were challenged with the control protein ovalbumin. Humoral and cellular immune responses were then determined by ELISA and in vitro antigen restimulation assay. Results: MICCop cells were able to inhibit the harmful autoreactive T-cell response and prevented mice from further relapses without affecting general immune responses. Administered MICCop migrated to various organs leading to an increased infiltration of the spleen and the central nervous system with CD4+CD25+FoxP3+ cells displaying a suppressive cytokine profile and inhibiting T-cell responses. Conclusion: We describe a clinically applicable cell therapeutic approach for controlling relapses in autoimmune encephalomyelitis by specifically silencing the deleterious autoimmune response

Out of the box: how bees orient in an ambiguous environment

Dittmar L, Stürzl W, Jetzschke S, Mertes M, Boeddeker N. Out of the box: how bees orient in an ambiguous environment. Animal Behaviour. 2014;89:13-21.How do bees employ multiple visual cues for homing? They could either combine the available cues using a view-based computational mechanism or pick one cue. We tested these strategies by training honeybees, Apis mellifera carnica, and bumblebees, Bombus terrestris, to locate food in one of the four corners of a box-shaped flight arena, providing multiple and also ambiguous cues. In tests, bees confused the diagonally opposite corners, which looked the same from the inside of the box owing to its rectangular shape and because these corners carried the same local colour cues. These 'rotational errors' indicate that the bees did not use compass information inferred from the geomagnetic field under our experimental conditions. When we then swapped cues between corners, bees preferred corners that had local cues similar to the trained corner, even when the geometric relations were incorrect. Apparently, they relied on views, a finding that we corroborated by computer simulations in which we assumed that bees try to match a memorized view of the goal location with the current view when they return to the box. However, when extra visual cues outside the box were provided, bees were able to resolve the ambiguity and locate the correct corner. We show that this performance cannot be explained by view matching from inside the box. Indeed, the bees adapted their behaviour and actively acquired information by leaving the arena and flying towards the cues outside the box. From there they re-entered the arena at the correct corner, now ignoring local cues that previously dominated their choices. All individuals of both species came up with this new behavioural strategy for solving the problem provided by the local ambiguity within the box. Thus both species seemed to be solving the ambiguous task by using their route memory, which is always available during their natural foraging behaviour. (C) 2014 The Association for the Study of Animal Behaviour. Published by Elsevier Ltd. All rights reserved